Saving in Gold Vs. Saving in Fiat Currency

[nomad]

How do you save money? Do you save in gold, or do you save in fiat currency? When you are saving in gold, do you save in digital gold or physical gold, when you save in fiat currency, do you save in banks or buy assets?

 

[cherry123]

i will prefer to save in Gold as it aids preserves the value of money . gold is a safe investment than having money. we can use it in the future when the economic isn't great

 

[Niyi Briggs]

Any amount of money that you save in fiat is subject to depreciation. Gold would always surely appreciate. I prefer to save in Gold.

 

[Springtime]

I have both. But mostly, I save in flat currency. I put the money in a bank account. I also make some investments. As for gold, I buy physical gold coins.

 

[Fidelia]

I prefer to buy gold. I don't have a savings account apart from just an emergency funds account but most of my other savings is in gold.

 

[You]

I save in both fiat currency and gold. For fiat, I use a combination of high-yield bank accounts and strategic asset investments. When it comes to gold, I prefer physical gold coins and bars.

 

[eldavis]

I have never saved in gold before. All my saving has always been in fact currency or in some cases with dollars.

 

[King Belieal]

My mom has a lot of gold and when she had financial challenges that made her to sell one of her gold necklaces, she sold at double the price she bought it and that was after four years. I would pick gold over fiat.

 

[Kera]

Gold would increase in value more than fiat currency would give you interest within the same time frame.

 

[Rubz]

I save money in fiat currency and i save them in the bank or in my piggy box. I would like to save in gold but i don't know how to go about it.

 

[Passiveearner]

Investing or saving in foreign currencies is also a good thing to do, especially if you live in a country whose economy tends to be really poor. But I would prefer trading in gold.

 

[Hate2Wait]

Saving in Gold is much better and it will also help us make profits but for that we need to invest for at least 2-3 years or even longer

 

[nomad]

My mom has a lot of gold and when she had financial challenges that made her to sell one of her gold necklaces, she sold at double the price she bought it and that was after four years. I would pick gold over fiat.

A know a lot of people who invest in gold jewelry but investing in gold jewelry is not truly investing in gold and the value of gold jewelry is less than buying gold bars or biscuits

 

[Passiveearner]

Gold is far much more volatile than cryptocurrencies in the long run. This proves that investing in gold could be really profitable due to volatility factor involved. However, this could also be a double edged sword as well.

I have never saved in gold before. All my saving has always been in fact currency or in some cases with dollars.