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naraburns  nihil supernum  1yr ago (text post)   4046 thread views

Small-Scale Question Sunday for March 26, 2023

Do you have a dumb question that you're kind of embarrassed to ask in the main thread? Is there something you're just not sure about?

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government IOU

Bonds? That's assuming the government won't become insolvent along with the banks. But if that does happen, your dollars will probably be worthless anyway, no matter their format.

Alternatively, $50 million is right around the price of a tonne of gold.

See my answer below. The gist of my question is basically- is it possible for an individual to actually turn his $50m bank deposit into $50m worth of 100 dollar bills to keep in a vault at his house (or under his mattress or whatever), and how would it logistically work if someone wanted to do that

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