Post
Topic
Board Economics
Re: Gold & Silver are safe than bank deposits ??
by
armarsterling7
on 30/10/2018, 14:50:08 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 ??
I think it will not be safe in my country. In Vietnam, there are a lot of bandits and people are afraid to leave gold or silver at home. So they choose to save money in banks to avoid being robbed and causing damage to their lives. It depends on the level of security in the countries of the world.