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?
The older generation is not going to trust digits in a computer. They want something real they can touch and feel and bury in their yard. Remember once the government knows who you are and what your wallet address is (KYC) they can simply turn off your funds. All that is necessary is to label you a pedophile (this is their favorite move) and the people will cheer that your funds were seized.