Which payoff would you take, gold bullion or $4M cash?

Reply #25

savagegoose — Tue, 06 Mar 2012 21:12:05 GMT

wonder what has the better tax avantage gold or cash

Reply #24

time*treat — Tue, 06 Mar 2012 19:49:08 GMT

Fire hazard storage fees.

Reply #23

Lucky SOB — Sun, 04 Mar 2012 00:24:04 GMT

why stop at gold they should payout in oil

Reply #22

mcginnin56 — Sat, 03 Mar 2012 23:46:12 GMT

Very nice!!! They say a picture is worth a thosand words.......maybe in this case 4,000,000 words.

Reply #21

LottoGuyBC — Sat, 03 Mar 2012 19:39:39 GMT

Reply #20

jones69 — Sat, 03 Mar 2012 18:21:14 GMT

Even I see gold as preserver of purchase power, transporting it out of USA would be safety risk.

I would transfer the cash first to overseas bank and then to buy gold with 1/3 of the pot.

I want to choose bullion size or coin of my preference, plus store it where I want.

Having physical gold, holding it is the way to go. Alternative is bullionvault.

PS. Quite a few have chosen gold. Is gold going to peak now ;) buah hah. So many stores buying gold in every interstate road.

Reply #19

CDanaT — Wed, 29 Feb 2012 14:50:43 GMT

Can't I have both ???????.........okay, okay....take the cash, then buy some gold and silver

Reply #18

sully16 — Wed, 29 Feb 2012 14:43:45 GMT

Good point gasmeterguy, and we all need to MAKE A STAND

Reply #17

time*treat — Wed, 29 Feb 2012 13:58:25 GMT

Making things ill-eagle often drives up price and/or demand.

Reply #16

savagegoose — Wed, 29 Feb 2012 13:36:48 GMT

http://www.zerohedge.com/news/chatham-house-gold-standard-impractical-gold-hedge-against-declining-values-key-fiat-currencies

valid reason to take the gold

Reply #15

Boney526 — Wed, 29 Feb 2012 06:59:58 GMT

Gold.

Reply #14

ShotokanWizard — Wed, 29 Feb 2012 06:34:39 GMT

I would take the gold bullion only if they threw in an armored truck to transport it around. Otherwise I would take the cash and buy guns and maybe a small tank.

Reply #13

savagegoose — Wed, 29 Feb 2012 06:26:47 GMT

actually illegal gold sold for more than face value, i think the 1 oz was $20 face, gold was $35/ oz officialy and sold on the street for $40 per oz

Reply #12

GASMETERGUY — Wed, 29 Feb 2012 06:10:42 GMT

I would take the cash and buy land and gold. Of course, if the polls indicate that a Republican will win the White House, then I would sell the gold. The price will surely drop after the election. Land may decrease in value but when push comes to shove, you will need a place to stand. About 500 acres ought to be enough to stand on.

Reply #11

Coin Toss — Wed, 29 Feb 2012 06:02:43 GMT

Something else to consider, I think America once made it illegal to own gold.

What if you opted for gold and that happened again?

A fence isn't exactly going to offer you fair value and if it's illegal to own it, then what

Reply #10

savagegoose — Wed, 29 Feb 2012 02:13:45 GMT

i guess it depends on the taxes and capital gains.

with the money printing and ever increasing US debt, meaning debt ceioling is going up ever 6 months, i dont see the price of gold bottoming anytime sooon, not until there is a credible plan to balance a budg...

anyhow enough silly talk , GOLD

Reply #9

sully16 — Wed, 29 Feb 2012 01:06:17 GMT

Cash for me.

Reply #8

James1 — Wed, 29 Feb 2012 00:54:29 GMT

I would take the cash and invest in real estate. I dont find it wise to take the gold at this all time high. In fact I had a bunch of gold bullion I inherited from my grandfather (he purchased for like $30 an ounce) that I sold last year for $1,700+/ounce and used the funds to buy a rental property.

Reply #7

Bigheadnick — Wed, 29 Feb 2012 00:21:13 GMT

I agree, real estate is a great investment right now. It's only a matter of time before it rises again. Barrang an option to get the prize as part gold part cash. I take the gold, sell half and invest half of that into real estate and the other half would be my spending money.

Reply #6

haymaker — Wed, 29 Feb 2012 00:12:52 GMT

gold was around record highs back in the late 70s, but i think it was caused by skyrocketing interest rates,

morgatages 19% , car loans 12%, look at the rates we have now,i think gold is nearly peaked out,

unless we have some catastrophe.i'd take the cash and put quite a bit in real estate,its not going to stay down forever.

land,rental properties, REITS etc.

Reply #5

garyo1954 — Wed, 29 Feb 2012 00:12:02 GMT

I would check to see if as a winner I was expected to take possession of the gold before deciding. Be wise to have it as a investment, just not in your possession.

Reply #4

Coin Toss — Wed, 29 Feb 2012 00:06:32 GMT

People who win prizes on game shows, cars, vacations, furniture, etc...are taxed on the value of those prizes.

So if you went for $4M in gold bullion, what would the tax on it be and how would you pay it? (Other than selling a bunch of it off to pay the taxes, which seems a little silly).

Reply #3

Bigheadnick — Tue, 28 Feb 2012 23:43:28 GMT

Well, with a war in Iran and or N.Korea almost immenant, I think gold is the choice. Gold is always high in war time.

Reply #2

rdgrnr — Tue, 28 Feb 2012 23:38:19 GMT

I'd take the cash cuz I'd get rid of a lot of it on real estate (farmland) right away.

And beefing up the bunkers of course.

Reply #1

mcginnin56 — Tue, 28 Feb 2012 23:36:07 GMT

Yeah Gold has been on the increase for years, peaking last year, and since then dropping a $100 or more a troy ounce.

I would be nervous about Gold dipping south again, and would definitely opt for good ol' cold, hard cash.

Which payoff would you take, gold bullion or $4M cash?

Coin Toss — Tue, 28 Feb 2012 23:06:21 GMT

Illinois has a new $20 scratcher (there's an image in Instant Games).

Here's the top prizes:

5 PRIZES OF $4,000,000 PAID IN GOLD BULLION OR CASH!

Which would you take?

I'm wondering how the taxes would work if you opted for the gold.

The gold would be a gamble as it could go up or down.

I'm thinking taking the cash and buying some gold would be a good move.

What do you say