Why do older people like investing in Gold/Silver?

[Ailmand]

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?

I think it's simply because they have known that it's a valuable asset that does not really change in value significantly. Since they are more accustomed to that asset, then they are also more comfortable with having that as a back up plan whenever they need they easy money or an asset to exchange for money for whatever purpose. I think that can be compared to how people view fiat money, since it's a more established kind of currency, some, especially the older generations are more used to holding it than the newer plastics or cryptocurrency that most younger generations use these days.

[Initscri]

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?

I think it's simply because they have known that it's a valuable asset that does not really change in value significantly. Since they are more accustomed to that asset, then they are also more comfortable with having that as a back up plan whenever they need they easy money or an asset to exchange for money for whatever purpose. I think that can be compared to how people view fiat money, since it's a more established kind of currency, some, especially the older generations are more used to holding it than the newer plastics or cryptocurrency that most younger generations use these days.

I think the primary word in that paragraph is "backup plan". Needless to say, if s**t hits the fan, gold is a very good asset to be holding.

What I don't understand is people who buy gold through things like ETFs or other market investment tools. Gold's investment purpose is, as crazy as it is to say, more or less based on doomsday effect. If markets crash, or even worse... good luck selling that ETF in time.

[frickshow]

Its not about old people or new...

People usually dont like change... Change is difficult as it will require them to learn, and with time people stop learning or reduce the amount of time needed to remain uptodate with latest investment opportunities, etc.. Hence, we younger generation feel that older people like investing in Gold / Silver...

May be one day my grandchild will say " My grandfather is gone mad... He just invests in Bitcoin and is not even looking at other investment opportunities out there

[xbl1008]

because in their time they are strongly influence that gold and silver are good investment up to now its still a good investment because we are using a lot of gold and silver in our electronics and its always been a safe haven of assets rather than keeping it in the banks it appreciates its value over time.

[Nunoluck]

Guarantee profit for long term investment, thats is the main reason. Actually thats is the best way of saving wealth. While fita price is fall because of inflation but gold and silver price are tend to increase. No big risk in it if they know how to save it. Need at least two years to earn profit in gold and silver investment.

[Blackrain13]

   Because older people are much familiar with gold and silver than bitcoin. Gold and silver already exist since their young age while bitcoin was just created last 2009 and become famous and valuable in this new generation. Older people can't adopt easily the new and modern technology we use to invest in digital currency. It is difficult for them to understand and take the risk in investing in crypto.

[cydrix]

As you may also know precious stones can rack up money through time. Every other time stones or gold can raise it's price based on rarity and scarcity. These elements can be used in mamy ways one example just coating something with gold even normal things can be expensive just by coating it with gold.

[Indrawan77]

Precious metal is a very good long term investment, the price is more stable and the price won't be drop to zero, and it can be used every where, precious metal also can be used in other shapes like become jewellery or ornaments, so it got many usage, the older generation who loves stress free investment they will choose the gold or silver, the rising is slow but the demand is always high, easy to sell and the profit is stable

[CASTIEL05]

They want gold and silver because they grow with the fact that this metals have great value. They don't attach in cryptocurrency because they don't care of its existence. There is a gap between millennial people than the old people. In fact, technology gives a gap between this two ages. Precious stones are really important, they treat this as the most valuable thing in this earth.

[burnchan]

I believe they are investing on precious metal because it is a stable investment. older people doesn’t want to take risk. Also, they have lesser interest in the technology. Cryptocurrency needs to be studied thoroughly before making an investment and it is riskier that investing in preciouse metals. Younger generation are mostly risk takers because they have a lot of time to cope up if a certain investment fails.

[tiurminator]

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?

Not only older people because people use precious metal as a jewelry.  So you invest at thing you can use and the price is always going up, slowly but sure. 

[squog]

Well, investing on precious metals have been a trade since forever. Butnif you think about it, these metals don't actually do anything except as decorations. Well there is a demand fornit in electronics but that is very recently. It's weird that some currencies are actually backed up by lumps of decorative stones.

