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 to get taxed. FWIW, 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!
For context:
500kg cash in 100 USD bills (like on the picture) would be roughly 50.000.000 USD.
And 500kg of Gold would currently be 71,396,000 USD.
Cash, the value be dammed. Im not trying to sell fucking gold. Im not a fucking merchant
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…
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.
10 $100 notes weigh a kilogram?
That’s not what the meme math is.
1kg of $1 bills = $1,000.
where is it written?
The unit of mass: kg
The unit of currency: dollars
You do the math.
You sound so confident that I can’t tell if you are genuinely stupid, you are trolling or a dollar bill actually weights around one gram.
Highlighted. Just in case you have any difficulty finding the correct info before you say anything else.
Bills weigh 1g, and 1g of gold is >$100, so I’m going with gold.
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.
IOUs based off of gold are a literally significant part of 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 1.4x 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 or move 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.
