Gold Gift

I'm always in favor of classic gold!

I don't know how much I can spend, I have two kids, and would like to buy about an ounce each year for them. At today's market, I am thinking around $1,000 invested in gold for each child.

What would be your investment? I would hope that my children would not melt whatever it was, and I would give them strict instructions when I turned the gold over to them about its worth and strictly advise them not to use it to purchase items - even a down payment for a house. But once I turn it over to them, it is obviously theirs. Being children, they won't get to handle it until older, heck, they might not even learn about its existence until they are much older -

And on that note, let's say 25 years from now would be the first opportunity they would have to gain possession of it. So the plan is a 25 year plan (maybe even longer - but stick with the 25 year plan for purposes of this thought experiment).

So I really want to create a store of wealth for my children. For your further information, know that I will also be saving $ in bank accounts for them, and I will be making other investments for myself and them. So gold will be another form of investment for them.

Would you buy various gold coins - buying them as opportunity/money/deals came along? Strictly buy bullion of the same type, but each year buy that year's dated bullion? Would you pay more for a graded coin? I am looking for some/any ideas. Make any addition criteria you can think of.

One thoought of mine, was to but AGE one ounce for each year, and buy that calendar year. I would buy BU, and through them in a tube each year and slowly watch it grown. Along with that, I would but a tube of silver eagles for that calendar year. (If I did that, I may also go back to the year of their birth and play some catch-up and obtain those coins as well).

But the general rule, is that $1,000 worth per child (at today's prices) for over a 25 year period. You can make your own criteria as necessary for any other point.

novillero, will you adopt me? I could use some gold

Remember to diversify, diversify and diversify.

Gold is nearing the end of it's bull run. It's up over 200% in the last 7 years and should peak out within 2 years. (Speculation on my part)

A healthy mix of assets is your best bet and with the amount of money you're talking about investing, it would be good to speak with a competent financial advisor.

One other thought: Some colleges allow you lock in tuition rates for your children. Consider that also.