Oh for sure. Keep working, throw it in a low-risk low-yield index and use the interest to supplement your income. A modest 5% return gives you an extra 25k a year.
But as others have pointed out, the real problem comes from the awkward questions that come from trying to convert the gold into cash.
At current exchange rates, 50oz of gold would sell for $201,050. It would be a good down payment on a starter home, but less than half the total cost of ownership.
She has 5 bars, though, so wouldn’t that be $500,000? Half a million is almost enough for a so called “starter home”
There are places in the world you could live an easy life for quite a long while on US$500,000.
Oh for sure. Keep working, throw it in a low-risk low-yield index and use the interest to supplement your income. A modest 5% return gives you an extra 25k a year.
But as others have pointed out, the real problem comes from the awkward questions that come from trying to convert the gold into cash.
I mean one can always turn to the mafia
That’s your answer to everything!
Need money laundering? Turn to the mafia
Need a business advantage? The mafia
Annoyed by neighbors? Also mafia
Need help with your homework? Mafia
Can’t decide what to wear? Ask the mafia!
They’re just really good at what they do!
At current exchange rates, 50oz of gold would sell for $201,050. It would be a good down payment on a starter home, but less than half the total cost of ownership.