How much gold would you buy if you won $87 million clear?

gecko109

Do you think 15% is too much? Thats about 10,000 ounces or so. Thats a solid cube of gold just under a foot on each side.

Justacommeman

15% sounds perfect. Please post a pic if you win. I would love to see it!

renman95

$80,000,000. I can live off of 7 mil.

gsa1fan

$32 million worth. 50 Red Monster box's. If I did my math correct.

I'm 48 years old I'd have 55 million left. Heck better buy 500 green monster box's for speculation.

I'd have roughly 50 million left, I believe I could live off that!


Party like a rock star!

Justacommeman

Don't forget about Spam for the pantry.....MJ

bestmr

I agree with GSA. 50 boxes sounds like the right amount. Although with that much gold, I'll admit I'd have to fight off the urge to swim in it like Scrooge McDuck. lol

BBQnBLUES

Well, I's buy something "Practical" like:



but also get one of them Fuzzy seat covers cause that baby would be COLD to sit on !

SportsModerator

The Open Forum Refuge has a pool going just for the tonight's powerball $132.4 cash val. I believe that it's closed now, but there's a pic of my future wife (once I get rid of the current one......I know, expensive!). I intend to invest wisely should we win.

gecko109

<< <i>The Open Forum Refuge has a pool going just for the tonight's powerball $132.4 cash val. I believe that it's closed now, but there's a pic of my future wife (once I get rid of the current one......I know, expensive!). I intend to invest wisely should we win. >>




Who are you over there?

gsa1fan

<< <i>

<< <i>The Open Forum Refuge has a pool going just for the tonight's powerball $132.4 cash val. I believe that it's closed now, but there's a pic of my future wife (once I get rid of the current one......I know, expensive!). I intend to invest wisely should we win. >>




Who are you over there? >>

OPA

I've always wanted to own one of those 400 oz bars ... paint it copper & use it as a door stop.

Meltdown

<< <i>

<< <i>

<< <i>The Open Forum Refuge has a pool going just for the tonight's powerball $132.4 cash val. I believe that it's closed now, but there's a pic of my future wife (once I get rid of the current one......I know, expensive!). I intend to invest wisely should we win. >>




Who are you over there? >>



>>



He's the sadistic (P)rick.

timcoin

2% at the most. The way I figure it, if you were to start a charitable trust with a majority of the money, and invest in tax-free muni-bonds, triple A rated, and spread the money around, the interest alone could help tons and tons of people for a long, long time, and you wouldn't get creamed with the death/estate tax. I'm content with what I have now, so add a couple hundred thousand a year in interest payments from some tax-free bonds, and I'd be happy as a lark.

BBN

Maybe $10 million.

- put $100k in money markets for each of my three daughters for college

- give them each $1 mil in a trust fund that they can access at age 40. I figure by then they are set in their ways either as responsible with money and can use it wisely or irresponsible and will be free to whiz it away

- Move to somewhere in eastern Texas.

- Find a good job I enjoy that would have me home on weekends and most days by 5pm. With the money I already have money would be no object. I've never had an 8-4/9-5 mon-fri job. Would love to experience it.

- Take frequent vacations to Hawaii and the Caribbean (as my job will allow)

- Besides that, would live modestly on the rest with most kept in various money market accts. An extravagant home and fancy cars wouldn't be important to me. I'm not a car person.

57loaded

i'd get it in coin/bullion though and i'd go 30%

but it still wouldn't buy love, joy, peace, patience, kindness, goodness, faithfulness, gentleness and self-control.

i'd wind up in the fires of hell if i ever won the lottery or any big prize, so gecko, it's all yours (and i do play on occasion, CA only)

mhammerman

Hummmmm...should be enough money. I'd buy a piece of land. It would have a nice lake with a stream and good fences and an ag exemption and good views with a some mature trees and some wildlife and a cute little gold mine that puts out about 20 oz a month, yeah, that's the ticket. The rest of the money I would give to my wife to enjoy as she pleases.

BBN

<< <i>i'd get it in coin/bullion though and i'd go 30%

but it still wouldn't buy love, joy, peace, patience, kindness, goodness, faithfulness, gentleness and self-control.

