I’m wondering if I’m basically done for good with this site... like, is this my permanent exit? You have received an infraction at Reddit Dear velvetfalcon44,
You have received an infraction at Reddit.
Reason: Every single post in the finance section—and honestly, pretty much everywhere else—is just trolling, picking fights, and being combative. Despite multiple warnings, you keep pushing it, talking back to the moderation team, and getting personal with insults. -------
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Quote: Quote: nightmusic says: Check out this post Alright, I’ll drift off-topic for a second, but here goes nothing... I hang out in this sub daily, and ever since Tony took over as moderator, the quality here has honestly doubled. It’s not even an exaggeration—the constant insults flying around threads used to be a regular thing, but now they've mostly stopped. Sometimes you just want to unwind, and other times you're actually trying to read up on real estate stuff. I can get why people veer off-topic sometimes, but I remember when you could scroll through pages of discussions that were just mindless noise and insults, maybe masquerading as "casual banter." Sorry for the tangent, but I really felt like it was high time to give the mod some credit. The guy is a total pain in the ass, though... seriously. That’s why I’ve decided to just bail on this whole site (as long as they don't go and ban me permanently), especially since the platform itself has become incredibly boring lately... If he represents the Midwest, then screw the Midwest. I just hope he isn't based in New York City.. All the best, Reddit
So, gas and oil prices have spiked—which basically means even though Russia is selling their stuff at a discount, they’re still pulling in just as much cash as they used to. The only ones actually feeling the squeeze are regular folks in the EU and the USA... Honestly, if you ask me, this whole thing feels orchestrated just to screw over the working class. I couldn't care less about these wars, really. And then you've got this massive wave of millions of "refugees" being funneled into the EU and the USA—someone has to foot that bill, and guess who it’s going to be? The locals. It’s all rigged from the jump... It’s the same old story where those who actually have money end up paying for those who don't. It reminds me of how things worked back in the old days in America—they’d just nationalize any extra housing and hand it out to some poor soul living in the middle of nowhere.
Honestly, this did way more damage than any actual usage ever could. At least in my neck of the woods... I mean, seriously, what kind of idiot tries to ban a Mass for those killed by such a criminal ideology?
Mark Sullivan62 said:It’s just a damn shame that their 74% surge in purchasing power didn't actually translate into a matching spike in prices, you know? 😁
Maybe all that stolen gold is being funneled straight into Afghanistan, Iraq, Libya—basically everywhere else they go to "spread democracy."
Michael Morgan5 said:So, what was it that you weren't keeping in your JPMorgan Chase account? Since when did you decide to switch up your strategy?
I’m done holding it—honestly, I’m just over paying those fees. I’ve been sitting on gold for four years now, and besides, I don't think they even offer those small private safes anymore. Since my business isn't tied down here in the States, if things ever go sideways with a legal judgment or an attachment, they could just freeze my account—and I'm pretty sure that would lock up the safe too, since everything is linked through the system. I'm not about to let my assets be totally exposed to the system like that.
If my memory serves me right, bank vaults aren't even insured for anything over $3,000. + there’s also another reason why you might want to steer clear of banks—does anyone actually know how long bankruptcy proceedings drag on here in the States? If I’m not mistaken, by the time you finally reach the end of a legal insolvency process, you’ll be long gone. I’m not saying this is going to happen—especially not with the big players like JPMorgan Chase—but if someone is investing in physical assets, they probably want to be able to sleep at night without worrying about red tape. But hey, don't mind me; I'm a total paranoid at heart, and half the time my worst-case scenarios never even materialize anyway..
Michelle Gonzalez11 said:Ljakse, take a breath. If you're just looking for a fight or a chance to lecture someone, you've picked the wrong target. I read quite a bit about precious metals and trading, and since I came here for advice from people with actual experience—rather than listening to a self-important, "know-it-all" North American type like you—I'll put it politely: Go touch some grass. To everyone else who is actually sane, please, I'd appreciate some advice. DMs are open.
Thanks in advance.
Moro, if you're looking for them in NYC, they're over at the Empire State Building on the 11th floor—you just gotta navigate those elevators. You enter through the underground passage, then take the lift, turn right, and head down the side street. If you're buying up to $10,000 worth, just go through moro.com and pick it up at their Manhattan office—you can pay cash there (or via wire transfer). You could also swing by their Chicago location. For anything over $10k, you'll need to do a bank transfer. If you're using USD, just stick to moro.com. Up to $25000 you can just pay cash on the spot.
