How do you get friends/family to board the PM express ?

It sounds to me like you didn't have any intention of dropping the subject with your mother, and you only used this opportunity to raise the subject again while your uncle was there. Besides, your uncle may be in a better financial position than your mother. Have you considered that?

If your mother is lucky, she may only have 15 years of healthy, worry-free life ahead of her. Why are you so willing to risk her happiness and peace of mind? Unless, of course, you are more concerned about her estate than you are her. If this sounds harsh, it's because I've seen it happen time and time again. When it comes to money, family relations go right out the door.

Please do me a favor and don't raise this subject, here, any more. It's too aggravating to ponder what unfortunate circumstances may lie ahead for your mother if the market should take a nosedive.

Chris

 

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why would i want to do you a favor, i dont even know you. i came here to ask for opinions and you really have no idea of my mothers financial status. i think peace of mind to her would be to preserve some of the wealth that she has worked so hard for, it would be a shame if the 50K that she has hidden in the wall of her bathroom became worthless one day. im just asking her to buy into silver with 10K which is maybee .5% of her total liquid assets. I DONT KNOW WHY YOU WANNA SLAM - if your dearest lovedones had a large amount of liquidity wouldn't you want to see it preserved

you make some harsh accusasions coming right out of bed, very easy to do behind the computer but if you were to accuse me of being "concerned with her estate" in a conversation on the street we'd have a problem.

i dont need anyones money, i just turned 40 this month and am retired with 4 houses. you really touched a sorespot with your reply and hope that in the future you think before you respond because if you speak before you think in the real world your gonna pi$$ people off and possibly get hurt.

 

9guns, I would work on getting the $50k out of the wall and into the bank before anything else. You received a lot of good advice here, which you asked for. But you are free to do whatever you want. Don't ask for advice, then get angry when people tell you what you do not want to hear. If you've made up your mind, then go do it. You may turn out to be correct, or not. None of us knows the future.

 

theres a difference between advice and accusations

 

ok ive reread chris's post and do have to appologize, but like i said it does hit a sensative spot when someone says im a gold digger.

 

Dont try to get her involved i think shes at the point in her life where she doesnt need to worry as much about investing and money where she can just enjoy her life. Just my opinion.

 

I think you misunderstood. I doubt that anybody here thinks you want your mother's money. We are concerned about her peace of mind.

 

You don't need to apologize. No harm! No foul!

Living in Florida where there are so many elderly people, I've just seen it happen so many times, particularly where family is concerned. Many elderly people are just put into assisted care facilities and forgotten about. I used to volunteer at one of these facilities, and it really made the day for many of the seniors because the family never bothered to visit. I took care of my Mom for 10 years after my Dad passed, and if it wasn't for me, the rest of the family would not have raised a finger to help.

This just happens to be a subject that instills a lot of passion in me. I wish that more younger people (I'm 62!) would take the time to volunteer their services in a home for the elderly. For some of the elderly, it is the only enjoyment they get out of their remaining years.

Chris

 

Florida doesnt have alot of old people..

 

They just look old because they're "Sun Dried" Lol

 

Those, my friend, are the "raisins" who spend all of their time on the golf course of their exclusive country club or "raisin" money for their favorite politician at $2000-a-plate dinners.

Chris

 

LOL! Rasins!

 

I know what you think you're doing is good, but it's pointless, in my opinion. You can take that 50K and buy silver at today's market price thinking you're preserving wealth, only to see the dollar rebound in the future and you still have 50K in silver at last year's dollar price. You'll be lucky to then have 25K in silver holdings because you bought when the dollar was low and bought less silver at inflated prices. Thats deteriorating wealth and I see it happen every time the metals market takes an inflation ride and people jump aboard for some odd reason. Do your family a favor and not lose the 50K. It's not enough to really invest for future earnings, but enough to destroy any trust they have in your good intentions.
Guy~