Thinking about gold for family legacy - anyone else?

• •Been in Vegas for over 20 years, seen a lot of people come and go, fortunes made and lost on a roll of the dice.
• •My own portfolio is sitting comfortably around the high end of $200k, and for the most part, it’s been invested in pretty standard stuff.
• •Not just for my own retirement, but to leave something tangible and robust for my kids and grandkids.

Been in Vegas for over 20 years, seen a lot of people come and go, fortunes made and lost on a roll of the dice. That kind of environment really makes you think about long-term financial stability, especially when you start looking at the bigger picture like family legacy. My own portfolio is sitting comfortably around the high end of $200k, and for the most part, it’s been invested in pretty standard stuff.

Lately, though, with all the economic weirdness and inflation making my grocery bill look like a down payment on a small car, I’ve been seriously considering diversifying into gold. Not just for my own retirement, but to leave something tangible and robust for my kids and grandkids. I've always understood risk – it’s literally my business – and I see gold as a solid hedge, a way to preserve wealth when everything else feels like it’s on shaky ground. We're thinking primarily about silver bars, since the premium over spot on fractional gold can feel a bit steep, and for the volume we're looking at, silver just seems to make more sense.

My biggest question is around setting it up as a true legacy. Like, do I just buy the physical metal and keep it in a safety deposit box, or is there a better way to structure it so it seamlessly transfers to the next generation without a ton of probate headaches? I’ve looked into Gold IRAs a bit, and used that Gold IRA Calculator at Gold IRA Blueprint to get a rough idea of how much my current retirement funds could grow if I allocated a portion to precious metals. It was actually pretty eye-opening, especially seeing the potential appreciation over 10, 20 years. That made me think more seriously about the tax implications too.

Anyone here gone through the process of setting up gold for their family's future? Or even just gifting it? I'm talking about more than just a few Krugerrands, but a significant portion of assets. What were the biggest hurdles you faced? Any recommendations on trustworthy custodians or legal advice for smooth transfers down the line? I want to make sure I’m making a smart play here, not just chasing shiny objects.