PM for kids?

[GoldenPhil]

Today I showed my young lad some of the gold and silver i have. Possible he now thinks I am a pirate lol

Do you think it's good to introduce children to the idea of PM? If so what would you teach them about it?

 

[CadmiumGreen]

I, like some others on TSF, have introduced their children to PMs. Started out with them as gifts of coins in themes they would be interested in. For example, the IOM cat series for my baby girl (she isn’t a baby, but will always be to me), of which she prefers the Silver coins over Gold...yes, she does have one of the gold 1/5 oz Gold proofs. Also, picked up the full series of 5 oz Antiqued Lisa Parker Moon Gazer series...

 

I have given my son some silver pieces, as gifts as well...and a Gold Saudi Guinea, which was one of the restrikes, not genuine, but still gold nonetheless. As my son is older, I am better able to explain the value of Precious Metals and retention of wealth. This is so hard to do in their digitally ensconced life. And they get the treasure of the full stack/collection when I am dead and buried or flung to the wind. Which, one needs to ensure they document their stack/collections worth so they know the added details of the value for such contingency.

[Tn21]

Maybe reward birthdays with au ever year. They hit 18 and think wow look what daddy and I have amassed. 

[SurreyStacker]

30 minutes ago, GoldenPhil said:

Today I showed my young lad some of the gold and silver i have. Possible he now thinks I am a pirate lol

Do you think it's good to introduce children to the idea of PM? If so what would you teach them about it?

 

I think its a great idea to introduce them to it as part of a wider subject on investing and preparing for the future. A small little bar of silver would be pretty awesome as a kid to receive I think.

I personally tend to give PM as gifts rather than more generic toys that fill up houses / land fill!

 

[KitboyE17]

6 hours ago, Tn21 said:

Maybe reward birthdays with au ever year. They hit 18 and think wow look what daddy and I have amassed. 

Giving PM’s as presents is great fun. You get to talk about investing in a non-boring way and people of all ages get to hold and admire their very own pirate 🏴‍☠️ treasure. And over time, they get a small stack of their own to either keep or sell. 

[GoldenPhil]

Thanks for all the great comments. 

Today my young lad came up to me with a really shiny penny asking if it was a sovereign.  To be fair to him the size and colour was not far off from the 2020 sovereign 

[BullionBuyer]

Given that there is no financial education at schools it is down to parents to give their teachings.To that end it is never to early to introduce the young to PMs as I feel that this is a great place to start.