Should I let my kid keep his gold or sell it and invest the money?

[searcher]

Dear Quentin,​

I did not grow up with any wealth and I am only now, in my 40s, and beginning to understand how to invest and save for retirement for myself.

However, with everything I’ve learned, I am trying to ensure my child will be in a better position and have knowledge and opportunities that I did not have.

For several years now, he has one section of his piggy bank for both saving and investing, and one for spending. At least once a year we count that up and it goes into high-yield savings and a custodial investment account (primarily in ETFs).

More:

MSN

 

[pmbug]

Relatives gift 8yo son gold and dad wants to cash it in. Great job dad. Maybe respect the people that gave your son such a valuable gift.

 

[nickndfl]

Hope the kid is smarter than his dad. Somebody send the kid a link to pmbug!

 

[Casey Jones]

If you ask that, of someone out of an organization that benefits from government ties and from seiginorage...you can be sure of the answer.

History tells us differently.

I no longer care. We are gonna have a monetary and societal crash, and people will die. I don't want to be one of the victims, but there WILL be some victims. I think there's limits to how many can save themselves - especially since it seems, now, Davos Man is doing all this deliberately, with malice.

Certainly the Jabs were developed TO hurt and kill.

So...call me Zorro Fox Gibbon.