you can visit my local pawn shop, they give cash for gold
70m in gold pls
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peteypete420@sh.itjust.works 11 hours ago
Cash, the value be dammed. Im not trying to sell fucking gold. Im not a fucking merchant
mbp@slrpnk.net 1 hour ago
AllNewTypeFace@leminal.space 11 hours ago
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.
ShellMonkey@piefed.socdojo.com 10 hours ago
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.
wonderingwanderer@sopuli.xyz 7 hours ago
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…
Railing5132@lemmy.world 6 hours ago
US law requires any cash transaction of $10,000 or more be reported to the IRS/Treasury Dept. to include the federal tax ID # of both parties/entities, and the deposit accounts involved.
thethunderwolf@lemmy.dbzer0.com 3 hours ago
5002 $9999 transactions
Angryhumanoid@fedinsfw.app 8 hours ago
Depends on the dealership, heh
Mac@mander.xyz 6 hours ago
You don’t think you’ll be investogated for a massive gold transaction?
Mouselemming@sh.itjust.works 10 hours ago
Besides, you never know when the FBI might show up.
nuko147@lemmy.world 2 minutes ago
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…