Bills weigh 1g, and 1g of gold is >$100, so I’m going with gold.
Title
Submitted 1 month ago by Buage_@piefed.social to [deleted]
https://media.piefed.social/posts/3Q/94/3Q94h1UMgw5LU6h.jpg
Comments
deranger@sh.itjust.works 1 month ago
A_Union_of_Kobolds@lemmy.world 1 month ago
Around $140/gram currently for those curious
Asafum@lemmy.world 1 month ago
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)
BlameTheAntifa@lemmy.world 1 month ago
So $70,000,000 in gold or $500,000 in dollars.
socsa@piefed.social 1 month ago
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.
red_bull_of_juarez@lemmy.dbzer0.com 1 month ago
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.
OwOarchist@pawb.social 1 month ago
$50M in cash you can spend right away.
Maybe the bank won’t be too curious, but the IRS will definitely notice.
sp3ctr4l@lemmy.dbzer0.com 1 month ago
IOUs based off of gold are literally how many modern fiat currencies started.
What in the hell do you need to spend $50M on, right away?
Not to mention gold being around 140x more valuable per weight.
Those weights of either gold or currrency are going to require a vault or armored car and a crew of people with a forklift to either store or hold anywhere.
You’re gonna be bringing both to a bank.
Suddenly showing up with or trying to spend or sell those volumes of either gold or cash is going to get you a visit from the IRS, Secret Service, and FBI, and maybe CIA.
adarza@piefed.ca 1 month ago
wolframalpha says the gold is worth about $22m more, but it’s a no-brainer. gimme the cash. the extra ‘value’ in the gold is not worth the extraordinary measures needed to deal with it.
Catoblepas@lemmy.blahaj.zone 1 month ago
So only go with bills if they’re in denominations >$100. I guess this would work better with euros.
TheTechnician27@lemmy.world 1 month ago
I agree: you’d probably pawn the gold off to some billionaire for some nominal amount less than its face value. (Would the government would let you as a private citizen just sell them like $70 million in gold?) I’m assuming this is legal, in-the-clear, and it doesn’t matter if we assume it was created out of thin air.
I say “less than” because the buyers know you probably lack connections and just want it gone ASAP so you’re not robbed or worse. Still, whatever percentage hit you take can’t be anywhere near the 40% difference between the cash and the gold.
billwashere@lemmy.world 1 month ago
Yeah by my calc a 1kg of $100 bills is about 100K, but the kg of gold is roughly $140k-150K (I just checked and its $144K)
But then I’d have to sell the gold…
TigerAce@lemmy.dbzer0.com 1 month ago
500kg of gold is $72.6 million.
The image shows 100 dollar bills, so let’s assume the 500kg consists of just that. That would add up to $50 million.
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.
Spezi@feddit.org 1 month ago
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.
rmuk@feddit.uk 1 month ago
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.
TranscendentalEmpire@lemmy.today 1 month ago
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.
TigerAce@lemmy.dbzer0.com 1 month ago
I would just lock it all up in a vault. Why would I need to liquidate it? I can take loans from the bank indefinitely, as I have the gold as insurance. That’s what billionaires do as well, to avoid taxes. They use their wealth in stock as insurance to take out loans, because on loads you don’t pay taxes. But in my case I would pay taxes for the value of the gold, like a decent person.
Snapz@lemmy.world 1 month ago
That’s my secret Mr. Stark… I’m always geopolitical instabilities
zerofk@lemmy.zip 1 month ago
Good luck liquidating 500kg of gold without someone taking a decent cut.
If that decent cut is 95%, you’d get only 5%. Sounds bad. 5% of 72.6 million is … 3.63 million.
Yeah, I’ll still take it.
Fedizen@lemmy.world 1 month ago
I think actually in the US you could file the gold under capital gains and get a better tax rate. Though outside the US the USD are probably a wiser choice.
HereIAm@lemmy.world 1 month ago
But I’m lazy and would just leave the gold in a closet rather than having to deal with selling it. And $50 mil is more than enough for me.
FreeAZ@sopuli.xyz 1 month ago
You could pay someone to deal with all that for much less than the ~$20 million difference.
echodot@feddit.uk 1 month ago
Nah, I need the gold. I need to build myself a mid-range gaming PC.
