Have 100, 200, 500 million should buy gold or save it?

You have an amount of money set aside and want it to continue to proliferate. And you are wondering 2022 Should I buy gold or save it? will be more profitable.

Currently, the world is in a period of stabilization after the pandemic. However, inflation is still at an alarming state. Therefore, you need to do thorough research before investing.

Here is an analysis article between buying gold and saving. You will also learn the answer to whether to buy gold or save money through the content below. Let's read it together.

Compare savings and buy gold

For a clear analysis of whether to save or buy gold, below we will go through the details of each form of deposit. See what advantages and disadvantages are there between buying gold and saving.

What is gold investment?

Investing in buying gold and hoarding is a form of investment that has existed for a long time. Instead of keeping cash, people will buy gold to hoard. The explanation for buying gold to hoard instead of hoarding money is because gold always keeps its price and rarely decreases. And cash over the years can depreciate.

Should I buy gold or save it?

And the price of gold can change greatly according to the world market and often changes in an upward direction, but rarely shows signs of decreasing. It is for that reason that people do not hesitate to invest in buying 1 gold every month.

Advantages and disadvantages when investing to buy gold

Advantage:

Buying gold can be highly liquid, easily redeemable at any end.

The value of gold persists over the years, the longer the difference, the higher the exchange rate.

Gold is not affected by market economic inflation. When stocks fall, the price of gold will definitely go up.

Defect:

In addition to the advantages of investing in gold, there are many advantages and risks when investing in gold that you should know.

Investors must understand the market and buy and sell reasonably. If you know the market situation well, when you sell it, you will have a high profit.

Must have a safe storage location because gold is a valuable asset, so it is easy to be stolen.

In Vietnam, the gold price is controlled by the government, so the price of gold in Vietnam and the world is completely different.

What is savings deposit?

Savings deposit is a form of investment of idle money in a bank or a certain depositor to receive interest. You will receive an additional amount calculated as a percentage of the interest of the deposited amount.

Should I buy gold or save it?

Usually, when there is no investment plan, people often deposit their savings in a bank. Deposit terms are also quite diverse that can be selected according to needs.

The higher the deposit amount and the longer the term, the larger the amount of interest received. However, this form also has some advantages and disadvantages as follows.

Advantages when saving money

If saving, the amount of interest received will be sent to your account periodically or receive both interest and principal and at the end of the deposit term. You won't need to worry about market volatility like depositing gold.

Flexible form of interest rate calculation. You can receive principal and interest at the end of the term or continue to extend it to deposit more.

You have many deposit options when there are many banks with attractive deposit products.

Cons of saving money

Although it is a safe form of deposit, the return is much lower than depositing gold.

There may be problems if you deposit money at an unscrupulous unit.

Should buy gold or save for 2022

You are wondering when you have 100, 200, 500 million should buy gold or save it. Here are some of my tips for you.

As above, we have learned to invest in gold or save, each form has different advantages and disadvantages. However, when choosing to invest in any form, you also need to consider your economic situation, how to use it.

Should I buy gold or save it?

If you are a person who likes to wear durable clothes and want to use the cash in the future to serve a certain purpose. In my opinion, you should save money so that you can flexibly use the money source and face less risks.

On the contrary, if you have a large amount of money you want to invest for a long time. And want to hoard gold for long-term future purposes. Choose to buy gold to invest, because the gold investment channel will require a fairly long time to generate profits. At the same time, buying gold is also a form of hoarding assets to avoid devaluation.

In short, no matter how you invest, you still need to choose the method that is right for you. Understanding that, when investing, we will not encounter problems arising.

Hopefully with this article Giabachomnay24h.com has helped you know Should I buy gold or save it? to invest. If you have any other questions, leave them below.