Thinking about gold rounds for the grandkids - legacy

Daniel Wright

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Thinking about gold rounds for the grandkids - legacy

daniel_wright💎Premium (500k-1m)

2 months ago

Key Takeaways

•Been doing a lot of thinking lately about legacy planning, especially with the market acting like a teenager on a sugar high.
•My Roth is looking solid, but honestly, I'm thinking beyond just retirement for myself.
•It’s been a smart move, especially being in Austin with the tech market always feeling a bit… *fluid*.

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Been doing a lot of thinking lately about legacy planning, especially with the market acting like a teenager on a sugar high. My Roth is looking solid, but honestly, I'm thinking beyond just retirement for myself. I've got a couple of grandkids, still pretty young, and I'm starting to toy with the idea of setting up something really tangible for them down the line, outside of the usual trust funds and 529s.

I’ve got a good chunk of my portfolio (about 15% of my ~$750k, so around $112k) in a Gold IRA, mostly in Eagles and Maple Leafs, as a hedge against all this volatility. It’s been a smart move, especially being in Austin with the tech market always feeling a bit… fluid. But for the grandkids, I was considering something a bit simpler, maybe even more symbolic, like gold rounds instead of coins for a direct gift.

The thought is, these wouldn't be for immediate returns or trading, but more like a physical token of value they can hold onto for decades. Something that feels like a legacy. It's not about making them rich, but about giving them a foundational asset that isn't tied to the digital ether. Imagine them, 40 years from now, pulling out a couple of these rounds and remembering their grandpa. Anyone else gone this route for family legacy? What are the pros and cons you’ve encountered with gifting physical gold (rounds specifically) to younger generations?

Beyond just the gifting, I'm also curious about the logistics. Are there specific types of rounds that hold up better over time, or are more recognized for resale value down the line? Storage is another thought – obviously, it wouldn't be in my Gold IRA. Any best practices for secure personal storage of something like this if I’m building up a small stash over a few years before giving it to them?

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3 comments

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Best Answer▲ 8 upvotes

janet_cook📊Growing (50-100k)

Hey, that's a really thoughtful idea to consider for the grandkids. While I totally get the appeal of physical gold, especially for legacy, have you also looked into something like a custodial Roth IRA for them? They could start building their own tax-free growth early on, and it gives them a bit more flexibility down the line if their interests shift from physical commodities. Just a different angle to consider alongside the gold!

Comments (3)

catherine_bell🏆Advanced (250-500k)Real Investor•about 2 months ago

Totally get this. I actually started doing something similar for my nieces and nephews a few years back, though with fractional silver initially. The idea of them having something tangible that isn't just a number on a screen really resonated with me. It's cool to think of it as a little treasure chest they'll eventually discover. Good on you for thinking so far ahead!

richard_garcia👑Elite (1m-5m)Real Investor•about 2 months ago

What's the thought process behind choosing rounds specifically, rather than bars or even some of the coin options like Eagles or Maples? Just curious about the "why" behind that choice for the grandkids.