Topic: Why do older people like investing in Gold/Silver? - page 49. (Read 5247 times)
I still think its good to have a portion of your money in Silver and Gold. If there is some sort of EMP or natural disaster that knocks out our systems gold will be very useful. Some people just like something they can physically hold as well, its not just an old people thing.
Does anyone here know the reason behind people loving precious metals?
Let's see...
Fiat, or bank notes, means trust in the government and the central bank. They were proven as not trustworthy and they use inflation to make banknotes actually worth less and less.
Bonds are also government related.
Bank deposits - some elders use them, although I think that only the uneducated ones do, since they mean trust in banknotes. People use them because they're easy to do.
Stocks are high risk and may need third party to trade them for you, so no.
Cryptocurrencies are too high tech for them. Also high risk.
Properties - this can be a good field, but they need paperwork and the investment cannot be liquidated quick.
Precious metals - they are historically good investment, you don't have to trust anyone, easy to hide, easy to liquidate, easy to pass to children (you don't need lawyers nor taxes)
Now, if you would be quite old, what would you choose?
i wouldn't say people "like" investing in precious metals. it is more like they are "accustomed to" investing in them because they have been around for thousands of years and for the most part of it they all had some value. so whenever people are looking for an investment they first thing of these metals.
additionally it is thanks to the fact that these markets are global and big and also regulated so you can easily go in and out and trade them anywhere.
on top of all that these specific metals (gold and silver) have more than just one use as investment. you can use them as jewelry. for example you buy a gold necklace, it is both for using and as a good store of value. if someday you needed money you can easily sell it and get the money with its profit.
additionally it is thanks to the fact that these markets are global and big and also regulated so you can easily go in and out and trade them anywhere.
on top of all that these specific metals (gold and silver) have more than just one use as investment. you can use them as jewelry. for example you buy a gold necklace, it is both for using and as a good store of value. if someday you needed money you can easily sell it and get the money with its profit.
This seems obvious for me because the older people are just afraid of everything new and fresh. This is true about any country and any nation in the world. Elders are just elders and so they are always unconfident in something new.
In what "old" people should be invest if not in gold&silver, maybe in BTC? It is to complicated for them to fully understand what this is all about, not to mention the process of buying or keeping BTC. Buying gold or silver is very easy operation, you have cash and you buy gold/silver - you can go to store or do it online and get it to your home address. Then you can hide this gold/silver to a safe place, or rent a safe deposit box at the bank.
It's just something that older people prefer to do, and in some way it is less risky and much less complicated then buying stocks, crypto or something else.
It's just something that older people prefer to do, and in some way it is less risky and much less complicated then buying stocks, crypto or something else.
Because they are more likely to see that their investment is definitely not going to be a scam. Bitcoin investment in metal product investment such as gold and silver is different. Bitcoin is a digital currency available in many ways, gold and silver have a stable price and price increases depending on demand and supply like bitcoin. More than the bad news that spreads today affects bitcoin so they prefer to invest in gold and silver.
most people prefer to invest in gold because his prices never go down from time to time, his stuff is real and can be used as jewelry and can also be bought and sold at any time when its owner requires urgent funds.
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?
Older people usually invest in gold and silver because they don't want the hassle transaction like crypto currency. we know already whats the mode of transaction of crypto currency we need to be focus and hands on everyday while Gold and Silver is once we already have to invest everything is okay.
The older generation has experienced more than one crisis. They lost confidence in the papers. To protect their savings, they began to buy gold and silver EN masse.Leading economists have repeatedly stated that gold loses its weight in the world. But they contradict themselves. After all, banks in all countries retain their reserves in gold. Perhaps they are sure that even if all the currencies of the world will depreciate precious metals will be in demand.Therefore, the older generation is confident that investment in gold and silver makes sense.
Precious metals are true assets that will never be lost in value. Except for price manipulation (understatement), which is now ... Their value they deserve on the pull of more than 1000 years. This is a classic tool for preserving the capitals. The stock market is essentially a bubble, inflated by the Fed with its liquidity injected into the market. Bitcoin - while it is difficult to understand who is behind him and what awaits him.
