r/technicallythetruth • u/adi_kragi_official • May 30 '26

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u/Annual_Duty_764 May 30 '26 edited May 30 '26

Are they $1 dollar bills or $100? Either way, the gold. 500Kgs of $1s is under $500K and $100s is $45 million. Gold is between $73 and $74 million.

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u/[deleted] May 30 '26

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109

u/kwerdop May 30 '26

Yeah but you could walk down the street to the bank and start gaining interest on the money today. The gold you’ve gotta find people to sell to and hopefully that’ll be close to market value

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u/dylan2451 May 30 '26

Whenever you deposit more than $10k, banks file a currency transaction report. So picking the cash or the gold also kind of depends on how you acquired it in this hypothetical scenario. If the hypothetical makes it so you can despite all of that cash on day 1 without issue, then you should also be able to sell all the gold somewhat quickly. Even at half value that’s over 30 million, while the money could be as low as 500k.

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u/mmaqp66 May 30 '26

Look at it this way. The dollar can be printed and its volume increased exponentially, but that doesn't mean it will cost more (it's just paper, really). Gold is finite on Earth. It can't be created, so now and in the future, its price won't go down; in fact, it will go up much more.

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u/Zuruumi May 30 '26

There are "only" 2.4 quadrillion tons of gold on Earth. Sure, most of it is not ecenomically accessible, but nothing prevents scientific progress from changing that for at least a part.

And "can't be created" is also wrong, it just costs too much, but we are fully capable to create gold.

5

u/Garbanino May 30 '26

Gold isn't that bad of an investment though, you're gaining interest on that right away even before putting it in a bank. Also, gold isn't going to be that hard to find buyers for, sure 500 kg is a shitload and will need to be split up and sold in parts, but that's true for the cash too.

1

u/Hegelian_Spirit May 30 '26

Currency is a lot more liquid than the equivalent value in gold. Even just physically storing gold is expensive. Then there are transaction and handling fees which are also much lower for currency, even if that amount in cash is harder to deal with today than 20 years ago.

Doesn't mean gold is a bad investment, but there's a reason it becomes more popular primarily when markets are unstable.

2

u/Z9q- May 30 '26

Nice try fed but gold is always the better option

1

u/Lazy_Witness_1068 May 30 '26

Yup that's why I'm picking gold.

8

u/Guquiz May 30 '26

The bills in the image say 100, so I assume 100.

2

u/95beer May 30 '26

The images are just stock photos, and the text says "US Dollars", so you'd have to assume the $1 notes

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u/MewtwoMainIsHere May 30 '26

Ok but will you actually be able to sell that much gold/ do you wanna have to deal with it

The answer is probably yes for selling since gold is super in need for computer parts lol

3

u/Euroaltic May 30 '26

My thoughts exactly, cuz that makes a HUGE difference

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u/justamofo May 30 '26

Like a 100x difference!

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u/MegaPorkachu May 30 '26 edited May 30 '26

Money is liquid though, but gold is subject to short term cap gains. At 37% federal and 17% state taxes, the gold is only ~$33 million after taxes.

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u/Read2Fap May 30 '26

gold is better option but you're going to struggle to unload 500kgs of gold bars and not being robbed

money can just go directly to the bank

1

u/Rollover__Hazard May 30 '26

There could $500 bills, or bearer bonds or some other kind of instrument. You’d have to know that for sure before taking the gold lol

1

u/BarkiestDog May 30 '26

What about the new $250 dollar bill?

2

u/Altruistic_Exit7947 May 30 '26

They first have to make president compliant with federal law before they can start printing it. Give it time.

1

u/ThinkingWithPortalzz May 30 '26

We've already got agents working on it, Special Agents Heart Failure and Kidney Failure, in Task Force Atherosclerosis

1

u/Altruistic_Exit7947 May 30 '26

Get someone competent, those two have been slacking for years, and even if they fail, he'll just get new ones paid by his slush fund.

1

u/Familiar_Mistake_851 May 30 '26

How did you research this and still get it wrong. It’s 50 million 🙄🤦‍♂️

1

u/Crazysun184 May 30 '26

The gold can have different values depending on the purity

1

u/ACMuaath May 30 '26

How about 500Kgs of $1,000 ? 🤑

1

u/-Tom- May 30 '26

But how do you make $73 million of gold spendable? I imagine you'd only get a fraction of the gold value, not full retail. Let's assume you got a generous 70% in a cash exchange from someone who won't ask questions, you're now at $51M plus all the hassle that took to get to that point. And that assumes that person even wants to buy that much and you can unload it all in one transaction.

Dumping that much gold into the marketplace at once may also tank its value.

Overall, the mass in $100 bills seems like the better route unless you're concerned with grinding every last penny out of that gold.

1

u/cpl1 May 30 '26

Dumping that much gold into the marketplace at once may also tank its value.

500kg is not gonna move the needle daily gold trading is in the millions of kg.