Why do older people like investing in Gold/Silver? - page 21.

Dark Sky

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Quote from: xitrum on August 15, 2018, 06:40:56 PM

Quote from: squatz1 on July 09, 2018, 12:05:13 AM

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?

You can see that gold and silver are material things that exist that we can see and hold. The perception of older people that they like safety is very low, so they prefer investing in gold and silver rather than bitcoin. You may find that bitcoin prices are unstable and are constantly decreasing, so profiting from bitcoin is difficult despite high margins.

Gold and silver price are going to high but its process is very slow and that's why after of many of years you can get its profit so investment n bitcoin will gain your money in some months with highly profit but older people don't know about this currency's benefits and they think that it will lose your money but in some country as like my country everyone want to invest in bitcoin because they know about this new era.

xitrum

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Quote from: squatz1 on July 09, 2018, 12:05:13 AM

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?

You can see that gold and silver are material things that exist that we can see and hold. The perception of older people that they like safety is very low, so they prefer investing in gold and silver rather than bitcoin. You may find that bitcoin prices are unstable and are constantly decreasing, so profiting from bitcoin is difficult despite high margins.

Pinkris128

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Quote from: yvesp110 on August 15, 2018, 03:58:29 PM

Quote from: LeetPoolsOP on August 14, 2018, 02:02:35 AM

Because they are sure that apart from gold and silver there is nothing more stable and guaranteed.

Yes but it is really an old thinking now it is modern age and everyone should move according to the circumstances, old time was not having that much facilities but today, we are living in this modern and well developed society, I think our oldies should trust it, if we will tell them all those additional benefits that bitcoin can give I am sure they will be agree to invest in bitcoin more than GOLD or SILVER.

We cant stoo them since they believe more on what they are doing before the cryptocurrency exist. For them it was the safest and good thing to imvest which is right. They also have point and it was not easily for them to adopt thd modern investment that most commonly people here do. Silver and gold are to valuable and beneficials and we cant blame old people who are investing there.

SunJAB

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Quote from: HatakeKakashi on August 15, 2018, 04:43:08 PM

The older people wants to invest to gold or silver because it is longterm investment. Because investing to this kind of good metals can have only less risk because cryptocurrency is very risky investment.

They invest so to reduce the risk and more realistic. Compared to other types of assets on the market. For the most part, precious metals are very important to human beings. We are not surprised by their choice.

DAVETUN

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Bitcoin is the currency of this age

Gold and Silver are valuable asset with decade of good return on investment, with good return on investment over the years, sure the trend is changing as crypto is taking over and changing the landscape of investment, in few years to come, if you are no investing in BTC or ICO you will be scheme out in the wealth of the gobal world

Cherylstar86

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Quote from: HatakeKakashi on August 15, 2018, 04:43:08 PM

The older people wants to invest to gold or silver because it is longterm investment. Because investing to this kind of good metals can have only less risk because cryptocurrency is very risky investment.

Yeah, well each of us have different perspective in which those people have there own believe for the long term investment. Also, gold or silver is very expensive as the time passes by though it takes time but its definitely a sure great amount of profit. Comparing crypto currencies it takes time and there is a huge tendency that the value will tremendously decrease but there is still a chance to increase since the world of crypto currency is so volatile and unpredictable.

HatakeKakashi

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The older people wants to invest to gold or silver because it is longterm investment. Because investing to this kind of good metals can have only less risk because cryptocurrency is very risky investment but you can earn more money here in cryptocurrency even shorterm but you need take a risk your money.
Gold and silver if for lifetime because most of the people are using this and you can get more profit to this kind of precious metal but you need to wait like 10 to 20 years before you earn big profit but it is good for your money to become safety and grow everyear.

Comino

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Quote from: squatz1 on July 09, 2018, 12:05:13 AM

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?

I would wonder where we will be investing in 30-50 years from now. Might come out a little outdated too.

roccobull

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Quote from: squatz1 on July 09, 2018, 12:05:13 AM

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?

