Parents want the best for their kids. And so, they shower them with gifts on their birthdays, anniversaries and festivals to the best of their abilities. However, what is considered the norm today is changing rapidly. Instead of toy pandas or cars, one can see children receiving gold pendants and chains this season.
The idea behind gifting gold instead of toys is to help kids build a secure future in case something goes wrong. We all know that everything comes at a cost and hence this article will highlight why one should gift gold jewellery to kids instead of toys and why gifting gold makes sense from financial point of view.
Why One Should Gift Gold Jewellery To Kids Instead Of Toys?
Nowadays, there are many reasons why one should gift gold jewellery to kids instead of toys. Firstly, unlike toys, gold jewellery is a valuable asset. It can be passed on from one generation to another. This will not only link the child to his or her family but also help in inculcating the value of investing in gold.
Secondly, one needs to spend lots of money on toys. Even if you don’t buy expensive toys, you need to maintain them. On the other hand, you can gift gold jewellery without breaking the bank.
Finally, when your child grows up, he or she will be able to sell the gold jewellery in exchange for cash. This money can be used to fulfil various needs such as taking care of educational expenses or investing in real estate.
Why Gifting Gold Makes Sense From Financial Point Of View?
The idea of gifting gold instead of toys is to help kids build a secure future in case something goes wrong. Gift your child with gold jewellery and you will be gifting them with a secure future. Unlike toys, gold does not spoil with time. And the value of gold jewellery increases with time.
You can gift your child gold jewellery when they are babies, toddlers or even when they are teens. When you gift gold to your child, you are actually gifting them a gift that keeps increasing in value. If your child is between the age group of 5 to 18 years, he or she will be able to sell the gold jewellery in exchange for cash when they are ready to settle down.
What To Look For When Buying Kid’s Gold Jewellery?
The first thing you should keep in mind when buying kid’s gold jewellery is the age of the child. If you are buying a gold pendant or chain for a toddler, make sure that it is not too heavy for the child to wear.
The same goes for buying gold jewellery for a baby. Next, you need to make sure that the design of the gold jewellery is safe for children. Make sure that the jewellery has no sharp edges or corners. Moreover, you also need to check if the jewellery is made of real gold or gold plated jewellery. You can buy a simple gold chain or a gold pendant. Alternatively, you can also buy an elaborate gold jewellery for your child.
3 Steps To Help Your Child Build A Secure Future With Gold
If you are gifting gold to your child, there are few steps that you need to follow.
Firstly, buy gold jewellery from a reputed dealer. Make sure that the gold you buy is 99.99% pure gold.
Secondly, make sure that your child doesn’t play with the jewellery. You can gift your child a lock box to store the jewellery. This will not only help your child safeguard the gold but will also inculcate the value of investing in gold from a young age.
The best way to teach your child about investing is gifting them gold jewellery. You can gift your child gold jewellery for their birthdays, anniversaries or even on festivals.
Conclusion
Gifting gold to your child is a perfect way to help them build a secure future in case something goes wrong. Unlike toys, gold does not spoil with time. And the value of gold jewellery increases with time. You can gift your child gold jewellery when they are babies, toddlers or even when they are teens. Once your child grows up, he or she will be able to sell the gold jewellery in exchange for cash. This money can be used to fulfil various needs such as taking care of educational expenses or investing in real estate.
