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jbfan 02-12-2013 05:29 PM

Grandson's 1st birthday
 
My grandson's 1st birthday is coming up, and along with the usual stuff that he will outgrow in a week or two, I'm looking for something for the future.


Any thoughts on gold, silver, cd's, savings bonds?

beenthere 02-12-2013 08:24 PM

All of them are good. But you might want to make it that he can't touch it until he is X years old, or going to college.

joecaption 02-12-2013 08:54 PM

I could not rember one thing someone "gave me" but I do remember them taking the time out of there lives to spend it with me.

paintdrying 02-12-2013 10:16 PM

Silver for sure. Buy him a American Eagle one oz coin. Buy the time he is 18 he will be able to buy a house with it.

gma2rjc 02-12-2013 10:24 PM

Lottery tickets..... just kidding.

My first choice would be silver also. It's still affordable. If your finances allow, gold would be the best buy.

jbfan 02-12-2013 10:40 PM

Quote:

Originally Posted by paintdrying (Post 1116215)
Silver for sure. Buy him a American Eagle one oz coin. Buy the time he is 18 he will be able to buy a house with it.

I'm looking at past prices, and I don't see a lot of swing for silver.

Right now I'm seeing about $32 or so.

Do you buy them online or find a coin shop?

hyunelan2 02-13-2013 12:07 PM

If you are trying to give a present for the future, savings bonds might be better than metals. You actually know what it will be worth in X years, and there is much less of a chance that little Johnny will sell his stack of coins without anyone's knowledge for $5 when he is 13. For my twins' 1st birthday last summer, we received mostly cash gifts that we put into their account. If the parents are to be trusted with money, or are keen investors/savers, this might be even better. However there won't be the "grandpa gave me this for my 1st birthday" factor, it's just dollars in an account.

If you look at gold, it's not a good time to buy. It has been going up since 2001, sometimes at astounding rates. Since 1980, inflation-adjusted average growth is about 4%. Since 2000, it's an annual average of about 12%. The law of averages says the price is going to fall, and there needs to be some negative growth years to average-out the gains it's had over the past decade. For those that bought gold in the early 2000s, good investment. Jumping on the gold-train this late could be an expensive gamble, however. That's why there are so many commercials and quasi-celebrities pushing for people to buy gold now - they want to cash out their holdings at high-value.

paintdrying 02-13-2013 02:05 PM

I would buy from a local coin shop. Unless you are looking at a hundred coins. I would agree gold is not a good buy right now. It may go way up, way down, stay the same, who knows for sure. I will say, gold will never be worth nothing. But neither will the US dollar. No disrespect but as long as we can go to war the dollar will be strong. Silver is very under valued now and is much prettier than gold. I still have the silver coins that were given to me at a very young age. It is the only real memory I still have of my Grandma and my paper route.

jbfan 02-13-2013 03:13 PM

Thanks.
I bought him a 2013 american eagle silver dollar.

I'm also going to give him a 2012 in a congratulations it is a boy holder, cause I never got him a being born gift.

The guy at the coin shop hasn't had any gold for a couple of weeks.


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