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 Replies: 59 / Views: 5,038 |
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Pillar of the Community
United States
3670 Posts |
She is 14, and already will have 1800 in Pm's. I think it is safe to say I wish I was that smart at 14. And she only has about a 25 year average advantage on most of us, and that average may be conservative....
Two grand put into Pm's a year from 14 to retirement would be some stash, and I would bet everything I got vs. the naysayers that she will turn a huuuuge profit when she cashes it in, if she chose to take that route. End of story....
Edited by Silverhawk74
08/02/2011 01:07 am
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Valued Member
United States
103 Posts |
Silverhawk - I am not disputing the fact that investing in PMs is smart
I am disputing the fact that everyone is praising this parent for instilling in a child's mind that "IF (IF IF IF IF) she loses 1800 dollars, its perfectly fine"
Thats what I have a problem with - that stupid statement.
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Pillar of the Community
United States
3670 Posts |
If one invested that 1800 wisely in old NUMISMATIC gold and silver coins, even if the bottom fell out of gold and silver (which is not gonna happen), you would still have a huge portion of the investment intact. Again, for the NUMISMATIC value....
I could be wrong, but I don't recall Mk saying it would be "fine" if she lost all the money. Even if she did, no sweat eh for a 14 year old still at home, as opposed to a young adult out on their own for the first time, with bills to pay....
I know one thing for a fact, any kid that has had it easy, DOES NOT understand the value of even a dying dollar. Until you have gotten out an earned it through the sweat of the brow, you have no idea the value of money. And she obviously has worked more by age 14, than MOST young kids today....
Edited by Silverhawk74
08/02/2011 01:46 am
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Valued Member
United States
103 Posts |
Wow Silverhawk, its a shame that the one thing you know for a fact....is dead wrong.
Saying that any kid who had it easy financially fails to understand the value of a dollar is like saying any basketball player who's been good all his life fails to understand the value of his skills.
Tell your horse crap to Lebron James - James was always good at basketball, and that moved him out of the ghetto, away from life threatening situations, and helped keep his mother healthy. But using your logic, since he's had it easy basketball wise, he MUST NOT value his basketball skills - good one.
Your logic is so flawed its sickening. Your basically shoving verbal and rhetorical garbage down people's throats by saying kids who have been fortunate to live in a wealthy family fail to understand the value of a dollar.
Tell that to a kid who's family's wealth paid for his daddy's five hundred thousand dollar brain surgery. Tell that to a kid who's family's wealth paid him through 8 years of medical school to live his dream.
Your assumptions are so unbelievably wrong I'm glad for your sake you got into the silver business and not into the law business.
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Pillar of the Community
United States
3670 Posts |
My IQ actually dropped like 14 points tonight and last, just for converting with you, what a waste of time. And I am actually disappointed in myself for even taking part. You got it all figured out, you don't need any advice....
Indeed, you could be the worse debater I have ever encountered so I hope law is not your plans. And I think it is safe to say your parents money will keep you ahead the rest of your days, so no need to worry about investing in Pm's....
Don't even worry about your typical last word attempts, as I shall not waste my time reading any more of your posts....
Edited by Silverhawk74
08/02/2011 03:01 am
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Pillar of the Community
United States
802 Posts |
Sorry Rbethel, I am agreeing with Silverhawk on this one. He wasn't saying IN ALL CASES. He was saying an generalization. And I think his generalization is VERY accurate. I have seen this in life experience and I agree with his logic.
(and we know, not EVERY circumstance)
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Valued Member
United States
361 Posts |
Holy Cow ! Wonder what nerve got touched here. Simply because a Father wishes to introduce his Daughter to investing in some PMs someone decides to jump all over him, or try to anyway. The OP never said anything about it being ok to lose any amount of $. He also never mentioned that 1800 was a paltry sum. He IS making sure his child does not lose any of her initial investment which is his personal choice (and one that I agree with, having a 14 yr old myself) while teaching her the importance of making her money work for her. Could they lose some? Sure! Could they make some? Sure! Will they ever lose it all in PMs? Never! I say GOOD JOB and mix it up a bit as far as silver and gold go.
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Pillar of the Community
United States
2130 Posts |
Sounds to me like Rebethell11 just likes to hear himself talk. Poor guy just doesn't make any sense at all. What he is talking about has nothing to do with what the origianl poster was trying to get across. Silverhawk...I don't blame you at all for not reading or responding to anymore of his posts. You have tried and done all that you can do.
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Pillar of the Community
Canada
834 Posts |
Rbethel,
There have been countless times I have lost $2500 a night at the casino. I lost $32,000 in a bad investment a few years back. I have redicilous spending habits from high end designer clothing, to luxury cars to weekend toys like jet skis. I have no problem going out and spending $1000 on a pair of shoes because in the end its just paper, nothing to get worked up about, money comes and goes oh well nothing to worry over, you only live life once. I have my health a good family and friends. Investments come with risk, you jumping down a guys throat who is just steering his child into investing money that she worked for, yea she may lose it all and she will come out with a life lesson. I think you need to focus on your life and leave how this man is raising his child out of it.
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Valued Member
Canada
442 Posts |
yikes by the end of this I forgot what the original post was about.
