Post
Topic
Board Economics
Re: Why do older people like investing in Gold/Silver?
by
thomas_goal
on 14/08/2018, 18:57:07 UTC
The older people can only invest in what they understand and can see with there eyes. Fewer ones among them can relate with internet as much we young one do. Cryptocurrency is highly risky than the gold and bitcoin inform of its volatility and most of them cant take the risk with all their life savings. Gold and silver price are well predictable than in cryptocurrency. I know some cryto ethusaist will be old and will find it harder to convince their fellow colleagues on investment in the space.

Yeah I agree. The tangible value that these assets have is comforting because they can see it and watch it glimmer in the light. This seems somewhat safer than paper money, especially for those who live in countries that have economic instability. It also seems safer than banks, which can limit withdrawal limits (like Greece, which got capped at 50 euro a day). And it most certainly appears much safer than that crazy "Bit-coin" stuff that their grandchildren are talking about, which just seems like a surefire way to lose money. How on earth can bits be money??