Nathan Tuttle

Can still be done, I still have projects like that. But they are getting fewer and fewer. The deterance is a triple wammy, cost, time, craftsmenship. This type of work takes longer, clients want shorter. This type of work requires a skilled labor force, which is dwindling by the day. This type of work cost more, clients want cheaper.

Dear Architects, what’s preventing you from designing new builds that look like this?

@GuyTalksFinance Pay it off. Your children home with a parent is the most important thing you can do for both your wife and your children.

My wife and I have been debating about trying to pay off our mortgage early or invest extra money into the stock market. The faster we pay off our home the easier it is for my wife to quit work and be a stay at home mom. But the more money we have invested the easier it becomes to live off our investment portfolio. Very tough decision to make.

CME Group halts metals and natural gas trading on technical issues marketscreener.com/news/cme-group…

@saylor Oh great, now I have to worry about fake bitcoin!

We buy real bitcoin. We audit our custodians. We don’t rehypothecate. You shouldn’t either.

Real question: if Tether is pegged to the dollar and the dollar is losing value in real terms to Gold and Tether is buying lots of gold, should be expect to see Tether de-couple from its peg and replace the dollar? or will Tether begin to support the dollar? Is there something to watch here or is this just another fugasi

Tether Is Shaking Up the Gold Market With Massive Metal Hoard The company holds around 140 tons of gold, according to Ardoino, most of which are its own reserves, along with the bullion backing its own gold token. That amount of metal is worth approximately $24 billion, the largest known hoard outside of those held by central banks, ETFs and commercial banks whose vaults underpin the main trading hubs. - Bloomberg

@SantiagoAuFund @goldseek Comedy at its finest.

@goldseek Funny how you will make comments like this online but then be all smiles and handshakes when I walk up and say hello in real life. It’s weak Peter. Weak.

We have 5,000 ounces of physical silver not for sale. Kilo bars. Located on Earth. Current dealer is not buying at this time because it is imaginary. If any nearby dealers happen to see this and are interested please let them know it is not for sale. Thanks.

I dont say much around here, but is this a real post? All the money buying gold right now is central banks buying physical before the global debt tsunami hits. Central banks are not buying physical to than rotate into BTC to take profits. We need more than just a rotation out of gold to save our portfolios. We need NVDA money not gold.

Gold just hit a new all-time high of $4,600. It's now headed towards $5,000, a major 4.618 Fibonacci extension resistance level. No crystal ball here. But the faster gold blasts through to $5,000, the quicker we could see meaningful capital rotation out of precious metals and into Bitcoin.

@FanElonMuskrut Hope

Why isn't this simply a shift from smaller spreads to larger spreads a function of making more per ounce because inventory isn't moving or going out the door faster? All the while, the shortages are building outside the retail; which will cause the pre-verbial chickens to come home and roost in the near future.

Developing risks within the Retail Precious Metals industry. Hype vs Reality I am seeing a lot of hype by big online precious metal dealers and promoters about product shortages and no inventory. Yes, premiums have been rising and certain products are tight at the moment. However look at the spreads of all these dealers. These are the prices they sell products to consumers vs the price they buy back. The spreads are extremely wide meaning in many cases you need a $9 to $14 move in the price of silver just to break even. The hype we are seeing vs the reality of the pricing for products are extremely dislocated. If we were in real shortages of silver inventory, the bids (buy back prices) would be materially better, they are not and for this reason, the hype is designed to profiteer off the recent demand from consumers (many of which may be new buyers of physical products) which have not been disclosed the risks of these wide spreads. I have been getting reports of a popular allocated program having a $500 spread between the buy price and selling price for Gold American Eagle 1 oz coins. Seen Silver .999 fine bars and rounds from popular online dealers with buyback prices as much as $9 under spot. Many of these dealers offer storage programs. Consumers need to understand the real cost of storage includes the buying and selling prices of the metals, not just the storage fee.

@Sorenthek Good content Vince.

2023: When it all started

@zerohedge This chart doesn't make sense. Florida and a few other states dont have income taxes. What are we trying to say here?

What The Top 1% Richest Americans Pay In Taxes Across The US zerohedge.com/personal-finan…

@stevenfiorillo Does account for China's ability to accomplish the same advancement in chip development for a fraction of the cost.

