Precious metal
My family has for generations always invested some of our money in gold. I can remember being given gold coins for special occasions like my twenty first birthday, and I gave a gold coin to each of my own kids when they reached their twenty-first birthday. I think it is a nice tradition and I am quite comfortable in suggesting to my kids that they invest some of their money in gold bullion.
I would recommend that people store their precious metal coins and bullion in a safe deposit box, however. With the current economy the way it is I have some concerns about people keeping valuables in their homes! I’ve heard several friends tell me that they have safes in their homes that they keep their valuables in, but I really think that a safe deposit box is the better way to go.
