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?
From their childhood they are listening to their parents that gold and silver are the best investments as they are precious metals and are safest to invest into because their market value falls rarely but will keep on rising in the future, so that's the reason that they love investing in gold and silver and not in other means as they think that those means are quite risky to invest into.