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My kids have received US series E savings bonds from their grandparents for every birthday and Christmas until my parents passed on in 1995. My two youngest have a few thousand (face value - I haven't calculated their actual current value yet). I'm a bit concerned about what a downgraded US rating would do to the value of the bonds. None of the bonds have reached the 30 year date where they would stop accruing interest, so they are still gaining value through the variable interest rate. So My question is....should I allow them to cash in now before a possible downgraded US rating happens or sit tight?
btw...my youngest is 17 and he wants to cash in and buy silver with the proceeds. Would that be a good idea? (ok....so that's two questions....
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btw...my youngest is 17 and he wants to cash in and buy silver with the proceeds. Would that be a good idea? (ok....so that's two questions....