01/25/2013
Ok sharing some from our family to yours. As most parents we started savings accounts for our kids, that they will get when they turn 18. We put money into regularly, as well as occasional holiday money. One of our daughters after all these years had amassed a few thousand dollars, so I looked at the interest that she earned in 2012, $.83. It being a long term investment I looked around for the different traditional options. None of which is even offering anything that even covers inflation. So a friend, suggested that we look at silver/gold so that is what I'm going to do. What are you doing to protect your kids savings from inflation?
A few tips I was able to find on the internet that seem practical:
Ten Commandments for Buying Gold and Silver
Always take delivery.
Never buy premium if you can avoid it.
Buy bullion for business, numismatics for fun.
Buy silver first, then gold.
Buy small gold first, then large.
Never buy exotic coins or modern rarities or anything you don't understand.
Know your dealer.
What governments can't find, they can't steal.
Never swap bullion coins for U.S. $20 gold pieces.
Never break the law.
