Topic: Why do older people like investing in Gold/Silver? - page 7. (Read 5247 times)
This is all about the difference between generations. The old generation saw different things and lived differently. Safe investment instruments in their time were only bank rates and metals. And they still believe that these are safest. We shouldn't be surprised that they make their investments in this direction.
Because people use gold as a protective barrier to offset losses in other asset classes. Many investors buy gold to counter the dollar's depreciation, usually dollars. It also protects you from the consequences of inflation. And gold is also a safe investment channel that protects investors from major disasters. Why gold is the only caste that has such unique characteristics? That is because in history, gold is a form of money and then money is valued by gold. Therefore, gold makes investors feel safe because it is always valuable no matter what happens.
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 in those days they used to save money and trade always in the form of goods or gold. so they are afraid enough to invest their money in the invisible, or unreal. on their basis the lack of knowledge today. 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?
They are stable for a long time and they are great for saving your money
because for gold or silver, reliability and trust have already settled, which has been improving throughout the history of people
Old peoples still have traditional mindset. They always think that investment should able to see and touch, like gold or properties. Bitcoin or cryptocurrency is digital investment and they still not believe it untill they understand technology behind crypto.
There are many ways to explain why people invest in gold, but overall they are all about meeting their financial goals. Because they view gold as a precautionary measure when inflation occurs, as inflation rises, currency values will fall. In the long term, almost all major currencies are down against gold. However, there are those who invest in gold for the wrong reasons. In this way, they end up with an inappropriate investment product and may put their financial goals at risk.
because for gold or silver, reliability and trust have already settled, which has been improving throughout the history of people
Old peoples still have traditional mindset. They always think that investment should able to see and touch, like gold or properties. Bitcoin or cryptocurrency is digital investment and they still not believe it untill they understand technology behind crypto.
because for gold or silver, reliability and trust have already settled, which has been improving throughout the history of people
Old peoples still have traditional mindset. They always think that investment should able to see and touch, like gold or properties. Bitcoin or cryptocurrency is digital investment and they still not believe it untill they understand technology behind crypto.
Older people remember the days of hyperinflation. Now situation is normal in most of the countries, but during the 1980s and 1990s, inflation rates of 20% or higher were common in most of the third world nations. Bullion was one of the few assets which were protected against this inflation back then.
That is right. Bullion and gold has this great property of staying resistant to inflation and did not loose value even if there was inflation in the economy. This is just because the demand for such good never reduced. Gold has been one of the expensive and most wanted metal particularly in the era of monarchy who always choose to hold gold to improve their financial power which in other words can be described as influence over other countries. This is the reason older people inherit and choose to invest in these metals to replicate their wealth.
Because before the stock market was born, they knew how to use gold/silver to hold assets instead of money. They are older, they do not have minds like us so they can not invest in stocks with very high levels of risk.
This is my personal opinion!
This is my personal opinion!
I am sure that all old people are wanted to invest in gold or silver even now because they saw that the value of it are not changing so that's why they still want it and invest with it so I cannot blame them until now because even me also are wanted to own many of it or even I can find some of it to sell and earn money.
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 already get a lot of profit when investing in gold or silver. Therefore they continue to invest in both of these. Because what I know is that if we invest in gold, of course we can get big profits.
The older generation is accustomed to material values that can be touched but the younger generation has many virtual values.
There are still a lot of older people are like to invest in gold and silver because it can be touched unlike on cryptocurrency but now there are also a lot of older people is trying to invest in cryptocurrency because it is also a profitable.
At me they associate with reliability checked up by time I think and at old men also
because they know that with silver or gold investment the price tends to be stable on the market and other gold and silver have become valuable items since time immemorial, while crypto tends to enter the modern era when technology advances and people know the internet besides that crypto prices tend to be unstable sometimes it rises so that it can produce many benefits and often also drops very dramatically. My assumption is that they choose silver and gold as valuable items to invest.
Older people would want to stick with gold or silver because its all they know.. from the gold rush western movies of the 40's and 50's to the historical cultural traditions of people hoarding gold in times of economic depression.
For me I think the gold market is hyper inflated and we won't see a drop for 10 years.. im not into manipulated markets.
Id personally like to see helium be a commodity.
For me I think the gold market is hyper inflated and we won't see a drop for 10 years.. im not into manipulated markets.
Id personally like to see helium be a commodity.
Perhaps old people prefer precisely these assets, as they themselves participated in the extraction of these metals during the gold rush.
Gold has always attracted the attention of people and is considered the safest asset, especially based on the view against inflation and the depreciation of money. As inflation increases, monetary value will decrease. In the long term, almost all major currencies are down against gold. Therefore, people tend to keep their money in gold. In times when inflation is still high, especially when it's in double figures, for a longer period of time in the economy, gold becomes a hedge against inflationary conditions. Gold usually works well in times of geopolitical crisis. That is why people still investing in gold
in my opinion, there are several factors many people choose gold because
- Gold has a fixed and non-volatile price like bitcoin
- The price of gold tends to increase when the cost of living increases
- When economic conditions are falling, the value of gold will increase drastically
- The price of gold is not regulated by the government
- Gold can counteract inflation
- The risk of loss from gold is minimal
The general mentality of older people is like my parents. They don't like investing in securities or cryptocurrency because they are volatile and they don't understand too much about the new market. It is possible that their perception of asset management is outdated. And they come to gold as a comforting old age.
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