My theory is that people buy it as holiday gifts.
Whats the connection? Lets say if you are one of those who buy, are you really willing to just to give it to someone just for a gift?
Yes, it is true. I once knew a guy who bought 2 LTC at $25 per coin last year for his niece and nephew because he hoped it would help them someday with their education, buying an used car, or whatever it can help them with any unexpected financial situation.
It is similarly to setting up a trust fund.