I'll put this up to the community...I've saved a few dollars for my 3 year old daughter which is currently wasting away in a money market. It's obvious that this is not an ideal place to leave the funds. Any ideas on how to allocate these funds? All silver, all gold, gold/silver mix, other. Feedback is appreciated.
I can't and won't tell you what to do, but I'll tell what I'm doing for my kids. A little cash.. a little silver.
Cash and silver, too.
Also have a custodial account sitting in cash waiting for the market to hit the end of the death spiral so it can ride the next bubble to ∞ and beyond.
Gold is a proven safe-haven and increasingly is becoming money again. And, it isn't prone to wild swings such as silver which is also an industrial metal.
A terrier with a smoke and an attitude .... priceless!
Thanks for the responses! I'm going to go with the cash/silver mix. Despite the foolishness of this I have put a little bit away in I-Bonds. Very interested to see what happens to these savings bonds when/if hyperinflation starts.
@Bobbi. Thanks. That's Barnabas - dearly departed - I miss him a bunch.