Welcome today I want to talk about getting more young people into stacking precious metals and why I think they’re not into it.
From my experience, most stackers tend to be older , 35-40 and up.
So, why do we need more young stackers?
(1) The first reason is that young people can market the metals. They’re more likely to use different types of social media and get the word out to their family , friends and others. We already see this with younger people and assets like cryptocurrency and sportscards.
(2)) The second reason is they can start small businesses with bullion and coins. Since they’re younger, they can take on more risk and they’ll have the energy to start small local bullion businesses. Not just in person but online stores too. I believe this could definitely bring in new stackers. And one good thing is that if the business fails, they’ve got collateral (the gold and silver) with value that’s really not going to wreck their financial situation as much as other businesses.
(3) The third reason it’s important to get younger people is because we need more people stacking. See the fact is the pricing of silver and valuing needs to change. With so few stackers it can’t be done. It needs to be determined not by the futures market. The amount to put down on these contracts is ridiculously low. And these contracts don’t represent the actual physical being traded and thus doesn’t reflect the true market price. So right now, for example, to put this in perspective, there’s more silver paper traded in a day than mined in a year. It’s my belief that we need a different way to value silver. It’s clear that the CHTF is not up to the task of regulating it correctly.
Now, why aren’t more young people stacking precious metals?
First, younger people are more interested in hitting the grand slam not necessarily getting base hits. So, what I mean by this is we’re much more likely to see younger people buying cryptocurrency or taking out loans to finance a speculative property purchase. They want the big returns, and quickly. They’re being sold this idea that they need huge returns on their money, and they expect it. They want the fancy cars and much more.
The second reason is they move around a lot. Right now, Millennials and Gen Z are moving around as they switch jobs more frequently, possibly getting married and starting a family. So, I think a lot of younger people don’t want to haul precious metals around from home to home.
Third and to add to the moving point, younger people are more likely to live in Apts which is definitely not ideal for owning precious metals. With an apartment your landlord can just walk in, and you may also have roommates too. So, security becomes an issue with an apartment for obvious reasons.
But what are your thoughts why young people don’t buy gold and silver?
