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?
Gold and silver are the most precious jewels. This is the old fashioned way in investing. People like this because they can keep it and anytime they needed the money these are saleable. The risk is very low also becs. The items are in your possession. The disadvantage of course is that your money will become stagnant and will not earn interest.