Susan Hernandez82 said:Honestly, I can't decide between physical bullion or paper assets. My plan is just to flip it in a few months if I see a 10%-15% jump. I'm not sure if buying investment gold for such a short window even makes sense. What are the overhead costs? Are there hidden fees?
ico1, I didn't follow your point about brokers. Why wouldn't I be able to withdraw my cash after selling?
If you're looking to flip it in just a couple of months, you're better off going through Plus500. But honestly, don't go straight to them—they have an Admiral Markets representative right here in the States. You can just sign up online. Just to be clear, I don't have any skin in the game with them and I'm not vouching for them or anything, but Admiral Markets shouldn't give you trouble paying out if you actually turn a profit. With Plus500, I'm a bit more skeptical because I've heard people having some rough experiences. There's also the option of opening an account with Interactive Brokers, though they usually want a massive deposit—like $10,000—and they don't offer much leverage. Plus, the onboarding process is a total headache compared to Admiral Markets, which I think is way smoother. I opened an account there ages ago just to test the waters, but I never actually pulled the trigger on a trade.
Now, if you go the route of buying physical gold, you're obviously going to get hit with a commission, usually around 3.5% of the price.
When you're holding an open position, your main expense is the swap fee. Basically, every night while your position is live, they deduct a specific amount—you'll see it listed in MetaTrader when you click on the pair you're trading, whether you're using the app or their web platform.
Your best bet is to check in with Admiral Markets and see what works for you. But look, if you aren't familiar with how MetaTrader and all this stuff actually functions, you definitely need to do your homework first. And hey, if you're planning on moving serious money, physical gold is probably the safer play—nothing beats having the actual thing in your hands.
With the S&P 500, you’re basically just jumping into MetaTrader and hitting either buy or sell—it all really just boils down to where you think the market is heading. Just keep an eye on those overnight interest charges, though. If you’ve got a position sitting open and the swap is negative, those fees just keep stacking up on you if you leave it running for months on end. The whole point of leverage is that you don't actually need a massive pile of cash to get started. For instance, if you've got $33, and you're playing with 100x leverage, suddenly you're working with $3333. The real headache with these brokers, honestly? It’s whether or not they’ll actually let you withdraw your money once you've actually managed to turn a profit and close out your position.
Mark Sullivan62 said:Look, I’ve got basically nothing invested in gold right now, maybe just a single ounce tucked away somewhere. But honestly, I’m ready to pull the trigger in the next few days and pick up another three or four ounces. That would put me looking at several thousand dollars, so believe me, I'm not exactly indifferent about whether I'm buying at $2,500 or, I don't know, maybe $2,000 if things take a sudden turn I haven't seen coming—and let's face it, I probably haven't seen it because I don't track this stuff religiously, which is why I'm asking.
I just don't want to be caught off guard if they suddenly strike a massive new vein somewhere in the middle of nowhere, like deep in the Nevada desert or something, and the price craters instantly because the supply just spiked.
Look, I highly doubt they're gonna stumble upon some massive motherlode. They've pretty much picked the bones clean everywhere they've dug. Sure, there might be smaller deposits scattered around, but once you factor in the cost of moving tons of dirt, fuel, heavy machinery, labor, and all those permits... I seriously doubt anyone could turn a profit selling at low prices. That said, if you're planning on dumping a huge chunk of cash into this and you're going to be totally dependent on it for the next 5 to 10 years, then don't do it—though personally, I don't think you'd lose a dime. As for me, I've got plenty loaded up in gold, so I don't stress over it or stare at charts—maybe once a year tops. Plus, I’ve got enough cash on the side and rental properties coming in to cover my lifestyle, so I never have to touch my gold.
Look, if you’re already second-guessing whether you’ll even have some extra cash tucked away for life's little curveballs, then how can you seriously talk about long-term saving? It doesn't add up. And honestly—how much do you actually have sitting in gold right now to be stressing this much about buying more? And don't just give me some vague "a few thousand bucks" answer either.
Michael Morgan5 said:Unfortunately, they're only taking USD for cash transactions. Dammit... looks like I’m going to have to put myself out there 😠
Look, I buy stuff down by the coast all the time, and honestly? It sounds like those guys from your neck of the woods totally played you.
