Bitcoin Forum
September 19, 2018, 06:15:37 AM *
News: ♦♦ Bitcoin Core users must update to 0.16.3 [Torrent]. More info.
 
   Home   Help Search Donate Login Register  
Pages: « 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 [40] 41 42 43 44 »
  Print  
Author Topic: Why do older people like investing in Gold/Silver?  (Read 3158 times)
nguyenan111011
Newbie
*
Offline Offline

Activity: 35
Merit: 0


View Profile WWW
September 11, 2018, 10:21:39 AM
 #781

I think gold is not the place to invest. Gold is the place to store all their life's work. Because if you store gold you never fear losing its value. not influenced by inflation. Gold is a safe place to invest and does not have to be profitable.
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1537337737
Hero Member
*
Offline Offline

Posts: 1537337737

View Profile Personal Message (Offline)

Ignore
1537337737
Reply with quote  #2

1537337737
Report to moderator
BitBite5
Member
**
Offline Offline

Activity: 158
Merit: 40


View Profile
September 11, 2018, 10:33:41 AM
 #782

Many older people are not so educated and familiar with bitcoin so they stick to what they know something about and have trust and that is silver and gold.
To be honest these are also good investment types but with better promotion and useful information older peopler could also get interested in bitcoin and other cryptocurrencies.
KKH84
Full Member
***
Online Online

Activity: 420
Merit: 100



View Profile WWW
September 11, 2018, 10:36:45 AM
 #783

I think that happened because history in their lives, ancient times (before the cryptocurrency existed) proved that people who have a lot of gold or precious metals can be associated with a person's level of prosperity. The more gold invested shows that someone has a level of financial prosperity or someone with a high level of social strata.

The FASTEST and MOST SECURE  Token Exchange.
▬▬  ETHERSHIFT  ▬▬  No More Waiting! Main Sale Starts Nov 05, 2018.  ▬▬  ETHERSHIFT  ▬▬
WHITEPAPER | ANN | TELEGRAM | TWITTER | REDDIT | DISCORD
daymonblue
Newbie
*
Offline Offline

Activity: 11
Merit: 0


View Profile
September 11, 2018, 10:40:50 AM
 #784

Gold and silver have held value throughout time, but who knows what will happen to various markets? I know that in the past, people flocked to it to hedge against inflation. So if inflation is at 10% that means your money is losing value every year, so you bought gold to prevent your cash from losing value.
Akpuv
Jr. Member
*
Offline Offline

Activity: 84
Merit: 2


View Profile WWW
September 11, 2018, 10:49:23 AM
 #785

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?
Do you think that the old aged people have time to start learning something new like cryptocurrency? I don't think so. Gold and silver have been with them right from ages and they will always be more comfortable with it.

XCT CLUB  |  xCrypt - Blockchain Ecosystem
▰▰▰  ▲▼  PRE - ICO Sale is Live!  ▲▼  ▰▰▰
Kingathur
Newbie
*
Offline Offline

Activity: 25
Merit: 0


View Profile
September 11, 2018, 10:52:36 AM
 #786

I think it is because they are already comfortable with it and it is what they know, I will not invest in something i have no or little knowledge of its outcome. But if you would give some time to teach them make them understand about Bitcoin then I think they would start to invest in it.
gellany32
Newbie
*
Offline Offline

Activity: 42
Merit: 0


View Profile
September 11, 2018, 11:15:33 AM
 #787

It is culture and we all know that they used to invest in gold and silver already and since they have earn also on it then why should they bother to invest on another investment? So basically that is the mindset of those old people but not all since there are other also that are open to another investment in fact they have multiple investments and earn more.
Phomology
Jr. Member
*
Offline Offline

Activity: 42
Merit: 7

Gateway to Freedom - www.phomology.com


View Profile
September 11, 2018, 11:22:02 AM
 #788

If you are 60 or older, you did not grow up with computers so this is a world you cannot relate to as much as digital natives. It’s to grasp the value of any digital asset while gold seems to be something tangiable.

  Phomology      ▲   Gateway to Freedom
●   TURN FEAR INTO POWER   ● (http://www.phomology.com/)
[url=http://www.phomology.
gellany32
Newbie
*
Offline Offline

Activity: 42
Merit: 0


View Profile
September 11, 2018, 11:58:48 AM
 #789

If you are 60 or older, you did not grow up with computers so this is a world you cannot relate to as much as digital natives. It’s to grasp the value of any digital asset while gold seems to be something tangiable.
This one seems so right so basically older people will tend to invest on silver and gold because they could not even know the technicalities of bitcoin and its digital wallet. The use of computer is very crucial on this kind of imvestment which oldet people are not capable of doing and working with computers.
Anish02
Jr. Member
*
Offline Offline

Activity: 56
Merit: 10

THE DECENTRALIZED BETTING EXCHANGE


View Profile
September 11, 2018, 12:21:36 PM
 #790

Because they take decision according to risk-wise. That's why they are more likely invest in gold or silver instead of cryptocurrency.

