I'm not getting either. 500kg is powerlifter territory, nobody else can lift it.
this post was submitted on 03 Jun 2026
639 points (99.2% liked)
Lemmy Shitpost
40124 readers
4085 users here now
Welcome to Lemmy Shitpost. Here you can shitpost to your hearts content.
Anything and everything goes. Memes, Jokes, Vents and Banter. Though we still have to comply with lemmy.world instance rules. So behave!
Rules:
1. Be Respectful
Refrain from using harmful language pertaining to a protected characteristic: e.g. race, gender, sexuality, disability or religion.
Refrain from being argumentative when responding or commenting to posts/replies. Personal attacks are not welcome here.
...
2. No Illegal Content
Content that violates the law. Any post/comment found to be in breach of common law will be removed and given to the authorities if required.
That means:
-No promoting violence/threats against any individuals
-No CSA content or Revenge Porn
-No sharing private/personal information (Doxxing)
...
3. No Spam
Posting the same post, no matter the intent is against the rules.
-If you have posted content, please refrain from re-posting said content within this community.
-Do not spam posts with intent to harass, annoy, bully, advertise, scam or harm this community.
-No posting Scams/Advertisements/Phishing Links/IP Grabbers
-No Bots, Bots will be banned from the community.
...
4. No Porn/Explicit
Content
-Do not post explicit content. Lemmy.World is not the instance for NSFW content.
-Do not post Gore or Shock Content.
...
5. No Enciting Harassment,
Brigading, Doxxing or Witch Hunts
-Do not Brigade other Communities
-No calls to action against other communities/users within Lemmy or outside of Lemmy.
-No Witch Hunts against users/communities.
-No content that harasses members within or outside of the community.
...
6. NSFW should be behind NSFW tags.
-Content that is NSFW should be behind NSFW tags.
-Content that might be distressing should be kept behind NSFW tags.
...
If you see content that is a breach of the rules, please flag and report the comment and a moderator will take action where they can.
Also check out:
Partnered Communities:
1.Memes
10.LinuxMemes (Linux themed memes)
Reach out to
All communities included on the sidebar are to be made in compliance with the instance rules. Striker
founded 3 years ago
MODERATORS
The gold of course, Dollar is not even worth its weight in paper in a few years
Gold: ~$145,000/kg
Dollar bills = about $1,000/kg
For reference.
Edit: didn’t tap the image to see $100 bills. Add a couple zeros to the $/kg amount.
It'd be $100,000 because they're $100 bills
This right here.
Not to mention the value of gold is not tied to how stupid the US president happens to be at that moment.
10 $100 notes weigh a kilogram?
That’s not what the meme math is.
1kg of $1 bills = $1,000.
where is it written?
The unit of mass: kg
The unit of currency: dollars
You do the math.
Everybody ITT
But I would have to pay taxes 😱
What are y'all doing complainig about billionaires not paying taxes, when you want to avoid them already talking about imaginary money?
Yeah, oh no I have to pay taxes on a massive windfall… Fuck off with that, I want my society to function. I get that it's a big chunk, but it's also free money.
It gets wonky with a non-cash windfall though. A couple of years ago my wife and I won game tickets valued around $3k which of course you have to pay income tax on which was ultimately around a thousand dollars (I don't remember exactly, but it was something like 30-50% of the winnings) for just those tickets, which of course since they're game tickets you then spend more money going to the game. Ultimately we could afford it and enjoyed the experience but I do not want to imagine how that goes for folks who win for example a $40k car and don't take the cash equivalent option
I've heard numerous people complain about getting a raise because they would end up in a higher tax bracket and come out net negative...I don't think most people understand how tax brackets work.
I learned about tax brackets when I went up a bracket.
Self education is seriously lacking for most people.
Literally just search "how do tax brackets work?"
Took me 15 min to learn everything I needed to know instead of making a false assumption.
The weird thing is a) assuming you wouldn’t have to pay taxes on the value of the gold, and b) not understanding you’d still be a shitload richer yet complain about the taxes anyway. What are you all, instant Donald Trumps? Get a few bucks and immediately not want to pay taxes?
I would happily pay taxes on FREE MONEY. Like how are people such babies? The pay/effort ratio is still amazing even if the tax rate was 95%. Only slightly worse than the pay/effort ratio of a billionaire taking a shit on the toilet.
Why not both?
Take the cash, there's more value in the cash by weight, use the cash to buy the gold and keep the surplus cash.
Gold has spiked recently. It's worth more than $100s by weight.
I mean, isn't that the joke/intention?
500kg of gold is $72.6 million as of current market value.
The image shows 100 dollar bills, so let's assume the 500kg consists of just that. That would add up to ~$50 million (~1 gram each, adding up to 500.000 bills).
