Is gold better than money in the bank?

[Ofonime]

I read this post sometime ago and I believe money in the bank is better than gold do you know why because even if you sold gold the end product will be money so it's better you opted for money in the bank

 

[Cam]

Gold has been on the rise, especially with all the inflation going on these last few years. Still, I'd rather have money in the bank, collecting interest.

 

[Fidelia]

Gold reached peak price this year and many people had their financial fortunes turned around. I have never seen anyone has a financial turnaround by keeping money in the bank.

 

[Hate2Wait]

I won't say Gold is better as compared to cash but Gold is quite secured and you can use that as an investment for a long term

 

[Ofonime]

Gold is never that better than money if you sell gold what are you going to expect at the end of the day I believe it's same money

 

[Hate2Wait]

Investing in Physical Gold is one of the best and secured investment options and there is a less risk as you cannot expect Gold prices to fall rapidly and mostly it rises

 

[Ofonime]

Investing in Physical Gold is one of the best and secured investment options and there is a less risk as you cannot expect Gold prices to fall rapidly and mostly it rises

I now understand what you mean but I believe that if you invest in physical gold you will have better understanding on others financial markets but money in the bank always seems to be the best option since its always an end product

 

[Hate2Wait]

Gold is a safe way to invest money but its never a good idea to replace all your cash/ money into Gold as although Gold can be converted to liquid cash quickly but still you should have some cash

 

[jetsaints30]

I totally agree! Gold has a timeless appeal and feels like a solid investment that can weather any economic storm.

 

[Rubz]

I think money is better than gold in the bank. This is because on gets interest on money over time.