Cash, the value be dammed. Im not trying to sell fucking gold. Im not a fucking merchant
Lemmy Shitpost
Welcome to Lemmy Shitpost. Here you can shitpost to your hearts content.
Anything and everything goes. Memes, Jokes, Vents and Banter. Though we still have to comply with lemmy.world instance rules. So behave!
Rules:
1. Be Respectful
Refrain from using harmful language pertaining to a protected characteristic: e.g. race, gender, sexuality, disability or religion.
Refrain from being argumentative when responding or commenting to posts/replies. Personal attacks are not welcome here.
...
2. No Illegal Content
Content that violates the law. Any post/comment found to be in breach of common law will be removed and given to the authorities if required.
That means:
-No promoting violence/threats against any individuals
-No CSA content or Revenge Porn
-No sharing private/personal information (Doxxing)
...
3. No Spam
Posting the same post, no matter the intent is against the rules.
-If you have posted content, please refrain from re-posting said content within this community.
-Do not spam posts with intent to harass, annoy, bully, advertise, scam or harm this community.
-No posting Scams/Advertisements/Phishing Links/IP Grabbers
-No Bots, Bots will be banned from the community.
...
4. No Porn/Explicit
Content
-Do not post explicit content. Lemmy.World is not the instance for NSFW content.
-Do not post Gore or Shock Content.
...
5. No Enciting Harassment,
Brigading, Doxxing or Witch Hunts
-Do not Brigade other Communities
-No calls to action against other communities/users within Lemmy or outside of Lemmy.
-No Witch Hunts against users/communities.
-No content that harasses members within or outside of the community.
...
6. NSFW should be behind NSFW tags.
-Content that is NSFW should be behind NSFW tags.
-Content that might be distressing should be kept behind NSFW tags.
...
If you see content that is a breach of the rules, please flag and report the comment and a moderator will take action where they can.
Also check out:
Partnered Communities:
1.Memes
10.LinuxMemes (Linux themed memes)
Reach out to
All communities included on the sidebar are to be made in compliance with the instance rules. Striker
If the gold is in an accepted standard form, such as krugerrands, you just need to find a precious metals dealer. If it’s just a pile of gold, then there’s a lot of hassle. I imagine ingots of the sort national gold reserves hold would be somewhere in between.
Shifting a large quantity of gold may require a non-optional explanation of its provenance, with “I woke up and it was just there” or “a genie gave it to me after I did an online quiz” not being adequate, and an inadequate explanation resulting in its forfeiture if not more serious legal hassles. With a large pile of gold and no good explanation, you may be reduced to smurfing small pieces of it to different dealers, moving around a lot and avoiding the attention that such a pile would inevitably draw.
People like Al Capone would have a few things to say about unverified sources of wealth in any form. Pretty sure if I show up at a car dealer with a briefcase of bills it'll raise a few questions too.
Yet another way society is biased against the poor. A rich guy shows up with a briefcase full of money and nobody bats an eye, it's just another day. A poor guy shows up with a briefcase full of money and then suddenly everyone starts asking questions, and if he doesn't have good enough answers he might get thrown in jail.
What if I mowed a rich guy's lawn and he gave me a really big tip? No, I don't remember his name. No, I didn't keep the address. It was over there somewhere, go that way, it's the big house with the mown lawn. You'll find it, just keep looking...
You don't sell the gold. You take 10x loans of gold's worth and use it as collateral. Like banks and billionaires do. Well maybe 100x..
Bills weigh 1g, and 1g of gold is >$100, so I’m going with gold.
Around $140/gram currently for those curious
So then, however disgusting the thought, if they do make the trump $250 bill then that would be the only case where taking the cash is the better deal (putting ease of use for gold vs bills aside)
WWII killed the 500 bill (that was gold-backed at the time) so now ppl have to smuggle gold.
But the cash is more liquid. Selling $70M worth of gold is a hassle and would invite unwanted attention. $50M in cash you can spend right away.
Cash in this day and age is a huge pain in the butt. Sure, you can get groceries and some tech. But buying a house or even a car or pay for services? Impossible to very inconvenient. Even just paying for everything in cash will be a problem if you ever get audited. You'd need to launder the money somehow and at that point you can also take the gold.
Another critical difference:
If you got a million dollars in cash you were obliged to pay taxes upon receipt, and if you did not do so and you try to deposit it, you are going to get flagged for a tax audit and subject to criminal charges.
If you got a million dollars in GOLD you don't pay taxes until you sell it. So you can sit on it for years and then sell it and deposit it and you only pay taxes at that moment and have not broken the law in doing so.
Money is income, Gold is just gold until you turn it into money.
Good point, but after a while someone would still want to know where the gold came from. Unless you sell it so slowly that it'd be barely useful to you.
So only go with bills if they’re in denominations >$100. I guess this would work better with euros.
500kg of gold is $72.6 million as of current market value.
The image shows 100 dollar bills, so let's assume the 500kg consists of just that. That would add up to ~$50 million (~1 gram each, adding up to 500.000 bills).
Gold increases in value. The dollar is decreasing in value and Trump is making sure it's going to tank as soon as possible.
Gold is worth more and is a wiser investment over time so I pick gold, with delivery please and thank you.
Could be that only the outer ones are 100 dollar bills while the inner ones are 1 Dollar bills because they are the same size.
Fun Fact: This is bad for accessibility, thats why the Euro has three indicators for blind people to find the right bill: different sizes, a feelable line structure on the side and different colors for those that can are legally blind but still can see some rough colors.
