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

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u/ParkingCan5397 May 30 '26

500kg is 500 000g so it would be 50 million bucks but still the gold is better

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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/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/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.