Why do older people like investing in Gold/Silver?

[iged_war]

Maybe this is because they already know more about gold and silver than with between digital money like altcoin and bitcoin this and again the change in price of gold and silver is more stable than the price change of bitcoin and altcoin members are very volatile

gold and silver price actually have same high volaitlity.it can move up and down like bitcoin does.bitcoin and commodity have same risk and profit.it is just about our knowledge while want to choose one of them,

[btcdevil]

Maybe this is because they already know more about gold and silver than with between digital money like altcoin and bitcoin this and again the change in price of gold and silver is more stable than the price change of bitcoin and altcoin members are very volatile

gold and silver price actually have same high volaitlity.it can move up and down like bitcoin does.bitcoin and commodity have same risk and profit.it is just about our knowledge while want to choose one of them,

NO you are wrong gold and silver price now not so high volatility like bitcoins and more over if you are in emergency of fiat currency need then anyone will give you loan against gold and silver immediately anytime 24 hrs but for bitcoin you have to find the exchange and user to buy and even the price should also be good to sell. So this is the main reason why more users are investing in gold and silver.

[dark1234]

1. maybe because they are more familiar with and understand about precious metal
2. a very proven and legitimate level of security by the world government
3. Their minds may have been weak that can not be too active
4. precious metal in the form of decoration can be used everywhere

[ahmad21]

Maybe this is because they already know more about gold and silver than with between digital money like altcoin and bitcoin this and again the change in price of gold and silver is more stable than the price change of bitcoin and altcoin members are very volatile

gold and silver price actually have same high volaitlity.it can move up and down like bitcoin does.bitcoin and commodity have same risk and profit.it is just about our knowledge while want to choose one of them,

NO you are wrong gold and silver price now not so high volatility like bitcoins and more over if you are in emergency of fiat currency need then anyone will give you loan against gold and silver immediately anytime 24 hrs but for bitcoin you have to find the exchange and user to buy and even the price should also be good to sell. So this is the main reason why more users are investing in gold and silver.

Gold and silver are being used a form of investment or a store of value since a really long time. They have kind of created a strong faith and trust among the public. Therefore people feel safer while investing in such precious metals. Especially in case of older people, I guess they didn’t had such a great choice of making investments which we are having right now. Some are probably unaware of new forms of investments and some are unwilling to shift despite knowing about it.

[The Sceptical Chymist]

People who were adults back in the day probably remember the gold standard, and you'll still hear people in their 70s and above talking about how we should go back to that.  That's a foreign concept to most young people.  The older generation see the crazy amount of money printing and realize that wouldn't have been possible if money were still backed by gold.  I think that's the main reason.

The other reason is one I hear from precious metals shills all the time:  metals are something real, won't go to zero, have low volatility, and provide a hedge against inflation.  I don't know if they're all that good a hedge--it all depends on when you bought gold or silver.  As I've said before, people who bought silver at the very top in 2011 are still underwater by a LOT.  I do think metals have a place in one's portfolio, but I don't think they're useful for the average working class person.  At the present, we're not in a hyperinflation situation even though many fear that.  It kind of makes sense to invest in something that's going to give you a greater rate of return, and metals are not likely to do that.

Till today, in some parts of the world, hardly will you see a judge who have spent like 25 years on the bench know how to use a computer or send emails.

That's just not true.  I think that's especially not true for an experienced judge.  There may be judges like that, but that's not the norm.

[Squa7ch]

Yes. Gold/Silver are less risky. Also some people think that we can't run out of stocks  but one day we can run out of gold and silver. On those days, gold/silver will be very valuable which makes the prices higher than they are today.

[Dimon8]

Elderly people often distrust innovation and technology, most of them adhere to conservative views. Gold is an investment that has been tested for centuries.

[Tungsten-1]

I think they see these as the real asset that do not depreciate with time, so they feel more secure about it. And their generation is use to the gold and silver as been the real valuable asset of security.

