Post
Topic
Board Economics
Re: Deposits-in the bank or in gold?
by
Velemir Sava
on 24/05/2023, 15:24:30 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?

I myself like Investing in gold can be a hedge against inflation, because its value tends to rise during uncertain economic times and this was also implemented by my parents first and has proven to perform well anytime and anywhere it can be sold and can also be used as collateral. For banks at this time there are lots of issues of being hit by a hyker attack and prone to collapse, especially those that are performing poorly and I take great care and always monitor so that my funds are not misplaced.