Parents of today’s children are not very different from their own parents.  Just like parents in the past we all want more for our children then we had.  We want to keep them safe, away from harm and see to it that their futures are filled with health and happiness.  One way in which many parents are insuring their children’s futures is by creating an investment portfolio just for their children.

Parents save for many reasons.  However, the most common reason parents invest in their child’s future is for college.  As of 2009 the average cost of yearly tuition and fees at most 4 year universities in the United States was approximately $6,000.  That works out to $24,000.  That figure may seem controllable.  But the cost of books and materials is not included.  Also not included is the cost of room and board.  When those expenses are calculated into the total cost of a 4 year degree it escalates to over $50,000.  A figure, that for most parents, maybe less manageable.  Because of this, many parents have turned to a 529 fund.  These funds are pre tax and are a helpful way for parents to reach their financial goals.  However, these funds may fall short of their $50,000 goal and could often benefit from some type of investment supplement.

Gold coins are an excellent way to add diversity to any investment portfolio.  Gold holds its value and is not harshly affected by the stock market, like some other investment options.  There are several different types of gold coins to purchase.  Parents should locate a reputable gold dealer to discuss the many options available to them.  After deciding what type of gold coins to buy, parents must consider their storage options.  Gold is a tangible investment so there are many options for storing your gold coins.  The coins can be stored at a financial institution.  Most banks offer safety deposit boxes at a very reasonable rate.  For parents who would prefer to keep their investment close at hand, home storage is also an option.  Like any other valuable, it’s best to keep your gold coins in a safe or a lock box.  The safe or lock box should be in a secure area of your home.  To minimize the risk of theft, as few people as possible should have access to the combination.  However, because theft can occur at anytime, parents should take steps to procure property insurance for their gold coins.