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Author Topic: Why do older people like investing in Gold/Silver?  (Read 5205 times)
XpanderaX
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August 26, 2018, 05:00:22 PM
 #601

Maybe they think investing in Gold and Silver is safer compared to investing in Cryptocurrency. And that is true, even though the surge in Gold and silver prices cannot be like a Crypto Coin surge, but when the price falls Gold and Silver is not like Crypto Coins, obviously they are safer.
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August 26, 2018, 05:28:56 PM
 #602

Older generations want to invest in gold and silver because they know about these metals. It has no risk for takers. Old people don't know about digital currency today yet. So they are not interested in crypto invest. They think gold, silver and older metals are good for takers because these metals use all people in the world. Universal it will use all countries people.
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August 26, 2018, 06:45:45 PM
 #603

I think They are not adopting new technology yet. there can be other reason also Their education level, Trust on gold amd silver because they have traded in it from decades. So trust factor is applied there. They may not want to take high risk on their capital that's why they prefer gold/silver over cryptocurrency.

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August 26, 2018, 07:07:07 PM
 #604

The dollar was also backed by gold. Gold is universally recognized as having implicit value and almost every culture preferred it except for the Circassians that would rather have weapons and horses. I guess because of the environment being hostile. Also there were times when silver was worth more than gold and that vikings valued silver more. It is more of a generation thing, and our bitcoin is our gold for the millennial.
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August 26, 2018, 07:35:53 PM
 #605

Probably these are among the precious metal even at the early ages.  The values does not depreciate and it continues to rise up in time.  Gold and silver are best in investing and could easily pawned if you need emergency cash for emergency use.  This is probably why most people of older ages prefer these to invest with.
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August 26, 2018, 08:06:20 PM
 #606

Gold/Silver has being in existence for decades and it has being  proven as a valuable property to invest in with good return on investment, The risk level is low as you can decide to keep in case the price is down, therefore it pays the older generation to stick to what they are use to, that has being trusted,unlike cryptocurrency that is an online investment  community.
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August 27, 2018, 05:13:17 AM
 #607

I think the reason why parents prefer to invest in gold / silver one of them is due to technological factors, parents are not familiar with technology and they believe that the price of gold / silver will rise along with the changing times, although there are now various kinds of investments, especially in cryptocurrency but parents believe in gold whose purity will not be lost.
Madara_Uchiha
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August 27, 2018, 07:34:00 AM
 #608

Because investments in gold and silver are the most reliable investments of all.
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August 27, 2018, 07:35:35 AM
 #609

Crypto currency is also a good investment, but only for those who understand the crypto-currency market.
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August 27, 2018, 08:02:10 AM
 #610

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
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August 27, 2018, 08:03:27 AM
 #611

Because personally, in my experience, gold does not fall in price, but only grow, so it is very profitable.
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August 27, 2018, 08:26:08 AM
 #612

The main reason is, these metals are valuable. and as the time goes by, its value is increasing. it will not be gone in the market because these metals are here even before we were born. so for a person, it's worth it to have these metals.
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August 27, 2018, 09:23:29 AM
 #613

Maybe the type of gold that is recommended for investment is a type of gold precious metal that has certificates that are recognized internationally. The price of gold is determined by the value of gold itself and is determined by the international market. Thanks to this stability, the price of gold tends to rise every year. In addition to its profits, gold is the only investment that is avoided from taxes because precious metals are included in the category of raw materials. Maybe that's what makes older people like investing in gold.
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August 27, 2018, 11:12:58 AM
 #614

I think people of the older generation will always choose precious metals. They have measurable value for them. They can feel something in their hands that is valuable and gives them a sense of security. They differ from people brought up in times where digital technology dominates.
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August 27, 2018, 12:05:06 PM
 #615

I thing that it relates to psychological comfort. It’s easier for old people to buy something they can see and touch. From this point of view, precious metals are much more convenient then crypto, at least for old people. Besides, it’s not that easy to get involved into cryptobusiness.
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August 27, 2018, 12:18:36 PM
 #616

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.

Yes, The risk of investing in precious metals in general is not as much as the risk in investing in other areas to store value. Older generations are not looking at the future since they have limited time to live anyway, they only need something with less risk they can invest in at this present age which they have been used to as well.
Psychologically, we all know how old people think when they are getting to their peak age. Old people always will go with traditional things as they want to eliminate the basic risks and if we notice they are all right with their investment decisions at most of the times.

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sutejo
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August 27, 2018, 12:34:10 PM
 #617

it can be said because of the easy way of selling and selling transactions.
sometimes the price lasts longer which will change.
and the introduction of trade like that was known long ago.
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August 27, 2018, 12:44:13 PM
 #618

maybe older people like saving and invest their money on gold or silver because they do not know about bitcoin. bitcoin is launching at least 2010 years and become famous at 2014 when have higher price. maybe you can invest your money now and wait for profit at the future.

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August 27, 2018, 01:07:39 PM
 #619

maybe older people like saving and invest their money on gold or silver because they do not know about bitcoin. bitcoin is launching at least 2010 years and become famous at 2014 when have higher price. maybe you can invest your money now and wait for profit at the future.
That is also what I think that most of older people did not know about crypto currency since they are not expose at not in line with their time because crypto currency is a millenial technology but I didn't say it generally because their are some older people who are fun of investing in crypto or maybe itball depends of where they want to be because if we are only investing for profit then crypto is still best answer.

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August 27, 2018, 01:10:17 PM
 #620

The old people are not ready to take the risk in experimenting new investment opportunities. They simply want what they already know.
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