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Author Topic: Why do older people like investing in Gold/Silver?  (Read 3723 times)
Gumpfire
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September 08, 2018, 02:37:49 PM
 #761

I'm not one who would invest in precious metals, but I have noticed that a good amount of the older generations are pretty keen in investing in these metals. They see it as a way to bet against the market, and a security that will always be safe -- even in the times of a market downturn/country failure as a whole.

I personally wouldn't even want to buy these metals in those events, as I don't see the reason to. I'd rather invest in securities that go up when the market shits itself (Payroll lending companies and so on and so forth)

Does anyone here know the reason behind people loving precious metals?
Older people would like to invest in precious metals like gold and silver because it is very valuable and it is good for a long term investment. Older people do not want to try to invest in bitcoin and cryptocurrencies because they do not have any interest to it and it is not in their trend.

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September 08, 2018, 02:45:01 PM
 #762

Precious metal investment attracted many people and proved that investment in precious metals can survive from the past until now for several reasons:Security (having certificates recognized by the state and globally); Promising benefits (prices that are stable and tend to increase) and avoid taxes; Easy to withdraw if you need funds quickly and immediately; Low risk and can withstand inflation; Practical and does not depend on any party or government policy because we have full power over ownership.

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September 08, 2018, 02:47:46 PM
 #763

Investing in silver and gold is understandable for old people, because they have been doing it for life and trusting such investments.

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September 09, 2018, 08:31:33 AM
 #764

Hand crypto investment is more profitable than gold and silver but holds more risk and when you are in sixties you would not take risk for your investment because of your family survival. You need a guaranteed investment and bitcoin is not guaranteed.
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September 09, 2018, 09:05:46 AM
 #765

According to me lack of proper knowledge and trust issues are the major reasons why people don't invest in cryptomarket.They consider gold and silver  as more trust worthy.They consider BTC  and other coins as useless because they consider them as scam.From many years gold  is considered on top for any sort of investment.They consider gold as more profitable as compare of cryptocurrency.

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September 09, 2018, 09:09:50 AM
 #766

According to me lack of proper knowledge and trust issues are the major reasons why people don't invest in cryptomarket.They consider gold and silver  as more trust worthy.They consider BTC  and other coins as useless because they consider them as scam.From many years gold  is considered on top for any sort of investment.They consider gold as more profitable as compare of cryptocurrency.
it is difficult to change the mindset of a person, in my opinion it happened indeed because gold appeared first as an investment tool, what else is currently cryptocurrency has not been legalized in many countries.
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September 09, 2018, 10:04:59 AM
 #767

The reason parents want to invest in gold / precious metals, gold and precious metals is often used as one of the protection instruments and as a guarantee of investment that we make, survive in decreasing value for money, protect macroeconomic and geopolitical risks and save wealth in an effective way.

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September 10, 2018, 03:13:50 PM
 #768

precious metals are the most reliable way to invest, at least before the creation of cryptocurrency

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September 11, 2018, 07:05:46 AM
 #769

In the past, gold was a good investment and for older people they still felt comfortable and believed in gold investment because it was easy and they might not know about bitcoin
Exactly. The older people have only invested in gold and sliver in their time and have been aware about the ups and down in the market. Like many among us do not want to quit MBA because it promises a highly paid job, the old people in the same way have affection for the precious metals and stones which is also a good way to earn as long as you are earning good money. But the spread of technology might change their mindset in the near future.

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September 11, 2018, 07:46:47 AM
 #770

To the extent I know, more established individuals get a kick out of the chance to put resources into gold in light of the fact that these valuable metals merit something and they are accustomed to owning these valuable metal and when they require cash right away or if there is a crisis, it is simple for them to pawn it thus they think it is extremely a decent speculation, much the same as bitcoin and different cryptographic forms of money now wherein you hold them however in the event that ever you truly require the cash for crisis cases you can without much of a stretch change over them and pull back them.
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September 11, 2018, 07:54:07 AM
 #771

They consider these as a type of long term investment which can give them a big profit in the future. Besides, gold is much easy to sell and is universally accepted as a form of payment or exchange to cash.
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September 11, 2018, 07:55:26 AM
 #772

I'm not one who would invest in precious metals, but I have noticed that a good amount of the older generations are pretty keen in investing in these metals. They see it as a way to bet against the market, and a security that will always be safe -- even in the times of a market downturn/country failure as a whole.

I personally wouldn't even want to buy these metals in those events, as I don't see the reason to. I'd rather invest in securities that go up when the market shits itself (Payroll lending companies and so on and so forth)

Does anyone here know the reason behind people loving precious metals?

Investing in silver and gold is a matter of habit. Some already invest their money in Bitcoin. Bitcoin is one of the new technology that invented.     Shocked
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September 11, 2018, 08:08:04 AM
 #773

In Vietnam, older people buy gold and silver very often. They think it's a matter of saving money for old age. Buy gold is not high profit, but they feel much safer than using the money to buy bitcoin or any penny to make money.

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September 11, 2018, 08:08:25 AM
 #774

Maybe they're afraid from bitcoin. Since the crypto currencies are not exist and they're not present physically which mean we can not protect him.Where Gold and silver can be protected we can store it anywhere maybe that's why they believe in silver more than bitcoins
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September 11, 2018, 09:34:37 AM
 #775

There are many ways to explain why people still invest in gold, but overall they are all about meeting their financial goals. Gold is one of the few tangible assets, and therefore, it creates a sense of security among investors. Buying gold is much easier than buying other tangible assets such as real estate.
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September 11, 2018, 09:42:47 AM
 #776

I'm not one who would invest in precious metals, but I have noticed that a good amount of the older generations are pretty keen in investing in these metals. They see it as a way to bet against the market, and a security that will always be safe -- even in the times of a market downturn/country failure as a whole.

I personally wouldn't even want to buy these metals in those events, as I don't see the reason to. I'd rather invest in securities that go up when the market shits itself (Payroll lending companies and so on and so forth)

Does anyone here know the reason behind people loving precious metals?
Because it has assurance that it will have more value in the future. Gold, Diamond or silver is already popular in value since in the time of our ancestors. You cant avoid the thing that some people value Gold than food sometimes.
One major point is that Gold and Silver are easy investment sources as investors find it easy to handle these two though it may take some time to generate profit for you but these are stable and you will make good profit here. As compare to Bitcoin and other cryptocurrencies we get more profit from the modern digital currencies but may be old people are habitual of investing in gold and silver.

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September 11, 2018, 09:43:56 AM
 #777

Because they are known by everyone and if anyone gets money s/he will surely but it and it is easy to sell and it is not banned by government one more thing it is the oldest thing not years old.

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September 11, 2018, 09:54:48 AM
 #778

People should have stopped buying gold for at least a century and that has not happened and it is easy to see why, gold despite being one of the oldest form of investment is still giving profits, this is similar to what happens with bitcoin, why are people still willing to pay more than 7000 for each bitcoin despite the huge price? Because they know they are going to get profits when the market recovers.
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September 11, 2018, 10:07:40 AM
 #779

Because they already feel when the price of gold or silver is still cheap and now is very expensive then they are still investing in it. Maybe if you tell about bitcoin they will start investing too because they know that it will be very profitable.
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September 11, 2018, 10:08:13 AM
 #780

People wanted to invest in gold and silver maybe because gold and silver has an appearance and we are really sure that we can really earn on it. But the dis advantage is that the price of gold and silver is always stable in a high price so if we are going to invest on it maybe we cannot make a big reinvestment without a big capital.
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