Gold has a history of maintaining value over time, which has led numerous investors to view the precious metal as a form of wealth preservation, according to Kevin DeMeritt, founder of Lear Capital.
“Gold has a largely inverse relationship to stocks and other types of assets,” DeMeritt says. “It typically is going to give your portfolio stability as other assets become more volatile — [and] is used as a safe haven during recessions, market volatility, and war.”
Physical gold can be portable — this 1-kilo gold bar’s compact size, for example, according to Lear Capital, makes it a convenient way to transport wealth.
Because of qualities like its historic ability to serve as a hedge against inflation, gold is often able to be liquidated fairly easily. As an internationally acknowledged monetary and financial asset, items such as gold coins and bars can be utilized as a means of privately storing wealth and passing it down from generation to generation.
Plans To Give Precious Metals to Family
Approximately 18% of wealthy investors own physical gold assets, and another 23% say they’re interested in obtaining them, according to a Bank of America survey. High-net-worth investors who are aged 21 to 43 appear to be particularly interested in the precious metal: 45% currently own it, and an additional 45% say they’d possibly like to purchase some.
Numerous investors have, in fact, acquired gold and other metals to pass on to family members, according to Lear Capital reviews that have been shared on platforms such as Trustpilot.
“Wealth preservation is critical because you can’t predict future markets and metals [will] have and will always hold value,” Lear Capital customer J. Hasha wrote in a Trustpilot review of the company.
Roger C. contacted Lear Capital when he wanted to purchase precious metals.
“I felt I could trust Lear Capital with my transaction,” he said in his Trustpilot review of Lear Capital. “I received my gold and silver in a timely manner as well. I’m excited to know I have a hedge on inflation and something to leave my children.”
Glenn C. said he had no prior experience buying precious metals when he reached out to Lear Capital.
“I am thinking about what I can do to assure that what I have saved in my lifetime will be there to pass on to my children and grandchildren,” Glenn said in one of the Lear Capital reviews on Trustpilot. “[The representative] and I discussed the relative prices of gold and silver, and he helped me decide how to split my order of metals so both a conservative and a growth approach could work for my investments.”
Jeff L. called Lear Capital “a great find.”
“With uncertainty looming about our economy, I was seeking an option to protect my retirement funds,” he said in one of the Lear Capital reviews shared on Google. “I researched Lear Capital and called. [The representative] was terrific walking me through the process of purchasing precious metals both to leave a legacy to my family and to preserve my funds.”
Additional Approaches
David B. isn’t waiting to give younger generations of his family precious metals.
“Once a year, I buy silver for my five grandchildren to give them for birthdays and Christmas, rather than junk that will be trashed in just a few days or weeks at most,” he wrote in one of the Lear Capital reviews shared on Trustpilot.
Some investors hope to leave specific coins to their family members. Hugh F. contacted two other precious metal providers before speaking to a Lear Capital representative about the coins he wanted to obtain, which included 1/10-ounce and ¼-ounce gold American Eagles.
“One did not respond,” he said in one of the Lear Capital reviews available on Trustpilot. “The second came back with 3/4 of the request. [The Lear Capital representative] did the real deal and I was quite pleased. Thanks to him, I will have fulfilled my eventual gift to my children and grandchildren.”
According to the review Leona B. left on Trustpilot, she at first focused on purchasing gold bullions to pass on to her grandchildren and great-grandchildren — “and watched as they happily doubled in price. I decided it would be a good time to add some silver, and I looked at the internet at the different sellers and prices,” she said. “I called Lear Capital again and [the representative] made the whole process easy and quick.”
That’s one of Lear Capital’s central customer service goals, according to Kevin DeMeritt.
“We try to move as quickly as possible to get people the metals that they want,” he says.
John, another Lear Capital customer, said he appreciates the way Lear conducts business.
“Time is money, and the more money I can make, the more I can convert to gold,” he wrote in one of the Lear Capital reviews on Trustpilot. “In the process, I had also been carrying around silver coins, and they made it super easy to offload them, which will be converted to gold!”
John also mentioned he intends to bequeath the physical precious metals he’s obtained from the company.
“When I die, my heirs can liquidate my coins, if necessary,” he said. “Having a multigenerational wealth resource with Lear is a big win for me, my family, and future generations!”
