Mentor Moments Invest in Your Future Now

Grandpa Bill today continues talking about a balance of investing  suggested quotientperhaps 2/3 of precious metals holdings in gold and about 1/3 in silver?

Precious metals make for sound investing, especially as a hedge against inflation and counterbalance to investments rooted in fiat currency. While these are good reasons to have interest in precious metals, a third reason is to pass along the interest to the next generation. Teaching kids about precious metals is something that is very worthwhile but is not often discussed. The thinking might be there is no real interest in metals under a certain age or that there could be no genuine appreciation of precious metals as a collection or investment vehicle. While there may be some truth to that, many collectors began their interest in precious metals during their childhood.

Getting kids interested in precious metals now could be an ideal way to teach them about the global money system and the value of items that have never lost their value. The more children are instructed about money and the money system at an early age, the better they tend to be about handling money and navigating the system as adults.

Some of the ways to instruct kids about precious metals can include:

Including them to the purchase process

Coin collecting can be both enjoyable and profitable. If you would like your children to build a valuable coin collection , 

Ask them to read and learn as much as they can about the hobby. (Cited from: https://www.cointalk.com/threads/teach-your-kids-how-to-collect-precious-metals-and-coins.252641/)

collecting coins costs money, so you need to determine a monthly or annual budget for this. Secondly, you must decide what the ultimate goal of this coin collection is. Are these coins meant to help put the child through college, or are they just meant to be a nice gift that hopefully has some greater future value? Is this coin collection meant as a monetary investment to be cashed in someday, or do you mean for the coins to become family heirlooms which will be passed down through the years? Or perhaps your hope is that the child or grandchild will take up coin collecting as a hobby someday. Depending on what your collecting goals are, and what your budget is, you’ll want to buy different types of coins.

As an investment, silver can be a good way to diversify your portfolio. Another advantage of silver is that it serves as a hedge against inflation. Because it is a physical asset, it has intrinsic worth that dollars and other currencies lack. Silver also offers long-term value and does well when interest rates are low

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