The A.I. Bubble Doesn’t Exist, The Bears Are Wrong! Time and time again I have turned on a major financial news network, listened to a financial podcast, or seen a post on X indicating that we’re in an A.I. bubble. The rapid surge in A.I. related investments and some stock valuations have created a narrative that the current environment is similar to the dot-com crash of the early 2000s. The main arguments I have seen are that the current euphoria outpaces real world results, valuations are detached from fundamentals, there is a lack of demonstrable ROI, companies ae hitting infrastructure and resource constraints, and the escalating costs are creating unsustainable business models. The bear narrative almost always leads back to the idea that A.I. stocks and startups are trading at premiums that resemble past bubbles and are being driven by FOMO rather than profitability. It doesn’t help that users on X are posting triple and quadruple digit gains that are often hundreds of thousands or millions in profits from their actual accounts. Some accounts on X are twisting the dagger deeper as their posting gains from naked options or call spreads which have finance professionals screaming into thin air as some of the underlying equities are unprofitable and pre-revenue businesses. I have a newsflash for every bear, A.I. is not a bubble. In every market environment there are always companies that become overly expensive with valuations that look unsustainable for no reason other than they have built a cult like following and there are more buyers than sellers. This is not a period of extreme speculation unlike the dot com bubble where investors poured capital into any company with .com in its name. The rapid growth of the internet changed how information was disseminated and how people communicated which led to the overvaluation of startups as venture capital flooded the market fueling unsustainable growth. The dot com bubble burst because many of the companies from height of the era were nothing more than hype prioritizing user growth over sustainable business models that focused on revenue and profitability. The Fed hiked interest rates several times during 1999 and 2000 which caused investment capital to tighten, making it harder for cash-burning companies to sustain operations or roll over debt, leading to bankruptcies. The four companies leading the transformational shift with A.I. are Microsoft (MSFT), Amazon (AMZN), Alphabet (GOOGL), and Meta Platforms (META). These are not startups or companies tapping the debt markets to build out new business ventures with the promise of becoming profitable. These are the largest companies in the world with the strongest balance sheets and largest profitability. Everyone has the right to their opinion but when the CEO’s and board of directors are taking a blank check approach to building out data center infrastructure to harness the power of A.I. their probably the ones who are probably correct. Here are some statistics about MSFT and keep in mind that their 2025 fiscal year just ended as they are not on a calendar year regarding reporting. Since the 2022 fiscal year ended, over the next 3-years, MSFT’s long-term debt has declined by -14.63% (-$6.88 billion) while they have increased their allocation toward CapEx by 170.25% ($40.67 billion). Over this period MSFT has increased the cash from operations it generates by 52.93% ($47.13 billion) from $89.04 billion to $136.16 billion which has allowed them to increase the amount of capital their allocating toward CapEx while paying down their debt obligations. MSFT is now generating $71.61 billion of free cash flow ((FCF)) while allocating $64.55 billion toward CapEx and they did this while repurchasing $18.42 billion worth of shares and paying $24.08 billion in dividends during the 2025 fiscal year. This is a much different period than the dot com era and when companies like MSFT are leading the way, funding the data center buildouts organically from their cash from operations there is no bubble in sight. If we look at GOOGL, it has $23.61 billion in long-term debt with $95.15 billion in cash on hand between its cash and short term investments with another $52.57 billion in long-term investments on the balance sheet. GOOGL has allocated $66.98 billion toward CapEx in the TTM which was also funded organically as they have generated $133.71 billion in cash from operations over this period. Not only did they allocate $66.98 billion toward CapEx but they generated $66.73 billion in FCF which allowed them to repurchase $59.55 billion worth of shares and pay $9.87 billion in dividends over this period. The combination of AMZN, MSFT, GOOGL, and META allocated $88.25 billion toward CapEx in Q2 2025. This was an increase of 66.97% ($35.39 billion) YoY. The growth rate that these companies are spending to build out data centers is expanding, considering that in Q2 2024 the combination of these 4 companies increased their CapEx spend QoQ by 19.33% ($8.56 billion) to $52.85 billion. We just saw that the latest Q2 2025 QoQ increase from them was 22.73% ($16.34 billion) to $88.25 billion. Oracle Corporation (ORCL) and CoreWeave (CRWV) also released critical information that supports an extended CapEx buildout. On ORCL’s recent earnings call, Safra Catz (ORCL CEO) indicated that their remaining performance obligations reached $455 billion, which was an increase of 359% YoY, and they are expecting to allocate $35 billion toward CapEx this fiscal year. CoreWeave reported that its revenue backlog increased by 85% to $30.1 billion in Q2 2025. While bears often cite a lack of demonstrable ROI and stalled productivity gains as evidence of an A.I. bubble McKinsey's latest research estimates that A.I. could unlock $4.4 trillion in annual productivity growth from corporate use cases, with early adopters reporting tangible efficiency boosts in workflows like automation and decision-making. The bears also point to infrastructure constraints, such as soaring energy demands and potential grid overloads. The U.S. Department of Energy's Speed to Power initiative which was launched this month aims to accelerate grid expansions and clean energy integrations specifically for A.I. data centers to ensure that the U.S. maintains its edge in global A.I. development. The hyperscalers are in a prisoners dilemma as MSFT just announced that it had signed a deal to spend $4B on a second data center in Wisconsin. MSFT went on the record saying that this data center will be the most advanced in the world as it will run hundreds of thousands of Nvidia (NVDA) GB200 GPUs that will be connected by enough fiber to wrap the planet four times over. MSFT believes that this is where the next generation of AI will be trained which will set the stage for new discoveries in medicine, science, and other critical fields that will shape the future. AMZN, GOOGL, and META can’t take their feet off the gas now and they are likely to come over the top on the next earnings calls. Forget about smaller companies that are getting large valuations as that’s not where the A.I. story resides. The largest companies in the world are spending like drunken sailors on CapEx and it’s only going to get larger. MSFT just said they will allocate more than $100 billion this year on CapEx, and AMZN is already allocating over $100 billion per year. These companies can continue to increase their CapEx allocations because their generating more cash from operations and funding all this organically without tapping the debt markets. At the end of the day, MSFT, AMZN, GOOGL, and META generated $493.31 billion in cash from operations, allocated $291.35 billion in CapEx and generated $201.96 billion in FCF in the TTM. These numbers indicate that the dot com era and the A.I. era are very different and there is no A.I. bubble to be found. @amitisinvesting @KrisPatel99 @RealMattMoney @_financeken @Futurenvesting @FunOfInvesting @Kross_Roads @DataDInvesting @StockMKTNewz @StockMarketNerd @sam_badawi

