3 Ways Gold Savings Can Benefit Your Children and Family

As a concerned or aspiring parent, you want to give your children every opportunity in life and secure their financial future.

One way to do this is to give them financial education and start building their wealth in the early stage of their lives.

There are several important reasons why gold and precious metals can play an important role in this journey.

Let’s see why.

Physical gold is an investment that lasts for generations

One major benefit of physical gold is how durable it is, both financially and physically.

First, unlike some other forms of investment like real estate, gold doesn’t need to be maintained and won’t lose value because of its physical state. That is if you store it well.😉

Second, history has shown that gold can withstand major highs and lows in the market, and even when its value goes down, it will most likely go back up again at some point.

This is why your gold savings can be an excellent way to invest in the future of your children and grandchildren, so it can be passed on from generation to generation.

Gold protects against inflation

One thing that makes gold savings unique, as opposed to bank savings, is that the precious metal is resilient against the devaluation of paper money caused by inflation.

In other words, gold doesn't lose its value as paper money does.

If we look at historical data, gold emerges as a clear winner in the “battle” against fiat currencies that have lost around 80% of their value against gold over the past 20 years.

The chart below pretty much says it all:

An explanation for this is quite simple: unlimited money printing devalues currencies, while gold cannot be printed or created out of thin air, which gives it a natural and intrinsic value.

And because gold is a physical product (and a rare and precious one) when inflation rises its price generally tends to do what all physical product prices do in times of inflation: it goes up.

This is why saving some gold for your children can help them minimize any losses that may occur if their paper money savings start losing value.

The value of gold is recognized worldwide

Another very compelling reason for investing in gold for your children is that its value is recognized in virtually every country of the world.

So, in case our monetary system breaks down, some legal tender gold coins might come in handy.🙂

It’s not that we’re saying the monetary system will collapse anytime soon, but you get the idea, right?

As an asset recognized everywhere, gold is traded in almost all countries and can be exchanged for paper money globally.

Just keep in mind that, if you or your children move to another country and need to take their physical gold with them, they could end up paying some taxes to local tax authorities to bring their gold in that country as well as upon resale.

To prevent that, you can choose a storage solution like GOLD AVENUE, where the gold will remain stored securely in our vaults in Switzerland. That way your children can move anywhere in the world and still resell their gold back to us instantly online, without commission.

2 things to discuss with your children if you decide to buy gold for them

Saving some gold for your children will help them secure their financial future but, before you do it, there are two important things to tell them:

• If you want to store your gold at home, don’t forget to tell them where you keep it. Because, if you decide to bury it in your backyard, chances are they might have a hard time finding it. Oh, and don’t forget to include your gold investment in your will.
• Tell them that physical gold is a long-term investment, and although they can sell it at any time, it’s important to follow the gold price and choose their moment wisely.
• Finally, there’s a general view that gold and rare coins should be held for at least five years, so remind them that this gold you are buying for them is a nest egg or a fund for their future. And maybe even the building stone of their own children’s future.