Why do older people like investing in Gold/Silver?

[joebrook]

I think it's related to the risk vs return. Gold "Investment" is an "investment" with very low risk. I use quotes because gold is more of a hedging tool, not an investment tool. They will be more risk-averse as they get older, this is because they cannot recover from the investment losses like when they were young. While when we were young, we tend to be more risk-taking, because we can work harder to recover our losses.

I agree with your stance. Gold and silver have low risks as an investment when compared to other investments and i include Bitcoin in such investments as well. The older generation are not willingly to take risks and are comfortable of making small returns on their investments.

[Gheka]

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?

In my own opinion, there are a lot of older people today who are not updated about the technology and some of the does not know about cryptocurrency but if they learn about how bitcoins can make you rich by trading then obviously they will choose cryptocurrency more than gold.

i think not like that, parents have limited thinking about technology, so they are hard to learn bitcoin, they prefer gold because it has been trusted since the first, so no need to learn more about the investment

Most older people always carry only traditional thoughts, their era does not have too much information related to technology, their access to technology is very rudimentary and limited, so we can not deny the past has affected their investment decisions in the future. In their eyes, gold or silver is an investment that can increase over time and without disappearing, it's too safe to accumulate and it can help a whole generation of them in the future, this thought is also true but it is not suitable for young people, young people always use so much technology and they realize more products that have more potential than gold or silver

[Satosho Kakamolto]

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?

Just 5000 years of human history during which precious metals has always kept their value, while ALL forms of money invented by humans have sooner or later failed and have disappeared.
Now do you perhaps see a reason?

[qwertyup23]

I think it's related to the risk vs return. Gold "Investment" is an "investment" with very low risk. I use quotes because gold is more of a hedging tool, not an investment tool. They will be more risk-averse as they get older, this is because they cannot recover from the investment losses like when they were young. While when we were young, we tend to be more risk-taking, because we can work harder to recover our losses.

Just to add, not to generalize older people but they tend to stick to the conventional/traditional way of doing things as they are resistant to change. For example, some old people ignore the use of gadgets and other technology since they find it confusing, whereas what they are currently doing is more technical and difficult from our perspective. Lastly, cryptocurrencies can be considered as an investment alternative which is 'high-risk high reward' and most old people stick to low risk type of investments. Although this may vary relative to each individual, but I based this primarily on experience and data.

i think it  is because they see gold and silver  as a precious things that has great values , so the will like to invest in it more than any other things ,so that they can get something precious like it.they appreciate gold and silver it give's them joy.

cryptocurrency in theory solves many problem that gold solved as well,but has not being tested in crisis like the gold do and come out successfully.

What makes gold and silver distinct from other investment alternatives is that it contains this innate value on them- which is made from precious materials. Unlike stocks, cryptocurrencies, and bank notes (although they are made from paper), the market of gold and silver tends to be less-volatile.

[Whitly]

I think, because most of them are just afraid of something, that can happen with economics in future and that's why they trying to invest in the non-state-issued asset, what about bitcoin and other cryptocurrencies, not everyone ready to learn something new. Plus as most of them can see from charts bitcoin and other cryptocurrencies, not so stable as gold for example.

[Finestream]

I think it's related to the risk vs return. Gold "Investment" is an "investment" with very low risk. I use quotes because gold is more of a hedging tool, not an investment tool. They will be more risk-averse as they get older, this is because they cannot recover from the investment losses like when they were young. While when we were young, we tend to be more risk-taking, because we can work harder to recover our losses.

I agree with your stance. Gold and silver have low risks as an investment when compared to other investments and i include Bitcoin in such investments as well. The older generation are not willingly to take risks and are comfortable of making small returns on their investments.

Right.I also think that older people cannot totally adopt the fast changing technologies that the world has today so they would just settle in their old trend wherein they are used doing it.And yes,they will no longer want to take risks just like the millenials nowadays because the older age has made them weaker already.

