Get ready for a new era of precious metals investor. That’s correct. Up until now, the primary buyer of gold and silver have been the older generation, 40-65+, but that will all change when the next financial crisis hits. The Millennials, or those in the 23-38 age group, have participated less in the stock market than previous generations. And, rightly so.
According to one study, Millennials preferred cash (30%) as their largest investment over stocks (23%). This should be no surprise as the older Millennials have experienced two market crashes, the dotcom NASDAQ crash and the 2008 market meltdown within a decade. Furthermore, the Millennials are likely very concerned and worried about the massive underlying debt and leverage in the system. Of course, it is probably true that most Millennials don’t understand the details of the financial markets, but have an excellent innate ability to recognize that SOMETHING IS SERIOUSLY WRONG.
In my newest video update, New-Age Precious Metals Investor: Pension Fund Disaster, I discuss how surprised I was to learn that the largest age group that followed the SRSrocco Report website were the Millenials, not the older generation. Now if that wasn’t surprising enough, the next largest group of readers came from an even younger group, aged 18-24:
The chart comes from my Google Analytics dashboard so that you can thank Google for that statistic. How on earth does Google know the demographics of my website, that is a subject matter for another day? Regardless, while the mainstream media suggests that the younger generation are less interested in finances and politics, I actually believe they are hungry for GOOD INFORMATION. Unfortunately, they will not find quality information in the mainstream press. Which is precisely why many of the Millennials are quite concerned about the future and continue to question everything.
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