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To teach my daughters about investing when they were young, I gave them some actual silver coins that I purchased — thinking these are tangible things, they can
by JKCalhoun 1y ago
To teach my daughters about investing when they were young, I gave them some actual silver coins that I purchased — thinking these are tangible things, they can track the price. Of course I bought at the peak. They're adults now but just might be seeing a profit on their coins.
I suppose lesson learned?
- KWxIUElW8Xt0tD9 1y agoThere is a time to buy, a time to sell, stocks and gold go through clear cycles where one outperforms the other, currently stocks have been outperformed by gold for 25 years. My kids bought silver recently and are up 17% in about 2 months.
- JKCalhoun 1y agoHa ha, shaming me as a dad, are you?
- lumost 1y agoWhile assets like stocks do better when currency depreciates in the short term, unless customers have proportionately more currency the price has to fall in-line with the currency in the long run. Gold etc. track a basket of currencies more effectively.