Post
Topic
Board Economics
Re: Gold & Silver are safe than bank deposits ??
by
mersal
on 02/04/2019, 18:16:53 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 ??
yes if you are depositing your money into a bank it will not grow anymore the percentage of income are also very low but the gold is more stable and developing in recent time so comparing to bank ok the investment on gold and silver will be very effective nowadays.