Gold and silver have a long history as a means of maintaining value and increasing value!
Older people can't afford high-risk investments, and gold and silver are low-risk for older people to invest!
Older people can't afford high-risk investments, and gold and silver are low-risk for older people to invest!
Well, the obvious reason is the volatility of Bitcoin. The fluctuations of the price is so extreme while Gold and other Valuable metals are not like that. Gold existed for a very long time now, with it's great price and stability, you won't really blame these old people or investors from picking Gold and valuable metals rather than Bitcoin and other crypto currencies.
As far as I know, older people like to invest in gold because these precious metals are worth something and they are used to owning these precious metal and when they need money instantly or if there is an emergency, it is easy for them to pawn it and so they think it is really a good investment, just like bitcoin and other cryptocurrencies now wherein you hold them but if ever you really need the money for emergency cases you can easily convert them and withdraw them.
Look at Donald Trump bringing back coal industry in USA. A single blade of a giant wind turbine which is 85 meters long has some 150 tons of steel. Heat released from steel factories and electricity used. Green energy looks dubious. The same can be said for traditional investments (gold and silver).
Gold has seen and survived World War 2, many wars, technology and industrial revolution, economic booms and economic crisis, 9/11 terrorist attacks in USA, central banks buy Gold.
It needs $4,000,000,000,000 for Gold price to go up by +10%. Look at the money and trust invested in Gold
Gold has seen and survived World War 2, many wars, technology and industrial revolution, economic booms and economic crisis, 9/11 terrorist attacks in USA, central banks buy Gold.
It needs $4,000,000,000,000 for Gold price to go up by +10%. Look at the money and trust invested in Gold
Precious metal is anti inflation investment so most older people who investing in gold or silver only wanted to protect their wealth while making a bit of profits at the same time, if you're looking at the history of gold since the gold standard was lifted and comparing to the downfall a few years back, precious metal still maintain its price. Some will argue that its tangible than any other asset like bitcoin, however older people also investing in stocks and bonds but they differ their investment since these instrument provide more risks than owning precious metal.
It actually depending on what generation you live in to. These old people's generation is far more different than us where we see cryptocurrency as an effective way of investment. These people loves to invest on physical things like properties, businesses, silver/gold, etc. I believe that only 2% to 5% of crypto investors are from those old people since most of them are not computer literate.
Gold's esteem, generally, depends on fear. Financial specialists get it when they think monetary standards are precarious or entire economies are unstable. Be that as it may, as far back as the grievous crash of 2008 with Europe and the U.S. attempting to recoup - gold has been a poor speculation.
Well, you said it all, they are older people who have been so used to the traditional ways of doing things, and trying to wrap their head around the whole newer generation way of investing and spending money is something they do not want to start disturbing their brains about.
Precious metals have always been a safe haven during economic downturns which they have seen as the best way to store value with less risk and being in the older generation category, high risk is something they would rather not be willing to deal with in their age.
Precious metals have always been a safe haven during economic downturns which they have seen as the best way to store value with less risk and being in the older generation category, high risk is something they would rather not be willing to deal with in their age.
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.
They use to live with it so they think investing with golds and silver can make them more profitable and of course some of them still don't know how to use our latest technology. Older people always love to feel their investment and since gold is really attracting they tend to buy more of that.
Thats closely true fact as I have seen my parents doing that all the time. They always try to buy gold whenever the prices for them are dipping a little.
Well they are now old and they have seen the gold pricing at half of what it is today! So they believe in its continuous growth and who would agree upon that.
I have also read one article where it does mention that the Gold rate always increase by around 7-9% each year and its so true this year as well since the gold prices has soared up a lot.
May be they have seen the real profits (and stable) thats why they invest in it.
Well they are now old and they have seen the gold pricing at half of what it is today! So they believe in its continuous growth and who would agree upon that.
I have also read one article where it does mention that the Gold rate always increase by around 7-9% each year and its so true this year as well since the gold prices has soared up a lot.
May be they have seen the real profits (and stable) thats why they invest in it.
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