savings bonds?

[rylee]

i always get my grandchildren savings bonds for birthdays and christmas and now i'm wondering if it's worth it.

i'm not looking for financial advice, just wondering how many are thinking this too? :thinking

[broken]

I know nothing, except a few months ago we cashed in our kids' savings bonds, and bought gold and silver for them, instead. Something tangible, instead of a paper promise.

[Rinji]

I'm gonna have to start asking my grandmother about mine. Maybe I'll call tonight.

[rylee]

is it a grandma thing to give savings bonds?:scratch

maybe i'll buy them barrels of oil instead!!

[broken]

Must be. It was my mom who bought the kids' bonds. We didn't tell her about the cash-in, and pm purchase. She thinks everything is hunky-dory with the financial system, so she would just be mad.

[GAB]

Go ahead and buy them. If the credit of the U.S. government tanks, you have many other worries first. I just cashed in a few to pay for my daughter's planned wedding.

[Homecoming]

I thought bonds where insured ? I have been buying then for my 2 year old .

[rylee]

homecoming, that's what i thought but i guess GAB is right won't make much difference then. i just don't want to throw $ away. ya i think i'm getting the oil barrel :nod

[Abiding Patience]

Bonds are still safe as long as the government doesn't tank. But there are more rewarding investments. I have some bonds that are about 10 years old and I have made less then $4 a year in interest. Now if at the time, I had bought the same amount in silver coins, I would have doubled by money by now. and the government couldn't tax me on the coins. Also, the bonds, and the money in my savings account, counted against me when I applied for finacial aid for college.

[rylee]

abiding patience, that's a really good idea!! i think i might check that out for christmas. :nod