Gold increases in value. The dollar is decreasing in value and Trump is making sure it's going to tank as soon as possible.
Gold is worth more and is a wiser investment over time so I pick gold, with delivery please and thank you.
Good luck liquidating 500kg of gold without someone taking a decent cut. Gold doesn't always increase in value, it's a highly volatile commodity and atm is highly over speculated. More than likely whenever trump dies or leaves the office the market will correct itself to pre-pandemic pricing.
When people who don't understand what fiat currency is get scared by geopolitical instability they buy gold. Whenever those geopolitical instabilities absolve themselves they sell.
You'd probably be better off taking cash and investing it into index stock then taking the time and money to store, transport, and sell that much gold. There's a reason why billionaires are building Scrooge McDuck vaults and swimming in bullions.
Good luck liquidating 500kg of gold without someone taking a decent cut.
If that decent cut is 95%, you’d get only 5%. Sounds bad. 5% of 72.6 million is … 3.63 million.
Yeah, I’ll still take it.
I would just lock it all up in a vault. Why would I need to liquidate it? I can take loans from the bank indefinitely, as I have the gold as insurance. That's what billionaires do as well, to avoid taxes. They use their wealth in stock as insurance to take out loans, because on loads you don't pay taxes. But in my case I would pay taxes for the value of the gold, like a decent person.
There is such a thing as a gold loan, but it's not really a good deal compared to even something like a HELOC loan. The interest rates are much higher, and they'll usually only loan out 50% of the value of the gold, and you'll have to hand it over to the bank for storage.
The main problem with this is that you don't have an income or a way to make more gold like billionaires can with stock. So you would have to eventually sell some of the gold to pay the loan. Which would entail not only paying interest on the loan, but a 28% tax on the gold. You don't have a skeem like capital gains to lower your tax burden with a physical commodity.
Take out the loan. Invest it into stock. Get another loan to pay off the previous loan and living money. Continue indefinitely. Problem solved. Make more money, without touching the gold. Invest everything extra you make into more stock.
Ok, but… what if the bank asks where you got the gold? Or they ask if you have proof you came by it legally, and then the IRS notices you have a bunch of outstanding loans collateralized with an asset they have no record of you obtaining or paying taxes on the income used to obtain it.
Like… with the cash, you just… spend it on stuff. If you need to pay for something not in cash, then just open a cash based business and overstate your sales.
Or you could… just… list those things as unspecified income and pay taxes on it and not worry about slipping up and going to jail.
Where would you use all that cash? In my country you're not allowed to make purchases over 3k. Payments bigger than that are rejected and authorities are notified.
I was assuming the prize was legit, which would also mean you'd have to pay taxes over it. Than you have it legally and you can use it to take out loans.
That's my secret Mr. Stark... I'm always geopolitical instabilities
I mean fair point..... But to be honest, it's more likely that another fiat currency replaces the dollar than it is for gold to become a standard again. Gold doesn't have any inherent value outside of some electronics, and it's incredibly inconvenient to actually trade with.
I think if the dollar does fall off the map and the euro or yuan successfully replaces it as top dog, it'd probably be the actual death knell that kills off peoples gold obsession.
I think actually in the US you could file the gold under capital gains and get a better tax rate if you're willing to hold onto it for years.
Though outside the US the USD are probably a wiser choice. Also if you plan on liquidating the gold immediately its likely subject to sales tax where they exist making it a much worse value proposition.
Nah, in the US gold is considered a "collectible" and is taxed at the maximum federal rate of 28% when sold. Capital gains would only apply to something like stock in gold index funds or mining companies.
Could be that only the outer ones are 100 dollar bills while the inner ones are 1 Dollar bills because they are the same size.
Fun Fact: This is bad for accessibility, thats why the Euro has three indicators for blind people to find the right bill: different sizes, a feelable line structure on the side and different colors for those that can are legally blind but still can see some rough colors.
Those features you mentioned are actual quite widespread: the EU, Norway, Poland, the UK, Australia, Canada, NZ, and more all have them. It's really just the US that insist on having basically indistinguishable sludge-coloured notes. I used to handle international currently regular and hated dealing with US dollars.
The US has one of the most easily forged currencies in the world you would have thought they'd done something about it by now. You just bleach low denomination bills and then print hire denomination bills on the resulting blank paper. It's such an utterly stupid hack that absolutely should not work.
That's how Trump is planning to make his $250 bill. He's just going to print them on bleached $1 bills. It's the sort of thing he would do.
They did something about that several versions ago. The dollar bill doesn't have the same security features as higher denominations.
load more comments
(1 replies)
load more comments
(6 replies)
view more: next ›