Why do older people like investing in Gold/Silver?

[dalin19]

All things considered, you said everything, they are more established individuals who have been so used to the conventional methods for getting things done, and attempting to fold their head over the entire more up to date age method for contributing and burning through cash is something they would prefer not to begin exasperating their brains about.

Valuable metals have dependably been a place of refuge amid financial downturns which they have seen as the most ideal approach to store an incentive with less hazard and being in the more established age classification, high hazard is something they would rather not manage in their age.

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[seinzein]

Another reason of low risk, it is legal in the whole whole world. And even it pricewill take time to increase.
We are as young generation usually can't wait for it,
We like to do something fast and dinamic.
Nd challenging to get risky.
So, if we get luck, we will shout out happyly.
And bsolutely easy to get stress in bad condition when see the market is getting worst.

[gurupauts]

Older people prefer investing in gold because they trust gold more than bitcoin and they might not understand  about bitcoin and don't want to be too bothered with the rules and risks

[shulc7]

The older generation is accustomed to material values that can be touched but the younger generation has many virtual values.      

[greyday]

Because they are smarter than (some) younger people. Diversifying is key to security.

[sigam batat]

Because the price of gold and silver is more stable compared to the price of bitcoin or other digital eyes because this digital currency has a very volatile price market so it is very difficult to monitor

[wasaisi]

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?

They know more about gold or silver than crypto currencies that are now popular. Maybe in a few moments they will start buying the famous crypto currency instead of just investing in gold or silver.

[yugyug]

Older people are already get used to do the traditional investment method although we see that investing gold is a very sure thing when it comes to profit but there are other options better than gold but older people are stick with the old system because they can't relate the newer technology today for  digital investments.

[Stug]

Because investing in gold is almost the most stable investment from a long tỉme ago to now. And old people are usually afraid of changing and learning something new. I think  when our generation getting old will be different.

[Andika23]

I think they used the investment method in ancient times, they moved the money they had in the form of gold metal, because if they made gold metal the price of gold stabilized up and down was not too far away, in contrast to the crypto whose selling price or market moved up faster and the drop is very high.

[DisWhale]

Gold and silver investment has been in existence since the civilization of man. It has gained the trust of most ancient and old men of our time. Cryptocurrency and the king of it, Bitcoin, is just 9 years old. A lot of old people are not well inclined to this amazing technology. It will take some time to gain the trust of these old men.

[mornabo]

The older generation is accustomed to material values that can be touched but the younger generation has many virtual values.      

Yeah that's the principle and view of older people, they prefer to invest in physical form, especially gold is also a commodity that has been around for a long time so they have been very confident in gold, gold is also mainstream among them, so when they want to invest, then gold the first is in their minds

[amiramakam]

there is a lot of reason why people invest in gold. Gold is one of the few tangible assets, and therefore, it creates a sense of security among investors. Buying gold is much easier than buying other tangible assets such as real estate. As inflation increases, monetary value will decrease. In the long term, almost all major currencies are down against gold. Therefore, people tend to invest in gold.

[Kita Kita]

The older generation is accustomed to material values that can be touched but the younger generation has many virtual values.      

For me almost all of the older people like to invest in gold/silver because it's value is also rising when time passes by and even my father he is still prefer to invest on gold because the value of gold is more stable and a lot of older people still believe that gold and silver is one of the best investment.

[Nathanclark]

They invest in gold and silver because few of them want to deposit money into the bank. They do not want to risk nor have much knowledge of the crypto market, so they do not want to enter the market.

[jojo223]

A reliable and time-tested way of investing

[JakenBake]

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?

The older generation is not going to trust digits in a computer.  They want something real they can touch and feel and bury in their yard.  Remember once the government knows who you are and what your wallet address is (KYC) they can simply turn off your funds.  All that is necessary is to label you a pedophile (this is their favorite move) and the people will cheer that your funds were seized.

[jayawchaminda]

Many older people have no idea about the new generation.and they don't like change them mind same most older people don't know how to work with internet.

[Fortress12345]

I think it was because the older people don’t want to risk to much like on gold that only has a little risk. They invest in gold because they don’t trust the other tool for investment and they prefer the old one and crypto currency is new to them that also has a big risk.

[Candycrush22]

Everyone likes to invest in gold because if the global economy is inflation, the value of paper money will decrease. People will be interested in another form of currency, which is gold. Therefore, inflation is one of the signals for the rise and fall of gold prices.