Is it easy to sell gold? I read recently that people are buying gold bars from Costco and struggle to sell them later.
Comment on Pills (Take Two)
Underwaterbob@lemm.ee 5 months ago
Your average shoebox is 3523.513.5 cm, or 11103.75 cubic centimeters. The density of gold is 19.3 g/cm^3. You can fit 11103.7519.3 = 214302 grams of gold in a shoebox. One gram of gold right now is $77.78 US. That’s 21430277.78 = over 16.5 million US. There are things significantly more valuable (but not more fungible) than gold, too. The Pi million pill is completely moot. Or just take both, I guess.
robocall@lemmy.world 5 months ago
Underwaterbob@lemm.ee 5 months ago
Smaller quantities shouldn’t be too hard to sell. 16.5 million worth would definitely be a bit of a logistical problem. I’m sure a bank would help you out with an amount that large.
Daxter101@lemmy.blahaj.zone 5 months ago
No, get the gold and the pill that doubles something you own. The pi million is completely moot.
Demuniac@lemmy.world 5 months ago
Or just ask what stock is going to raise the hardest and ask when is the best moment to sell if you have 2 questions
nyctre@lemmy.world 5 months ago
You’d need to invest 1mil in a 3000% return stock in order to make 30 mil like the gold option. If you bought fb when it was lowest and sold when it was highest, you’d get 2158% return. There’s stuff like Amazon, coca cola, etc. But you’ll need for that company to exist and then wait for it to explode.
If you already have a lot of money to invest, sure, your strategy might be worth. Otherwise, double gold sounds better.