If you have 100 million, should you buy gold or save it?

If you have 100 million, should you buy gold or save it? to profit generate high profits? When you have accumulated 100 million dong of idle money, you must have thought about how to make the cash flow proliferate to create a larger source of profit. The form of bank savings and gold investment are the two most popular forms of safe and profitable investment.

Although it is a safe investment method, the interest rate and profitability of savings are very low, while investing in gold is afraid of price fluctuations and selling without profit.. If you have 100 million, should you buy gold or save it? Let's find out together!

How much is the interest in saving 100 million a month?

The interest you receive when you save VND 100 million depends on which bank you choose to deposit, and how many months you choose? 3 months, 6 months or 1 year? What is the interest rate listed by the bank with the amount of 100 million according to each deposit term? from there you can calculate the amount you will receive after the end of the deposit cycle.

Apply this formula to calculate the monthly deposit:

Interest = Deposit amount x Interest rate (% years)/12 x Number of months of deposit

For example: You want to deposit 100 million VND into VP bank for 6 months with an interest rate of 6.5%, applying the formula we have:

100,000,000 x6.5%/12 x6 = 3,250,000 VND/6 months

The profit you will receive after the end of the 6-month deposit cycle is: 3,250,000 VND

How much is the interest in saving 100 million a month? Are interest rates high?

Related posts: 500 million in bank deposits how much interest 1 month? Where should I send?

Should I buy gold with 100 million spare longan money?

Should I buy gold when I have 100 million idle money? Investing in gold is a long-term profitable investment that requires investors to be patient and persistent, not to rush to sell when gold is still saturated or has not increased in value. Therefore, once you decide to buy gold for investment, you should use your idle money to avoid affecting your monthly living and spending.

1. 100 million should buy gold at what time of the year?

There are 100 million you should buy gold when the price of gold drops due to market fluctuations and sell when gold grows strongly. It is difficult to determine the beginning of the year - the middle of the year - or the end of the year when gold prices increase or decrease because the domestic gold price goes up or down depending on many factors from fluctuations in the domestic gold market and the international market. .

2. Having 100 million, which gold should I buy to invest now?

To invest in gold effectively and bring good profits, you should give priority to buying gold with high value and with almost absolute pure content. 9999 gold, also known as 24K gold, is pure pure gold with an impurity rate of about 0.01% and a pure gold content of up to 99.99%.

Besides, 999 gold is also a perfect choice for you because the gold content rate accounts for 99.9%, ranking second in value after 9999 gold. This is also a specialized gold for investment and cheaper price when investing in 9999 gold.

100 million idle money should buy gold? — Should idle money of 100 million buy gold? Which gold should I buy to invest in 2022?

3. Should I buy gold now when I have 100 million in hand?

Gold price on April 27, 2022 Currently priced at about 69,500,000 VND / 1 tael. You can buy gold at this time if you predict gold will have an uptrend, buying now is also quite reasonable. You can also choose the time when gold is low to buy, but it is impossible to know for sure that before the time when gold is low, gold has increased to how many million dong/tael. Therefore, you need to consider carefully before deciding to invest in the gold market.

See more articles: Should I buy gold or save it? What is the most effective investment channel in 2022?

If you have 100 million, should you buy gold or save it?

No matter how safe an investment form is, there are still unavoidable disadvantages. So, If you have 100 million, should you buy gold or save it? for maximum profitability? Let's explore the pros and cons of these two forms!

1. What are the advantages and disadvantages of buying gold when you have 100 million?

Advantage:

Gold is a rare metal, so it always retains its value over time.
Not affected when the market occurs inflation
Gold price is always public and adjusted when there are fluctuations
Create high value for long-term investment

If you have 100 million, should you buy gold or save it? Pros and cons of investing in gold

Defect:

The domestic gold market can go up and down at any time
Volatility in the foreign gold market may affect the domestic gold price
The process of keeping gold at home is not safe can encounter unexpected problems (theft)

2. What are the advantages and disadvantages of saving when you have 100 million?

Advantage:

It is a safe form of profitable investment
Diverse investment packages make it easy for you to choose
Enjoy monthly interest
Get advice from staff 24/7 and solve problems when there is a problem

Defect

Low interest rates, only from 6-8%
Currencies will depreciate when inflation levels rise

Conclude:

If you have 100 million, should you buy gold or save it? to profit effectively? To be fair, buying gold to hoard or save for profit has its own advantages and disadvantages. Therefore, you should reconsider your needs and consider choosing the most suitable investment form to help you earn the most profit!