A 14 Year Olds Investment In Pm

R11 ,your 18 years of age is shinning through, lol. Why are you here? If you disagree with all that we speak what is your interest in Pm's?

You remind me of every other know it all kid I have ever encountered (including myself, lol) in my days that is ten times smarter than people twice and three times their age....

Like dad says..."How come your three times as smart as me, and I am three times as old as you?", lol...

He also says...."First realize how DUMB you really are, then perhaps you can begin your journey towards becoming smart one day"

I was smart enough to absorb it, are you?

I was just razzin you a bit, like my ol man would have, think nothing of it, lol....

"Your mindset is ridiculous"

Remember the golden rule, we all don't agree and that is what makes this world so diversified and great? If we all were born to be a doctor, everyone would get health care, but as far as having a hospital to work in, perhaps not. As you would need construction workers and carpenters to build hospitals....

As far as risk, taking that 1800 to the roulette an putting it on red is risk. Sticking your foot into an underwater cave, hoping a 75 pound catfish bites it while noodling instead of a water moc or a snapping turtle is a risk. Investing in gold and silver right now in these times is not much of a risk. Until you sell, nothing is a risk. She may sit on the stash for fifty years before she cashes it in. You think it will be worth less lets says in 11 years when she is 25? I doubt it, it could happen. Aliens could land on my roof tonight, and offer to fly me off to another galaxy for a nice getaway, but I am not gonna hold my breathe....

As far as the dollar and the USA, yeah it will recover probably in time, but it is gonna take years. And if you don't think the politicians in office have nearly ruined the great country you live, and sold our jobs off to country's overseas thanks to "ridiculous tax regs", you are fooling yourslef and have blinders on....

I got nothing against you or anybody here R11, and I would not have wasted my time of typing all this if I did. I would have just tilted my head and said geeeeez, and moved on....

Your a funny guy. It is about 10% of what she earns a year. In case you did not follow the conversation. She raises her own sweet corn and beef cattle doing the majority of the work and yes her business costs come out of the profits.

She could be like some kids and do nothing but she likes what she does. So I would think she would be insulted to know an adult would assume she was just give things. Like I said it isn't the most easiest work for most kids. She started when she was 12 when she use to raise Holstein calf's for the local dairy farmers.

In any event the post wasn't to talk about how she earns her money. She just does and now she is going to take a small amount of her profits and invest in PM's. Thus more fairly diversifying her money. She doesn't have to justify her choice of investments to anyone she earned her right by hard work and doing things most kids will not do.

So now back to the PM issue she is in love with Pandas. So I know there will be some silver Pandas on her list. Not my first choice but I know a local seller who has small premiums on them. She is also hedging towards a 1/2 oz gold Maple.

So Rbethell11 I'm not going to argue with you and if you would please you can start your own thread about why people should not invest 10% of their money into PM's.

And mkfarm, if you want to tell me about "business costs" and "10%" and "profits", please at least get your facts right.

First off, she's 14. An agricultural business' main employer is the government - it's not your daughter's business - not by a long shot. Because of the safety hazards outlined in the child labor laws, a 14 year old is unable to own an agricultural business....it's just not legal. So no, it's not her business, it's yours. You must be 18 to legally own you're own agricultural business. So technically, it's your business, not hers. Now - businesses that are purely made from the land one lives on are technically owned by the government. The government can at any time claim YOUR business, not hers.

Thats just some side information. Your daughter has no business in farming - disagree? Buy a basic introduction to business, economics, or entrepreneurship textbook.

You just won't take a friendly hint. I'm not here to argue using PM's as an investment tool. I guess she could have trade her IMAC in like you did for an upgrade or spend about the same amount on an I phone with a data package and subscription. I'm sure that helped feed a few kids for two years.

Just do me a favor move on if you have no interest in PM's. Your are just about starting to you know what with me.

So in the interest of not making me really jump on you please move on and do it fast.

Rbethell 11, I'm going to "go out on a limb" here and guess you are a liberal. You criticize the gentleman's parenting skills while admitting that you don't really follow your own parents' advice when it comes to buying "idiotic junk". Ah, what would we do if we didn't have the "do as I say, not as I do" people looking out for our best interests? You're not a former community organizer, are you?
For the record mkfarm, I applaud you, and your daughter, for being the type of people who have made America what it is. At least until the liberals manage to put a yoke around the neck of the majority of people (see how I worked in a farming term there:) and make them reliant on the government for their very existence.

Although I am not a moderator, I have to come in here and suggest that you folks stick to the coin topic at hand (started out as advice on precious metals and gold vs silver) and not get into personal attacks on parenting styles, political discussions and things that don't pertain to this topic.

I think a mix of gold and silver is good and if she's in for long haul, like years to decades, she will probably be ok. We are currently at historical highs for gold and silver (close) and if your daughter needs the money in 5 years for college, she could take a big hit when the economy recovers.

I agree with instilling in children how to use money. So many kids nowadays blow their money and are taught nothing about how to handle it, invest it or save it. It's no wonder that so many people live paycheck to paycheck, complain about lack of money, but insist they must have the $100/month cable/phone/internet plan.

If you are getting 1-2% interest on savings account, you are doing incredible. Most banks are at 0.1-0.5%. Savings bonds pay more, as do CDs- safe investments. The riskier the investment- the more to both gain and lose. As long as you clearly tell your daughter she could lose 50% or more of her money down the road if forced to sell when precious metals have fallen, it's her hard-earned money and if she wants to put some into precious metals, then good for her and good for you for taking the time to discuss all this with her- hallmark of a good parent!

I totally think you are doing the right thing MkFarm...Infact, thanks for sharing with us. Because of your story I think I may present my son with the same idea when he gets a little older in a few years!