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should people start buying gold,or vintage cars stop of using banks,you get no profit from banks anyway but the bankers get rich your money.?

3 Answers

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  • 4 years ago

    Its all about supply and demand when it comes to gold and classic cars, so if everyone started buying them, the prices would skyrocket and people couldn't buy them.

    Banks don't get rich, bankers make money by using deposits to make loans. Why wouldn't you become a banker??

  • 4 years ago

    Banks keep my money safe. I don't expect any great profit from them. For profit, I buy mutual funds & individual stocks. I agree with the 1st poster - there is no huge profit in cars or gold. In most of these cases, you're lucky to get your money back - with no loss.

  • Ranger
    Lv 7
    4 years ago

    You pay a commission to buy the gold at Retail prices, and when you go to sell it, you have to sell at Wholesale prices. You loose on the value of your money on both ends.

    I do agree that everyone should go back to using cash since the banks don't pay reasonable interest on anyones money while they get rich off of it.

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