@Myrmikan Very good article. Thank you for sharing.

What happens to the gold price when the A.I. bubble bursts: myrmikan.com/pub/Myrmikan_R…

@goldseek @zerohedge @CellarPolitics It's more of a Silvery Grey color if you ask me.🤣

@zerohedge @CellarPolitics The greenest precious metal

Silver: The Unsung Hero Of The New Economy zerohedge.com/commodities/si…

@heresyfinancial Excellent post!

I've studied money, investing, and economics for the last ten years. Here are 12 things I teach my kids about financial success: 1. You can't just save your way to wealth, and you can outspend any income If you only make $30k per year, it's not possible to save enough to become wealthy someday. Your cost of living acts as a floor at which you cannot spend any less. This is why penny-pinchers and misers never get rich. Saving $0.15 on gas is meaningless in the long term. At the same time, income alone is not sufficient to build wealth, because there is no ceiling to how much you can spend. This is why lottery winners and professional athletes go broke. It is very easy to spend enormous sums of money. What counts is the difference between the two. How much do you make, and how much of that do you save? Not in percentage terms, but in dollar terms. Do you save $1k per year? $200k per year? The dollar difference between your income and your expenses will determine your ability to become rich. 2. Jobs are for learning, not for earning Getting a job because of the paycheck is a doom-loop that is almost impossible to escape. The lifestyle creep from a yearly 5% raise is almost unavoidable. You'll cap your earnings by chasing the paycheck and the security. But jobs do offer one major accelerator to creating long-term wealth: the skills you'll learn. Not only do jobs provide you the opportunity to learn money-making skills, they pay you to learn. Especially when you're younger, there is nothing wrong with getting a job. But look at every job as an opportunity to learn a skill that will allow you to make more money in the long term. Pay no attention to the current salary. You will feel zero difference between a starting job of $50k vs $60k. But the lifelong difference from the skills you acquire by hopping between a few $50k jobs (instead of settling into a corporate ladder) could mean the difference of tens of millions when you're older. 3. Sales is the ultimate safety net Sales is the ability to make other people money. There will always be demand for this, no matter the economy, government, culture, or country. If you learn the skill to sell, you can always make money. If you are OK at sales, you can make $250k/year. If you are good at sales, you can make $500k. If you are great, you can make $1mm+ 4. Take risks early and often The more time you have left in life, the less downside you have for taking risks. If you have more than 40 years left, you can recover from any financial disaster. Recklessness is risking small gains with the chance of large losses. Don't be reckless. Take many small asymmetric risks that have small downsides but large potential upsides. Luck is where preparedness meets opportunity. Every fish that has ever been caught was caught by luck. But you still have to have your line in the water. The more lines you have in the water, the more chance you have to catch some of that luck. 5. Create Value Creating value is defined as: creating something that somebody else wants badly enough that they will give you what you want in exchange for it. When you engage in value creation, you make the world a better place. You are providing individuals (society) with something it wants, and they only have to give up something that they want less. This practice builds the ability to see opportunities instead of problems, and find gaps in the marketplace that others cannot see. In the beginning, the only thing you'll have that others value enough to give you something you want (money) is your time. Escape this as quickly as possible by creating value with products, services, and skills instead. 