Why do older people like investing in Gold/Silver?

[Roboabhishek]

To protect their savings they began to buy gold and silver economists have repeatedly stated that gold loses its weight in the world. But they contradict themselves. After all banks in all countries retain their reserves in gold. Perhaps they are sure that even if all the currencies of the world will depreciate precious metals will be in demand.Therefore the older generation is confident that investment in gold and silver makes sense

[kidd07]

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?

Some of the older people want's to invest their money in gold and silver because for them gold and silver is very precious interm of price value specially whe they hold them in a long time. And not all of them has an update about bitcoin, some of them did not really know about bitcoin that's why they focus their investment in gold and silver.

Older people like investing to gold/silver, since we all know from the ancient times that gold/silver are the most popular for exhanging of goods. They consider it as a very valuable assets until now. Still the value of both gold or silver are keeps growing and it is good to keep it as an investment.

[uchechiboy]

It is because the cherish gold  and silver. Gold and silver has been existing for long time,  and also it is very popular.they also consider it as a valuable asset.  Even now we all knowS that the value of gold and silver is high, so it keep growing, and they found out that it is good to keep it as and investment .

[tonysitaly]

Because investment gold and silver are less risky investment than other investment markets, it is well understood that older people usually do not want their own cost to receive losses.

[bubble pop]

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?

To ensure their investment funds they started to purchase gold and silver financial analysts have over and again expressed that gold loses its weight on the planet. In any case, they negate themselves. After all banks in all nations hold their stores in gold. Maybe they are certain that regardless of whether every one of the monetary forms of the world will devalue valuable metals will be in demand.Therefore the more established age is sure that interest in gold and silver bodes well

[pvanh80]

I think it has been the best way to save and hodl the value of their money through lifetime. Also, it is a traditional habit as well. For example, my grandparents use all their saving money buy Gold and when they passed away, they splited their gold into different parts and gave those to their children.

[tukagero]

I think because older people believe that investing on gold is more stable enough rather than investing on bitcoins.They do not want to take some risk on what they believe to be a not so safe business.

[patrickj]

For me, they think for assurance benefit for long run venture, that is the primary reason. As a matter of fact that is the most ideal method for sparing riches. While fiat cost is fall due to expansion yet gold and silver cost are tend to increment. No enormous hazard in it in the event that they know how to spare it. Need no less than two years to win benefit in gold and silver venture.

[nikolabt]

They think traditional way and thus support such investment options. We should not force them to invest in crypto.

[xuzukami]

because the gold market, silver is stable. They will hold the person, the price of gold is less volatile. So I think they like that more.

[Sled]

For me, they think for assurance benefit for long run venture, that is the primary reason. As a matter of fact that is the most ideal method for sparing riches. While fiat cost is fall due to expansion yet gold and silver cost are tend to increment. No enormous hazard in it in the event that they know how to spare it. Need no less than two years to win benefit in gold and silver venture.

I agree with that. Assurance is the main thing why they prefer to invest in gold or silver because they know that in the future, gold and silver will still exist and the value will be higher because it will have a fewer resources to create things with gold and silver and as the supply goes down and the demand goes up the value goes up.

[cunese]

The investment of old people is low risk investment, they are afraid of losing money, so they usually choose low risk silver and gold.

[berfanaf]

I think older people are calmer when they can hold their investment in their hands and put it under a pillow. They are so calmer.

Older people should realize now that the modernism is spreading very rapidly and most of high profits are here in the technological sources. Now they have to come out from the traditional zone and should enter into the modernism which will affect their lives greatly in better direction because it is easy way and does not require your hard work but your knowledge and decision.

[TheGreatPython]

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?

Yes I have also noticed that, but I think that is what was trending during their own time, so they continued it to today cause it is a trusted store of value. When I wanted to start investment for the first time, I met an old man and he introduced to me what they call Bitgold. It was an online platform where you can invest your money in gold and save it too. But I never liked it cause I wasn’t making any profit from it. Then I discovered Bitcoin and went for it.

[fabrizoc]

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 trust that when a man becomes after a specific age constrain, he begins losing his ability of working and gaining cash that outcomes in the move in his approach towards speculations. He begins modifying his ventures with a cautious approach in his psyche because of absence of ability to fabricate more capital later on. With regards to Gold/Silver, it is one of the most seasoned and henceforth secure methods for contributing riches as indicated by the vast majority of us.

Gold is tangible and can be used anytime anywhere in the world.it is just like cash money and need no dependents. On the other hand cryptocurrency is intangible and cannot be seen. Old people do not believe in such currency. It is internet base and if internet stops all your money gone. Cryptocurrency is very risky while gold is reliable and there is no risk in holding it.

[Mariela]

We all know that majority of older people have no idea what is the modern technology today including Blockchain technology .
They only know is gold and silver which is their tradition.

[Altf4]

The older people like investing in gold and silver , because this a heridetary practice from their ancestors that ,if you have a good supply of money ,you must immediately buy gold  or silver for investment keeping ,because it will used in the future, or continue to be asset , this is what older people learn from their parents , so they even used this in the modern world.

[Vishnu.Reang]

Older people still remember how the inflation problem was made worse by the government, by printing banknotes without any limit. So they trust only those assets which are protected from inflation. Bullion metals such as gold and platinum are some of the few available options. 

[deadthings]

Maybe the main reason is the sentiment to old times. Once it was the most valuable thing in the world, the best was the fact that it is a physical thing that you can take to the hands, in the case of crypt currency is completely the reverse

[troBelx]

hey are scared because Crypto is so new and it's like virtual stuff, they can not and they can not handle it, they are now old and they have seen the price of gold in half of what it is today! So they believe in continuous growth and who will turn it on.