Why do older people like investing in Gold/Silver?

[ufaiz50]

My parents also like that, from what I know gold investment is an easy thing unlike other investments, the change in the value of gold is also small so the risk is not too high, some people says buy gold in order to secure their money from inflation. I think there are still other things I don't know because honestly I am not very interested in gold investments and prefer to do business.

[BeGoods]

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.

Yeah that is also the reason they invest in it, I will add according to my own experience, because I also including old people and my father also did the same thing. we think that gold is an investment for the long term and the future, security/safely will be very guaranteed because the price is stable but tends to rise. there is no risk to worry about. that why making us sure and believe to invest in gold

[drm]

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.

Yeah that is also the reason they invest in it, I will add according to my own experience, because I also including old people and my father also did the same thing. we think that gold is an investment for the long term and the future, security/safely will be very guaranteed because the price is stable but tends to rise. there is no risk to worry about. that why making us sure and believe to invest in gold

It is one of the few constants people believe in.

[Qeupe]

older people have more concerns about technology and prefer to use the old ways in everything, bitcoin has a higher risk than gold and that is their main concern.
We as young people should not be skeptical about this, it would be wise to introduce this technology to older people until they realize that this investment is very profitable.

[gabmen]

older people have more concerns about technology and prefer to use the old ways in everything, bitcoin has a higher risk than gold and that is their main concern.
We as young people should not be skeptical about this, it would be wise to introduce this technology to older people until they realize that this investment is very profitable.

Yeah i thinks that's mainly the reason since they've all become used to doing things manually and a lot are not really comfortable doing things digitally. My grandfolks see it that way all the time

[Kakawate]

I think it is not wrong to invest in those things, knowing that these investments are sure to give you good amount of return, the only problem that I can see in gold and silver is the time frame of the return of investment. Unlike cryptocurrency which gives you loads of return in such a short amount of time, but the risk is just so much higher, so having the risk that cryptocurrency's value could go down in such a shot period of time, its a bit kind of a gamble to be investing in cryptocurrency, unlike investing in gold and silver.

[korean1999]

The price of gold and silver, unlike bitcoin, is much stable and you can trade it for any currency easily without legal problems. Cryptocurrency on the other hand, is quite the opposite. And also older people just don't like taking risk in investing in bitcoin, i think.

[Amajaa]

They believe on its potential so are we  why we are keep on investing in crypto..  Older people too can easily be stress so it is not good for them to invest on crypto which value is always fluctuating and they grew or use of investing on metals since then so they stick on that.

[talenah kotang]

Gold and silver are real investments and have a form. In addition, gold and silver have existed since time immemorial and proved to be profitable, in contrast to crypto with unstable prices, crypto are new and new in the present and they may not know much about cryptocurrency.

[nisya]

because since they are young, they only know gold and silver as the investment and they have a dream to buy gold and silver and collect it for their grandchildren. I have a grandmother which keep his gold until now and when I said about the other things, she cannot understand about my explanation so I think it is better that she still buy gold and silver than to buy cryptocurrency. they believe with the gold and silver and they always keep their gold and silver in the safe place.

[unusualfacts30]

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?

Unlike paper currency gold has retained its value through ages and old people see it as something they can pass to their next generation. It's an excellent hedge against inflation since it price increases when cost of living rises. Whenever there is geopolitical certainty you will gold price increases and people invest in gold. Lets say economy collapses tomorrow and paper money loses all its value, gold is what will save you and help you buy your daily bread. There are many uses of gold and silver in tech industry as well as other industries and some of them we haven't even heard of yet.

I don't think the same way but I think that's what older generation thinks from my perspective.

[mikan111]

Older generations traditionally invest in precious metals in order to preserve the value of their assets. Their connection to new technologies cannot be called significant, and at the same time, the media disrupts them to try to invest in the crypto.

[ice18]

Maybe one of the reason because gold has the real and legit value not manipulated of course but Im not sure and it can also easily sell anywhere, gold is a proven investment opportunity for the last many decades and until now many people investing on it older people doesn't really trust in cryptocurrency maybe they believe it will collapse anytime .

[Sir Legend]

The price of gold and silver, unlike bitcoin, is much stable and you can trade it for any currency easily without legal problems. Cryptocurrency on the other hand, is quite the opposite. And also older people just don't like taking risk in investing in bitcoin, i think.

Investment safety factor is important, older people are certainly in a comfort zone so they will choose an investment that is easy, safe and certainly profitable, gold and silver are investments for thousands of years so they will not disappear.

[walemil]

Old people invest mostly in gold and silver because this is what they have been used to over several years and it is a way of securing their money and yet making gain because it is far less risky. Cryptocurrency is a product of the digital age and for this reason, the young people are more attracted to it and they are equally willing to take more risk, compared to the old people.

[pathapoddo]

It is a old process of saving money and get profit on it. You should know old is gold. Old generation are always think that there system or process are always right, they dont believe our generation's system or process. That's why they are invest in gold and silver even now.

[Coin-1]

I just looked at the chart of the gold price for the last year. The spread was from $1200 to $1350. Now the gold price is on the minimal levels and I guess the trend of this precious metal is negative. Also, recently I heard that some central banks started buying a gold to increase their reserves.

Probably the old people don't trust the modern globalized world where the crypto currencies are spreading and evolving despite the resistance of the governments. I suppose they just like to look at the beautiful things. In my opinion, gold is not a promising investment today.

[_Legendary_]

Older people certainly have had very long experience, they already understand that gold and silver investments are the safest, even during the war the prices of gold and silver never drop like other commodities such as stocks or property.

[sidodadii]

because they dont know about cryptocurrent, how it works, or they just love real stuff.
crypto is unreal, i mean they are just data on internet. or they are dont have knowledge enough.
but im not sure that older just invest in gold, there are many older people stay and invest in crypto. i think they are following of new era.

[Abu Shadow]

Because investments in gold and silver are the most reliable investments of all.

Yeah that true it's more reliable than crypto but investing in crypto will not need you to a bigger capital and you have all the rights on what to do with your crypto as you hold your coins on your wallet that you can access anytime.
Older people would like to invest in gold/silver because they don't want to take another risk investing in crypto and they don't have time to study.