Note: If you like my topics/threads and posts give me "+merits". See on the right side of each post (top right corner) there is "+Merits"
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 ??
Yes It's true. I prefer to deposit to gold and silver instead of giving the money I have in the bank because in the bank my money will definitely be used for other purposes thus making my money unsafe. Usually my money in the bank is used for emergency needs.