Topic: Why do older people like investing in Gold/Silver? - page 27. (Read 5280 times)
I think older people like to invest in Gold and Silver because we all know gold and silver will never lose its value for a long period of time because since old days we are trading gold and silver as a medium of exchange while bitcoin is very volatile you can either earn big or lose big if you don't know how to track its prices, same goes to cash it stable because its legal tender and can be use anywhere but its value cannot be compared to gold and silver.
Maybe they already know that this gold and silver will increase the price in the future they just stick the old way in making money.
This is your point and I respect this one. But what I think about this is, I think those old people aren’t that much involved in technology. Plus, this is quite natural for them to not believe in such thing that isn’t even existing physically unlike gold and silver. So basically they are hacked by their trust factor. They aren’t able to believe in this system because they hadn’t observed it in their early lives. 
I see 2 main reasons why older people prefer investing in gold and silver to other forms of investment more especially cryptocurrency investment. One is the conservative nature of the older generation who are most times overwhelmed by the fast pace of innovation and could hardly catch up with the new ideas and systems. So, they are more comfortable sticking to what they know and understand better. The other factor is what I term technology gap. Investing in precious metals is quite conventional and straight-forward, investing in cryptocurrency is on the other hand technical in both the skill and tools of investment. Most elderly people (especially in the developing world) can hardly comprehend the workings of the computer or the blockchain and may not have what it tbkes to invest in securities or crypto.
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 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?
Because they have proven that investing in gold's is a good way to grow their money even in a slow pace. Gold investment is a low volatile investment where there in less chance that its price will go down unlike crypto where volatility is the big issue.
Gold investment was very popular in the past, even today there are still many people who depend on this investment. Most older people are not familiar with digital money investments and even many of those who do not understand the internet so they think that bitcoin investment is very complicated to understand, and prefer gold because of its safe and visible physical value.
Our job as a young generation is to introduce them to new technologies and ways to make money from investing in digital money, do not shut down for this.
Our job as a young generation is to introduce them to new technologies and ways to make money from investing in digital money, do not shut down for this.
GOLD and SILVER before is low value and older people have silver and gold before and investing they think it will be double and tripple and the golf value is always going uhigh the value unlike bitcoin they up high but they always shutdown
Investing in GOLD and other important things in the world is a way that our older ones are doing. So we can not blame them now that the new world is beginning to crypto the new Gold, Silver, Diamonds and so on. Certainly for the next generation golds are a type of past and are replaced by crypto currency.
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?
Because they know what to expect from these investments. 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?
Simply because they were considered as most safest investments when comparing others and good storage of value or they might not aware of the new technology like crypto currencies.But in future everything will change the bitcoin will be considered as the best investments so we are lucky that we know about the bitcoin early stage so we need to buy now itself.
People, especially the old ones, like to invest in gold or silver apparently because it is tangible and "liquid". Precious metals, though they appreciate in value very slowly, are more easy to sell because they are widely accepted as assets unlike the nonphysical assets, such as patents, copyrights, shares of stocks and cryptocurrency. Another reason perhaps is old people don't welcome the idea of digital world, where the value or price of assets are unreal and volatile.
Everyone invests in what they consider profitable for themselves. Many adults have already seen a lot on the market, so they believe that investing in gold is the most correct.
I think they see these as the real asset that do not depreciate with time, so they feel more secure about it. And their generation is use to the gold and silver as been the real valuable asset of security.
many factors, from the start they do not understand the technology, especially the world of crypto, maybe even though they already feel it but still they do not understand with kegunaanya, because gold and silver more real so they believe in the real thing, it could be because the cause because crypto is not so they are hard to believe. I think they see these as the real asset that do not depreciate with time, so they feel more secure about it. And their generation is use to the gold and silver as been the real valuable asset of security.
many factors, from the start they do not understand the technology, especially the world of crypto, maybe even though they already feel it but still they do not understand with kegunaanya, because gold and silver more real so they believe in the real thing, it could be because the cause because crypto is not so they are hard to believe.50 years from now there will be a new asset that we people can't understand and we will still invest in crypto. They will tell us we are old, and blockchain is the thing of the past. lol
I believe the elderly people are usually afraid of taking risks like the young ones. Gold and silver have less risk than cryptos or other forms of investments. I believe that is why they have decided to stick to the two precious elements.
I think they see these as the real asset that do not depreciate with time, so they feel more secure about it. And their generation is use to the gold and silver as been the real valuable asset of security.
many factors, from the start they do not understand the technology, especially the world of crypto, maybe even though they already feel it but still they do not understand with kegunaanya, because gold and silver more real so they believe in the real thing, it could be because the cause because crypto is not so they are hard to believe. 
Old people tend to choose what's reasonable than what's the trend. These are few reasons why :
1. Gold is a great long-term investment.
2. There are high demand for gold from time to time and the price is usually stable.
3. When there is a chaos, gold is the most convenient investment for you to bring everywhere you go, to hide even to be entrusted to family members or friends.
And many more reasons for old people to invest in gold.
1. Gold is a great long-term investment.
2. There are high demand for gold from time to time and the price is usually stable.
3. When there is a chaos, gold is the most convenient investment for you to bring everywhere you go, to hide even to be entrusted to family members or friends.
And many more reasons for old people to invest in gold.
because they do not understand how to use investment technology in crypto currencies, so they prefer to invest in gold / silver because they better understand investing in commodities
I think you have a great point. Because some older people would not easily believing online business like cryptocurrency and they feel hassle when doing investment that they really not aware of. In other words older people are preferred of investing traditional business like gold / silver commodities because they really know the movement of it.
Its like what you say, today we are improving and moving toward technology and digital way young people do thing most with the internet since it's the trend but as for old folk they were used to old thing like their investment is on metals plus gold, and there is nothing wrong with it since they are get use to it as young people get use of using phone and computer.... We can't just swap and change their way of thinking...
i personally knew old folks who do buy gold and properties as investment, this i think because they only knew gold and properties to be the best investment. an old fashion that goes walking in the streets that looks like they just robbed a pawnshop. i keep encountering these kind of folks that even when we talk of buying a piece of land, they were very much agreeing its a good choice but will also advice me to pick the ones where i can farm.
Most older people don't really understand bitcoin and cryptocurrency. They feel more safe having their money in a tradtional bank instead of having to secure their own btc wallets. I'm heavily into crypto but I still think keeping part of your funds in gold is a solid investment. It never hurts to diversify your holdings.
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