Post
Topic
Board Economics
Re: Deposits-in the bank or in gold?
by
Tony116
on 21/05/2023, 13:30:28 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.

Indeed, why should we invest in something that is being printed in unlimited quantities? While the government is still printing fiat non-stop, there is no reason for us to hold it for long. If I only had to choose between depositing money in the bank and depositing gold, I would choose gold without hesitation. But gold is valuable not only because it is tied to the needs of women, if you regularly follow world news, you will see that countries are still racing to hoard gold more than any other asset class. That shows a huge demand for gold and it is also an asset with limited supply. But it wouldn't be wise to put all my eggs in one basket, so I'll look for other possible solutions like bitcoin. But if OP doesn't like bitcoin for some reason, you can look for other assets like real estate, and other metals like silver are also very potential...