this post was submitted on 25 Dec 2025
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No Stupid Questions

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How liquid is gold in terms of turnaround if you randomly cash it it (where?)?

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[–] IWW4@lemmy.zip 5 points 2 days ago* (last edited 2 days ago) (1 children)

The challenge with gold is physical security.

It is wiser than using a run of the mill bank savings account? Not in the US.

[–] LifeInMultipleChoice@lemmy.world 3 points 2 days ago (2 children)

Can you help me move this 812kg if gold to my new safe please?

[–] exasperation@lemmy.dbzer0.com 3 points 2 days ago

Spot prices for gold right now are about $145k per kg, so we're talking over $110 million worth of gold. If you have that kind of wealth, you have people who work for you and will do the job, for money.

[–] Aeao@lemmy.world 3 points 1 day ago (1 children)

Yes I’m down. Is it cool if I wear my mask and not tell you my name? You can’t trust me.

Of course man, I understand people wanting to make sure they don't catch that covid-25