A K Rao
Active member
I want to invest some money for the purpose of making money in the form of appreciation, interest, or dividends.
For that I have got three ideas in my mind. First idea is to invest in the gold, next one is investing in the Bank's fixed deposits and the last one is investing in the Crypto currency.
All the three types mentioned above have pros and cons which I am discussing here as follows:
I feel it is better to invest in the gold because it is a metal which is used by every country and treated as fiat currency. This currency will always have a demand in the international market. But the growth of the Gold is not equivalent to the interest paid after some achieving a certain cost in the market. So it looks like I may not be interested in the investing in Gold.
Next thing is investing in the Bank's fixed department which is safe and it yields better interest than when investing in them. But here the investing in the Bank is investing our genuine money in the bank where nowadays the fiat currency is no more backed by the Gold and the currency is printed by the country as per the need. That my money invested can lose its value and even credibility because of this.
The third idea of investing Crypto is looking lucrative but I don't have clear idea about the crypto currency I always feel fear or doubtful about investing in them and trade. Though the rates of appreciations that are seen in the market are very attractive I am afraid abut the volatility and security of this currency.
Could you kindly advise which invest would be best and why to invest?
For that I have got three ideas in my mind. First idea is to invest in the gold, next one is investing in the Bank's fixed deposits and the last one is investing in the Crypto currency.
All the three types mentioned above have pros and cons which I am discussing here as follows:
I feel it is better to invest in the gold because it is a metal which is used by every country and treated as fiat currency. This currency will always have a demand in the international market. But the growth of the Gold is not equivalent to the interest paid after some achieving a certain cost in the market. So it looks like I may not be interested in the investing in Gold.
Next thing is investing in the Bank's fixed department which is safe and it yields better interest than when investing in them. But here the investing in the Bank is investing our genuine money in the bank where nowadays the fiat currency is no more backed by the Gold and the currency is printed by the country as per the need. That my money invested can lose its value and even credibility because of this.
The third idea of investing Crypto is looking lucrative but I don't have clear idea about the crypto currency I always feel fear or doubtful about investing in them and trade. Though the rates of appreciations that are seen in the market are very attractive I am afraid abut the volatility and security of this currency.
Could you kindly advise which invest would be best and why to invest?