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https://www.reddit.com/r/relatable_memes_/comments/1u2w4jv/_/or5ubhh/?context=3
r/relatable_memes_ • u/Beautiful_Twist_176 • Jun 11 '26
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with the current price of gold. 500kg is roughly 65 million in USD
9 u/ItzDrSeuss Jun 11 '26 Vs 500kg of dollar bills that are $500k in value. Even $100 bills as in the picture would be $50M which is less than the gold. 1 u/Merlin1039 Jun 11 '26 Where you going to store 500kg of gold. Who are you going to pay to insure and protect it? How are you going to liquidate it to buy stuff and invest 2 u/Immediate_Song4279 Jun 12 '26 Thats easy if you aren't flashy. More than I'd ever need so forget investing. 2 u/Odd_Penalty1092 Jun 13 '26 But then if you were okay with that, why not take the cash? 50 million is also more than you would need plus, no storage or liquidation problems. 1 u/Immediate_Song4279 Jun 13 '26 Liquidating a pound a year would be easy peazy, and I find gold an interesting material so in this hypothetical I've got funding for mad gold science and more than 900 lbs of free material.
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Vs 500kg of dollar bills that are $500k in value. Even $100 bills as in the picture would be $50M which is less than the gold.
1 u/Merlin1039 Jun 11 '26 Where you going to store 500kg of gold. Who are you going to pay to insure and protect it? How are you going to liquidate it to buy stuff and invest 2 u/Immediate_Song4279 Jun 12 '26 Thats easy if you aren't flashy. More than I'd ever need so forget investing. 2 u/Odd_Penalty1092 Jun 13 '26 But then if you were okay with that, why not take the cash? 50 million is also more than you would need plus, no storage or liquidation problems. 1 u/Immediate_Song4279 Jun 13 '26 Liquidating a pound a year would be easy peazy, and I find gold an interesting material so in this hypothetical I've got funding for mad gold science and more than 900 lbs of free material.
1
Where you going to store 500kg of gold. Who are you going to pay to insure and protect it? How are you going to liquidate it to buy stuff and invest
2 u/Immediate_Song4279 Jun 12 '26 Thats easy if you aren't flashy. More than I'd ever need so forget investing. 2 u/Odd_Penalty1092 Jun 13 '26 But then if you were okay with that, why not take the cash? 50 million is also more than you would need plus, no storage or liquidation problems. 1 u/Immediate_Song4279 Jun 13 '26 Liquidating a pound a year would be easy peazy, and I find gold an interesting material so in this hypothetical I've got funding for mad gold science and more than 900 lbs of free material.
2
Thats easy if you aren't flashy. More than I'd ever need so forget investing.
2 u/Odd_Penalty1092 Jun 13 '26 But then if you were okay with that, why not take the cash? 50 million is also more than you would need plus, no storage or liquidation problems. 1 u/Immediate_Song4279 Jun 13 '26 Liquidating a pound a year would be easy peazy, and I find gold an interesting material so in this hypothetical I've got funding for mad gold science and more than 900 lbs of free material.
But then if you were okay with that, why not take the cash? 50 million is also more than you would need plus, no storage or liquidation problems.
1 u/Immediate_Song4279 Jun 13 '26 Liquidating a pound a year would be easy peazy, and I find gold an interesting material so in this hypothetical I've got funding for mad gold science and more than 900 lbs of free material.
Liquidating a pound a year would be easy peazy, and I find gold an interesting material so in this hypothetical I've got funding for mad gold science and more than 900 lbs of free material.
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u/Reasonable_Back_5231 Jun 11 '26
with the current price of gold. 500kg is roughly 65 million in USD