[pitiflin]

Isn't it obvious as fuck? There was no technology back then, hence no crypto. The exchange system was horrible (the bretten wood system and the fixed exchange system). The great depression of 1929 fucked up the stock market. Only thing left was gold and silver, used in the exchange system, so they were priceless at the moment. And also because of fucking shitload of superstitions.

[maaydin]

I believe that they are used to them and believe that precious metals are more safer investments as their prices barely fall too much. So this may be the main reason I guess, to be stable.

[zoeylee]

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?

In my opinion, older people like to invest gold and silver it is because it really has a value. Its not too risky, the older the gold and silver are it has a bigger value.

[emmainhouse]

People prefer to invest in gold because his price never goes beyond their expectations. The price is stable in a long term.

[miltonpogi]

Gold is the easiest way to have an investment that doesn't give a high risk, this make sense cause older people feel them more comfortable as they face many problems regarding to there health, a side from that, they are no longer aware in cryptocurrency that has many portions about technology, so they rely in the cultural way of making some profit which they first see in there era. In times of emergency this metal can easily sell in a high price that many currencies weakness, this precious metal also are investment that can pass into there offspring  with continues value from time to time, aside from gold lands/soil plays the same act.

[ejandjm18]

For me, Older people like to invest this precious metal because it is a long term investments. According to them, in case of emergency they can easily sell this precious metal. And aside from that, this precious metal will multiply the price depends upon the economy hike, i had an example and experience for this because my mother bought this kind of precious metal i think it is a decade after she bought one, and now we try to pawn it to check the current price and it is tripled the price she bought before.

[victoryana]

Bitcoin dependence is highly dependent on the fact that electricity prices in Vietnam are an average country in terms of electricity prices, so it is also an ideal place for condoms to conceive of them.

[Nick Abimanyu]

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?

One of the reasons is that its value is always stable even higher than with medium or long-term investment. Along with growing the economy of the world, the value of gold also helped increase. Because, if we save money in the bank over time our money will be reduced because of administrative costs, interest taxes, other costs, interest rates are limited and low. While investing in other institutions will be charged for brokerage services, taxes, administration and so on.

[Macai]

Yes, they do because they have been there in history.. they knew how valuable gold and silver are they are big assets if you have them. so older ones value this gems so much.

[raidarksword]

Gold and silver are natural resources it means their values stay the same even if how many years may past and it gives them a real profit if they sell what they have. They may also considered it as a treasure to them. Unlike on bitcoin it fluctuates a lot and prices are not uncertain as years go by as well as the market's concern.

[Aleth]

they do value all these kinds of metals due to their background, before you are so rich if you have a piece of them. And even now, we see them still investing in those by having so much jewelries in their banks. For them these metals are very valuable to them.

[Bezobraznike]

they do value all these kinds of metals due to their background, before you are so rich if you have a piece of them. And even now, we see them still investing in those by having so much jewelries in their banks. For them these metals are very valuable to them.

   Old people like to feel money in their hands. Most of them don`t like credit or any bank card, they
don`t use internet or they do very little.
   Old people will die soon, at least sooner then young people. This sounds rough, but it`s true! New,
younger generations that are growing are more in technology, I see 2 years old kids with tablet in their
hands all the time. Just a little older kids knows how to use them more than their parents. When this
kids get`s older they will adore Bitcoin and Internet more than gold and riding a horse, maybe not so
smart compare, I wish to say that younger generations are all about technology.

[mkhadazz]

I think at this time very many people who prefer gold or silver investment because I think gold and silver already exist in the world for very long and already very many people who know gold or silver so they are more comfortable to invest there and do not dare to invest in new coin like cryptocurrency.

[costanos02]

Older people like to invest in gold and silver because the price of gold and silver keeps increasing as time passing by, their price keeps on increasing and never go down, unlike bitcoin the price keeps changing everytime. Older people don't like unstable type of investment.