Why do older people like investing in Gold/Silver? - page 16.

CoinEraser

legendary

Activity: 1988

Merit: 1768

Quote from: Kadot amoh on August 29, 2018, 02:54:03 AM

because older people like to invest in Gold / Silver already know the price of coins in the trading market is declining, so that experienced people prefer to invest in gold, so they can get a fair profit.

When people started to invest their money, there was usually only gold or silver as a safe investment, Bitcoin did not exist yet. But i have noticed that people who have invested in gold or silver before are more open to Bitcoin. They see Bitcoin more often as a new investment opportunities than people who have never invested in anything. Many people who have never invested money in anything anyway are more likely to reject Bitcoin than investment opportunities. It seems that there are people how are willing to invest as long as it promises profit and people who will not invest in anything in their lives anyway.

embargo

newbie

Activity: 266

Merit: 0

Older people are wise people. The risk appetite is minimal, conservative views. And it is gold and silver that are suitable for such criteria. Bitcoin is a trend of the young, and in fact - a deception of a global scale. Bitcoin is an unreal asset, it is valuable as long as someone is ready to buy it.

efxtrader

full member

Activity: 924

Merit: 100

GoMeat - Digitalizing Meat Stores - ICO

Quote from: Buladig on August 28, 2018, 08:03:37 PM

investing in silver / gold actually has very little risk of experiencing losses, so many people decide to save their money in gold / silver. I think this reason is quite strong, because most people do not want to accept the risk of experiencing a loss.

Gold and Silver already known as investment for centuries. Old peoples will invest on something they can see and touch, beside that usualy most old people dont understand about internet or bitcoin or cryptocurrency

Kat_messy

member

Activity: 266

Merit: 10

Because they are a generation older and prefer the old methods over the new ones. Investing in gold is too expensive now and in my eyes doesn't classify as investment anymore.

napi

member

Activity: 350

Merit: 10

I think that is because many people choose to invest in something that has a physical form such as gold or silver that has a physical form and can be held.

jademacoy

jr. member

Activity: 224

Merit: 8

Quote from: semtothemoon on July 26, 2018, 01:38:45 PM

Because the prices of gold and silver are stabilized, generally,older people like stability and don't like things that change too much. Moreover, I agree with that aphorism: gold is the best hedging tool.

Well gold is an old school of investment because new generations had embraced new kind of investment and that is cryptocurrency. We had to get the new trends though the old school is still good but still i consider cryptocurrency as best investment compared to gold/silver.

Soots

sr. member

Activity: 1050

Merit: 251

Quote from: Barcode_ on August 29, 2018, 03:00:06 AM

Quote from: backspace jejel on August 28, 2018, 11:50:27 PM

I think some people invest because of hobbies, investing in gold and silver in my opinion is safe enough to do because the value is stagnant, that is part of the reason and of course many other reasons why many people like investing in gold and silver

I believe some people just truly enjoys collecting a variety of gold bars and silver bars from different manufacturers around the world, and I knew some bullion manufacturers does also launch out gold coins and silver coins with an unique design in limited quantity and some collectors are even willing to spend huge amount of money to buy it, this is also one of the reason that attract some investors to invest their money into gold and silver, as they believe they might be able to sell those gold coins and silver coins which are minted in limited quantity at a good price in the future.

Older people has been so fanatic of physical assets like gold and silver because of it's popularity, that gains more demand in terms of fashion and values. However the investment it takes for so long wasn't so fast to grow of it's price in the market. Some people prefer to have personal deals in selling their wealth which was considered as most precious assets, that can be sold when there's an emergency need for fiat money.

Barcode_

staff

Activity: 3206

Merit: 575

Join the world-leading crypto sportsbook NOW!

Quote from: backspace jejel on August 28, 2018, 11:50:27 PM

I think some people invest because of hobbies, investing in gold and silver in my opinion is safe enough to do because the value is stagnant, that is part of the reason and of course many other reasons why many people like investing in gold and silver

I believe some people just truly enjoys collecting a variety of gold bars and silver bars from different manufacturers around the world, and I knew some bullion manufacturers does also launch out gold coins and silver coins with an unique design in limited quantity and some collectors are even willing to spend huge amount of money to buy it, this is also one of the reason that attract some investors to invest their money into gold and silver, as they believe they might be able to sell those gold coins and silver coins which are minted in limited quantity at a good price in the future.

