Post
Topic
Board Economics
Re: Gold & Silver are safe than bank deposits ??
by
Lyne01
on 17/06/2018, 05:21:04 UTC
I think now fixed deposit interest rates are less than 5% p.a in USA and Europe. In India fixed deposit rates are 6.5%.

Gold and Silver gives average profit of 8% to 12% per year. Silver will most likely give 20% to 30% profit each year from here on to reach $60/ounce.

Example:

Profit for gold and silver for year 2016 is 12%.

Profit for gold and silver for year 2017 is 0%

Profit for gold and silver for year 2018 is 8%

Profit for gold and silver for year 2019 is 16%

So average profit for 4 years is +9%


How secured/safe are investments in gold and silver if you decide to remove/withdraw your money from banks fixed deposits and invest them in Gold and silver ??

If you are good at investing in gold and silver, then you can be involved in gold and silver. Gold is really a good investment because its value will keep on rising. Gold and silver will always be valuable and you can sure than there are people who will buy them.