Why do older people like investing in Gold/Silver? - page 34.

Edraket31

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Quote from: TheClownSong on July 23, 2018, 09:57:04 AM

Quote from: squatz1 on July 09, 2018, 01:05:13 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?

Gold is known as good investment for centuries and its hard to change that perspective. For old generation, gold is safest investment and easy to liquidate when need emergency fund because every one accepting precious metal.

Just like us, they believe in Gold and they have been in investing gold for several years that is why they trust gold a lot and will prefer gold over crypto since they are already comfortable with it and they already know the advantage of it, so we cannot blame them for their decision and it is fine.

TheClownSong

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Quote from: squatz1 on July 09, 2018, 01:05:13 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?

Gold is known as good investment for centuries and its hard to change that perspective. For old generation, gold is safest investment and easy to liquidate when need emergency fund because every one accepting precious metal.

lubah

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Yes, I also observed such a pattern in my relatives who believe only in metal, but in no case in paper money, not to mention cryptocurrency. My parents also do not understand what this blockchain is and how to work with it. And in General, in General, what is a crypto coin. ))) They are used to old concepts and ways to save money.

reyanshbasu

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Quote from: squatz1 on July 09, 2018, 01:05:13 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 old people more familliar of metal investment than investing in cryptocurrency. They fell that they cant earn profit in crypto or maybe they dont know how to work in crypto. Old people always believe in old system the generation where they are born but we cant blame this people on where they find there source of income.

Btcmicel

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Quote from: babaya on July 23, 2018, 08:07:07 AM

Quote from: sensimilia on July 23, 2018, 07:54:58 AM

Quote from: squatz1 on July 09, 2018, 01:05:13 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?

My father always told me that you need to have some gold in order if the economy fails, because gold will be always valuable and it would be the last source of investment when everything will be destroyed.

old man always said that.they assume that gold is resistant to inflation.so much people said like that.but in fact we see that gold price is volatile too, it become not interesting again since much speculator play it in commodity market.

Because gold/silver is the oldest valuable higher value in our market. It is proven and tested in a years come and it is nice to see in a forms of jewelry.

babaya

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Quote from: sensimilia on July 23, 2018, 07:54:58 AM

Quote from: squatz1 on July 09, 2018, 01:05:13 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?

My father always told me that you need to have some gold in order if the economy fails, because gold will be always valuable and it would be the last source of investment when everything will be destroyed.

old man always said that.they assume that gold is resistant to inflation.so much people said like that.but in fact we see that gold price is volatile too, it become not interesting again since much speculator play it in commodity market.

sensimilia

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Quote from: squatz1 on July 09, 2018, 01:05:13 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?

My father always told me that you need to have some gold in order if the economy fails, because gold will be always valuable and it would be the last source of investment when everything will be destroyed.

Lydiaglo

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Quote from: pvanh80 on July 20, 2018, 04:48:22 AM

I think it has been the best way to save and hodl the value of their money through lifetime. Also, it is a traditional habit as well. For example, my grandparents use all their saving money buy Gold and when they passed away, they splited their gold into different parts and gave those to their children.

It was good but in past when bitcoin and other crypto currencies were not introduced, but now I think that bitcoin investment is too much good and profitable than gold and silver, in fact we can see a very slight change in bitcoin price after years, while investment in bitcoin or other crypto currencies can give a good profit I few days.

patarfweefwee

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Old people are very much stick in their ways and doesn't want to accept any change in their almost ending lives. The thing about investing in gold and other precious metals are as old as time itself. It is the basis of economics as a whole and is usually used as thw backin of currencies around the world.

d0flaming0

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Quote from: South Park on July 22, 2018, 03:22:00 PM

Quote from: Marlo0619 on July 22, 2018, 05:27:04 AM

Older people like to invest in gold or silver becauae that is one of the only things that they know of becoming rich. They don't know how the internet works. They don't know what the internet can do to our life and to the world. I know some of them know how to use internet but most of them don't. As we all know, old people grew up without technology. They don't have the internet so that is why in the present day, they don't trust the internet. But the thing is, they should know how to use bitcoin.

Most of the people that invest in gold do not do it because they want to become rich they do it to protect themselves from inflation, in fact in the past it was recommended that you put 10% of your investment portfolio and pray that it does not work because if it does then it means that the rest of your portfolio is going down and probably the rest of the economy as well.

i guess you have a point, well because as i had asked someone before too, he said that he prefers to invest into solid investments just like gold and silver, and aside from that he prefers to invest in something that is less volatile than what crypto is right now, i am also confused why he chose that, but it is his own perception and strategy, we cannot blame him.

rimueng agam

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Many of those who are more fond of investing in gold and silver may be because they are better understood by both and again the change in gold and silver prices is more relative than investing in digital currencies or other digital assets

South Park

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I am terrible at Fantasy Football!!!

Quote from: Marlo0619 on July 22, 2018, 05:27:04 AM

Older people like to invest in gold or silver becauae that is one of the only things that they know of becoming rich. They don't know how the internet works. They don't know what the internet can do to our life and to the world. I know some of them know how to use internet but most of them don't. As we all know, old people grew up without technology. They don't have the internet so that is why in the present day, they don't trust the internet. But the thing is, they should know how to use bitcoin.

Most of the people that invest in gold do not do it because they want to become rich they do it to protect themselves from inflation, in fact in the past it was recommended that you put 10% of your investment portfolio and pray that it does not work because if it does then it means that the rest of your portfolio is going down and probably the rest of the economy as well.

Moiyah

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First, older people are usually the "old fashioned" type of people who do not want to welcome other type of investments thus sticking on their previous beliefs that gold and silver is one of the best investments rather than cryptocurrency.

Wayan_Pedjeng

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Older people in most cases are interested in low-risk assets. Not just bullion metals such as gold and silver, but also other low-risk assets such as the United States treasury bonds are also favored by them.

Marlo0619

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Older people like to invest in gold or silver becauae that is one of the only things that they know of becoming rich. They don't know how the internet works. They don't know what the internet can do to our life and to the world. I know some of them know how to use internet but most of them don't. As we all know, old people grew up without technology. They don't have the internet so that is why in the present day, they don't trust the internet. But the thing is, they should know how to use bitcoin.

Xanxus024

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Because they know the cycle of it, they much comfortable doing this kind of thing and its for their generation also, But the good thing is we can gain profit in every investment if we have a proper knowledge.

btcrut2017

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Quote from: squatz1 on July 09, 2018, 01:05:13 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?

People live precious metals because they can see it and touches it. This will become part if there material possessions. It is also very saleable in times of need because the items is available.

katak mercat

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gold investment is very fun, besides beautiful, gold also has a high value and stagnant, we will not lose our money if we invest gold, even that will give us the advantage if held him for a long time.

suvo05

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Quote from: squatz1 on July 09, 2018, 01:05:13 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?

what would happen if they have digital assets and they passed away without informing the private key to their relatives?
It is rather safe for them to invest in those precious metal and save it for the next generation.

demonz666

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they choose gold and silver because both have very little risk of loss. and gold has proved to its excellence since ancient times until now it becomes a good investment choice because its value always tends to rise every year. and a very safe gold investment is not worried about being hacked or lost. and they chose gold because it is simple not to use sophisticated technology and gadgets. they only need to buy at the time of down and save it.

Topic: Why do older people like investing in Gold/Silver? - page 34. (Read 5247 times)