I talked the other day with my friends grandfather. He’s I nice man who I have known since I was 12 and he is always trying to give me financial advice. This time he told me that I need to invest in gold. According to him the price of gold has gone up dramatically.
He means well, so I checked it out this morning, in between the annoying calls from the harassing telemarketer. Of course I don’t have money to buy anything, but it still was of interest to me. Gold has been traded by so many cultures throughout history that it has to be a good way to invest.
Last year we had an exchange student from Germany who collected the US coins. That got me thinking that maybe that would be a good way to go. I could buy these coins they put out and eventually they may be worth something. I’m thinking buy one for each of my children as they are born and they can have it when I pass to do what they would like with it. I may give it to them sooner though. Of course I would also buy some for me. I wouldn’t stick with just gold coins either, silver is a huge deal right now and is hard to find. This could happen again in the future and I hope to be ready for it.
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