>>



Ecclesiates chapter 2 agrees.

curly

Since I'm a low maintenance curly, I'd shove a couple million in my pocket and buy bullion and high end gold with the rest.

johnny9434

<< <i>Well, I's buy something "Practical" like:



but also get one of them Fuzzy seat covers cause that baby would be COLD to sit on ! >>



It's great to be king, lmao coooooooool

InYHWHWeTrust

<< <i>i'd get it in coin/bullion though and i'd go 30%

but it still wouldn't buy love, joy, peace, patience, kindness, goodness, faithfulness, gentleness and self-control.

..... >>



Sobering, excellent observation.

MsMorrisine

darn.


no one voted for "becoming a prospector." (potentially cheaper to mine it)



I think I would find a way to set up as a bullion broker/dealer then start slowly averaging in to maybe 10% - 15%

TwoSides2aCoin

Not one ounce, though I do have friends who could have had several ounces by now, had they not purchased tickets on games of chance over the years. Where else could we win 87 million $s, other than in some scam email from Nigeria ?

The art of thrift is still an art.

Mission16

25% split between gold, silver and platinum. Oh, and I would buy the first Strawberry Cent that became available. I would the spend up to $1,000,000 on advertising for other as yet unknown examples of this coin. If this fails to shake out an uncirculated example, I will then simply retire and learn to play the banjo.

BBN

<< <i>Not one ounce, though I do have friends who could have had several ounces by now, had they not purchased tickets on games of chance over the years. Where else could we win 87 million $s, other than in some scam email from Nigeria ?

The art of thrift is still an art. >>




I was in a convenience store line behind a lady who looked haggered and was wearing old clothes. She bought a pack of brand smokes and $9 in lottery tickets. The lady paying said to the cashier "this is my routine. Everyday my husband sends me here for $9 in lottery tickets and a pack of cigarettes". Name brand smokes in IL run around $5-6/pack now. My math has them down for spending about $425-450/mo on waste. Such foolishness.

7over8

$80 mm and someone on here is talking about a 9-5 job? Are you kidding!!!! Not me.

Pi&& away $250k per year for the next 50 yrs and thats only $12.5mm.......!!!!! That would be a damn good life for the next 50 (thats if I could make it another 50)

ocon4008

$ 85,00,000.00 in circulated dirty gold coins. I would buy a million dollar touring bus and see the country. Then just sell a coin when I need gas, beer or food.

The last million I would buy OFR from coincopwife so I could ban your churlish, surly and feckless attitudes from there! IHYDIAF, you waste product!

DoubleEagle59

I would invest at least 50% in Gold.

tydye

About the same percentage I have now about 20%. The one thing I would increase as a percentage would be real estate - especially land. A nice plot for each of my kids. Would probably spend quite bit in the classic car market. GT40, AC Cobra to name a few. GO at the Overton set with a vengence. A nice chunk would also go to my town for civic projects and charity.

morgansforever

With 87 million I would buy 10 million worth of gold, 2 million in my pocket, and the rest on R&D for alternatives to fuel burning cars.
The technology is out there, steam combustion engines are a reality, lets bring them to the surface. If every fuel burning car was eliminated, this would equal to less oil rigs, less consumption, and less disasters. Maybe we could prevent disasters like the BP catastrophe, if we just changed our thinking, you don't need a SUV to drag your ass to the supermarket. This Pelican doesn't deserve this, flame away. No environment, no life, no need for a TPG.

500Bay

<< <i>Oh, and I would buy the first Strawberry Cent that became available. >>



There has been a PCGS G-4 on e-bay for a while:

Strawberry cent

morgansforever

<<There has been a PCGS G-4 on e-bay for a while>>

Sorry, but that is one butt ugly cent, rarity or not, I couldn't see spending nearly 400k on that.
Edit: I remember someone speaking about that coin, like a year ago.

fishcooker

$20 million sounds about right. Make it enough to matter.

MoneyLA

More importantly, how much of that would you need to live a comfortable dream life? keep that amount of money in insured bank accounts an do whatever you want with the rest.

If you feel you will live well on five million -- then you have 82 million for your gold.

if you feel you will need 85 million to live well, then only 2 million is left for gold.

remember that 90% of people who get a windfall lose it all within three years.

carew4me

no ones buying any land?

CaptHenway

<< <i>Do you think 15% is too much? Thats about 10,000 ounces or so. Thats a solid cube of gold just under a foot on each side. >>



So, did you win???