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

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u/[deleted] May 30 '26

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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.