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.
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.