Thinking about my kids' future - gold for the long haul?

Gary Stewart

Back to forum

🥇 Gold IRA

Thinking about my kids' future - gold for the long haul?

gary_stewart📊Growing (50-100k)

about 2 months ago

Key Takeaways

•I've been in agriculture my whole life here in Fresno, and you learn pretty quick that real assets are the bedrock, not some paper promise.
•That's why I put a good chunk of my retirement, around $75,000 , into a Gold IRA a few years back.
•My thinking was always that gold is a pretty universal store of value.

The 3-step rollover process explained

Been chewing on something lately as I watch my kids grow up, and with all the craziness in the world, it keeps coming back to me: how do I make sure they're set? Not just with a good education, but with something tangible, something that hopefully won't get watered down by inflation or wiped out by the next market crash. I've been in agriculture my whole life here in Fresno, and you learn pretty quick that real assets are the bedrock, not some paper promise. That's why I put a good chunk of my retirement, around $75,000, into a Gold IRA a few years back.

My thinking was always that gold is a pretty universal store of value. It's been around forever, through empires rising and falling, and it's always held its own. My own dad always said, "Son, you can't eat a stock certificate, but you can always barter with something real." He was talking about land mostly, but the principle feels the same with gold. Just trying to apply that same wisdom to my kids' future, maybe their kids' futures too.

I'm wondering if anyone else here is specifically thinking about how their Gold IRA, or just their physical gold holdings, play into their overall family legacy planning. Are you designating beneficiaries for your Gold IRA? Or are you planning on gifting physical gold down the line? I've heard some talk about trusts, but it all gets a bit complicated for me sometimes.

The goal isn't just to leave them a pile of money, but to leave them with something resilient, something that can weather whatever storms come along. I mean, we've seen enough economic uncertainty lately to make anyone rethink their portfolio. Any thoughts from others who are looking several generations down the road? How are you structuring things to ensure that wealth, particularly in precious metals, endures beyond just your lifetime?

185

7 comments

What happens to your 401(k) in the next downturn?

Gold has survived every recession. Get the free guide to see if it's right for your portfolio.

Under $100k? Compare options →

665 people viewed this today88 members requested a free kit this week132 investors bookmarked this

Best Answer▲ 15 upvotes

helen_turner💰Established (100-250k)

I keep going back and forth between gold and silver allocations. The gold-to-silver ratio right now is making silver look attractive.

Comments (7)

david_brown💎Premium (500k-1m)Real Investor•about 2 months ago

I totally get wanting to secure their future, and gold definitely has its place as a historical store of value. But have you thought about *why* gold specifically, over other assets that also offer inflation protection and can appreciate? Things like real estate, or even a well-diversified stock portfolio, can offer growth potential beyond just maintaining purchasing power, which might be even more beneficial for a multi-decade horizon.

joshua_phillips🏆Advanced (250-500k)Real Investor✓ Verified•about 2 months ago

Totally get where you're coming from. My parents did something similar for me, though not with gold directly. They invested in some land that's now worth a decent chunk, and honestly, seeing that stability always made me feel more secure. It's definitely sparked my interest in tangible assets for my own kids' future, gold being high on the list. Good on you for thinking ahead!

maria_campbell📊Growing (50-100k)✓ Verified•about 2 months ago

Totally get where you're coming from. It's a valid concern with everything going on. When you mention "something tangible," are you thinking more along the lines of physical gold specifically, or are other precious metals like silver also on your radar for their long-term potential?

charles_lewis💎Premium (500k-1m)Real Investor•about 2 months ago

Ngl I came here expecting the usual affiliate spam but the discussions are actually decent. Way better info than what I was getting from my old advisor.

margaret_chen🏆Advanced (250-500k)Real Investor•about 2 months ago

I was pretty skeptical about another gold IRA forum but the tools here on GIRAB actually surprised me — the calculator alone saved me hours of spreadsheet work.