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What Do You Do With Large Amounts Of Money? (lemm.ee)

submitted 1 year ago by Rocky60@lemm.ee to c/asklemmy@lemmy.ml

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Suppose you win 100 million. What do you actually do with it? Banks only guarantee 250,000. Do you have to invest it? Is there anywhere you can just let it sit and draw interest?

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[–] Bluehood380@lemmy.world -1 points 1 year ago (1 children)

Can you invest with gold to guarantee it? If so then that.

[–] pjhenry1216@kbin.social 2 points 1 year ago

Gold isn't guaranteed to outpace inflation. It usually does, but not always. Moreover, over periods of time, it's a poor investment compared to riskier assets such as stocks. Investing in the gold market (mining, etc) can be a little better, but nothing is guaranteed about gold. It's not difficult to beat gold as an investment.