You could try selling through a branch of Raiffeisen Bank in Canada for Euros, but you'd actually have to trek over there if you want physical cash in hand—and even then, they cap you at $5,000 a day. But hey, if you bring the wife, the kids, or even your mother-in-law along...😁 then maybe those folks in Ljubljana can just set up individual accounts for everyone so you can bypass the big banks entirely. Or, you know, just make two trips with the wife to Canada.
As for the limits, I heard they might lift them here during the summer, but $35000 it’ll probably just be like everywhere else with a $5,000 ceiling, which is basically around $11667.
Major props to the guy—and honestly, screw the people all over Facebook acting like they’re better than him. They clearly don't get that by driving their own cars, they’re basically subsidizing an entire auto industry we don't even have here, plus fueling up on oil that lines the pockets of Middle Eastern oil tycoons and those American speculators who were riding camels just yesterday.
So, really, who’s the idiot here? If it were me, I’d at least keep my mouth shut since I drive too, but I certainly wouldn't be out there making fun of the man. Cars pollute, sure, but they also bankroll this parasitic government system—with its massive 100% markups on gas and registration, supporting foreign car manufacturers, and feeding the coffers of oil-rich nations and American speculators. And yet, somehow, these people think they have the moral high ground to lecture anyone else..
I’ve had zero luck trying to find a place near the coast myself, and honestly, even as an American living right here, it’s been a nightmare. I just don't get why people hand everything over to agencies when those same agents end up listing properties on Craigslist anyway. Like, seriously? They could have just posted it themselves and dealt with buyers directly—they probably would've closed the deal way sooner if they hadn't played those games. Most of these agents are just shady operators looking for a quick buck. It’s always the same story—"hang on a second, let me check the paperwork," "let me verify the deed or the county records," "is this place actually legal or was it built without a permit?" It's a total mess of figuring out what's legit and what's just some illegal construction that somehow got grandfathered in. Some of these sites even claim that just showing you a property counts as them "connecting" you with a buyer?? And then, boom, they try to hit you with a 3% commission fee. I've even had guys asking for my Social Security number, full name, and home address before they'd even give me a basic parcel number—yeah, right... no way in hell.
To be real with you, selling stuff is going to be way harder than people think. Sure, you find some decent agencies, but most coastal properties have these hidden disasters that only surface months after you move in... plus, they are almost always massively overpriced, so you end up having to dump a ton of cash into them just to make them livable.
It’s always better to deal with a real person directly rather than through an agency, so I really don't see the point in using them—I know I wouldn't. I mean, maybe the high-end ones with all the connections, but the ones just dumping ads online? You can do that yourself. It's not like sellers are too busy to answer a few questions... unless, of course, they're hiding something. Basically, America is still dealing with this same old mindset: sitting around waiting for some rich guy with a suitcase full of cash to show up, while meanwhile you're stuck babysitting an overpriced house that won't sell. I finally gave up on looking because there is absolutely zero value for the money. Anything that actually looked good was gone before I could even blink. You really have to watch your back because the local land records are a disaster and the whole system is basically a circus. Nothing is ever settled. Sometimes you'll find that a public road is literally cutting right through someone's private property according to the maps. The online county maps show land in completely the wrong spot—it’s just a disorganized mess around here, and getting it fixed isn't going to be easy anytime soon... We have hundreds of thousands of unpermitted structures floating around; nobody knows who's responsible for what. We never really had a solid urban planning strategy, so the bureaucracy basically forced people to just build whatever they wanted themselves... it's a total free-for-all down there. If you go out hunting for a place on your own, you're going to get eaten alive. I personally refuse to even go look at a house until I've verified that every single bit of paperwork is crystal clear. And in these coastal areas? That's a rare find.
Germany Gets The ‘ Wrong Suitcase ’ While Repatriating Its Gold Reserves fra US
“Look, there are plenty of red flags suggesting that the gold wasn't actually sitting in those New York City vaults when Germany asked for it back. Sure, the USA started the process of sending it home, but here's the kicker—there's this one weird detail. It's like if you drop your bag off at a coat check; you'd pretty much assume you're getting your own bag back, right? Well, it turns out Germany walked away with the 'wrong suitcase.'
While pulling its gold out of the USA, Germany ended up with bars marked with someone else's tags.
“There are massive indicators that the gold just wasn't physically there in the New York City vaults when Germany made the call to bring it home. Obviously, the USA kicked off the repatriation process, but there’s this one really suspicious little twist. When you leave your luggage in storage, you expect to get your own stuff back. Despite everything, Germany got handed the 'wrong' suitcase.”
