Post
Topic
Board Economics
Re: Gold & Silver are safe than bank deposits ??
by
itsik78
on 24/10/2018, 18:05:01 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 ??

Investing in gold is a good way to invest money. He is the most stable of all. In this case, you need to understand that only long-term investments will bring high profits. All this can be understood by the example that you specified.