Why do older people like investing in Gold/Silver?

[lolxxxx]

Because they are known by everyone and if anyone gets money s/he will surely but it and it is easy to sell and it is not banned by government one more thing it is the oldest thing not years old.

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[Nissuncutubi]

People should have stopped buying gold for at least a century and that has not happened and it is easy to see why, gold despite being one of the oldest form of investment is still giving profits, this is similar to what happens with bitcoin, why are people still willing to pay more than 7000 for each bitcoin despite the huge price? Because they know they are going to get profits when the market recovers.

[CharlieArtist]

Because they already feel when the price of gold or silver is still cheap and now is very expensive then they are still investing in it. Maybe if you tell about bitcoin they will start investing too because they know that it will be very profitable.

[Gleoth]

People wanted to invest in gold and silver maybe because gold and silver has an appearance and we are really sure that we can really earn on it. But the dis advantage is that the price of gold and silver is always stable in a high price so if we are going to invest on it maybe we cannot make a big reinvestment without a big capital.

[nguyenan111011]

I think gold is not the place to invest. Gold is the place to store all their life's work. Because if you store gold you never fear losing its value. not influenced by inflation. Gold is a safe place to invest and does not have to be profitable.

[BitBite5]

Many older people are not so educated and familiar with bitcoin so they stick to what they know something about and have trust and that is silver and gold.
To be honest these are also good investment types but with better promotion and useful information older peopler could also get interested in bitcoin and other cryptocurrencies.

[KKH84]

I think that happened because history in their lives, ancient times (before the cryptocurrency existed) proved that people who have a lot of gold or precious metals can be associated with a person's level of prosperity. The more gold invested shows that someone has a level of financial prosperity or someone with a high level of social strata.

[Akpuv]

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?

Do you think that the old aged people have time to start learning something new like cryptocurrency? I don't think so. Gold and silver have been with them right from ages and they will always be more comfortable with it.

[Kingathur]

I think it is because they are already comfortable with it and it is what they know, I will not invest in something i have no or little knowledge of its outcome. But if you would give some time to teach them make them understand about Bitcoin then I think they would start to invest in it.

[Phomology]

If you are 60 or older, you did not grow up with computers so this is a world you cannot relate to as much as digital natives. It’s to grasp the value of any digital asset while gold seems to be something tangiable.

[Anish02]

Because they take decision according to risk-wise. That's why they are more likely invest in gold or silver instead of cryptocurrency.

[Colt81]

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?

Minerals are one of the pioneers of trading, these are one of the reasons why trading many centuries ago was practice and genuinely spread out all over the word and we can say that until now this is one of the best way to increase your money less effort but effective enough to obtain desirable amount of return for your investments. Gold and silver become more expensive more than we think that it can do and it actually done by most of our ancestors which we exbit up to this century.

[pinot95]

Because between us and they have gap about generation 
In fact, older people always have a lot of worries and I do not think they are interested in investing in Crypto because they are afraid because Crypto is so new and it's like a virtual thing, they can not see it and can not handle it. In addition, Bitcoin have a huge risk and it is not valued by any model and fears that this is a psychological game.
I have met many old people and I told them about Bitcoin, as a result I was scolded for daring to believe what the internet said, oh my gods @@

Gold and silver are the most secure for them since it is the all time sure money back and traditional way of investment. It is real can physically available that can be use anytime you like. A fashion and always ready for anything if you need money to use because you can sell it or pawn in a very reasonable price.

[aris av]

Older people like to invest in gold and silver because the price of gold and silver continues to increase with the passage of time, and for crypto currencies the value cannot be ascertained because it depends on the market. Obviously parents don't like risk.

[Ayencyet79]

Cryptocurrency in my opinion is a digital asset, just like gold but in digital version. When they (older generations) know of this concept, I believe many will switch to this digital platform. Now they see it not as a secure platform yet, and it is very human when they don't want to use this platform.

[Elseye]

Well, they judge by their experience and it is reasonable for them. If I were them I'd do probably the same thing. Many people just don't understand how crypto works.

[avarnet]

because gold and silver investments are very safe from the name hackers and good if used as investment or long-term savings. because the price of gold and silver is getting more and more expensive, so most investors if they get older then the money he has will definitely invest in gold or silver.

[jaaeeeyyyy]

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

I agree with this. There has a big difference in the generation where as they are used in using as a form of investment in which for them it is safer, less risk and they are sure about it. They are not yet introduced to the world of technology that is why. In connection to the technology, it is what people's future that is why the generation of today loves using it.

[ridertiger]

That is because whenever there is a war or something that is troubling the economy, gold increases in value. You can never replace gold with paper but now that we are in the computer age Bitcoin is more valuable than gold.

[bonammeo]

Before the bitcoin came out, people thought gold was the rarest thing. So older people have more faith in gold than bitcoins. The second reason is that investing in gold is less risky than bitcoin. Finally, the previous generation had little knowledge of technology, so access to bitcoins became more difficult for them than for young people.