5 thoughts on “In 1998, I bought 1 million gold and one of the one million deposit banks. Now which one is more valuable?”
Joyce
The price of gold in 1998 was not very high. In 1998, the highest price in 1998 was only $ 313.15/ounce, and the lowest time was only $ 273.48/ounce. The average price of the year was $ 293.97/ounce. We take the average price as an example. At the exchange rate of 1 million yuan in 1998, it can be exchanged for $ 120,918, and these money can be purchased 411 ounces of gold. The price trend of gold in recent years has been rising. As of the current price of gold is $ 1969/ounce, if the 411 ounce gold in your hand is held to the present, then it will be worth $ 80,9910. If the US dollar exchange rate is calculated by 1: 7, it is equivalent to about 5.67 million, and the 22 -year time is increased by 4.67 million. On the surface, it has become 5.67 million in 1998, and it is a good investment, but from the perspective of purchasing power, the gap is relatively large. We take Shenzhen's house prices as an example.
1998 House price of Shenzhen Shenzhen was about 5,000 yuan, 1 million can be purchased about 200 square meters, and now Shenzhen's house prices are more than 50,000 or more, 5.67 million can only buy 113 square meters There are no inflation for buying gold. In the 1 million deposit bank, we take the 5 -year period of 5 years as an example. The fifth -year deposit rate of five years in 1998 is about 6.66%. The 1 million deposit 5 years of regular periods. By 2003, the principal and interest of 1 million 1 million 6.66% 5 = 1.333 million; the five -year regular deposit rate in 2003 was 2.79%, 1.33 million deposit 5 years of regular periods, and the principal and interest in 2008 was 1.33 million 1.33 million*2.79%*5 = 15.15 million; 2008 The five -year regular deposit interest rate is 5.58%, 1515,000 deposits for five years, and the principal and interest in 2013 will be 1.515 million 1.515 million*5.58%*5 = 19.37 million; Five years of regular, the principal and interest of the maturity and 1.937 million 1937 million*5.15%*5 = 24.37 million; 24.37 million are deposited for a period of two years. Based on 2.25%of interest rates, the maturity principal and interest is 2.437 million 2.437 million* 2.25%*2 = 25.46 million. That is, 1 million deposit banks, holding the principal and interest of only 2.546 million, 22 years old increased by 1.546 million, which is worse than the income of purchasing gold. In overall, in 1998, 1 million, regardless of whether they bought gold or deposit banks, did not win inflation, but the income of purchasing gold would be higher than the bank's income.
That should be gold, because the interest rate of money in the bank is very low, and it cannot be achieved at all. After the rapid development of the gold industry in these two or three decades, the market price of gold has risen. If this is 1 million gold, it should It can be appreciated several times.
It must be that gold is more valuable. How can the regular interest rates be able to catch up with the value of gold. This year, gold has risen a lot. All the previous buying was made, and investment still needs to be cautious.
Of course, buying gold, not to mention gold and appreciation space. What is the concept of one million in 1998. Now with the development of the world one million and what is the concept, and the interest is not much.
The price of gold in 1998 was not very high. In 1998, the highest price in 1998 was only $ 313.15/ounce, and the lowest time was only $ 273.48/ounce. The average price of the year was $ 293.97/ounce. We take the average price as an example. At the exchange rate of 1 million yuan in 1998, it can be exchanged for $ 120,918, and these money can be purchased 411 ounces of gold.
The price trend of gold in recent years has been rising. As of the current price of gold is $ 1969/ounce, if the 411 ounce gold in your hand is held to the present, then it will be worth $ 80,9910. If the US dollar exchange rate is calculated by 1: 7, it is equivalent to about 5.67 million, and the 22 -year time is increased by 4.67 million. On the surface, it has become 5.67 million in 1998, and it is a good investment, but from the perspective of purchasing power, the gap is relatively large. We take Shenzhen's house prices as an example.
1998 House price of Shenzhen Shenzhen was about 5,000 yuan, 1 million can be purchased about 200 square meters, and now Shenzhen's house prices are more than 50,000 or more, 5.67 million can only buy 113 square meters There are no inflation for buying gold. In the 1 million deposit bank, we take the 5 -year period of 5 years as an example. The fifth -year deposit rate of five years in 1998 is about 6.66%. The 1 million deposit 5 years of regular periods. By 2003, the principal and interest of 1 million 1 million 6.66% 5 = 1.333 million; the five -year regular deposit rate in 2003 was 2.79%, 1.33 million deposit 5 years of regular periods, and the principal and interest in 2008 was 1.33 million 1.33 million*2.79%*5 = 15.15 million;
2008 The five -year regular deposit interest rate is 5.58%, 1515,000 deposits for five years, and the principal and interest in 2013 will be 1.515 million 1.515 million*5.58%*5 = 19.37 million; Five years of regular, the principal and interest of the maturity and 1.937 million 1937 million*5.15%*5 = 24.37 million; 24.37 million are deposited for a period of two years. Based on 2.25%of interest rates, the maturity principal and interest is 2.437 million 2.437 million* 2.25%*2 = 25.46 million. That is, 1 million deposit banks, holding the principal and interest of only 2.546 million, 22 years old increased by 1.546 million, which is worse than the income of purchasing gold.
In overall, in 1998, 1 million, regardless of whether they bought gold or deposit banks, did not win inflation, but the income of purchasing gold would be higher than the bank's income.
That should be gold, because the interest rate of money in the bank is very low, and it cannot be achieved at all. After the rapid development of the gold industry in these two or three decades, the market price of gold has risen. If this is 1 million gold, it should It can be appreciated several times.
It must be that gold is more valuable, because the value of gold is relatively high.
It must be that gold is more valuable. How can the regular interest rates be able to catch up with the value of gold. This year, gold has risen a lot. All the previous buying was made, and investment still needs to be cautious.
Of course, buying gold, not to mention gold and appreciation space. What is the concept of one million in 1998. Now with the development of the world one million and what is the concept, and the interest is not much.