Those features you mentioned are actual quite widespread: the EU, Norway, Poland, the UK, Australia, Canada, NZ, and more all have them. It's really just the US that insist on having basically indistinguishable sludge-coloured notes. I used to handle international currently regular and hated dealing with US dollars.
Good luck liquidating 500kg of gold without someone taking a decent cut. Gold doesn't always increase in value, it's a highly volatile commodity and atm is highly over speculated. More than likely whenever trump dies or leaves the office the market will correct itself to pre-pandemic pricing.
When people who don't understand what fiat currency is get scared by geopolitical instability they buy gold. Whenever those geopolitical instabilities absolve themselves they sell.
You'd probably be better off taking cash and investing it into index stock then taking the time and money to store, transport, and sell that much gold. There's a reason why billionaires are building Scrooge McDuck vaults and swimming in bullions.
What denomination are the bills and how much does each brick of gold weight? Cuz I mean, if the bills are high enough, like $5000s they might be worth more than the gold.
Edit: The weight of the money doesn't matter as much as the denominaton here. A $1 bill weighs the same as a $500 bill, y'all. If gold is $145 per ounce, a 500kg pile of $500 or $1000 bills that weigh about 1 gram each is worth a lot more. If they are $1s, $5s, $10s, $20s, $50s or eveb $100s, take the gold. If they are $500s or higher, take the cash.
A US $1 weighs 1g according to a random website I found on the Internet. I tested and it's close enough.
As of today 2026/06/02, a gram of gold is worth about $140 assuming it's minted and the purity is known.
That honestly surprises me. It means that gold and bills (assuming c-bills) are within an order of magnitude of each other.
Worst case with bill denominations: half a million. Best case with bill denominations: 50 million dollars.
Worst case with gold: $140/g less 10% worst case for verification and bulk buy discounts. $120/g ballpark. $60 million. Best case with gold: ~$70 million dollars upper bound for known minted purity.
So gold has the highest potential return but also the highest overhead.
I'd probably go gold. Even if I lost 50% due to overhead, I'd be able to pay my mortgage and my brother's student loans and for my mum to live in a nice place.
Honestly, any of them would be a life changing amount of money.
a hundred dollar bill weighs a gram and is worth $100, a gram of gold is worth $145. However you'll pay income tax on the gold profit when you sell to get your cash.
78ish million for the gold, and 50 Million for the money.
Too metric. Can I get that weight in cheeseburgers please?
Ok. 500 kg of dollars, 500kg of gold or 500kg of cheeseburgers. Which do You choose?
Precooked weight if that matters.
Are those Troy kilograms? 🤔
Everybody ITT
But I would have to pay taxes 😱
What are y'all doing complainig about billionaires not paying taxes, when you want to avoid them already talking about imaginary money?
Yeah, oh no I have to pay taxes on a massive windfall… Fuck off with that, I want my society to function. I get that it's a big chunk, but it's also free money.
I've heard numerous people complain about getting a raise because they would end up in a higher tax bracket and come out net negative...I don't think most people understand how tax brackets work.
You do realize that if you take either the gold or the cash you're still roughly a billion dollars away from being a billionaire? At $72m you still have about 93% of the way to go before you hit even one billion. Elon is currently somewhere north of $700bn.
I'm just pointing this out because many people don't realize how excessively rich billionaires actually are. Many still seem to think we're talking about cutting into people's rainy day savings when we're calling for billionaire's fortunes to get taxed. FWIW, nobody earns that kind of money.
With all of the above said, if it is legit and comes with no strings attached, I will gladly take the ~$70m in gold (with approximately the dimensions of a microwave). Even if I have to pay taxes on it.
While gold does incur a conversion cost when putting it in a bank account, the same is true for a large amount of cash (especially when it is in a foreign currency). And gold has an intrinsic value which only increases over time. Thanks!
For context:
500kg cash in 100 USD bills (like on the picture) would be roughly 50.000.000 USD.
And 500kg of Gold would currently be 71,396,000 USD.
Is it 100 dollar bills? How much? Each weighs a gram. Gold is worth...145$ peer gram. So that means...gold will always be worth more, unless severely diluted.
Yeah, but what's more liquid? I can take those 100s and pay most of my expenses in cash for the rest of my life.
If I take the gold bars, I would have to find a buyer or find a way to convert it into cash. I'm sure most people and places will have questions about how I got the gold bars.
And now you nerdsniped me into finding the value density of a dollar bill, which is roughly 1 gram, which makes a kilogram of dollars be worth some $1000 USD. Which still pales in comparison to the value of a kilogram of gold by at least a factor of 40-to-1
A lot of this question really hinges around one question. What do I have to tell the government?
Do I get this as a prize? A gift? An inheritance? Income? Magical Genie appearance? Do I have to launder it? Am I going to get audited?
Homie flunked the pound of feathers riddle one too many times
Selling shit is a nightmare, fuck the pound-to-value maths, just give me the money.
I'd probably take the cash since I don't know how to turn gold bars into money. It's never come up before!
Ez! Find your local CIA agent, exchange the gold for cocaine, go to you local financial district, exchange the cocaine for stocks, sell them immediately at double the price (that's just how the market works when all are motivated by greed), pay capital gain taxes, cash out at a local bank that will charge you like 10% in fees (+10% for the local FBI agent that doesn't want to believe), weight the money, it's exactly 107 bald eagles.
