because for gold or silver, reliability and trust have already settled, which has been improving throughout the history of people
There are so many reasons why should you invest in gold. The first of all is its worth. Gold id the most precious metal in the market. Secondly it is reluctant to inflation. With the rising inflation, the value of any asset you own declines but this is not the case with gold. Its net value remains the same regardless of any market situation. Finally gold will never lose its intrinsic market value that is it will always have its demand in the market like it had been demanded hundreds of years ago. 
Topic: Why do older people like investing in Gold/Silver? - page 8. (Read 5247 times)
Older people’s perception of finance is in the past, they don’t understand cryptocurrencies. They are more willing to invest in areas they know. Cryptographic currencies are more popular among young people.
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.
think investors love precious metals for a variety of reasons. As a source of return in the portfolio, there is hardly much difference between gold and other important assets. Even if the economy is growing as well as weakening, it is a convenient asset such as cash or other types of financial collateral that always have the effect of minimizing risk in the portfolio.
Because they take decision according to risk-wise. That's why they are more likely invest in gold or silver instead of cryptocurrency.
This dates back to the era of gold smiths who earned great wealth in gold and silver. The precious metals were also accumulated by the UK in the ear of mercantilist. It was thought that a country can become rich by holding the maximum amount of gold and silver. The older people have this very same concept and the other reason is that they have been trading and earning in this business since the start of their business so they know all about the market and the risks that can be possibly countered.
I think they invest in gold and precious metals because it is a physical object that they can hold and store where they could see them. The feeling of actually holding something and knowing that it worths a lot could help them feel secured about their wealth. Unlike in cryptocurrencies which is virtual and that they couldn't physically touch it. Also, I do agree that because technology is new to them, they wouldn't trust it easily and invest their money and time in it immediately, so they stick with the old ways and beliefs about how and where they will invest their money.
The older people are usually investing to the precious metals like gold and silver because in the olden days its market price were stable and it could attract the confidence of the business community .In the olden days precious metals price was not fluctuating like the crypto market. Bitcoin or the crypto currency is incorporated with the modern technology it is very difficult to understand for the older people to operate. In such a situation the older people will prefer to invest in gold and silver.
I grand daddy once told me that, investing in Gold and Silver is both reliable and very lucrative. If you are smart, you can withstand any form of scam presented to you when dealing in God and Silver. Unlike crypto, where you can not even see the individual you dealing with, the level of trust is very small.
Simple; it is not riskful, they can get physical matter in their hands and gold and silver is a part of vanity and wealth.
They do really love gold investments because they believe that they can leave their gold to their children after their death and this is a good physiologic relaxing.
They do really love gold investments because they believe that they can leave their gold to their children after their death and this is a good physiologic relaxing.
Gold is an asset that central banks will increasingly use to shore up confidence in increasingly debased and volatile fiat currencies as excessively loose monetary and fiscal policies which may cause monetary instability.
Older people prefer investing in gold because they trust gold more than bitcoin and they might not understand about bitcoin and don't want to be too bothered with the rules and risks
They do associate the precious metals with stability. The money used to change all the time but gold and silver were always in demand. Therefore, they might not understand the cryptos.
because for gold or silver, reliability and trust have already settled, which has been improving throughout the history of people
Yes, true. Gold can live for millions of years - nothing will happen with this metal. Today, these people also invest in platinum as they know precious metals will be always in price.
Everyone is interested in investing in Gold / Silver because of Inflation! More specifically, the purchasing power of the currency is declining. Indeed, that is the best, most authentic reason to explain that people buy gold/silver. As inflation increases, monetary value will decrease. In the long run, almost all major currencies are down against the price of gold. Therefore, people tend to keep their money in gold/ silver.
Gold is easily moved or stored anywhere if you think the place is safe, profitable gold every year has a relatively stable additional value. The decline in gold prices is rare, has low maintenance costs or is almost non-existent because you just have to keep it in a safe place at home.
Older people always think about this.
When you save at a bank, of course there are other costs such as administration fees or money transfer fees. from another bank account, this fee slowly erodes your money, especially if the interest earned is not as high as the administration fee.
Older people always think about this.
When you save at a bank, of course there are other costs such as administration fees or money transfer fees. from another bank account, this fee slowly erodes your money, especially if the interest earned is not as high as the administration fee.
Older people are really more inclined to invest their money in gold and silver. than to include them in banks, securities and so on. Simply, on the one hand, they were often deceived by the state with their monetary reefs, as a result of which money simply depreciated or old money could not be exchanged for new ones. There have also been many fraudulent state and non-state structures that deceived the people. Money depreciated during the military operations and only gold and silver had always been valuable.
On the other hand, older people do not fully understand the securities, shares, other financial inventions of mankind, especially in crypto currency.
On the other hand, older people do not fully understand the securities, shares, other financial inventions of mankind, especially in crypto currency.
They like to invest in gold and silver because they find that gold has precious properties and they like gold reserves they hope gold will bring them much profit.
older people only know traditional investment and they think that gold is very safe for them so they like investing in gold and silver. besides that, they can see the physical form of gold and silver and they can use a deposit box to save the gold and the silver. but if they know that besides gold and silver, there is a new investment like cryptocurrency, I think they can try to invest their money with various coins in the cryptocurrency.
I am not an expert in this case I only issued my opinion as an initial person in this case, in my opinion, the public generally likes gold or silver because of its value, both people like gold or silver because of their lifestyle, third they like it for long-term investment 
We all know that gold and silver are being used from quite a long time and crypto's got popular from last few years.So may be for them gold and silver are more trustworthy and safe.Trustworthy because they are using gold/silver for investments from many years and safe because price is steady and not many fluctuations are seen in their price.
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.
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