Posts by Michael Morgan5

hollowmoose21 said:Who's trading? 😵 🤣
I mean, he could actually pull it off. Buy some S&P puts and go long on gold on Friday, let a few H-Bombs drop over the weekend, and boom. 😬

You absolute legend! 🤣😁😁👍

With all due respect, I have to point out that these kinds of clips have been cycling through the internet on a monthly basis for years now.

The end is near...vol.74

The law doesn't care if you have a permit or not; it strictly prohibits having a round sitting in the chamber ready to go.

That’s why I’m trying to figure out where things stand when it comes to revolvers.

Hey there.

Can someone who actually knows their stuff clear something up for me? If I have a revolver with a full cylinder, does that count as having a round in the chamber?

Thanks.

William Bennett53 said:You're missing the forest for the trees here. Don't try to drag this off-topic. We have already gone over and over again how differently people treat their conversation partners, specific social groups, and politicians.

Hey... it's me again.
I wasn't really paying attention when you were defining the distinctions between those three groups you mentioned, but looking at your reply to J. Wayne, I got the impression (correct me if I'm wrong) that making fun of politicians is totally fine, whereas mocking other users or certain social groups isn't.
If that’s actually the case, why did I get a warning just for suggesting that Taritaš needs to be gagged, while a whole crowd of commenters on the Kolinda thread get away with being way more disrespectful without any consequences?
If I missed the point, can someone please explain?

I’ve never once complained about getting warnings because, honestly, I earned them by playing by the rules.

The real reason I’ve grown to loathe this forum, though, is the blatant double standard.
If I drop a slur against Middle Eastern immigrants, suddenly I get slapped with 500 points—supposedly for "hate speech," which feels like a massive stretch for what was said. My mistake.
Yet, at the exact same time, people have been using those same insults toward Canadians and Herzegovinians for months without anyone batting an eye. No points, no hate speech claims, nothing. That’s just wrong.
When someone calls the President a flatfish, a slut, or a fat pig... fine. But if someone leaves one comment about Taritaš, they get a warning.
Sure, if it happened once or twice, I could swallow it. Whatever.
But we’ve got the same group of people spewing the same garbage year after year with zero consequences, while I somehow managed to rack up five warnings in just ten posts for much milder stuff.

Look, it’s your forum, your rules.
I respect that.

It doesn't matter if you perma-ban me or whatever; I'm deleting this site from my bookmarks anyway. Consider this my own little way of giving you a warning.

Take care.

Michael Morgan5

Thanks.

After staring at a flatline on the chart for a month, we’re finally seeing some actual upward movement.

About ten days ago, I opened an account over at Charles Schwab to mess around with some digital gold.
The whole capital gains tax situation has me a bit tripped up, though.
Some lady on their chat support told me I just need to report my earnings at the end of the year and settle a 12% tax bill.
Does the IRS look at my total profit, or is it calculated based on every single withdrawal I make?
To put it simply: if I move my initial $10,000 deposit back to my bank account and then keep playing around using only the profits, am I taxed on that original stake?

Michael Morgan5 said:Maybe saying they 'screwed up' was a bit of an overstatement.
Nathan Morris3 already mentioned there was a $15k cash limit, but honestly, we could have negotiated that up to $40k if things had gone differently.
But that ship has sailed now, so whatever.
Right now, I'm trying to get my old man up to speed on the whole situation.
It’s making things a little messy on my end, but it’s definitely better to run this through his account rather than mine.😁
At any rate, I'll be out of this very soon.

Let me correct myself for a second...
You can still buy up to $40k in cash at SMH, but when you're looking to sell, they cap you at $15k.
If you check out https://www.sparkasse.at/steiermaerkische/muenzshop, there aren't any limits on buying or selling, but be warned: the spread is about $15 higher than what you'll find at SMH.

That's the latest intel as of today, and I'm expecting things to tick upward this Monday.
Unless, of course, we don't see some massive, crazy spike.

Melissa Sanchez17 said:Sure, maybe you could grab some oil with that ounce of gold😁

Shelby aside, I don't recall anyone here ever actually claiming they could buy a whole house with a single ounce of gold.

This image pretty much sums up the whole mess. In my book, a merger is the only thing that could save the day—and hey, I might even believe in that one day. Regardless of how much I trust precious metals, I'm basically the kid from that top picture in my own post. 🙂

post imgcertificity.com

Not 🙂
I might have been exaggerating a bit, but I recall seeing some forecasts—I just can't be bothered to dig through the archives right now.
One of the more recent ones suggested that an ounce would eventually buy you way more than just a used car; we're talking a brand-new ride.

Anyway,
when is the bounce coming? This curve has been heading south for way too long.

