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?
Maybe because they are not so smart, or maybe it can be cause thats what they all know about. Gold and silver has been around for long time and are very popular, whereas Bitcoin is still new and not much people are interested in it. By the time they get to know it better, some of them might develop interest in it. And not all old people are into Gold and silver there are some old people that are into Bitcoin and altcoins and believe me, these people are so damn smart. Lol.