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?
Simply because they do not know about technology. Older people will not want to invest in what they do not understand and they hate high risk. When investing in this market, there are many ways for you to lose money. Hackers attack the wallet, fraud, trading floor collapsed. That makes many people stay away from investing in this market and they just want to invest in gold to make a profit every year.