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    My kids are looking at their inheritance - anyone else considering gold for legacy?

    Key Takeaways
    • β€’I was chatting with my son the other day – he's still in his 30s but already thinking about what my wife and I will eventually leave behind.
    • β€’Brings a smile to my face, honestly, seeing him plan ahead.
    • β€’We’re talking a good 7-figure estate, and a big piece of that is sitting comfortably in gold rounds and some bullion.
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    I was chatting with my son the other day – he's still in his 30s but already thinking about what my wife and I will eventually leave behind. Brings a smile to my face, honestly, seeing him plan ahead. He knows I’ve built up a decent portfolio since retiring from Shell a decade ago, most of it in blue-chip stocks and, of course, a significant chunk in gold. We’re talking a good 7-figure estate, and a big piece of that is sitting comfortably in gold rounds and some bullion.

    It got me thinking specifically about the gold portion with the kids. We’ve got two, and then there are the grandkids coming up. My original thought was just to evenly split the entire portfolio, gold included. But now I'm wondering if there's a better way to structure just the gold. I’ve always seen it as a store of value, a hedge against inflation and market volatility, especially living through a few downturns back in my energy days here in Houston.

    Part of me wants to make sure they understand why I hold so much physical gold. It’s not just another asset; it’s a foundational piece for long-term security. Should I be looking into trusts specifically for precious metals? Or perhaps just clearly outline my intentions in my will for how the gold itself should be managed or distributed? I'm picturing these youngsters potentially just selling it all off at the first opportunity, and while it's their inheritance to do what they please, I'd hope they'd see the long-term benefit.

    Anyone else here with significant gold holdings thinking about this for their kids or grandkids? How are you planning to pass it down? Are you encouraging them to keep it, or just letting them decide? Any pitfalls I should be aware of beyond the usual estate planning stuff?

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    3 comments

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    Best Answerβ–² 9 upvotes
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    sharon_evansπŸ’°Established (100-250k)

    Totally get this. My own parents actually did something similar for us siblings with some silver coins they'd been stacking for years. Didn't seem like much when I was younger, but man, those things came in handy during some tough times. It's a really smart way to think about a legacy, especially with how things are going these days.

    Comments (3)

    9
    sharon_evansπŸ’°Established (100-250k)Real Investorβ€’5 days ago

    Totally get this. My own parents actually did something similar for us siblings with some silver coins they'd been stacking for years. Didn't seem like much when I was younger, but man, those things came in handy during some tough times. It's a really smart way to think about a legacy, especially with how things are going these days.

    8
    frank_riveraπŸ’ŽPremium (500k-1m)Real Investorβ€’5 days ago

    That's sweet that your son is already thinking about that! Sounds like you've raised someone who's really forward-thinking. My question is, when you say "gold for legacy," are you thinking more along the lines of physical gold, or are you also considering gold ETFs or even mining stocks for that inheritance?

    2
    betty_kingπŸ“ŠGrowing (50-100k)β€’5 days ago

    That's sweet that your son is thinking ahead! While gold can definitely be part of a diversified portfolio for legacy, I've also heard some compelling arguments for other asset classes for long-term generational wealth. Things like real estate or even well-managed dividend stocks can offer growth and income that gold typically doesn't. Just something to consider alongside the shine!

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