• WorldsDumbestMan@lemmy.today
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    57 minutes 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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      42 minutes 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.

  • RememberTheApollo_@lemmy.world
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    3 hours ago

    Gold: ~$145,000/kg

    Dollar bills = about $1,000/kg

    For reference.

    Edit: didn’t tap the image to see $100 bills. Add a couple zeros to the $/kg amount.

  • Email@lemmy.world
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    4 hours ago

    I’m not getting either. 500kg is powerlifter territory, nobody else can lift it.

  • borQue@lemmy.zip
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    4 hours ago

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

  • kossa@feddit.org
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    9 hours 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
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      6 hours 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
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        5 hours 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.

        • Landless2029@lemmy.world
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          4 hours ago

          I learned about tax brackets when I went up a bracket.

          Self education is seriously lacking for most people.

          Literally just search “how do tax brackets work?”

          Took me 15 min to learn everything I needed to know instead of making a false assumption.

      • Trainguyrom@reddthat.com
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        4 hours 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
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      5 hours 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
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      5 hours ago

      I would happily pay taxes on FREE MONEY. Like how are people such babies? The pay/effort ratio is still amazing even if the tax rate was 95%. Only slightly worse than the pay/effort ratio of a billionaire taking a shit on the toilet.

  • bitwolf@sh.itjust.works
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    5 hours ago

    Why not both?

    Take the cash, there’s more value in the cash by weight, use the cash to buy the gold and keep the surplus cash.

  • TigerAce@lemmy.dbzer0.com
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    13 hours ago

    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.

    • TranscendentalEmpire@lemmy.today
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      8 hours 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
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        5 hours 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.

        • TranscendentalEmpire@lemmy.today
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          4 hours ago

          There is such a thing as a gold loan, but it’s not really a good deal compared to even something like a HELOC loan. The interest rates are much higher, and they’ll usually only loan out 50% of the value of the gold, and you’ll have to hand it over to the bank for storage.

          The main problem with this is that you don’t have an income or a way to make more gold like billionaires can with stock. So you would have to eventually sell some of the gold to pay the loan. Which would entail not only paying interest on the loan, but a 28% tax on the gold. You don’t have a skeem like capital gains to lower your tax burden with a physical commodity.

          • TigerAce@lemmy.dbzer0.com
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            3 hours ago

            Take out the loan. Invest it into stock. Get another loan to pay off the previous loan and living money. Continue indefinitely. Problem solved. Make more money, without touching the gold. Invest everything extra you make into more stock.

            • TranscendentalEmpire@lemmy.today
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              2 hours ago

              Right, but for the loan amount you are going to lose 50% more than you borrow in gold. So if you want a million dollar loan, you’ll have to give the bank 2 million in gold to hold as collateral. You’re also going to be paying 10-30% apy on your short term loan.

              If you start with let’s say 80 million in gold, you will only have enough collateral to secure 40 million in loans in total. Which at a 10% apy would occur 4 million in interest a year without accounting for any compounding interest.

              If you did this perfectly and did not spend any of the money you borrowed for anything other than paying loans, you would only be able to do this for 10 years…not indefinitely. And that is giving you the lowest interest rate available.

              Even if you invested in stock that you made money on, that earnings would be taxed at 20-30% depending on how long you had it for. So you are paying 10- 30 percent in interest to invest in a profit that gets taxed an addition 20-30%… It would be better to just have the cash.

        • megopie@lemmy.blahaj.zone
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          3 hours ago

          Ok, but… what if the bank asks where you got the gold? Or they ask if you have proof you came by it legally, and then the IRS notices you have a bunch of outstanding loans collateralized with an asset they have no record of you obtaining or paying taxes on the income used to obtain it.

          Like… with the cash, you just… spend it on stuff. If you need to pay for something not in cash, then just open a cash based business and overstate your sales.

          Or you could… just… list those things as unspecified income and pay taxes on it and not worry about slipping up and going to jail.

          • TigerAce@lemmy.dbzer0.com
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            3 hours ago

            Where would you use all that cash? In my country you’re not allowed to make purchases over 3k. Payments bigger than that are rejected and authorities are notified.

            I was assuming the prize was legit, which would also mean you’d have to pay taxes over it. Than you have it legally and you can use it to take out loans.

        • TranscendentalEmpire@lemmy.today
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          4 hours ago

          I mean fair point… But to be honest, it’s more likely that another fiat currency replaces the dollar than it is for gold to become a standard again. Gold doesn’t have any inherent value outside of some electronics, and it’s incredibly inconvenient to actually trade with.

          I think if the dollar does fall off the map and the euro or yuan successfully replaces it as top dog, it’d probably be the actual death knell that kills off peoples gold obsession.

      • zerofk@lemmy.zip
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        3 hours 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
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        5 hours ago

        I think actually in the US you could file the gold under capital gains and get a better tax rate if you’re willing to hold onto it for years.

        Though outside the US the USD are probably a wiser choice. Also if you plan on liquidating the gold immediately its likely subject to sales tax where they exist making it a much worse value proposition.

        • TranscendentalEmpire@lemmy.today
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          4 hours ago

          Nah, in the US gold is considered a “collectible” and is taxed at the maximum federal rate of 28% when sold. Capital gains would only apply to something like stock in gold index funds or mining companies.

    • Spezi@feddit.org
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      11 hours 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.

      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.

      • rmuk@feddit.uk
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        10 hours 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.

        • Echo Dot@feddit.uk
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          9 hours ago

          The US has one of the most easily forged currencies in the world you would have thought they’d done something about it by now. You just bleach low denomination bills and then print hire denomination bills on the resulting blank paper. It’s such an utterly stupid hack that absolutely should not work.

          That’s how Trump is planning to make his $250 bill. He’s just going to print them on bleached $1 bills. It’s the sort of thing he would do.

          • JcbAzPx@lemmy.world
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            4 hours ago

            They did something about that several versions ago. The dollar bill doesn’t have the same security features as higher denominations.

    • HereIAm@lemmy.world
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      12 hours 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.

    • excral@feddit.org
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      12 hours 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?

    • unwarlikeExtortion@lemmy.ml
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      10 hours 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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        1 hour 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.

    • Kyden Fumofly@lemmy.world
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      13 hours 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…

      • BlueFootedPetey@sh.itjust.works
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        5 hours 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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      1 day 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.

      • stupidcasey@lemmy.world
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        13 hours 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)

      • stylusmobilus@aussie.zone
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        23 hours 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.

      • Mac@mander.xyz
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        20 hours ago

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

    • mbp@slrpnk.net
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      15 hours ago

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

      70m in gold pls

  • 🇰 🌀 🇱 🇦 🇳 🇦 🇰 🇮 @pawb.social
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    20 hours 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.

    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.

    • josephc@lemmy.ml
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      20 hours 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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        19 hours ago

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

    • Themosthighstrange@lemmy.world
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      20 hours 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.

  • PieMePlenty@lemmy.world
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    13 hours ago

    Gold for me. Its worth a bit more and will probably increase in value over time. Money will lose value over time.
    Since I don’t plan on spending it all at once, right this moment, it works better in my favor if it appreciates in value. I’m too much of a pussy to invest, so I’d probably let the bills rot too.
    I’d sell the gold bit by bit, underground if need be, to avoid taxes.
    I’d pick money only if I actually needed 50 million in cash right now and had a way to launder it… that is, if these were $100 bills.