As you know I recently had two new grandchildren this year alone. So that makes three and I just found out there is a fourth on the way. I used to buy them Savings Bonds for when they were born, Christening, Communion, Birthdays etc. Now they changed the Savings Bonds and I don’t like their new way.
I found Great Southern Coins. They have a lot of choices but I particularly like the 1 oz gold american eagle. If I knew then what I know now about investing and how important it is, I would have done this when my kids were born. They probably could have retired at about age 35.
They also have silver maple leaf coins, platinum bullion coins and silver coins just to name a few. I want my grand kids to be able to afford college if they want to go, or if they want to buy a car. You know how expensive things are now and they continue to go up every year.
Imagine what it’s going to be like in 18 years. So that is why I am starting now. There are so many people because of the economy that can’t retire any more until they are too old to even enjoy life. I don’t want that for my kids or grand kids.
Even if you don’t have kids yet or grand kids, you can still start buying and investing now. I don’t think you will lose money on these like we did a few years back with the stock market. You can’t guarantee anything that has to do with the stock market. With Gold and Silver, it always seems to go up. Well, maybe not always and I think there might have been a down time recently but that’s only for a short while.
Even if I just buy them each one for their birthday every year, it’s probably not something they are going to be happy with, but it when it comes to college time or car buying time or buying a house time, I think they will thank me. Like I said before, I am in my 50′s and even though my parents never taught me the importance in investing, I want to pass this lesson learned on to all the other young people that are just starting out. Remember, it’s never too late to start.