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?
I think they prefer investing in precious metals because, they assess the investment in precious metals is safer because there are physical objects as collateral, besides that the price of precious metals also tends to increase every year so they can calculate the profit they will get after saving it in the long term a certain time, in contrast to investing in other commodities such as stocks even though there is physical security from a company's stock but the price tends to be volatile and risky if we cannot take advantage of opportunities and risks that arise