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I was caught going through my kids piggy banks for 90%. I felt like an alcoholic getting busted drinking vodka in the closet.

Earlier today i asked my wife if i could cash in my kids piggy bank and buy him silver instead. She doesnt understand the Metalz market at all and thinks im a little crazy but she said it was ok, lol. I figure with no need to cash it in for 10 years it w9uld be hard to go wrong at the current prices.

I saw a family dumping a piggy bank into a coinstar today, I hope the kid gets the cash...

I am 45 I have a piggy bank that my sister made at ceramics class and gave to me when I was about 6 years old. I use it to store my odd silver finds (anything except halves). I went through it the other day and had about 20 oz of loose silver in there.

MatthewsTech wrote:Earlier today i asked my wife if i could cash in my kids piggy bank and buy him silver instead. She doesnt understand the Metalz market at all and thinks im a little crazy but she said it was ok, lol. I figure with no need to cash it in for 10 years it w9uld be hard to go wrong at the current prices.

Same here. My wife doesn't understand either and it's a slow process to get her onboard. I have a 6-month old and want to start a monthly stack for her now and all the way to her 18th b-day.

93_Confirmed wrote: Same here. My wife doesn't understand either and it's a slow process to get her onboard. I have a 6-month old and want to start a monthly stack for her now and all the way to her 18th b-day.

I do this for my niece and nephew. Each get an ASE a month until they turn 18. My other goal is at 18, I want to give each a 100oz. bar. I should save up now and buy it low since they have 17 and 10 years to go respectively and who knows what the price will be in a decade. Knowing my luck, I will buy it today and in 2024 it will be $10 toz.

Giving the kids an ounce a month is a great way to get them interested. Each month the 7 yr old gets to hold it, and put it in his special coin place. As he gets older, it will create a bond and he will start to learn about such things that my parents never taught me. It just opens the doors for so many other conversations. I expect my niece to follow the same path one day when she is old enough.

You need a Piggy Bank. What you do not need is a fee to cash it in! A penny saved is a penny earned less 10% or more!

knibloe wrote:I am 45 I have a piggy bank that my sister made at ceramics class and gave to me when I was about 6 years old. I use it to store my odd silver finds (anything except halves). I went through it the other day and had about 20 oz of loose silver in there.

A savings account at a bank has compounding interest, you had a compounding silver account right on your dresser.
Congrats.