Green’s Dictionary of Slang

cake n.2

[ext. of bread n.1 (2)]

1. (Aus.) a gold nugget.

[Aus]Bendigo Advertiser (Vic.) 25 nov. 3/2: There will be exhibited at the Criterion Hotel, two cakes of gold, [...] the one weighing 1389 ounces, the other 1504 ounces.
[Aus]Bendigo Advertiser (Vic.) 19 Jan. 2/4: The Nelson's Reef Company have had a first-rate crushing of 20 tons of stone which has yielded a cake of 1,000 ounces.
[Aus]Leader (Melbourne) 26 Nov. 21/3: A magnificent cake of gold of about £2000 in value, was retorted at Rowe and party’s claim.
[Aus]Queenslander (Brisbane) 17 Jan. 83/3: The two cakes of gold, which in the aggregate weighed 411¾ oz., valued at £1647, were brought up the other day and lodged at the bank.
[Aus]Mt. Alexander Mail Vic.) 19 Sept. 2/4: A cake of gold, weighing 115 oz, was obtained . from a crushing of 13 tons, taken [...] from a hole in Mr W. Kent's paddock.
[Aus]Lithgow Mercury (NSW) 2 July 3/2: A cake of gold weighing 111 oz. was brought into town to-day.
[Aus]Nat. Advocate (Bathurst, NSW) 23 Dec. 1/3: Yesterday, a nice Christmas cake, in the shape of a large mugget of gold, was brought to the local police station from Stuart Town [...] The result of their labors is the cake of gold in question.
[Aus]Eve. News (Sydney) 31 Jan. 4/7: The slug was found to weigh 142.72 ozs and after smelting, a cake of gold weighing 115.4 oz was obtained.
[Aus]Dly Advertiser (Wagga Wagga, NSW) 6 Aug. 2/2: Few people have seen a nugget of gold weighing more' than 100 oz., but there was one in Gundagai recently [...] The gold was retorted down, and made a nice little cake.
[Aus]Baker Popular Dict. Aus. Sl.

2. (US black, also cakes) money.

[UK]J. Colebrook Cross of Lassitude 39: We gonna get us some ‘cakes’.
[US]H.E. Roberts Third Ear n.p.: cake n. money.
[US]B. Rodgers Queens’ Vernacular 137: Money in general: cakes (’70: in the cakes = rolling in money; low in the cakes = without).
[US]T.M. Kochman ‘The Kinetic Element in Black Idiom’ in Kochman Rappin’ and Stylin’ Out 162: Money is conceived of as an edible: ‘bread,’ but also ‘cakes’.
[US]V.E. Smith Jones Men 157: He might make a helluva lot of cake [...] but he’s gotta lot of cake eaters too.
[US]A.K. Shulman On the Stroll 42: I’d see to it you had your heart’s desire, long as I had the cake to buy it with.
[US]Shaquille O’Neal ‘Legal Money’ [lyrics] Stackin’ the cake makes rainy days sunny.
[UK]K. Sampson Outlaws (ms.) 97: It’s spivs of the world unite and split the cake up with them fellas.
[US]‘Dutch’ ? (Pronounced Que) [ebook] Nigguhs up top sayin’ y’all turnin’ VA into the Wild West and makin’ it hard to get cake.
Grizzy ‘Look Like You’ [lyrics] Head in the bando we make mulla cake.

In phrases

cake up (v.)

(US black) to make money; thus caked up, in funds.

Celly Cel ‘What U Niggaz Thought’ [lyrics] I got these Betty Crocker-ass niggas cakin up.
Mos Def ‘Mr Nigga’ [lyrics] You see a lot of brothers caked up, yo, straight up.
[US]50 Cent ‘I Get Money’ [lyrics] I told you I was gonna cake up, I did it.
Prophet Stacks 17$tack$ 32: We splured. I was caked up, they were caked up, naw mean.