Post
Topic
Board Economics
Re: Gold & Silver are safe than bank deposits ??
by
resty
on 28/10/2018, 14:45:52 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 ??

We all know that real investment like gold and silver is much better return of profit because of consistency and stable income but remember that is only a few profit while crypto currency like bitcoin is obviously much bigger profit than real gold or silver. right?