Investing in gold vs saving, which is good?

[deucher]

Between investing in gold and savings which is better? When I say better, I mean in terms of profitability and risk free?

 

[mhizta chosen]

I will prefer saving because investment this days is too risky.i can't afford lossing my money to it.

 

[Nomad]

It depends on where you are saving money. If you are putting your money on high-yield saving accounts, you might be able to benefit more. For instance, in our country, you can get around 10 percent interest on a fixed deposit bank account. BY the way, gold is the most secured investment. You might not achieve exponential growth through gold investment but yo will surely make some profits.

 

[Grant]

Depends on what you can put up. Gold is great to invest in, as it's not something that drops on worth often. Same with probably Silver and other such things. The problem is finding the gold and being able to buy some of it.

You can save money to then buy gold if you want, but saving money is just as good I would imagine. It really comes down to what works best for you.

 

[Yaqoob Habib]

Between investing in gold and savings which is better? When I say better, I mean in terms of profitability and risk free?

If you save some of your expenses then it is better if you invest in gold, it will give you more benefit because the price of gold is increasing day by day. As the price of gold increases, your savings will increase and And we can say what was the price of gold a few years ago and how much has the price of gold increased now. If you invest in gold then you can get profit from it.