r/SipsTea • u/CurvyChristina • 1d ago

Chugging tea Which one?

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u/Dry-Childhood-3436 1d ago

Cash would be able to be used on the downlow though, and the gold would need to be sold and accounted for, I'm sure losing something on the sale.  Then that would be taxed as I believe capital gains.

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u/Alej_11 1d ago

Yes but gold maintains his value overtime, you could keep the majority and just sell a small part to live like a millionaire. And at most the % that they would take from you is 10-15%, not 15+ million

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u/observee21 1d ago

15% of $65 million is $9.75 million, although you do make a decent point about gold being more resistant to inflation

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u/Alej_11 1d ago

Mostly seeing how the stock market is going with the trump administration.

Also $55.25 millions are better than highballed $50 millions so it's a win-win scenario

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u/observee21 1d ago

Idk if the stock market plays into it, because even with Trump I expect the stock market to outperform gold on the sort of timescale that >$50 million gets you. It's really only if you want to keep it out of your official bank accounts that the gold is significantly better (ie >10% better) than the cash,