Post
Topic
Board Economics
Re: Deposits-in the bank or in gold?
by
Vaskiy
on 18/05/2023, 23:09:15 UTC
How to save savings in inflation, there are many deposits provided by the bank, but banks often go bankrupt, does it make sense to buy gold? How is gold bought in a bank and interest is issued on it?
did you not want add another option like bitcoin lol

[between gold and bank deposits] --why do have to invest in something that can be continuously printed by the government like fiat currency, imo saving paper money is ridiculous, the thing that keeps happening is losing value over the years, and also the result of inflation.  while gold, well the amount is limited and the circulation of money there is quite fast, apart from that the majority of people still really love gold even gold is still the primadonna for women, this is what makes gold quite immune to inflation.  i invested in gold before getting to know bitcoin and when i got to know bitcoin i invested 60% in bitcoin : 40% in gold.
Rather than investing into fiat, it is good choice to go with gold. Throughout history the importance of gold can be seen and the goodness relies on how we make use of it. Women love gold and the same serves as an investment. This is two in one against the inflated fiat. I should've invested in bitcoin, but my major investments were on gold. This is all because of the choice of using it as collateral to get loans when there is an immediate need for money.