I think it's for all the reasons you have already mentioned. Those are the reasons I invest in gold/silver. Not to mention the huge drop in all commodities today, I bought my first 1oz gold eagle https://bullionexchanges.com/1-oz-american-eagle-gold-coin-random-year and a 100 oz silver rmc bar https://bullionexchanges.com/100-oz-republic-metals-rmc-silver-bar-999-fine

yvesp110

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Quote from: LeetPoolsOP on August 14, 2018, 02:02:35 AM

Because they are sure that apart from gold and silver there is nothing more stable and guaranteed.

Yes but it is really an old thinking now it is modern age and everyone should move according to the circumstances, old time was not having that much facilities but today, we are living in this modern and well developed society, I think our oldies should trust it, if we will tell them all those additional benefits that bitcoin can give I am sure they will be agree to invest in bitcoin more than GOLD or SILVER.

tylerderden

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Quote from: squatz1 on July 09, 2018, 12:05:13 AM

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?

From their childhood they are listening to their parents that gold and silver are the best investments as they are precious metals and are safest to invest into because their market value falls rarely but will keep on rising in the future, so that's the reason that they love investing in gold and silver and not in other means as they think that those means are quite risky to invest into.

frankiemalton

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From May 2011 to the present, gold has been a better investment than silver; losses on gold have been considerably less than those on silver.

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Quote from: vachellie on August 14, 2018, 02:22:49 PM

Quote from: squatz1 on July 09, 2018, 12:05:13 AM

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?

I think the main reason they like investing in metal such gold / silver is because they know about that metal more instead bitcoin, investing in gold is more stable than in bitcoin and surely they know gold first before bitcoin exist.

That is true, lets begging with that elderly people are not that smart about the net as we are so for them thinking about any crypto is such a hard things to imagine that coin which has its place in web could get so much value.

vachellie

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Quote from: squatz1 on July 09, 2018, 12:05:13 AM

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?

I think the main reason they like investing in metal such gold / silver is because they know about that metal more instead bitcoin, investing in gold is more stable than in bitcoin and surely they know gold first before bitcoin exist.

thomas_goal

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Quote from: royalfestus on August 13, 2018, 07:34:20 AM

The older people can only invest in what they understand and can see with there eyes. Fewer ones among them can relate with internet as much we young one do. Cryptocurrency is highly risky than the gold and bitcoin inform of its volatility and most of them cant take the risk with all their life savings. Gold and silver price are well predictable than in cryptocurrency. I know some cryto ethusaist will be old and will find it harder to convince their fellow colleagues on investment in the space.

Yeah I agree. The tangible value that these assets have is comforting because they can see it and watch it glimmer in the light. This seems somewhat safer than paper money, especially for those who live in countries that have economic instability. It also seems safer than banks, which can limit withdrawal limits (like Greece, which got capped at 50 euro a day). And it most certainly appears much safer than that crazy "Bit-coin" stuff that their grandchildren are talking about, which just seems like a surefire way to lose money. How on earth can bits be money??

chikading2016

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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.

valentine401

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Quote from: gunhell16 on August 14, 2018, 04:24:00 AM

Because this is how they invest before and still do until now.
they are not award of the new generation of currency, which also needs the knowledge in computer and internet.
thats the only reason i can see for now.

Yes you are right, older people did not have a good knowledge in computer and that is the reason why most of them will only prefer the traditional asset like gold and silver.

ParkSaezz

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If you have a good supply of money ,you must immediately buy gold or silver for investment keeping ,because it will used in the future, or continue to be asset , this is what older people learn from their parents , so they even used this in the modern world.

gunhell16

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Because this is how they invest before and still do until now.
they are not award of the new generation of currency, which also needs the knowledge in computer and internet.
thats the only reason i can see for now.

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I think one of the main reason that older people who like to invest in the gold and silver market rather than the crypto-currencies market is because of the higher stability in the gold and silver market, as many people have pointed out that crypto-currencies market is still in an early stage, and investors who are afraid of huge volatility movement in the trading market will obviously choose to invest in other traditional trading market rather than crypto-currencies.

Topic: Why do older people like investing in Gold/Silver? - page 21. (Read 5280 times)