Setting up my kids with gold - Legacy planning thoughts?

• •Been thinking a lot about the next generation lately, especially with both my kids finally off to college this fall.
• •It’s a huge relief, but also got me thinking about what kind of financial foundation I want to leave them.
• •My entire portfolio, after I cashed out from the tech company, is pretty much all gold.

Been thinking a lot about the next generation lately, especially with both my kids finally off to college this fall. It’s a huge relief, but also got me thinking about what kind of financial foundation I want to leave them. My entire portfolio, after I cashed out from the tech company, is pretty much all gold. It felt like the smartest move to preserve wealth during all the inflation scares and general market craziness we’ve seen the last few years.

I’m based in Dublin, Ohio, and my initial goal was just to secure my own retirement, which I feel pretty good about with the gold reserves I’ve built up. We're talking somewhere in the 2-3 million range in physical gold right now. But now, it's not just about me and the wife anymore. I want to make sure my son and daughter, when they're my age, aren't scrambling. I've heard some talk about setting up trusts, or even just gifting them portions of my gold now. The idea of them inheriting something tangible, something that’s held its value for thousands of years, is really appealing compared to just a pile of cash in a volatile market.

Anyone here gone through the process of setting up their kids or grandkids with gold IRAs or even just gifting physical gold? What were the tax implications you faced? I’m particularly interested in how you navigated the transfer of assets without it becoming a huge headache. I know I need to talk to my financial advisor about this, but I value real-world experiences from this community a lot more for the initial brainstorming.

I’ve even played around with that Gold IRA Calculator to see how much their future portfolios could theoretically grow if I started them off now. It’s pretty eye-opening to see the compounding effects over decades. Just wondering if anyone has any clever strategies for intergenerational wealth transfer using gold that I might not be considering. Things like silver coins for smaller, more liquid gifts, or sticking purely to bullion bars for the bigger chunks?