Should Millennials Care About Gold & Silver?

The general consensus I have seen following the gold and silver markets is that historically these markets have appealed mostly to the Boomer generation, and most people under 50 (or for sure under 40) did not really care about gold and silver too much. That seems logical. Most people under 50 have never lived under a monetary system based on gold or silver. They may know that some old US coins (pre 1965) were made with silver, but it is likely they have never gotten one in change in their entire lives. The rise of technology over the last 30-40 years means that most under 50 know a lot more about cell phones, tablets, and perhaps Bitcoin than they do about gold and silver. They have lived a lifetime so far without that mattering too much. It just seemed like gold and silver are something the old folks may care about, but why would anyone under 50?

It's been a fair question for the younger crowd to ask. In this post I will offer three reasons why they should care and (in some cases) might even need to care some day. Recently, there seems to be some increasing interest within the younger generations in regards to silver. I think these trail blazers are realizing they may be on to something interesting. Perhaps being an early adopter for silver may have some sound reasoning behind it that aligns with their vision of the future. So let's look at three reasons why they might be right.

1 -- Gold and silver have a long history as valued assets and as money. This has been true for thousands of years. Even though gold and silver are not used as money today, the number of people on the planet who value them as important assets starts with the letter B (not M). That s not likely to change any time soon. If that many people do care about gold and silver as important assets, perhaps you should too. At the very least it makes sense to make some effort to understand why so many other people care about them. While gold is sometimes dismissed as a relic from the past, there must be some reasons why the world's central banks own tons of it and are still buying tons of it even in these modern times. Right?

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William K. 3 weeks ago Member's comment

Quite an article, full of wisdom and insight, all very rational. And I would add that even iff one has no intention of owning gold or silver, they are still valuable indicators and reference points of the general situation. And that information may be important, on occasion.