I believe in summary the reason for the older people going more for gold investment rather than the new age cryptocurrency investment is mainly because gold investment has proofed itself over the years running into decades with little or no risk involved unlike cryptocurrency with some level of high risk involved. Also, having this summary that experience is the best teacher!
It may come to that but it already been the same or even have a greater value than gold. As long as you, yourself, is the only responsible for your investments then we can tell that the risk of investing through crypto is on a little bit hooked up.
Reasons why older people like invest in Silver and Gold because Silver is a precious metal, and like gold, it has an intrinsic value. Silver is widely perceived to be both a commodity and a form of money, and it has been used as a medium of exchange for thousands of years due to its inherent value. Investors buy Gold as for one reason a hedge, Hedges are investments that offset losses in another asset class. Many investors buy gold to hedge against the decline of a currency, usually the U.S. dollar. As a currency falls, it creates higher prices in imports and inflation. As a result, gold is also a defense against inflation.