Gold for the grandkids? Thinking long-term legacy here.

• •Been thinking a lot lately about how to pass things down to the grandkids, especially with all the economic uncertainty swirling around.
• •The past few years have certainly reinforced my conviction.
• •I want to give them something truly substantial that they’ll understand and appreciate in the long run, not just more paper assets.

Been thinking a lot lately about how to pass things down to the grandkids, especially with all the economic uncertainty swirling around. My own retirement from Wall Street a decade ago was largely financed by a pretty heavy metals allocation, and I'm sitting on a decent chunk of gold in my IRA – probably somewhere in the 2-3 million range now, just from that alone. The past few years have certainly reinforced my conviction. I’ve been eyeing some gold rounds, thinking it'd be a more tangible, direct way to pass on wealth than just another stock portfolio that could get gutted overnight with the next market tumble.

My kids are reasonably financially savvy, but I’ve noticed the grandkids, who are teenagers and young adults now, are completely green when it comes to investing beyond their Robinhood accounts. I want to give them something truly substantial that they’ll understand and appreciate in the long run, not just more paper assets. The idea of them having physical gold, something real they can hold and isn't dependent on a fluctuating market or some digital ledger, really appeals to the old-school investor in me. Plus, it serves as a great teaching moment about wealth preservation.

I’m curious how others here approach this? Do you have specific plans for passing on your gold? Or do you just treat it as part of your overall estate? I’ve even toyed with the idea of creating separate trust accounts specifically for gold for each one of them. Also, for those who’ve done something similar, how are you valuing it for planning purposes? I was poking around with the Gold IRA Calculator on Gold IRA Blueprint the other day just to see some projections for potential future value based on different growth rates, which was pretty insightful even for my IRA. But when you’re talking about physical assets passed directly, it feels like a different ballgame. Any thoughts or advice from the group would be greatly appreciated. Located in NYC, so any specific state/local considerations are also on my mind.