Thinking about gold rounds for the grandkids' legacy - anyone else?

Steven Mitchell

Back to forum

⭕ Gold Rounds

Thinking about gold rounds for the grandkids' legacy - anyone else?

steven_mitchell🏆Advanced (250-500k)

about 1 hour ago

Key Takeaways

•Been thinking a lot lately about legacy planning, especially with my grandkids getting older.
•I remember the late 70s/early 80s, and it just reinforced my view that you need something tangible when the paper stuff gets wobbly.
•I was looking at gold rounds specifically, not just for my own continued diversification, but as something truly generational.

Download the free rollover checklist

Been thinking a lot lately about legacy planning, especially with my grandkids getting older. My wife and I have done pretty well for ourselves with the manufacturing business here in Cleveland, and we’re sitting on a decent portfolio, probably in the low 400s these days. A good chunk of that is already in my Gold IRA because I'm a firm believer in hard assets, especially through all the economic ups and downs we’ve seen. I remember the late 70s/early 80s, and it just reinforced my view that you need something tangible when the paper stuff gets wobbly.

I was looking at gold rounds specifically, not just for my own continued diversification, but as something truly generational. The idea of gifting them directly to my grandkids eventually, or even just holding them in trust for them, really appeals to me. It's not just the monetary value, but the physical aspect of it. Something they can actually hold, understand, and know exactly what it is without relying on some digital ledger or volatile stock market. My son-in-law is a bit of a crypto guy, and while I get some of it, I just don't see it as the same kind of bedrock as gold.

Anyone else here using gold rounds as part of their family legacy planning? I’m thinking about setting aside a dedicated portion of my next purchase – maybe $20k-$30k over the next year or so – specifically for this. Is there anything I should be considering from a tax or estate planning perspective specifically for gifting these kinds of assets to grandkids in Ohio? Obviously, I'll talk to my planner, but I'm curious about real-world experiences from this community.

What are your thoughts on different sizes or types of rounds for this purpose? Is it better to go with standard 1oz pieces, or are larger denominations more practical for legacy? I'm picturing something that feels substantial and lasting, easy to store securely, and easy for them to understand its value when the time comes. I want to make sure I'm doing this in the smartest way possible for the long haul.

5 comments

The biggest mistake retirees make with their 401(k)

Most people don't diversify until after a crash. Get the free guide and protect your nest egg.

Under $100k? Compare options →

84 people viewed this today10 members requested a free kit this week15 investors bookmarked this

Best Answer▲ 7 upvotes

paul_hill🏆Advanced (250-500k)

Hey, that's a really thoughtful idea for your grandkids' future! I totally get the appeal of gold for long-term value. However, have you considered that gold, while great for wealth preservation, doesn't actually generate any income or dividends?

For a truly compounding legacy, perhaps a mix with some high-quality dividend stocks or even real estate could offer a more dynamic growth potential alongside the stability of gold. Just a thought to ponder!

Comments (5)

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

This is a super thoughtful idea! I love the concept of building a tangible legacy like this. Quick question for you: when you say "gold rounds," are you specifically envisioning something like American Gold Eagles, or do you have other types of gold coins or even bars in mind?

michael_anderson🏆Advanced (250-500k)Real Investor•less than a minute ago

Totally get this. My own grandpa, bless his heart, did something similar for us when we were kids. Not gold rounds specifically, but he bought us each a silver dollar every year for our birthday and Christmas. Stacked up quite a bit by the time we were older! It wasn't about the monetary value then, but it's a cool little nest egg now and a fantastic reminder of him. Gold rounds for grandkids sounds like a brilliant idea.

paul_hill🏆Advanced (250-500k)Real Investor✓ Verified•less than a minute ago

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

This is a great idea for a legacy! Beyond just the investment aspect, I think gold rounds are a fantastic way to introduce younger generations to precious metals and even a bit of financial literacy down the line. It's something tangible they can hold onto.

Just a quick tip when looking at gold rounds: always check the premium over spot price. Some dealers can charge a hefty premium, especially for smaller, more artistic rounds. Comparing a few different dealers like JM Bullion or SD Bullion can save you a bit of cash when buying in bulk for the grandkids. Good luck with their legacy!

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

Totally agree with this! My wife and I have been doing something similar for our grandkids, though we've been leaning more into silver these past few years. Just feels like a solid, tangible asset they can always fall back on, especially with how crazy things are these days. Your point about the 400s is interesting though, we're probably closer to the low 200s portfolio-wise, but it's still a significant chunk we want to protect for them. Gold rounds are definitely on my radar now too, thanks for the idea!

The biggest mistake retirees make with their 401(k)

Most people don't diversify until after a crash. Get the free guide and protect your nest egg.

Under $100k? Compare options →