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A Little Genie Gave You a Choice? Which Would it be......... email this discussion to a friend?

myLot reputation of 85/100. artistry (458)   ranked 3,673 out of 37,951 in life1 month ago

Take your pick, excluding good health, which we all want, which would you choose if a genie gave you a choice.....one million dollars cash, one million in diamonds, or one million in gold bullion?? Why would that be your choice?

 
 
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radiance27 (526) response was accepted on 10/18/2009.
denotes best response.
tags:  choice, genie, cash, diamonds, gold
 
1. myLot reputation of 65/100. radiance27 (526)   ranked 10,193 out of 37,951 in life   1 month ago

A million in glod bullion. If you mean a million pices of diamonds and gold, I would go for gold. If I am going to sell he gold, the price is a couple of times more than the million dollar cash. It would be like owning a gold mine.


myLot reputation of 85/100. artistry (458)   ranked 3,673 out of 37,951 in life  1 month ago

.....Hi radiance27, Thanks for your response. It's interesting that your name is radiance:o). Yes, the value of the diamonds would be a million dollars as well.
I do think your choice is the wiser one, based on investment value. The dollar has fallen so much, its future value is suspect. The diamonds would probably be worth more than the cash, but I think the gold would be the best bet to hold its value, looking at current market conditions. Take care. thumbup

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2. myLot reputation of 94/100. EARLZHAN (339)   ranked 2,344 out of 37,951 in life   1 month ago

I would go for the gold and diamonds I'm gonna sell it to get more cash. I think if I sell the diamonds or the golds I will get more than 1 million dollars. Bu if in that time I really need a money I would go for the 1 million dollars since it's really hard to find a trusted buyers for gold and diamonds.


myLot reputation of 85/100. artistry (458)   ranked 3,673 out of 37,951 in life  1 month ago

...Hi EARLZHAN, Thank you for your response. I was thinking about that part of the situation when I was writing the question. If you needed cash at the moment, the gold or the diamonds would not do the trick. You would definitely have to find a buyer, for either the gold or diamonds. So your agenda would be a consideration.
Take it easy. happy

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3. myLot reputation of 91/100. happy6162 (1945)   ranked 7,941 out of 37,951 in life   1 month ago

As I could use the million dollars and invest some to make more I might take it. But if I had a buyer for the gold or diamonds and I was getting more than a million I would then take one of them. No matters which one I took I would have to pay taxes and would not get the full amount anyway.


myLot reputation of 85/100. artistry (458)   ranked 3,673 out of 37,951 in life  1 month ago

....Hi happy, You have to decide between the three, without knowing if you have
a buyer for the gold or diamonds. So it has to be one or the other, if you hold on to the gold until it appreciates, your taxes can be paid out of the increase in your investment. Gold was worth about $1,000 an ounce a week or so ago. Would be nice to have the choice though. thumbup

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4. myLot reputation of 98/100. moneymakingtoday (1570)   ranked 2,563 out of 37,951 in life   1 month ago

did u mean the price is equivalent whether it be in cash, diamonds, or gold bullion? i am comprehending it that way. if my thinking is correct, i would surely opt for the million dollars in cash. i wouldn't have difficulty exchanging the diamonds or gold bullion into cash anymore. also, diamonds and gold bullion "attract" more attention and it would be scary to carry them around to sell it or i would surely find a buyer for them. i would go safe with my choice in cash ... it is the one which everyone has and surely would not catch much attention.


myLot reputation of 98/100. moneymakingtoday (1570)   ranked 2,563 out of 37,951 in life  1 month ago

i mean to say: i would have difficulty exchanging the diamonds and gold bullion into cash.... (see 4th sentence). on the 5th sentence: it should be .... i would surely have difficulty finding (not surely find). my apologies.


myLot reputation of 85/100. artistry (458)   ranked 3,673 out of 37,951 in life  1 month ago

...Hi moneymakingtoday, Thanks for your reply. When I read your response, I knew what you meant to say, I take your point. The time lost also, in finding someone to buy either the gold or the diamonds is time wasted. Then you have to negotiate a price. So, with cash in hand, you are ready at that moment to make a transaction, for whatever it is you want to do with the money. Good reasoning. Take care thumbup

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5. myLot reputation of 95/100. coolcat123 (3401)   ranked 1,135 out of 37,951 in life   4 weeks ago

first of all I would want the genie to extend my choices or increase my choices. then I would tell him to give me the whole happiness.As I know that money does not bring all happiness while a poor sleeps without tension compared to rich.
So, i want to be in the middle and enjoy the life at its peak.


myLot reputation of 85/100. artistry (458)   ranked 3,673 out of 37,951 in life  4 weeks ago

....Hi there coolcat123, Well looks like you want the best of it all and why not. we only go around once, so why not reach for the moon, not only the stars. I have always said that I did not want to be rich, just well off. Although money does not buy happiness, it can help you with a little bit of contentment, knowing you can pay your bills. happy Take care.

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