TigerAce@lemmy.dbzer0.com 1 month ago
To do normal groceries I need at least 54m
excral@feddit.org 1 month ago
So if Musk had 500kg of gold lying around in some vault and I’d manage to steal it in some heist of the century, he’d be only left with 99.99% of his wealth. Imagine: a whopping 0.001% of his wealth gone in an instance, how would he ever recover from that?
blitzen@lemmy.ca 1 month ago
Gold increases in value. The dollar is decreasing in value.
Most of gold “increasing in value” is really just the dollar decreasing.
gigastasio@sh.itjust.works 1 month ago
Too metric. Can I get that weight in cheeseburgers please?
hOrni@lemmy.world 1 month ago
Ok. 500 kg of dollars, 500kg of gold or 500kg of cheeseburgers. Which do You choose?
Precooked weight if that matters.
sundray@lemmus.org 1 month ago
Are those Troy kilograms? 🤔
Evil_Shrubbery@thelemmy.club 1 month ago
Sludgeyy@lemmy.world 1 month ago
Gold would be given in troy ounces
gigastasio@sh.itjust.works 1 month ago
I’ll accept troy cheeseburgers.
Semi_Hemi_Demigod@lemmy.world 1 month ago
It’s 500 gold bars about the size of an iPhone 6
kossa@feddit.org 1 month ago
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?
captainlezbian@lemmy.world 1 month ago
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.
holy_scroller@lemmy.zip 1 month ago
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.
Trainguyrom@reddthat.com 1 month ago
It gets wonky with a non-cash windfall though. A couple of years ago my wife and I won game tickets valued around $3k which of course you have to pay income tax on which was ultimately around a thousand dollars (I don’t remember exactly, but it was something like 30-50% of the winnings) for just those tickets, which of course since they’re game tickets you then spend more money going to the game. Ultimately we could afford it and enjoyed the experience but I do not want to imagine how that goes for folks who win for example a $40k car and don’t take the cash equivalent option
RememberTheApollo_@lemmy.world 1 month ago
The weird thing is a) assuming you wouldn’t have to pay taxes on the value of the gold, and b) not understanding you’d still be a shitload richer yet complain about the taxes anyway. What are you all, instant Donald Trumps? Get a few bucks and immediately not want to pay taxes?
Fedizen@lemmy.world 1 month ago
I would happily pay taxes on FREE MONEY. Like how are people such babies?
enbiousenvy@lemmy.blahaj.zone 1 month ago
ITT: having less limmy reference than expected and took it literally
Kolanaki@pawb.social 1 month ago
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.
josephc@lemmy.ml 1 month ago
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.
stoly@lemmy.world 1 month ago
I didn’t do the math but concluded that gold was the better value but harder to handle.
_stranger_@lemmy.world 1 month ago
78ish million for the gold, and 50 Million for the money.
Themosthighstrange@lemmy.world 1 month ago
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.
beepbeeplettuce@lemmy.dbzer0.com 1 month ago
To be fair, I don’t know exactly how we’re getting this cash, but chances are it’s also taxable. Maybe you could get away with it, but that’s a lot of millions to hide.
Calfpupa@lemmy.ml 1 month ago
Thats why you borrow against it :)
peaceful_world_view@lemmy.world 1 month ago
Nah, I know a guy.
IzzyJ@lemmy.world 1 month ago
You can see they’re in 100s
TommySoda@lemmy.world 1 month ago
But steel is heavier than feathers…
DarrinBrunner@lemmy.world 1 month ago
BenLeMan@lemmy.world 1 month ago
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 getting taxed. And 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!
RememberTheApollo_@lemmy.world 1 month ago
Gold: ~$145,000/kg
Dollar bills = about $1,000/kg
For reference.
WorldsDumbestMan@lemmy.today 1 month ago
Is it 100 dollar bills? How much? Each weighs a gram. Gold is worth…145$ peer gram. So that means…gold will always be worth more, unless severely diluted.
HeHoXa@lemmy.zip 1 month ago
Homie flunked the pound of feathers riddle one too many times
Delphia@lemmy.world 1 month ago
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?
Diddlydee@feddit.uk 1 month ago
I’d take either and be happy.
Agent641@lemmy.world 1 month ago
A cube of gold weighing 509kgs would only be about 30cm on a side.
csolisr@hub.azkware.net 1 month ago
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-1sundray@lemmus.org 1 month ago
I’d probably take the cash since I don’t know how to turn gold bars into money. It’s never come up before!