So where did the actual gold come from then? Did they just pick it up on the open market? Honestly, I'd go as far as saying it was stolen. (Who stole 143 Tons of Gold from the Libyan People, Ukraine Admits Its Gold is gone, The United States stole Iraqi Gold & Oil, The $1 trillion jackpot)
Look, on one hand, this whole inheritance thing is just plain stupid—once these heirs get their hands on a windfall, they lose all drive to actually do anything with their lives... Honestly, the best move would be to kick them out once they hit 18 and let them figure things out on their own, while the older generation stays focused on liquidating everything until the very end. The way we operate, we’ve basically raised a nation of slackers who have zero clue what to do with inherited real estate because they never worked for it—they never actually developed an entrepreneurial bone in their bodies. The absolute peak of this nonsense is watching people try to flip property to some foreign investor who rolls in with a suitcase full of cash, begging for a deal, only for the owner to demand millions in return. It keeps the whole country stuck in place because everyone is too tied down by these properties they didn't earn. A lot of them end up single or just failing at life because they lack any real ambition—they were handed everything on a silver platter and they're just coasting, so why bother with marriage or building a future? They get way too picky. That inheritance is a blessing and a curse all rolled into one. That's why it's way better to start from nothing and build your own empire if you can—it tastes much sweeter, even if it's a massive uphill battle in this broken-down version of America we live in, though it actually works in more functional countries. You can't exactly marry someone just for their money and expect to walk in with an equal split from day one. If parents aren't willing to help you out while they're still around, then you don't need it after they're gone—or right before they pass—because if they weren't thinking about helping you during their lifetime, they're really just passing the burden onto you later on.
ambertiger57 said:Just wanted to drop a quick heads-up: Allstate is refusing to pay out on my liability claim. So, I had this minor fender bender with a taxi driver—definitely his fault, too. We filled out the standard European accident report right there on the scene. But when I went to Allstate to file? They straight up told me my claim was baseless! 👍 Even though we’re talking about a tiny amount, maybe around $667, they won't budge. They know nobody’s going to waste time suing them over $667. My big tip? If this happens to you, take photos of the crash and the damage to BOTH cars! That way, they can't argue a thing. The other driver can't change their story later either...
Honestly, these guys are just thieves taking advantage of how slow the legal system moves. The government basically lets them get away with it because everything takes forever. I bet even the politicians are getting kickbacks for letting insurance companies screw over regular people! Long live the Republican Party, long live the Democratic Party, and long live the Bridge Party! 😵😵😵
Local cops don't even want to bother filing official reports because they can't be bothered; insurance companies won't recognize hand-written reports and drag their feet on payouts. It's rare for people involved to actually agree on what happened, the courts are incredibly slow and useless, but hey, as long as you keep paying your premiums, right? What's even the point of having insurance... If you don't move your car, the cops will fine you; if you do, they won't bother making a report or finding witnesses for a potential court case. You aren't supposed to have a dashcam, and if you do, you can't even use it as evidence in court. Ideally, the insurance adjuster should show up and photograph everything on-site so there's no lying later, but there's zero requirement for that in the law. The police aren't doing their jobs, insurance isn't doing its job, the courts aren't doing their job, and lawyers are just another elite class designed to pick your pocket. This whole country is a joke—a total playground for scammers... By the way, I'm done with Vienna myself... they started messing with my bonus...
The cops showed up, sure, but they didn't even bother doing a proper scene investigation. And look, I get it—you can get slapped with a fine if you don't clear a drivable car off the road—but that doesn't change the fact that the car has massive damage. Plus, this official report they gave me is a total mess; it clearly shows two people filling out a single copy, yet CO is out here demanding two separate copies like it's some kind of rule. Basically, the police have no clue how to do their jobs when I end up having to do their paperwork for them, and apparently, the standard EU documentation isn't good enough for them... CO is just being incredibly nitpicky over nothing. And honestly, if CO actually wanted to be helpful, they should've offered me a rental or at least a ride. It’s not like I decided to lose my property by choice—their policyholder is the one who trashed my car. My work is piling up, my time is being wasted, and frankly, nobody seems to give a damn. I'll say it again: if companies like CO or Euroherc are still charging those ridiculous premiums, just dump them. Seriously. They’ve been padding their pockets for years off those high rates.
