My father has started teaching my brothers how to collect gold coins, and also handed them some of his collection. My two brothers have started buying investment products, and it only makes sense for him to share his learnings as a coin collector.
My mom on the other hand, collects jewelry, so she understands my father’s passion well. In fact, I think their collections are complimentary. Both are good investment products which will last more than a lifetime, and can be passed on from one generation to another.
But in my parents’ case, they plan to use it to secure their not so distant future, say in a year or two.