Why do older people like investing in Gold/Silver? - page 42.

xitrum

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Quote from: boyknightvn on July 09, 2018, 02:03:23 AM

Because between us and they have gap about generation Grin

In fact, older people always have a lot of worries and I do not think they are interested in investing in Crypto because they are afraid because Crypto is so new and it's like a virtual thing, they can not see it and can not handle it. In addition, Bitcoin have a huge risk and it is not valued by any model and fears that this is a psychological game.
I have met many old people and I told them about Bitcoin, as a result I was scolded for daring to believe what the internet said, oh my gods @@

You can see that with a market is gradually falling into crisis and bitcoin prices and altcoin are constantly falling sharply the risk when investing in crypto is huge. Also you can see that we are prepared to face the global economic crisis so the price of oil and gold will rise very strongly so I think we should focus on gold to invest . The value of gold is internationally recognized and you can take it anywhere to exchange.

Viranz

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Perhaps because they already believe in gold or silver, therefore they prefer to buy gold or silver. But maybe if they see how bitcoin works, they will start investing in it.

Naughty Princess

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Quote from: rimueng agam on July 14, 2018, 02:03:59 PM

If I think why their parents prefer gold and silver investments maybe this is because they are already familiar with gold and silver and gold and silver more easily found and the price is cheaper than bitcoin and the like

Gold and silver are the most popular investment in the real state and most people know it. These are found in jewelries which can pawn all the time and increase the value for long time. Bitcoin is also can earn in the from different way and good to buy some now before it go back in the good price. Gold can easy to buy because less expensive than bitcoin though the price drops.

Sled

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Bitcoin- in bullish time

They preferred investing in gold and silver and other type of traditional investing because they feel secured when they invest their money to those types of asset because they know that it is existing and it is proven and tested by a lot of people even back then when they are young, other people are already investing to those things.

Serco

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Gold is called a long-term investment just like investing in bitcoin. But gold or silver are immortal and resistant to the effects of inflation, of course, there are so many people to buy them as investments. In addition, risk factors are also lower than other types of investments such as stocks, mutual funds, and others. Most people think that gold investments tend to be stable and continue to increase every year. In fact, gold investments also experience up and down as well as stock prices or bitcoin. With time gold will continue to be popular for collection, and if it is very easy for you to sell. It may be the reason for parents to buy gold because they do not understand about digital or other investments.

Ekimzjames20

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Quote from: South Park on July 14, 2018, 04:47:24 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?

Because gold and silver have a long history of being valuable, think about how many 1 oz gold coins you need to buy a car and you will find that even 50 years ago you will be able to get a car with the same amount of gold and the same is true about almost anything, gold is money the government cannot print and that is why people still buy it today.

Because it is proven and tested by the market for the longest term of investment. It is also attracted to there eyes and they can wear it.

Destofe

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Gold/Silver has always had a unique allure, and for the past century it has swung in and out of fashion with investors, surging in times of economic stress or political turmoil. Thats why older people like investing this things because until now the currency of this things is getting bigger . Its the only thing that you invest without any failure .

Averim

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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?

Probably old people love old things, some of them still thinks at El mDorado, it is hard to belive in something new when you dont have the vision of the future.

South Park

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I am terrible at Fantasy Football!!!

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?

Because gold and silver have a long history of being valuable, think about how many 1 oz gold coins you need to buy a car and you will find that even 50 years ago you will be able to get a car with the same amount of gold and the same is true about almost anything, gold is money the government cannot print and that is why people still buy it today.

rimueng agam

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If I think why their parents prefer gold and silver investments maybe this is because they are already familiar with gold and silver and gold and silver more easily found and the price is cheaper than bitcoin and the like

nightxglow

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Maybe because gold or silver already been everyone's common investment for a long time. You know, it's like habit already. When they have money and want to invest, their choice will straight to buy golds or silvers. My parents are like that too, when they have money, they will buy gold because they all know gold is a great investment, and safe of course.
And also older generation don't really understand technology, not all but mostly. They wouldn't know something like blockchain, cryptocurrency and such. It's kinda hard for them to accept. So it's understanding if they prefer a more 'traditional' investment rather than stocks, digital currency and so on.

sulendra12

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Mostly older people don't know about technology and stick with the conventional stuff like gold and silver, they also don't even bother to try weird stuff like on the internet because it is not their time anymore. Also, they feel safe when they have Gold as their finance backup for their sons when they died.

eelectrick

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Older people have their unique way in looking at things and understanding how it works and how to prepare for a lot of stuff in life.
My grandfather would invest gold jewelry back then when he used to have extra extra money. He cited that these stuff are
worth more in the future and if emergency situations does arise, you can easily sell or pawn them to get cash.
Precious metals are also solid investments, gold and silver has always been good in the market and it's prices are very satisfactory over the years.

LETme

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I think because this is the the old ways that they know to how earn a money and it much comfortable to them to make an investment they know the cycle of it but in every investment they always a risk and if we have a guts for sure we are ready to become success.

DaryaDancova

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Because, they think that this is a more reliable way of investing their money. The second reason is their physical shell, to which they can touch.

GDragon

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That is what you call wise thinking of investment, to avoid inflation rate time to time and it is good because of it stable or increasing value.

Pemburu dollar

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I think Older people always like to feel their investment and because gold is really interesting they tend to buy more from it.
and They use to live with it so they think investing with gold and silver can make them more profitable and of course some of them still do not know how to use our latest technology.

joey alexander

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Investing in Gold and Silver does have value and spot price fluctuates regularly. The prices often move inversely to the value of stock markets and currencies. There are also larger fluctuations in times of political and economic uncertainly. This can all get quite complex but for many people there is money to be made in buying during the dips and selling at the peaks. Some people may try to make money speculating the collectors market on limited minted silver products , if they can buy at lower releases prices and try to resell on the secondary market. likely lots of other reasons why gold and silver is a sound investment and it does have lots of important industrial and medical uses, some very interesting physical properties, as well as historical uses as currency and store of value.

worle1bm

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Yes its very much true that old people invest their money in gold and silver rather than investing in these risky cryptocurrencies.The possible reasons for it might be that the value of gold and silver eventually rise over time and even if the rate is down the dip is very minimal so risk is less and returns are more.On the other side they might not understand the technology behind these coins and being very volatile and risky they prefer to stay away from this market.Moreover scams and warnings are increasing day by day so it could be best reason for them for not investing in cryptocurrencies.

valentine401

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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 that those people who are still preferring to invest on gold and silver are still not well knowledgeable about how cryptocurrency is very profitable if you will just focus on trading.

Topic: Why do older people like investing in Gold/Silver? - page 42. (Read 5280 times)