If you have 30 million, should you save or buy gold? to get the most profit and at the same time avoid inflation? Although knowing that both forms of buying gold and saving deposits are highly safe and least risky for investors. So, How much gold can 30 million buy? 30 million deposit in the bank how much interest 1 year? Should you save 30 million or buy gold to avoid inflation? Explore with Vninvestment Please!
What is inflation?
Inflationary Also known as the devaluation of money over time. A simple example is that 5 years ago you could use 200,000 VND to buy all necessary vegetables, meat, fish and spices for 1 month, but 5 years later with 200,000 VND you can only buy products. Use up to 1 week or even have to make up for it.
The increase in the general price level of goods and services while the value of money remains the same is the main cause of inflation and leads to an increasingly devalued currency. Worse, when comparing currencies with other countries, there is a large difference that severely affects the economic situation of the country with high inflation.
Before learning about the main content of today's post "If you have 30 million, should you save or buy gold? To avoid inflation? Let's find out how much gold can be bought by 30 million now in the economic market situation in 2022!
How much gold can 30 million buy?
The domestic gold price today and early morning on April 22, 2022, reversed to increase from 150,000 VND to 300,000 VND. The price of gold SJC bought in was 69.7 million dong/tael and sold out at 70.4 million dong/tael. Know that:
1 tael of gold = 10 gold threads => 1 SJC gold thread on April 22, 2022, priced at VND 6.97 million. How much gold can 30 million buy today? With 30 million, you can buy 4 SJC gold threads for 27.88 million dong. The gold market is always up and down abnormally and unstable, so at the time when gold is increasing strongly, investors should not buy.
Because maybe right now you can only buy 4 gold with 30 million, but at some point in the next week or next month, gold begins to show signs of decline, now with 30 million you can bought 5 gold, so the time to buy gold is very important to help determine the quality of profit more effectively than other investors.
>>> Maybe you are interested: What kind of gold should you buy to save money?
How much interest is 30 million deposited in the bank?
Each bank will have a specific listing of a different interest rate with each deposit limit and deposit term. Therefore, you should consider choosing banks with appropriate interest rates to create a profitable interest flow.
Applied for savings deposit amount of VND 30 million and deposit term of 12 months:
- For example, bank A's monthly interest rate is 6.7%, then:
The interest you get in 1 year is = 30,000,000 *6.7/100 * (12/12) = 2,010,000 VND/year.
Apply for the deposit amount of 30 million VND and the deposit term is 1 month:
- For example, the 1-month deposit interest rate is 5.3%, then we have the following interest:
Interest you get in 1 month= 30,000,000 * 5.3 * (1/12) = 132,500 VND/month.
>>> See more articles: 500 million in bank deposits, how much interest a month?
Should you save 30 million or buy gold to avoid inflation?
From the time of our ancestors, they have noticed that money is depreciating in value over time while gold is a finite precious metal that not only keeps its value stable over the years, but its value is increasing gradually. by the time. Therefore, since ancient times, grandparents have had the habit of saving and accumulating to buy gold to invest in reserve and sell when gold is highly profitable.
Until now, investing in gold has always been one of the most popular safe and low-risk long-term investments. Savings or buying gold both have their own advantages and disadvantages, but if you are looking for a long-term investment against inflation, the gold reserve is the perfect choice that you cannot ignore.
>>> Related posts: Should you buy gold or save 20 million to get the most profit?
Conclude:
If you have 30 million, should you save or buy gold? to avoid inflation and profit effectively? Hopefully this article has brought you useful knowledge about financial investment between savings and gold investment to help you choose the most suitable form of profitable investment!
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