• WorldsDumbestMan@lemmy.today
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    17 days 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.

    • Notyou@sopuli.xyz
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      17 days ago

      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.

  • borQue@lemmy.zip
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    18 days ago

    The gold of course, Dollar is not even worth its weight in paper in a few years

  • csolisr@hub.azkware.net
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    18 days 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-1

      • BlueFootedPetey@sh.itjust.works
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        18 days 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.

    • AllNewTypeFace@leminal.space
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      18 days 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.

      • Mac@mander.xyz
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        18 days ago

        You don’t think you’ll be investogated for a massive gold transaction?

      • stylusmobilus@aussie.zone
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        18 days ago

        a large pile of gold

        That depends as well. Gold in specimen and nugget form can be worth considerably more than its value by weight and there’s plenty out there chasing these. These are not hard to move at all.

        But yeah, there can be difficulties trading it and it’s generally subject to taxes. Quite often you need to be licenced as at least a fossicker if you’re selling unrefined gold as a prospector.

        That’s without the pain in the arse process of separating it from impurities.

      • stupidcasey@lemmy.world
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        18 days ago

        Same would be required for 50M in cash not to mention Taxes.

        Btw cash is 50M gold is ~90M

        (And yes the “M” dose mean Monopoly money)

      • ShellMonkey@piefed.socdojo.com
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        18 days 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.

        • Railing5132@lemmy.world
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          18 days 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.

        • wonderingwanderer@sopuli.xyz
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          18 days 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…

    • unwarlikeExtortion@lemmy.ml
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      18 days 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.

      • BlueFootedPetey@sh.itjust.works
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        17 days 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
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      18 days ago

      you can visit my local pawn shop, they give cash for gold

      70m in gold pls

    • Kyden Fumofly@lemmy.world
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      18 days 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…

  • Evil_Shrubbery@thelemmy.club
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    18 days 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.

  • Sundray@lemmus.org
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    18 days 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!

  • Treczoks@lemmy.world
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    18 days 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…

    • Dharma Curious (he/him)@slrpnk.net
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      18 days ago

      First off, it feels fully wrong to hear about “US notes” instead of bills. I know they are notes, but it feels like hearing someone say exclamation mark instead of point or vice versa. One feels natural to some people, the other for others. Just feels so weird.

      Also, depending on how you’re obtaining these 500kg of US notes, anything above 100 dollar bills is basically just for bank transfers and you’ll have a helluva time using it for anything if it wasn’t obtained legally. They’re tracked pretty well. The vast majority of Americans don’t even know they exist, I’d say, and have surely never seen one.

      ETA: I’m mistaken! Apparently those larger bills were legal tender, just rare. It’s the 100k gold certificate that was only for bank transfers

      • Treczoks@lemmy.world
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        18 days ago

        Yep. They discontinued the larger denominations because they were primarily used for corruption, money laundering, tax evasion, etc. Guess why Trump wants to introduce a new 250 Dollar bill? And with his own face on it? The face of corruption on the bill of corruption.

  • UnspecificGravity@piefed.social
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    18 days 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 afterward. 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.

    • Themosthighstrange@lemmy.world
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      18 days 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.

    • josephc@lemmy.ml
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      18 days 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
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        18 days ago

        I didn’t do the math but concluded that gold was the better value but harder to handle.