Post
Topic
Board Economics
Re: Gold & Silver are safe than bank deposits ??
by
Kenneth_Bianchi
on 10/08/2018, 20:38:13 UTC

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 ??
Well, you quote figures for last 4 years, but for last hundreds of years gold and silver has been the most secure way to preserve your capital in times of crisis. Thus, I would say, your investments are 100% secure (given, they don't get stolen or robbed).

Wait, how can we use the last hundreds of years as a comparison when only recently a new form of currency had been introduced that is fully digital and relies only on a combination of numbers and letters to exist? The historical viewpoint is only valid until history takes a major step forward, namely a revolution.

Bitcoin is a part of the internet revolution which makes it unique from gold and silver. These assets existed in physical form as objects of comfort for ordinary folk when they felt that the value of their money was decreasing, but now there are more options to serve that purpose.