Too many parents today grew up with parents who were financially illiterate; for them, “investing” meant saving their coins in a piggy bank, and maybe opening a checking account at the bank. Today the only stable investment we have is Gold or silver. Thus, it’s probably the best medium to teach your kids about investment.
Stocks, ETF’s, mutual funds or bonds are too complex for a young mind. Something like a gold coin or a silver bar may be easier to comprehend. Why don’t we teach our kids about investment with Gold?
Lack of financial education could be one of the reasons so many families are under unprecedented debt loads, and why it seems like millennials, of all generations, aren’t saving enough for retirement.
Compared to when you were a kid today, you know a lot more about investing, the importance of saving, stock risks, and portfolio diversification.
As your kids get older, it becomes time to think about how you can teach young ones about investing, and how you can do a better job than probably what your own parents did.
With the holiday season approaching, why not skip the expensive electronics and give a gift that will keep on giving?
An investment grows in value; the iPhone X will be obsolete in a matter of years (well, 2 years to be specific), while the price tag is enough to set up a gold bullion investment with an ounce of gold.
Physical gold is a great way to start someone off in the world of investing because it’s something of value that you can hold in your hands.
Although, you will want to lock it away in a safe, a safe deposit box at the bank, or in insured, allocated storage with a gold dealer.
Gold bullion is one of the most sensible long-term investments you can make, and when you’re dealing with your children’s savings, long-term is the name of the game.
Whether you want to help set up a fund for their education or give them a seed to fund their first home when they grow up, gold bullion is a long-term investment that not only maintains but increases its value.
Over the long term, its value keeps ahead of inflation, especially in times of very high inflation, as was seen in the late 1970s when inflation in the US was at a record pace, and gold reached historic highs.
But you don’t need more reasons why gold bullion is a safe, effective investment and a good teaching tool for your kids.
You need to know where you can buy gold online with low premiums, fast and insured shipping, and storage solutions.
While physical gold makes a real, tangible gift, anything with more gold in it than a 1/10 oz gold coin might be too valuable to keep around the house.
It is good to buy metal ETFs, but to have something tangible to hold on to. Let your children know how gold can be more valuable than an iPhone, buy them the physical gold for their future and store it securely until they have the need to sell it.
You can own the real thing and store it safely with Silver Gold Bull or at the bank.
Whether they’re six years old or headed off to college, it’s never too early or too late to learn the importance of investing.
Lay the foundation to their portfolio with the gift of gold bullion.
Parents, Let’s share your methods of making your children financially wise? My boy is about 2 years and in another couple of years, I need to seriously implement the ideas I spoke about here.