WHY PEOPLE ENCOURAGE THEM CHILDREN FOR GOLD SAVING

Engaging children in gold savings can have various reasons, and it's essential to consider cultural, economic, and historical contexts that might influence such practices. In some cultures, gold is considered a symbol of wealth, prosperity, and security. Families may pass down gold jewellery or coins as a tradition to preserve wealth and financial stability for future generations. In such cases, engaging children in gold savings is part of preserving cultural heritage.

Gold is often viewed as a safe-haven asset that retains its value over time. Families may involve children in gold savings to teach them the importance of long-term financial planning and to provide them with a form of financial security for their future. During times of economic instability or currency devaluation, gold can serve as a hedge against inflation and financial crises. Involving children in gold savings can be a way to teach them about money, investment, and financial responsibility from a young age. Families may accumulate gold over generations and consider it as a means of passing on wealth and inheritance to their children.