MeatPilot@sh.itjust.works 1 month ago
What about… 500 kgs of Bitcoin?
Email@lemmy.world 1 month ago
I’m not getting either. 500kg is powerlifter territory, nobody else can lift it.
wieson@feddit.org 1 month ago
Gold, so I don’t have to touch US dahlors
IvyisAngy@lemmy.world 1 month ago
Selling shit is a nightmare, fuck the pound-to-value maths, just give me the money.
assassinatedbyCIA@lemmy.world 1 month ago
But gold is heavier than bank notes
Gammelfisch@lemmy.world 1 month ago
I’ll take the gold, MAGA is royally fucking up the USD.
VM_Abrantes@lemmy.world 1 month ago
borQue@lemmy.zip 1 month ago
The gold of course, Dollar is not even worth its weight in paper in a few years
Treczoks@lemmy.world 1 month ago
One gram of X Dollar notes is worth X Dollar, as a Dollar note weighs one gram.
One gram of gold is somewhere close to 150 Dollar.
So with 100 Dollar or smaller notes I would take the gold, but there are also 500, 1000, 5000, and 10000 Dollar notes…
UnspecificGravity@piefed.social 1 month ago
If you get a big pile of money you have to pay taxes on it immediately and then you only get interest on what is left over after you got tax. If get a big pile of gold you don’t pay taxes until you sell it, and in the meantime you benefit from any increase in value since then.
tobebannedbygaymods@lemmy.zip 1 month ago
both are more than I can carry , I’ll take 30kg of gold
Nyadia@lemmy.blahaj.zone 1 month ago
No thanks, I’ve read Umineko, I know how this ends
Kaligalis@lemmy.world 1 month ago
I take the gold. I like shiny gold and dollar bills would look stupid in my hoard.
Evil_Shrubbery@thelemmy.club 1 month ago
Yeah, but the volume of 500kg of monies is like 19× larger!!
Then again … 500kg of gold is just under 26 litres which would mean I can finally cast my favourite Bad Dragon product.
peteypete420@sh.itjust.works 1 month ago
Cash, the value be dammed. Im not trying to sell fucking gold. Im not a fucking merchant
AllNewTypeFace@leminal.space 1 month 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 1 month 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.
stupidcasey@lemmy.world 1 month ago
Same would be required for 50M in cash not to mention Taxes.
Mac@mander.xyz 1 month ago
You don’t think you’ll be investogated for a massive gold transaction?
StaticFalconar@lemmy.world 1 month ago
I wonder if i should pick the option that is going to make someone else rich off their commission, or just cash?
nuko147@lemmy.world 1 month 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…
Mouselemming@sh.itjust.works 1 month ago
Besides, you never know when the FBI might show up.
www.msn.com/en-us/news/crime/…/ar-AA24htDu
OddMinus1@sh.itjust.works 1 month ago
I could see FBI showing up if you try to do something with 500 kg of dollar bills as well.
unwarlikeExtortion@lemmy.ml 1 month ago
I’d choose gold. AFAIK most all money laundering rules deal with cash.
Even if a geine were to give you 500 tons of cash or gold, some governments may have a problem with that and choose to redistribute it.
Choosing gold makes the value much more liquid in my opinion.
Not to mention that gold doesn’t rot (unlike USD). In today’s economy gold is probably more value-dense (as in, a pound of gold is worth more than a pound of hundered-dollar bills).
Currencies also come and go but gold stays. If you’re thinking long-term, gold is the vastly better choice.
peteypete420@sh.itjust.works 1 month ago
If that works for you, fine. Im sticking with cash. The government doesnt know I have it, they wont know to look for it. And it wont start rotting in my lifetime.
mbp@slrpnk.net 1 month ago
you can visit my local pawn shop, they give cash for gold
70m in gold pls
JcbAzPx@lemmy.world 1 month ago
Okay, here’s your five dollars. Thank you for your business.
WolfmanEightySix@piefed.social 1 month ago
Depending where you are you might not be able to put a that amount of cash in your bank, although it’s easier to use.
peteypete420@sh.itjust.works 1 month ago
O, very little would actually get deposited. But all my groceries and eating out and booze and lots of video games and hobbie shit will just get paid for in cash.