Kadot amoh

jr. member

Activity: 105

Merit: 1

because older people like to invest in Gold / Silver already know the price of coins in the trading market is declining, so that experienced people prefer to invest in gold, so they can get a fair profit.

backspace jejel

newbie

Activity: 114

Merit: 0

I think some people invest because of hobbies, investing in gold and silver in my opinion is safe enough to do because the value is stagnant, that is part of the reason and of course many other reasons why many people like investing in gold and silver

jhony525525

newbie

Activity: 47

Merit: 0

It is about belief and i think that no one motivated old aged people to invest in crypto and they invest in the old commodities like Gold and silver and they don't know that how to buy crypto what it is and how to use it so that's why they are not coming to invest in crypto.

Safah

jr. member

Activity: 114

Merit: 1

in my opinion someone prefers to invest in gold for several reasons: 1. promised security and benefits. 2. Gold investment has a high level of privacy so that others cannot know how much gold we have. 3. the price of gold is determined by the value of gold and the international market. this causes prices to tend to be stable and increase every year. 4. gold is easily obtained and resold, that means gold has high liquidity. but in my opinion investment in any form has risks as well as gold investments.

MMysterious

sr. member

Activity: 972

Merit: 255

Bear season or just the beginning

i think older people like or want to invest in gold/silver simply because they want their assets to be safe as possible. because gold/silver is a good store of value even the world will get a financial crisis. gold specifically is the safe haven for them. but like us who cant afford to buy gold or hedge gold we are most likely invest in investment instrument that is affordable for us. just like now, bitcoin is like a digital gold for this generation so young generation want to invest early even though its just speculation if this is to stay. the value of something is accepted because everyone accept it even though there is not intrinsic value.

Buladig

newbie

Activity: 107

Merit: 0

investing in silver / gold actually has very little risk of experiencing losses, so many people decide to save their money in gold / silver. I think this reason is quite strong, because most people do not want to accept the risk of experiencing a loss.

shainasaz

member

Activity: 372

Merit: 12

I don't thinks so why do older people like investing in gold/silver because they believed that this things will be used in the near future that's why some people invest these things and they also believed that gold/silver is more profitable than doing investment in cryptocurrency.

Jupeter

full member

Activity: 378

Merit: 100

Quote from: mejalipat on August 25, 2018, 11:25:54 PM

older people prefer investing in gold because they only know that, they don't know about crypto and maybe there are some who know but they are worried about the risks and they don't want to risk to lose

For me many older people like to invest in gold and silver because they love to used gold and silver for there own purposes and gold and silver is one of the best investment when they are young so that's why until now they love to keep investing with it.

BCSHonda

member

Activity: 392

Merit: 10

Quote from: ronics on August 28, 2018, 04:52:29 PM

because people are more comportable for them investing in Gold and Silver because everywhere that's what you always hear at the store, but I think it's safer compared to investing in a Cryptocurrency. And that's right, even though the price of Gold and silver prices can not be the same as a Crypto Coin surge, but when a price falls down Gold and Silver and does not look like a Crypto Coins, it's really that they are safer for investment in all.

Simple things are in the material stream. It can be seen and used externally. And it can be hidden by their intent. That's obvious.

Escf4

jr. member

Activity: 364

Merit: 3

GIGZI - INDEPENDENT WEALTH MANAGEMENT

This is because older people that have been familiar with their parents in the olden times sems like very favourable in investing in valuable things like gold and silver, if they have abundant money, they choose to buy this wares for they think it could be of use ,even for many years to come,because of its value

nabinkhadka

newbie

Activity: 168

Merit: 0

i think its because they believe in gold and sliver so they invest in these assets. and here are people who believe in crypto currency and thus invest in crypto currencies. its just a confidence in my opinion.

ronics

member

Activity: 350

Merit: 10

because people are more comportable for them investing in Gold and Silver because everywhere that's what you always hear at the store, but I think it's safer compared to investing in a Cryptocurrency. And that's right, even though the price of Gold and silver prices can not be the same as a Crypto Coin surge, but when a price falls down Gold and Silver and does not look like a Crypto Coins, it's really that they are safer for investment in all.

Topic: Why do older people like investing in Gold/Silver? - page 16. (Read 5280 times)