Saving money or gold?
By bintang9
@bintang9 (196)
Indonesia
April 7, 2013 1:23am CST
10 years ago I bought 20 grams of gold. At that time the price of the gold about Rp 3.000.000,- I save it in my cabinet. At the same time I save Rp 3.000.000 in bank for my children. I just let it in bank, and my saving money now become not more than Rp 5.000.000. What about the gold I had saved? Now the value is equal to Rp 10.000.000. So, I think saving gold is better than money. Do you think so?
1 person likes this
5 responses
@o0jopak0o (6394)
• Philippines
7 Apr 13
Gold is always better as it its price fluctuate because of world demand/economy and not just your countries currency. The bad thing about gold is the money you would need as a start-up investment. Most gold investment nowadays have a minimum of $1000 or more.
@jonastabuena (2307)
• Philippines
7 Apr 13
i prefer to save gold than money, the rate of gold per gram is increasing as time goes by, unlike money sometimes the is decreasing not stable, and i think you can sell gold anywhere in the world.
@beamer88 (4259)
• Philippines
7 Apr 13
I'm inclined to agree with you. Gold is still a precious commodity. Plus I feel it's somewhat a nonrenewable metal. Eventually raw gold ores would be gone and this would really increase the value of this. I think investing on precious metals such as gold is a wise thing to do. But I also think money is important since it's easier to use in everyday transactions.
@kenshin2143 (1880)
• Philippines
7 Apr 13
I agree with you that saving gold can be more valuable as time passes by. I even read an article about gold that it will become the commodity in the future a line with silver. This also explains why there are many powerful countries hording gold for themselves to prepare for the future.
