Reply to ISO: Advice for protecting long-term savings

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Do you have an emergency fund?  How old are your kids?  How much are the metals worth?  [/quote]

Yes, we have an emergency fund and UPS stocks from 20 years of buying from each paycheck through husband's job, and we live within our means. So the precious metals are just this windfall that we do not need for daily expenses. The metals are $70k now, it's several pounds of silver and a few ounces of gold, silver bought in the $18-$25oz range and gold at $1500.

This is my kids best chance to have a launch pad when they're older, something that neither my husband or I ever had and I have no idea what to do from here to ensure that they have it when they need it. Currently ages 3, 6 and 11.[/quote]

It's honestly pretty crazy. I can't save if my life depends on it. Spend every penny on whatever. Then a few years ago, stumbled into message board posts by people who collect precious metals. And I figured "this is the cure for my poor shopping habits. I'll just buy shiny stuff and it'll arrive like any other package with that dopamine hit, but instead of money wasted, its locked." And this year I wake up one day and it's worth $70k. Never in my life have I had so much money basically by dumb luck. Would love to make something of it for the kids.[/quote]

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