Post #3297612
2026-06-03 19:17 UTC
Replies (3)
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@nuko147@lemmy.world 2026-06-04 07:02
You don’t sell the gold. You take 10x loans of gold’s worth and use it as collateral. Like banks and billionaires do. Well maybe 100x…
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@stupidcasey@lemmy.world 2026-06-04 07:18
Dude you just went from a multi millionaire able to retire in luxury to a modest house outside the city because your lazy …
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@AllNewTypeFace@leminal.space 2026-06-03 20:04
If the gold is in an accepted standard form, such as krugerrands, you just need to find a precious metals dealer. If it’s just a pile of gold, then there’s a lot of hassle. I imagine ingots of the sort national gold reserves hold would be somewhere in between. Shifting a large quantity of gold may require a non-optional explanation of its provenance, with “I woke up and it was just there” or “a genie gave it to me after I did an online quiz” not being adequate, and an inadequate explanation resulting in its forfeiture if not more serious legal hassles. With a large pile of gold and no good explanation, you may be reduced to smurfing small pieces of it to different dealers, moving around a lot and avoiding the attention that such a pile would inevitably draw.