Inheritance and Taxes: Saving in Gold for Your Children's F

During the Covid crisis, Eurozone consumers saved a record amount of money, accumulating almost 600 billion euros in cash! As public spaces and big shopping centers reopened, a new consumer buzz began.

And yet, while some people enjoyed themselves after long weeks of quarantine, others preferred to play it safe, putting more money into savings and investments.

Apparently, there has been a growing interest in gold as a savings and investment solution. As a long-term investment, gold has many advantages: security, an increase in value over the long run … and its role as a legacy for your children and family.

Let us explain!

Gold is an inheritance that can be passed down easily

Many families invest in property, whether it is their primary or secondary residence. The aim is twofold: to have an extra income (or at least avoid paying rent after retirement) and to leave a legacy for their children.

Usually, “investing in property” has a strong cultural meaning: when confidence in banks is waning, parents want their children to be left with something tangible… despite the administrative hassle that often comes with real estate ownership.

Before settling an estate, your children will most likely have a few bills to pay. Furthermore, if you have more than one child, there is a risk of conflict between those who want to sell and those who want to keep the property.

That’s why some parents might prefer to go for an alternative. For example, physical gold. Whether in the form of bars or coins, your children can share their gold inheritance equally (no jealousy