↽━━━━━━━━  BX.BET ━━━━━━━━⇁
↼━The Decentralized Betting Exchange━⇀ (https://bx.bet/en/)
Colt81
Sr. Member
****
Offline Offline

Activity: 337
Merit: 250


WPP ENERGY - BACKED ASSET GREEN ENERGY TOKEN


View Profile
September 11, 2018, 02:32:45 PM
 #791

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?

Minerals are one of the pioneers of trading, these are one of the reasons why trading many centuries ago was practice and genuinely spread out all over the word and we can say that until now this is one of the best way to increase your money less effort but effective enough to obtain desirable amount of return for your investments. Gold and silver become more expensive more than we think that it can do and it actually done by most of our ancestors which we exbit up to this century.

﹏﹏﹋﹌﹌ WPP ENERGY ﹌﹌﹋﹏﹏
≈ WORLD POWER PRODUCTION ≈

██████████████████████
██████████████████████████████
██████████████████████████████████
████████████████████████████████████████
██████████████████████████████████████████
██████████████████████████████████████████████
███████████████████████████████████████████████
██████████████████████████████████████████████████
████████████████████████████████████████████████████
█████████████████████████████████████████████████████
████████████████████████████████████████████████████████
██████████████████████████████████████████████████████████
█████████████████████████████████████████████████████████
███████████████████████████████████████████████████████████
███████████████████████████████████████████████████████████
████████████████████████████████████████████████████████████
████████████████████████████████████████████████████████████
████████████████████████████████████████████████████████████
████████████████████████████████████████████████████████████
████████████████████████████████████████████████████████████
████████████████████████████████████████████████████████████
████████████████████████████████████████████████████████████
██████████████████████████████████████████████████████████
██████████████████████████████████████████████████████████
███████████████████████████████████████████████████████
██████████████████████████████████████████████████████
████████████████████████████████████████████████████
██████████████████████████████████████████████████
████████████████████████████████████████████████
██████████████████████████████████████████████
██████████████████████████████████████████
████████████████████████████████████████
██████████████████████████████████
██████████████████████████████
██████████████████████
pinot95
Newbie
*
Offline Offline

Activity: 70
Merit: 0


View Profile
September 11, 2018, 02:54:14 PM
 #792

Because between us and they have gap about generation  Grin Grin Grin
In fact, older people always have a lot of worries and I do not think they are interested in investing in Crypto because they are afraid because Crypto is so new and it's like a virtual thing, they can not see it and can not handle it. In addition, Bitcoin have a huge risk and it is not valued by any model and fears that this is a psychological game.
I have met many old people and I told them about Bitcoin, as a result I was scolded for daring to believe what the internet said, oh my gods @@

Gold and silver are the most secure for them since it is the all time sure money back and traditional way of investment. It is real can physically available that can be use anytime you like. A fashion and always ready for anything if you need money to use because you can sell it or pawn in a very reasonable price.
aris av
Newbie
*
Offline Offline

Activity: 203
Merit: 0


View Profile
September 11, 2018, 03:32:50 PM
 #793

Older people like to invest in gold and silver because the price of gold and silver continues to increase with the passage of time, and for crypto currencies the value cannot be ascertained because it depends on the market. Obviously parents don't like risk.
Ayencyet79
Newbie
*
Offline Offline

Activity: 135
Merit: 0


View Profile
September 11, 2018, 04:51:52 PM
 #794

Cryptocurrency in my opinion is a digital asset, just like gold but in digital version. When they (older generations) know of this concept, I believe many will switch to this digital platform. Now they see it not as a secure platform yet, and it is very human when they don't want to use this platform.
Elseye
Full Member
***
Offline Offline

Activity: 336
Merit: 100


ApolloX


View Profile
September 11, 2018, 05:26:59 PM
 #795

Well, they judge by their experience and it is reasonable for them. If I were them I'd do probably the same thing. Many people just don't understand how crypto works.

kenel
Sr. Member
****
Offline Offline

Activity: 496
Merit: 250



View Profile
September 12, 2018, 05:19:50 AM
 #796

the answer is simple. people are used to investing in what they can touch, feel and keep at home. bitcoin for them non-existent numbers on the monitor screen

     ▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄
     █▀█▄              █▀ ▀█▄
     █  ▀█▄          ▄█     ▀█▄
     █    ▀█▄       █▀         ▀▄
     █       █▄   ▄█             ▀█▄
     █         ▀▄█▀                ▀█▄
     █          ███▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀█▄
     █         ██▌ █▄                ▄█▀
     █        █▌█▌   █▄            ▄▀
     █       ▐▌ █     ▀█▄       ▄█▀
     █      ▐█  █       ▀█▄   ▄█▀
     █      █  ▐█         ▀█▄▀
     █     █   ▐▌           ▀▄
     █    █   ▄▀ ▀█▄▄         ▀▄
     █   █▀ ▄█       ▀█▄▄       ▀▄
     █  █▌ █▀            ▀█▄▄     █▄
     █ ▐▌▄█                  ▀█▄▄  ▀█▄
     █▐██▀                       ▀█▄ ▀█▄
     ██▀                            ▀▀███
     █
.
RATEONIUM

GLOBAL BLOCKCHAIN BASED PRODUCT
██  ██
SERVICE RATING PLATFORM
██  ██

Twitter       Telegram     Reddit
█ RATE █    █ TRADE  █   █ INVEST █
avarnet
Sr. Member
****
Offline Offline

Activity: 448
Merit: 250


PlayGame.com


View Profile
September 12, 2018, 05:31:45 AM
 #797

because gold and silver investments are very safe from the name hackers and good if used as investment or long-term savings. because the price of gold and silver is getting more and more expensive, so most investors if they get older then the money he has will definitely invest in gold or silver.

████████████████████████████
████████████████████████████
█████▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀█████
█████                  █████
█████                  █████
█████      ▄▄▄▄▄▄      █████
█████      ██████      █████
█████      ██████      █████
▀▀▀▀▀      ▀▀▀▀▀▀      █████
                       █████
                       █████
▄▄▄▄▄      ▄▄▄▄▄▄▄▄▄▄▄▄█████
█████      █████████████████
█████      █████████████████
PLAYGAME.
▄█████▄
██▀ ▀██
██   ██
██   ██
██   ██
██   ██
██   ██
██   ██
██   ██
██
██
██   ██
██   ██
██   ██
██   ██
██   ██
██   ██
██   ██
██▄ ▄██
▀█████▀
.
▄█████▄
██▀ ▀██
██   ██
██   ██
██   ██
██   ██
██   ██
██   ██
██   ██
██  ▄▄▄▄▄▄▄
██  ▀▀▀▀▀▀▀
██   ██
██   ██
██   ██
██   ██
██   ██
██   ██
██   ██
██▄ ▄██
▀█████▀
.
.
.
.
▄█████▄
██▀ ▀██
██   ██
██   ██
██   ██
██   ██
██   ██
██   ██
██   ██
▄▄▄▄▄▄▄  ██
▀▀▀▀▀▀▀  ██
██   ██
██   ██
██   ██
██   ██
██   ██
██   ██
██   ██
██▄ ▄██
▀█████▀
.
▄█████▄
██▀ ▀██
██   ██
██   ██
██   ██
██   ██
██   ██
██   ██
██   ██
 ██
 ██
██   ██
██   ██
██   ██
██   ██
██   ██
██   ██
██   ██
██▄ ▄██
▀█████▀
Medium
Twitter
YouTube
jaaeeeyyyy
Full Member
***
Offline Offline

Activity: 406
Merit: 101



View Profile
September 12, 2018, 07:16:20 AM
 #798

Older people like investing in gold because they have invested in gold before and they feel comfortable with gold and maybe they don't want to be too bothered with the risks involved in crypto
I agree with this. There has a big difference in the generation where as they are used in using as a form of investment in which for them it is safer, less risk and they are sure about it. They are not yet introduced to the world of technology that is why. In connection to the technology, it is what people's future that is why the generation of today loves using it.

ridertiger
Full Member
***
Offline Offline

Activity: 378
Merit: 109


Reddit moderator: u/vincent_lionheart/


View Profile WWW
September 12, 2018, 07:24:06 AM
 #799

That is because whenever there is a war or something that is troubling the economy, gold increases in value. You can never replace gold with paper but now that we are in the computer age Bitcoin is more valuable than gold.

bonammeo
Newbie
*
Offline Offline

Activity: 28
Merit: 0


View Profile WWW
September 12, 2018, 07:48:23 AM
 #800

Before the bitcoin came out, people thought gold was the rarest thing. So older people have more faith in gold than bitcoins. The second reason is that investing in gold is less risky than bitcoin. Finally, the previous generation had little knowledge of technology, so access to bitcoins became more difficult for them than for young people.
Pages: « 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 [40] 41 42 43 44 »
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!