I have been in analysis paralysis when it comes to where put my childrens money. I dont have enough in savings anymore, as it has been a rough couple of years for my wife and I, however my young children have quite a bit. So i was wanting to ask you all, where should i buy physical gold, and in what form should i buy it? The amount of money can only buy a few ounces so its not like a huge amount, but not quite sure where i should buy it and in what form. Any advice is appreciated, thank you!
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I am sure you have alot of silver, are 1oz silver bars a good thing to buy? I guess I don't understand why some people say to buy in coins etc.
Bars are good, the reason to buy 1964 and earlier us coins, they are good for trading if the shit hits the fan. Recently they are getting much harder to find. They are only 90% silver. Probably the best deal on a current national coin is the silver krugerand.
It doesn't make a lot of differnce, buy what you like that has a low premium. You and your kids will enjoy owning it much more
Thanks for the explanation and that makes sense!
One other thing gold is much more portable. You can put a few thousand dollers worth in your front pocket, if you have to bug out...... a lot of people buy 90% silver and about 10% gold to have the best of both worlds.
That's what I am thinking about doing, I really do appreciate all the tips!
Why do you think that 1 oz. silver bars are a good thing, but not 1oz. silver coins?
I didn't mean it like that, I meant is it okay to buy the bars because I like them and wanted to buy some. And I was wondering that because I hear many people say to buy rounds/coins instead. I am still pretty ignorant, just trying to learn.