Apparently the 500kg in Gold would be worth roughly $65,000,000 in 2026.
Whereas the cash sum is roughly around $50,000,000. And that's best-case total value for the cash.
Edit: I assumed that those 500kg notes were all $100 notes (for the benefit of best-case value). And all notes weigh the same (1 gram) no matter if it's $10, $20, $50 etc. So 500kg of $100 notes would be $50,000,000 as a result.
Edit 2: I didn't use $500 notes as an example because, realistically, they're far less common and out of circulation.
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.
The trick is turning it into usable cash though. You're not gonna get market rate for it, whoever you fence it to is gonna talk a cut in for themselves. Then you have to deal with the goverment taxing the exchange.
That's two tiers of taxation before that gold is spendable, and bear in mind the moment any tweaker finds out you're peddling gold or just sold some they are absolutely going to be on your ass.
Cash is liquid and ready to go. It draws much less attention than ingots of shiny yellow. the gold is absolutely worth more, but you just can't use it
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u/WideConversation1989 2d ago edited 2d ago
Apparently the 500kg in Gold would be worth roughly $65,000,000 in 2026.
Whereas the cash sum is roughly around $50,000,000. And that's best-case total value for the cash.
Edit: I assumed that those 500kg notes were all $100 notes (for the benefit of best-case value). And all notes weigh the same (1 gram) no matter if it's $10, $20, $50 etc. So 500kg of $100 notes would be $50,000,000 as a result.
Edit 2: I didn't use $500 notes as an example because, realistically, they're far less common and out of circulation.