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Author Topic: Why do old people like investing in gold and silver rather than crypto?  (Read 3317 times)

Offline Domithra

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Gold and silver investment has been in existence since the civilization of man. It has gained the trust of most ancient and old men of our time. Cryptocurrency and the king of it, Bitcoin, is just 9 years old. A lot of old people are not well inclined to this amazing technology. It will take some time to gain the trust of these old men.
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Re: Why do old people like investing in gold and silver rather than crypto?
« Reply #1 on: September 15, 2018, 03:10:00 AM »
Depends how old you're talking. I really don't know many 'old people' that have gold and silver investments. Most seem to stick with property and stocks, at least in my part of the world anyway. I would say it's the younger generation that are more inclined to invest in gold and silver, especially with the ever increasing distrust of banks.
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Re: Why do old people like investing in gold and silver rather than crypto?
« Reply #2 on: September 15, 2018, 03:48:30 AM »
Today's parents may not be interested, but I'm sure parents are in the 90's so they will be interested and try to know more about cryptocurrency, because those born in the 90's already know technology and understand it. I am sure that in the near future 5-10 years from now, it will happen.

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Re: Why do old people like investing in gold and silver rather than crypto?
« Reply #3 on: September 15, 2018, 04:20:28 AM »
Old people don't really know about crypto investment. They also seem to dislikes a speculative investment. Gold and silver have proven as good investment choices till now. While crypto has no guarantee for the success, even it is potential to get more profit than gold or silver. 
 
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Re: Why do old people like investing in gold and silver rather than crypto?
« Reply #4 on: September 15, 2018, 05:22:06 AM »
Simply because gold and other precious metal have its physical representation and not highly volatile. You can buy a gold today and wait for over a year before you see a good profit. Golds are used for jewelry its demand would not decline that far. Further, gold are not easily to acquire the possibility of affected by over supply is very slim. Whereas the demand for it is increasing every time in the year.
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Re: Why do old people like investing in gold and silver rather than crypto?
« Reply #5 on: September 15, 2018, 06:19:24 AM »
Gold is a real and visible item. While crypto does not. In addition, many parents do not know technology in developing countries so it is natural that they do not know crypto. I am sure the people who invest in crypto are dominated by people under 40 years.

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Re: Why do old people like investing in gold and silver rather than crypto?
« Reply #6 on: September 15, 2018, 07:50:15 AM »
Gold and silver investment has been in existence since the civilization of man. It has gained the trust of most ancient and old men of our time. Cryptocurrency and the king of it, Bitcoin, is just 9 years old. A lot of old people are not well inclined to this amazing technology. It will take some time to gain the trust of these old men.
That's why investment scams use Cryptocurrency, so people now have a second mind to trust the crypto. We do not blame them. In my opinion you can trust your knowledge and understanding about crypto currencies. that will help you understand the future of various crypto currency and will enable you make the best decision for your self!
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Re: Why do old people like investing in gold and silver rather than crypto?
« Reply #6 on: September 15, 2018, 07:50:15 AM »


Offline pelana vreo

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Re: Why do old people like investing in gold and silver rather than crypto?
« Reply #7 on: September 15, 2018, 08:05:16 AM »
Gold and silver have been known for a long time because both have real forms, we can see the crown of the king made of gold. different from Bitcoin, Bitcoin is still new and parents are still thinking of investing in bitcoin because Bitcoin still has no recognition from all countries in the world.

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Re: Why do old people like investing in gold and silver rather than crypto?
« Reply #8 on: September 15, 2018, 08:34:25 AM »
I think that parents lack knowledge about technology. What they know is investment in real form, namely Gold, Silver, Property and others. For us the Milelial generation will surely know and follow the development of technology that is increasingly advanced today. So there is nothing wrong when parents still believe in investing in the real world such as gold and silver rather than investing in the crypto world.
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Re: Why do old people like investing in gold and silver rather than crypto?
« Reply #9 on: September 15, 2018, 08:46:22 AM »
Basically, this kind of strategy is not a new trend rather it was an old ways of investment. Old but even until now is effective due to its foundation that it is safe ad secure investment not like crypto that not 100% guarantying the security and safetiness of your investment to earn more profits year by year.

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Re: Why do old people like investing in gold and silver rather than crypto?
« Reply #10 on: September 15, 2018, 11:39:21 AM »
I think old people doesn't trust cryptocurrency because they didn't know what is it, and how its works, although crypto investment can give you high profits in a short time period, but there's no guarantee if this kind of technology will last.

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Re: Why do old people like investing in gold and silver rather than crypto?
« Reply #11 on: September 15, 2018, 03:55:45 PM »
Maybe old people don't understand right about cryptocurrency investment, crypto money emergence. Also just now, they like to invest in gold and silver because it's illegal.

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Re: Why do old people like investing in gold and silver rather than crypto?
« Reply #12 on: September 15, 2018, 04:05:50 PM »
it's hard to leave the habit, maybe parents are used to investing in gold, Bitcoin is the future for online payment systems, we just have to wait for the time they will know Bitcoin from a very high price.
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Re: Why do old people like investing in gold and silver rather than crypto?
« Reply #13 on: September 15, 2018, 04:12:42 PM »
No one is spreading this to the masses, no one is talking massively about the positive aspects of the use of cryptocurrencies. Us this is simply no one teaches, which is why many still wary will look at this technology.
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