Setting up my grandkids with some gold assets - what's the best way?

Robert Thompson

Back to forum

🏢 Gold Companies

Setting up my grandkids with some gold assets - what's the best way?

robert_thompson💰Established (100-250k)

about 4 hours ago

Key Takeaways

•Been thinking a lot lately about how to pass on some of my gold holdings to my grandkids.
•I'm a retired teacher here in Phoenix, and after the '08 crisis, I really started diversifying into physical gold.
•My initial thought was just to buy some more Eagles and physically hand them over at some point, but that feels a bit...

The 3-step rollover process explained

Been thinking a lot lately about how to pass on some of my gold holdings to my grandkids. I'm a retired teacher here in Phoenix, and after the '08 crisis, I really started diversifying into physical gold. It's been a bedrock of my portfolio ever since, probably around $150k-$200k of my total assets are in precious metals now, mostly gold eagles and some bars. My own kids are doing great, but I'd love to set up something tangible for the grandkids when they eventually go to college or even as a nest egg when they hit their 30s.

My initial thought was just to buy some more Eagles and physically hand them over at some point, but that feels a bit... informal, and I worry about the tax implications down the line for them. Has anyone here explored setting up a trust specifically for precious metals? Or maybe a custodial account that's explicitly for gold? I'm trying to figure out the most tax-efficient way to do this while still ensuring they actually receive the gold, not just a cash equivalent if the market's down when they need it. I want them to have that same sense of financial security that gold has given me.

I've been looking at some of the resources online, and found this Tax Calculator tool which seems helpful for understanding the inheritance tax side of things in general, but it doesn't get super specific about physical gold transfers. Are there any specific estate planning attorneys that specialize in precious metals or alternative assets that folks have worked with? Especially wondering if anyone in Arizona has experience with this.

Any advice on this would be greatly appreciated. I want to make sure I'm doing this right for their future.

4 comments

The retirement loophole most advisors won't mention

You can move your 401(k) into physical gold — tax-free. Here's the step-by-step guide.

Under $100k? Compare options →

28 people viewed this today3 members requested a free kit this week4 investors bookmarked this

Best Answer▲ 7 upvotes

andrew_roberts👑Elite (1m-5m)

That's such a thoughtful idea! I wish my grandparents had done something similar. I actually did something a little like this for my niece last year. Instead of outright gifting physical gold, I helped her open a Gold IRA with a small initial contribution. Figured it was a good way to introduce her to the concept of alternative assets early, and it's something she can build on herself without the hassle of storing physical metals right away. Plus, she's really into history, so the idea of gold appealed to her!

Comments (4)

andrew_roberts👑Elite (1m-5m)Real Investor✓ Verified•less than a minute ago

brian_edwards🌟Ultra (5m+)Real Investor✓ Verified•less than a minute ago

This is really thoughtful of you! It's great you're looking to plan ahead for your grandkids' financial future. I'm curious, when you say "pass on," are you thinking more along the lines of them directly inheriting the physical gold, or setting up some kind of trust or account for them specifically designed to hold precious metals?

gary_stewart📊Growing (50-100k)•less than a minute ago

Hey, that's a really thoughtful move for your grandkids! While physical gold is definitely a solid hedge, have you considered the tax implications of gifting physical assets versus, say, setting up some kind of a trust or even a custodial account with gold-backed ETFs? Could be worth looking into optimizing that for their future, especially with potential growth down the line.

diane_bailey💰Established (100-250k)Real Investor•less than a minute ago

Hey, that's a really thoughtful move to set up your grandkids! For passing on gold, you might want to look into something called an "UGMA" or "UTMA" account. They're custodial accounts where you can put assets (like gold, if you structure it right or use gold ETFs) in a child's name, but you control it until they reach adulthood. It avoids probate and can be pretty straightforward. Fidelity has some decent info on it if you search for "UGMA UTMA gold IRA."

The retirement loophole most advisors won't mention

You can move your 401(k) into physical gold — tax-free. Here's the step-by-step guide.

Under $100k? Compare options →