New Era of the Modern Precious Metals Investor: The Coming Pension Fund Disaster
By: Steve St. Angelo, SRSrocco Report
GoldSeek.com
Monday, 4 February 2019
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 Rest…HERE
