Getting Kids on the Path to Smart Investing
Teach your children and grandchildren well about gold!
Many of Republic Monetary Exchange’s friends and clients add a little something extra to their gold and silver investments to have something to give their kids and grandkids.
That makes a lot of sense, according to the leading hedge fund manager of all time.
Most of what follows is from an article on Yahoo! Finance about Ray Dalio, who does the same thing.
Looking for the perfect way to get your kids or grandkids on the path of smart investing
Ray Dalio, the legendary hedge fund manager, has shared that he gives his kids and grandkids gold coins as gifts to start them on their investment journey. Dalio founded Bridgewater Associates, the largest hedge fund in the world by a mile.
According to Dalio, this lustrous metal is the best way to get kids excited about investing. He gives his grandkids a gold coin every holiday and birthday celebration.
Gold coins are an excellent choice for gifts because they are physical assets that kids can hold and appreciate. Unlike stocks or mutual funds, gold coins are tangible, making it easier for children to grasp the concept of investing. The unique beauty and luster of gold only help to capture their interest.
Dalio’s approach reflects a growing trend among parents and grandparents who want to pass on financial knowledge and skills to the next generation. Giving tangible assets like gold coins can be a great way to introduce children to the concept of investing.
By giving the gift of investing, they can set children up for financial success and teach them important life skills that are often not taught in schools.
Another great feature of gold is that it’s essentially timeless. Gold has been highly valued by people from all walks of life for thousands of years, and that doesn’t seem to be changing any time soon. As an investment, gold has also historically been a safe haven during times of economic uncertainty. This factor makes it one of the most popular long-term investments.
Ray Dalio
That is well said. For a couple of generations now, people have forgotten what gives money value. Why do people accept little pieces of paper in exchange for real things? They have forgotten the paper money was supposed to be a claim check or a warehouse receipt for gold and silver.
Over time people have become conditioned to think that paper is real money. But all that is beginning to change. With the failure of banks and high inflation, people are beginning to remember what they have forgotten: that gold and silver are real money. And unbacked paper and made-up digital dollars are fake money.
So do what the world’s leading hedge fund guy, Ray Dalio, does, and then teach your children.