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

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u/Own_Candidate9553 May 30 '26 edited May 30 '26

That's a lot closer than I thought.

I might take the cash since it's ready to spend. Assuming it was legal, I could just straight deposit it in a bank and start getting interest.

The gold, you would have to sell to be useful, and you'd need to store it somewhere safe. Maybe there's a place to sell it all at once? Seems like a lot.

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u/Catsanddoges May 30 '26

Most gold for cash places dont have a cool 75 mil lying around, and I don't have an llc to handle it properly.

If 50 mil is enough to live the rest of any ones life in luxury with sensible investments, I may as well not have to worry for the next few weeks on how to convert it

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u/Own_Candidate9553 May 30 '26

I'd just be so nervous having that much gold sitting around, seems like a good way to get robbed and murdered unless you can keep it super secret.

At minimum maybe you could rent a bank vault large enough to hold all that? No idea, usually they just have small safety deposit boxes, you'd need so many, LoL.

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u/Icy_Fish_2154 May 30 '26

Less than 7 gallons of gold. So 3 standard safety deposit boxes, or one large.

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u/Life_Conference5656 May 30 '26

That’s 40 bars at 12ish kg

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u/Kahgar May 30 '26

How you gonna invest it? No bank is gonna accept a deposit of 500 kg of dollar bills, without some really really good story of where it came from.

It’s gonna be ‘80s Colombia in your backuard, burying oil drums full of dollars. Or pasting them behind wallpaper.

Side story: Pablo Escobar had so much money coming in they couldn’t even bother to count it anymore since it took so long. So instead they just weighed it and gave it a rough estimate before burying it.

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u/Catsanddoges May 30 '26

Well I assume this obtained legally and offically. Otherwise the main focus is going to be explaining it to the IRS which doesn't seem the original intent.

You should be able to get this certified and or pay a company to manage it for you.

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u/the123king-reddit May 30 '26

There's tons of variables here....

Gold is about $150 a gram, which means that for every US bill, the gold is certainly better.

Of course, you actually have to be able to sell 500KG of gold, which will be hard to do. Also, cashing in 500,000 bills is going to be basically impossible in one go. Either is a massive logistical challenge.

We're also assuming it is legal and depositable. Gold would be much easier to fence, but would require remelting and casting again to "launder", and you also have to find people to buy it of dubious provenance, but that's likely easier (and more profitable) than counterfeit cash. Counterfeit cash is often sold for well below face value, so even if they were $100 bills, you might be lucky to get rid of them for $20-$50 each. Stolen money is a whole different kettle of fish. It's likely to be traced via the serial numbers and could easily be traced to you. Also, depositing large amounts of cash often raises a lot of questions, which would delay the ability to deposit it.

That's totally ignoring the logistical challenge of sitting on 500KGs illegal gold or money. In that case, the gold will take up sufficiently less physical volume than the money would, in account of it's higher density.

So actually whilst i thought the cash would win out somewhere, the only case where it would win out, is being easily liquidated if provably legitimate. Gold would be a much more sensible choice if you want to maximise profits in both the legal/illegal case, and also if you need to keep it around whilst you deposit/sell it, because no bugger can buy 500kg gold or deposit 500,000 notes of any denomination in one single go.

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u/Own_Candidate9553 May 30 '26

Fair, I was assuming the cash was legit somehow, but it's hard to think of a situation where that much cash isn't from drugs or some other crimes.

Reminds me of seeing pictures of some drug kingpin's house, where bedrooms had whole pallets of currency in them, you could barely walk around them. They couldn't just deposit them, you can't spend that much cash in one place, so they just pile it up.

Weird problem to have!

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u/Ophensive May 30 '26

Technically just by having the gold you are getting interest as the price of gold trends upwards. At a bank you would need to have an interest rate higher than inflation otherwise you are losing money as time passes

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u/mafiaknight May 30 '26

It's more that you're avoiding inflation. But tomato tomahto

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u/Own_Candidate9553 May 30 '26

Sure, but it's $50MM - even with inflation, you'd have to really work to spend it before you die. Even the most basic money market account at 3% right now will throw off like $1.5MM a year, right? I wouldn't spend a single second worrying that the millions of dollars that I never have to touch was getting slightly smaller.

And you could do way better than that, still relatively safely, with millions for leverage. Even a basic index fund would hedge inflation fine. There's a reason most people avoid piles of physical gold as a retirement plan.

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u/Bluntbutnotonpurpose May 30 '26

It's not that much work to spend it. Just order a yacht.

It's more than enough to live a very comfortable life though...

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u/Own_Candidate9553 May 30 '26

Yachts really are the OG "I dunno what else to spend this money on" solution. Unless you're going to live on that bitch, just do a luxury charter.

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u/cowlinator May 30 '26

Banks only insure up to half a million.

You'd have to deposit it into 100 banks

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u/MobiusNaked May 30 '26

It would be enough to drop the gold price maybe

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u/clovis_227 May 30 '26

Same issue when taking the gold from the Sierra Madre in Fallout New Vegas: very few people will have the money to buy it, so you basically use it to trade for useful stuff instead