[liseff3]

Maybe investing in Gold / Silver is not too risky, as older people are more easily stressed and panicky, so they are looking for a safer alternative/investment solution, which means far from the risk of loss.

[cityhall]

Even Millennials still in doubt when investing in crypto.  If you invest in gold/silver, at least you can see and hold it in your hand.  When buying crypto, all you can do praying nothing happen with internet, your computer or flashdisk.  That is a hard thing to elder people.

[gambitcoin53]

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?

maybe they are not comfortable with the digital world, they are old schoolers and too careful trying new things and considering cryptocurrencies are too advance for them, they rather invest in precious metals, tangible assets are more welcome to them, they see crypto as unstable and volatile than gold and silver, they are more open to long term investments like jewelries, gold coins and other relic kind of investments.  

[HolderLoo]

In fact, people in previous generations or older people have a habit of investing in what is real, close to their lives. In part, they are less likely to be exposed to more difficult online forms of investment (including awareness and the environment)

[timerland]

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?

I think that most people buy precious metals as a long term store of value.

And obviously, there is some point to it. Both silver and gold has been used as currency and have proven to be good store of values throughout history, while fiat currencies have depreciated. Your observation of older generations more likely to invest in these assets could well be because they've actually seen these precious metals be used as currency and they see it as "money" itself.

Also, with gold and silver there is pretty much no counterparty risk which is something that you don't get with company investments. But then again, I think that bitcoin would be a much better investment to make right now.

Obviously being a permabull in anything isn't a good idea, nor is it in precious metals. I think that putting all your wealth in precious metals is pretty much a stupid thing to do, but right now, prices seem to be bottoming out for silver and gold and they may be worth a buy.

[squatz1]

Thats closely true fact as I have seen my parents doing that all the time. They always try to buy gold whenever the prices for them are dipping a little.

Well they are now old and they have seen the gold pricing at half of what it is today! So they believe in its continuous growth and who would agree upon that.

I have also read one article where it does mention that the Gold rate always increase by around 7-9% each year and its so true this year as well since the gold prices has soared up a lot.

May be they have seen the real profits (and stable) thats why they invest in it.

I mean I do see this, and there has been growth in gold over the years. But none of this growth is even close to comparable to the stock market (in the United States) over that same time period. If you are to compare the growth of Gold from the 1980's to the growth of the stock market, you're going to see that you could have made a SHIT TON more if you were invested in the stock market through that period.

The market increases at that same rate by the way, averaged overtime of course.

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?

I think that most people buy precious metals as a long term store of value.

And obviously, there is some point to it. Both silver and gold has been used as currency and have proven to be good store of values throughout history, while fiat currencies have depreciated. Your observation of older generations more likely to invest in these assets could well be because they've actually seen these precious metals be used as currency and they see it as "money" itself.

Also, with gold and silver there is pretty much no counterparty risk which is something that you don't get with company investments. But then again, I think that bitcoin would be a much better investment to make right now.

Obviously being a permabull in anything isn't a good idea, nor is it in precious metals. I think that putting all your wealth in precious metals is pretty much a stupid thing to do, but right now, prices seem to be bottoming out for silver and gold and they may be worth a buy.

i just see a problem with the reasonsing, as people are using it as a 'if the world goes to shit' currency. When the only currency that's going to mean anything during a 'if the world goes to shit' is going to be food, water, other supplies, and defenses.

Maybe investing in Gold / Silver is not too risky, as older people are more easily stressed and panicky, so they are looking for a safer alternative/investment solution, which means far from the risk of loss.

i mean, there are so many other safer investments, Investing in gold/silver is like investing against the stock market.

[nicster551]

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 they rather invest to a thing that they truly understand. But I know when other will understand crypto then that is the time they will start to invest in it like us.

[fortnite]

 The answer is in question , because older people don't understand technology and they do not have any idea about what cryptocurrency is? , that's why in older tactics ,culture and tradition makes that they invest in gold/silver. But it is good to invest also in gold , because every day gold is increasing or decreasing , there will be time that all gold/silver investers will gain so much