this post was submitted on 20 May 2024
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Your average shoebox is 35X23.5X13.5 cm, or 11103.75 cubic centimeters. The density of gold is 19.3 g/cm^3. You can fit 11103.75X19.3 = 214302 grams of gold in a shoebox. One gram of gold right now is $77.78 US. That's 214302X77.78 = over 16.5 million US. There are things significantly more valuable (but not more fungible) than gold, too. The Pi million pill is completely moot. Or just take both, I guess.
No, get the gold and the pill that doubles something you own. The pi million is completely moot.
Or just ask what stock is going to raise the hardest and ask when is the best moment to sell if you have 2 questions
You'd need to invest 1mil in a 3000% return stock in order to make 30 mil like the gold option. If you bought fb when it was lowest and sold when it was highest, you'd get 2158% return. There's stuff like Amazon, coca cola, etc. That had much higher % gain but you'll need for that company to exist and then wait for it to explode.
If you already have a lot of money to invest, sure, your strategy might be worth. Otherwise, double gold sounds better.
Is it easy to sell gold? I read recently that people are buying gold bars from Costco and struggle to sell them later.
Smaller quantities shouldn't be too hard to sell. 16.5 million worth would definitely be a bit of a logistical problem. I'm sure a bank would help you out with an amount that large.