They use to live with it so they think investing with golds and silver can make them more profitable and of course some of them still don't know how to use our latest technology. Older people always love to feel their investment and since gold is really attracting they tend to buy more of that.

Yes the old they are the same their thinking will be, so I think it is time of young generation but our old people has not been ever with the new technologies, for them the only well trusted investment is bitcoin, so I think we should inform them about eth new technologies so they will surely love it, so try to make your oldies aware of bitcoin so they will be able to make good investment for their children and grand children as from of bitcoin.

[Vs225655]

Look at the price of gold over the past 10years. It made a name for itself. All states hold their reserves in gold and are calculated among themselves by gold. It is a stable investment. And in the securities as well as in the cry, you're like a casino)))

[Slash61]

There are two possibilities between different generations and do not want to bear excessive risks because they do not want their old age not always lucky with price uncertainty, with in this year of glory for today's technology many older people do not understand the technology that exists today because they do not want to have headaches and just want to enjoy old age just to relax, work and invest with gold because it will always keep their fixed value, so do not be surprised if they strongly believe in his son to be more advanced to follow the present trend.

[3acaga]

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?

Why? Yes, because they grew up on a dream that involves accumulating money in gold and silver.
We see with you the accumulation of financial means of the future in bitcoin.
It is possible that in 20 years our children will see the future in other innovations ...

[Maestro75]

People will invest in what they know and trust. And I believe that is why old people invest in precious stones because they think it is a more stable and established investment that has come to stay, unlike the cryptocurrency which is still a 50-50 chance thing.

[dewildance]

As the age increases, the risk of people taking risks decreases. For this reason, older people tend to be more guaranteed investments.

[Chacon994]

I think gold and silver are extremely safe and of great value after many years. These are the ingredients used to make jewelry

[Initscri]

At the end of the day, gold will always be valuable, regardless of the status of the economy. There have been many investors explain they don't invest in gold, such as Warren Buffet, etc - and they have a point. If you want strong returns, with valid risk, then you invest in stocks, BTC, etc.

But I'm sure every relatively smart investor has their hand somewhat in gold, as it's one of the most safe investments you can buy. Not much risk (unless a planet/location is discovered w/ a large amount of gold, which is somewhat a low risk).

[tranduc2101]

Very simple. Because gold and silver are government-recognized assets that are legal. Gold and silver are also controlled by the government, so older people like to invest in gold and silver

[soname12]

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?

As far as I know, most older people do not like Bitcoins. Because they are afraid that Bitcoin is a scam, so they want to buy gold and silver than buy Bitcoin

[mimienamphine]

Gold and silver investments are the investment method the older people were taught during their young age days.So many of them at this point still believe in the old ways than any modern form of investment which cryptocurrency is part .Many older people do not even want to learn many things about the internet how then will they invest in any thing that has to do with internet.

[rez303]

Gold and silver investments are the investment method the older people were taught during their young age days.So many of them at this point still believe in the old ways than any modern form of investment which cryptocurrency is part .Many older people do not even want to learn many things about the internet how then will they invest in any thing that has to do with internet.

Not only older people want to invest in gold and silver. I myself also want to invest in gold and silver because we can not know when the market will fall

[Lorence.xD]

Because they are more likely to see that their investment is definitely not going to be a scam. Bitcoin investment in metal product investment such as gold and silver is different. Bitcoin is a digital currency available in many ways, gold and silver have a stable price and price increases depending on demand and supply like bitcoin. More than the bad news that spreads today affects bitcoin so they prefer to invest in gold and silver.

  Its been a traditional investment by oldest to invest in precious metal or solid asset. But with the entry of crypto digital trading in the market, change the out look of general market atmosphere. As crypto trading market or the  Bitcoin is getting a lot of attention, with the news, issues on Banned, Scammer, Hacking and the issue s on Regulation by the financial institution whom critical on crypto, does affect the total trading market or the behavior of older people to invest. But, we can see the participation of old investor in the trading mnarket.