I would take the cash and pay some bills. Then I would probably buy some silver.
If someone offers you $100,000 in cash or gold, will you take cash or gold?
by Iamallcool 32 Replies latest jw friends
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minimus
Tax free?
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WTWizard
If I got stuck with the cash, I would immediately buy as much silver as I could get with it. I believe that, per toilet paper you spend on it, silver will yield a bigger return than gold. Gold merely protects the value of your wealth, but silver is way underpriced because of the big banks that are still short 100 ounces of silver per ounce that is actually out there. Once they get squeezed, the price of silver is going to the moon while gold will only go to the sky.
Yet, between cash that I had to hold and gold, I would take the gold because I believe the cash is going to become toilet paper at any time. I will not give a definitive prediction, but every time a prediction that debt based currency is going to become toilet paper, it is because they are simply stalling and it will be that much worse when it finally does crash and burn.
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happy@last
I'd take the gold
Phizzy, Scottish Pounds might not be so good if Alex Salmond gets his way, I'll be moving mine offshore to England
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rather be in hades
i'd take 100k in anything :P
but if i had to chose...100k in platinum or rhodium?
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botchtowersociety
Cash (and by that I mean my own nation's currency).
Why?
Basically, at the point in time that I receive the $100,000, the cash and the gold are both worth exactly the same: $100,000.
However, I can more easily exchange cash for something else than I can with gold. I can walk out the door and do something with cash immediately. I can't walk into a store and buy something with gold. Gold I would need to convert to cash, for use, since it is not legal tender (and even if it is, the face value is far, far lower than the intrinsic value). I can flip all the cash to gold immediately if I so choose, or only a portion, while allocating the rest of the cash as I see fit. I can do that more easily with cash than with gold.
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tec
Cash.
Cuz I'm just gonna spend it. Like BTS said above, it is easier to use the cash than the gold.
Peace,
tammy
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mind blown
Gold
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NewYork44M
Here in NYC, $100,000 doesn't even get close to a downpayment for a 1 or 2 bedroom apartment. So, I am not sure what I would do. I guess I would take the cash, put it in a short term investment and then decide.
Cash is best because of its liquidity. Given its liquidity you may decide to invest part in gold, but I would never invest all in gold.
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Leolaia
However, I can more easily exchange cash for something else than I can with gold.
This^^