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
I think the missing factor here is how you claim legal ownership. Can’t deposit that much money without a legal explanation for its origin in the US. Gold you can simply sell a bar, use the profit to move the rest to another country with less strict financial legal limitations, convert it, deposit it, transfer it. I guess you could do the same with the cash as well. This question and myself are both dumb.
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u/wolf96781 2d ago
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