Why do older people like investing in Gold/Silver? - page 19.

drm

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Quote from: BeGoods on August 27, 2018, 09:38:46 AM

Quote from: ourepts on August 27, 2018, 05:23:29 AM

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.

BeGoods

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Quote from: ourepts on August 27, 2018, 05:23:29 AM

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

ufaiz50

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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.

21BTC100ETH

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

zhelis74

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Quote from: jimskiy on August 27, 2018, 08:44:13 AM

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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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.

sutejo

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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.

Digital_Lord

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Quote from: mu_enrico on July 09, 2018, 02:27:19 AM

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.

coinhunt

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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.

kniheant2

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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.

ourepts

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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.

Tomborneque_1102

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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.

vladmamedov657

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Because personally, in my experience, gold does not fall in price, but only grow, so it is very profitable.

sabarr

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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

Madara_Uchiha

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Crypto currency is also a good investment, but only for those who understand the crypto-currency market.

Madara_Uchiha

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

Darz299

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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.

Sarastiche

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BITCOIN IS THE CURRENCY OF THE GLOBE

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.

@oweljayr

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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.

regulated

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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.

Topic: Why do older people like investing in Gold/Silver? - page 19. (Read 5247 times)