Quote from: bestcoins1 on January 05, 2024, 02:08:42 PM

Quote from: Dunamisx on January 05, 2024, 01:47:51 PM

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Some people still don't realize that the money from bank customers will be used by the bank to develop their own business in many ways and there are still many ordinary people who think that keeping money in the bank is the safest thing in their opinion. So they don't want to look for other alternatives in order to find out which other sectors are safest to save the money they collect through their own work.

In fact, currently there are quite a lot of sectors that can be used to store money safely without having to link ourselves to the bank except for transfer service bridges only. Currently, I often use the alternative of saving gold when I already have money to avoid the bank, because saving gold at this time is not bad other than keeping Bitcoin as usual.

It's true that banks utilize customer deposits to facilitate various financial activities, including lending and investments, to generate revenue for their own operations. That's how a bank as a company gain financial advantage through banking business. if they failed to generate revenue from their investment or business, there will be lack of money in the bank which is owned by custumers. that's how inflation starts. This heppened to Lehmann Brothers years ago.

Diversifying savings is indeed a wise approach. It's a prudent financial strategy, and understanding the risks and benefits associated with different investment options is crucial. While banks provide a sense of security, exploring other sectors, such as investing in precious metals like gold or exploring cryptocurrencies like Bitcoin, can offer different advantages. Each option has its own set of risks and benefits. It's great that you've found a strategy that works for you, emphasizing the importance of considering various alternatives for financial security.