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I want to invest in gold that's my target now. Gold never depreciates but appreciates. It's my new venture to conquer.
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Which is more profitable, investing in gold or saving money in the bank?
- Thread starter Suba
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Gold is an asset and a better form of storing money. You would make more money with it in future so invest now in it if you can.
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Buying gold is a better investment as you may be able to get good profits in a long run whereas you will get very low interest on the savings in your bank account.
In a year, the value of gold kept appreciates more than the interest one earns from a fixed deposit account.
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Yes, that true and that's why people like to invest in gold than keep their money in the bank account.
That's right, you would be making money work for you with gold but this cat be said of savings
That depends on the interest rate and the price of gold. If interest rate is low, putting money in bank will not be profitable. If you buy gold at a low price, it's value may appreciate over time. But investment in gold has risk. I think the best thing to do is to put some money in bank and buy some gold coins as well.