Anthony Evans78 said:If you actually know how to use Google, try searching for this:
"EROI", "thermodynamics", "entropy"
After digging through enough papers, you'll realize we've already burned through—or are right on the edge of exhausting—the cheap, easy, energy-dense resources.
Our entire way of life is built on that foundation.
No amount of tech is going to save us because there simply isn't an energy SOURCE capable of replacing oil, gas, or coal.
All these hype cycles around fusion or thorium reactors look great on paper, but they’re energetically inefficient, not to mention the massive infrastructure overhaul required just to make them economically viable.
Regarding Musk... if it weren't for government subsidies and constantly sucking capital from investors, he would have gone bust long ago. After all these years, he hasn't even turned a real profit from selling cars or his tech.
This whole 250-degree thing is pure nonsense. Thirty years ago, I was sitting there listening to doomsday prophets claim we'd all be underwater by 2010 due to global warming.
Money isn't the issue; energy is. You can sit on trillions of dollars, but it doesn't matter if the energy system itself is unstable or inefficient.
To maintain our current standard of living, we need an EROI of 30:1—meaning one unit of energy invested yields thirty. We're pushing that limit because fields like Ghawar still offer an EROI higher than that.
Meanwhile, American and Canadian shale sits at a measly 5-10:1. That’s unsustainable for a system where we expect to stroll into Walmart for everything we need, or click a button on Amazon and have stuff magically arrive from China in a week.
Going back to the crashes... history repeats itself this way constantly. Everything looks perfect and prosperous until, suddenly, bam!
Suddenly, everyone who missed the warning signs of a collapse acts shocked—just like in 1929, 1987, or 2006.
Do you really think people in the spring of 1939 saw the war coming just a few months later? Of course not. It's always easier to bury your head in the sand and ignore reality than to pause, think, and see where things are actually headed.
Nobody has a crystal ball to tell you the exact date and time everything falls apart. But the signs are there. And they've never been clearer.
Once the dust settles and Mother Nature puts us back in our place, everyone is going to ask themselves, "How did we miss this?" and "What were we thinking?"

I honestly think this is the fourth time in as many years we’ve found ourselves stuck in this exact same loop of an argument, which leads me to a pretty solid conclusion:

a) oil remains absolutely essential to everything we do
b) you still can't buy a suburban rancher with a single ounce of gold

Everything else is just pure speculation.

Anthony Evans78 said:No, it isn't the beginning.
Do you even get what EROI actually means?
Of course I see it as a peak—there isn't another energy source out there that offers this kind of density and efficiency.
If we could build that new infrastructure, we would have done it already. The problem is, we can't. 🙂

- So what is it then? The end? Did the Germans just throw up their hands and kill the project? Send me a link.
- Honestly, your condescending attitude toward everything is getting old. Even if I grant you that I "don't understand," I think I can still figure out how to use Google, right?
- Sure, you could. But we’re back to the fundamental reality of human civilization: we’ve spent our entire history hunting down newer, more efficient energy sources. And look at fusion reactors—they don't look like pure science fiction anymore like they did thirty years ago.
I remember reading in a book (either 'What the Bleep Do We Know?' or maybe 'Universe in a Nutshell', I can't recall which) that if we keep burning fossil fuels at this rate while the population explodes, Earth's temperature could hit 250 C by the year 2100.
- And why couldn't it happen? If that vacuum tube project from the Muskian crowd actually takes off, why exactly is it "impossible" to build the necessary infrastructure? That’s just one example.

Look, it's perfectly fine to hold the view that we've peaked, that everything is about to fall apart, and that we'll soon be bartering for houses and farmland like it's the Stone Age. But as Zabotinsky already pointed out... we've been sitting here listening to these same predictions on this specific thread for seven years now, and nothing has happened. Not even a hint of a shift. There's no price action to back it up—just the endless, repetitive whining from Richards and Zerohedge.

pic hostcertificity.com

E.
So, even if the absolute worst-case scenario actually plays out, which of these real estate options from the image should I be grabbing instead of gold?

1. This is just the beginning. Back in the day, we were basically using oil to grease the wheels of our wagons.
2. When you look at infrastructure, cobblestones paved the way for everything we see today, much like how oil is laying the groundwork for whatever comes next.

You can't fall into the trap of thinking oil represents some kind of final peak or the ultimate endgame for humanity.
It’ll become obsolete, just like every other major energy source before it.

http://www.sciencealert.com/tests-co...e-really-works

I doubt we'll ever see an actual war break out in Korea.
Honestly, gold might even dip a bit lower over the next two or three weeks.

I cashed out of my gold position on Tuesday, walking away with a 6% gain.🙂
The reality of it is a bit more complicated than that.
It seems everyone is slapping limits on cash withdrawals lately, except for https://www.sparkasse.at/steiermaerkische/muenzshop.
The catch? They’re buying it back at a rate that’s 7 EUR lower per ounce than you'd expect.

I haven't really decided yet.
I'll probably split it—some goes straight into Wall Street, and the rest will go toward a trip to Washington, D.C. for some sightseeing. 😁

Douglas Johnson41 said:Gugenheim hit the nail on the head there. If that's how it is, then Selaki's cleavage is basically the only thing left worth discussing... no sense in dragging the whole debate back out just because of that.

Come on, drop a pic or a link, give us something to look at!