What Do You Prefer: Fixed Deposit or Gold

[Nomad]

When it comes to saving money or investing money, what would you choose, a fixed deposit bank account or invest in gold? Fixed deposits accounts offer higher interest than normal savings accounts (usually, 10–12 percent annually compared to 5–6 percent interest on savings). However, the drawback is you can’t withdraw funds until the deposit matures. When there is inflation, value of currency drops, so some people prefer storing wealth in gold as a solid long-term strategy. Gold tends to appreciate steadily.

 

[Min George]

I would prefer Gold over fixed deposits. I am certain that gold would yield more than the 3% interest that fixed deposits pay in my country.