I like the way you are way overthinking this like a true adult who knows how the world works. But hey it’s just a silly meme with an ridiculous “what if” question, so let’s assume there are no strings attached, no stipulations, this is not taxable and you don’t have to report it to the IRS. Now you can let your imagination run wild, Which would you choose? Cash? Or gold? I think the question comes down to which equivalent weight of each is worth more than the other.
A lot of this question really hinges around one question. What do I have to tell the government?
Do I get this as a prize? A gift? An inheritance? Income? Magical Genie appearance? Do I have to launder it? Am I going to get audited?
It’s a lot harder to explain bundles of cash. Remove any identifying marking on the gold and claim it as marine salvage.
Except I dont own a boat, scuba gear and cant provide a lick of evidence that its marine salvage if even the most basic question is asked.
Its a lot easier to gradually introduce cash into my life without generating a paper trail.
Lol what your local kroger doesnt take gold bullion for milk.
I like the way you are way overthinking this like a true adult who knows how the world works. But hey it’s just a silly meme with an ridiculous “what if” question, so let’s assume there are no strings attached, no stipulations, this is not taxable and you don’t have to report it to the IRS. Now you can let your imagination run wild, Which would you choose? Cash? Or gold? I think the question comes down to which equivalent weight of each is worth more than the other.