Good on ya mkfarm. My dad showed me his collection when I was just a bit younger, but being the typical boy I spent all my earnings on candy and playboys. I say your daughter is already way ahead of the curve in the whole understanding savings and value compared to alot of others her age.
I don't see anything wrong with getting a 1 ozer of the yellow stuff! IMO it will be like a milestone thing.. her first 1 oz of gold!
As for the other guy, you need to chill. You took his "it's not going to break her" comment way too literally and turned it into a think of the children in Africa rant? You're crapping on him b/c he's willing to back up her investment because.. um.. she's his daughter and he loves her? I think you need to take a step back from the keyboard and realize what mkfarm is doing is a good balance of teaching about money, and also being a parent.
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Pillar of the Community
 United States
667 Posts |
Yes this one got messy and for the life of me I can not figure out why. But life is life and you just have to learn to roll with the less than stellar people in life. It is a part of life lessons on who to avoid. Like I tell my kids just give them a smile and keep walking. She ended up buying a 1/2 oz AE at a very good price on Monday for $812 and 20 SAE's at $39.50 OZ for $790. She got a really good deal at spot from a dealer that I buy from. In the past I have bough 1/10 AE at $5 over spot and SAE's at spot when he has them. In addition I ordered two Panda's when I placed an order with APMEX at $57.05 each for $104.10. I don't know much about Pandas but I felt this was a high price for a 1oz silver coins. With today's prices she made a little money :) I know it is only one small block of time and things can change one way or the other in minutes days or weeks. 1/2 Gold AE Invest $812 Current Spot - $822.18 10 SAE's Invest $790 Current Spot- $805.80 2 Silver Pandas Invest $104 Current Spot -$80.58 Now here is my question do the 2011 Pandas normally carry a much higher premium and does this follow through when you sell them? They look cool and they come in their own capsules. I did notice they have a buy back price $2 more than the SAE. I thought the price was high but she liked them and my feelings are she will just keep these for ever as a personal interest item. They really would not be something I would buy since I am a bullion person at the cheapest possible price. She will get to make another decision around September after she sells all of her sweet corn. Of course the number one place for most of her profits is a plain Jane savings account but just may be she might want to diversify some more of her earnings. Edited by mkfarm
08/02/2011 2:55 pm
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Pillar of the Community
United States
4008 Posts |
Guys... let's just hit the big IGNORE button and move on.
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Pillar of the Community
United States
3670 Posts |
Back on a peaceful note, I will say I will read R11's posts in the future, whether I agree or not, as well all deserve a forum to be heard. Life is to short to bicker, and like Ed said, much more mature to just take the high road....
"Sorry Rbethel, I am agreeing with Silver hawk on this one. He wasn't saying IN ALL CASES. He was saying an generalization. And I think his generalization is VERY accurate. I have seen this in life experience and I agree with his logic.
(and we know, not EVERY circumstance)"
Yes Wrestling was right, I was generalizing mostly, but I would be lying if I said I DID NOT have R11 in mind, lol while typing it. However, he could be the one exception to my theory of kids of wealth not understanding the value of a dollar, I don't know really know the guy, so I couldn't really say. I formed that hypothesis just on his own words....
Let me explain what got me thinking on this, and it had nothing to do with any posts here in this thread....
My girlfriend watches "Tha Kardashians", and sometimes I am forced to watch it, lol. And I doubt many of you have seen this show. Anyhow, Bruce Jenner, former decathlon Olympian married this gal named Kris Kardashian, and she had several kids from another husband and as well with Bruce. Like ten kids, and the youngest is a couple of teen girls. They got a hold of his credit card, and went on a spending spree. When the credit company called him to inform him of the spending, he went home to confront them. They acted like it was FREE MONEY, no big deal dad. He sent it all back, and took them to a homeless shelter. There they met a great gal their own age, and her and her brothers and sisters all lived with their father in a room smaller than their bedroom, and they were happy. A tight nit group. I promise you when those girls left that shelter, the looks on their faces alone, told me they had a better idea of the value of a dollar....
You all may laugh at that example, but I think those girls represent the typical thinking of the lucky kids of this world, and like I always say, my favorite personal quote....
"Don't presume you know for one second what it is like to be me, until you have walked at least one mile in my shoes."
Edited by Silverhawk74
08/02/2011 8:50 pm
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Valued Member
United States
172 Posts |
mk.....a lot of silver rounds are now carrying heavier premiums because the demand is a lot higher than it used to be.....as well as the fact that pandas used to have MUCH smaller mintage numbers, which now the older pandas carry HUGE premiums....people see what the old pandas are going for and assume the 2011's will do the same, which they will not because the mintages are in the millions as opposed to the tens of thousands long ago.......i myself bought one of each of the 2011 silver rounds from all around the world because I think they are works of art and a nice conversation piece.....MAYBE the premium will hold through the years just because of the high demand now, maybe not....
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Moderator
 United States
6563 Posts |
Quote:
Your logic is so flawed its sickening This thread has gone far off topic and I see no reason for it to continue. Comments like this and others that I have seen serve no purpose here and are not welcome by any means. |
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Posted 08/02/2011 01:22 am