6. Your time is the most precious resource to you, yet the most replaceable resource to others You only have 24 hours every day, 7 days every week, 52 weeks every year, and 80 years in your life. You cannot ever get back a single second that you let pass by. Time is the only truly scarce resource - for you. However, every single person on earth also has the exact same amount of time as you do. If the only thing you have that others value is your time, you are the most replaceable resource on earth. Because any of the other 8 billion people on earth could offer the same time that you do. No matter what you do in life, don't denominate your income with time. At the end of the day, it will always take time for you to make money. But never let time itself be the thing you trade for money. 7. Don't sacrifice the important for the urgent Many people go through life from one urgent emergency to the next. They put the important things on the back burner for years, and spend their lives putting out fires. Instead, make a habit out of prioritizing the important things in life, even if something else feels more urgent. Working overtime will feel more urgent than going home on time and working on a new skill, a side hustle, or spending time with your kids. But that urgent month can turn into years, and you'll miss out on the most important things in life. 8. In 20 years, the only people who will remember you worked late will be your kids Family is more important than all else. The family unit precedes and supersedes all nations, governments, cultures, and religions. It is the source of human connection, compassion, love, decency, drive, ambition, and strength. Ignore it and sacrifice it at your own peril. Especially when your kids are young, the years are fleeting. Someday very soon, they will no longer need you to rock them to sleep; to tuck them in bed; to wrestle with them; to drive them around town; to answer their questions about life. You are blessed with an opportunity to have the most fulfilling responsibility a human can possibly have. Don't waste it. This doesn't mean there will never be sacrifices. Sometimes it's inevitable, and the sacrifice for time or quality of life must be made for a better future. But it's your responsibility to make sure this is really a necessary sacrifice, and that you are not justifying your selfish desires to make yourself feel better about abdicating your parental obligations. 9. Talent is just practice in disguise As far as all studies have ever been able to tell so far, there is no such thing as innate talent. There is only skill. Skill is built through practice and repetition. So when you see somebody who is better than you at something, they practiced more. So if you also want to get good at it, you also need to practice more. There is no need to be discouraged or disappointed at your progress. Simply put in the reps, and eventually you'll get there. It would be illogical for you to think you would be naturally good at something that you've never practiced before. So practice until you're good. 10. You will receive in proportion to what you give The creation of wealth is built on the foundation of giving and generosity. Your personal wealth is only a measure of the wealth you've created for others (assuming you didn't steal it). The more you build your life around giving and serving others, the more wealth you'll build. If you think you are giving and serving, but you aren't building wealth, that is a dead giveaway that you aren't actually creating wealth for others. Greed is a toxin that will rot you from the inside out. But the antidote to greed is not the hatred of money. The antidote to greed is generosity. If you hate wealth, the only result is that you will despise the wealthy, and you will never create wealth yourself. But if you make it your goal (and practice) to give more and more, you will see your wealth grow that much faster. 11. Readers are Leaders and Leaders are Readers Learning skills and correct mindsets often requires a teacher. But most people do not have the social network required to know someone who can teach them all that is needed to learn about the creation and preservation of wealth. That is why people who read the most tend to be so successful. Every book (nonfiction) is like getting years or decades of someone's expertise downloaded into your brain. While it may have taken that person a lifetime to build the knowledge they write about, it only takes you 10-20 hours to absorb it. You have to read many books in order to find the great ones. It's a game of numbers. For every 50 books you read, one of them will be great. When you find a great book, re-read it. Then read it again. Come back to it in a year and read it yet again. Until you feel you have absorbed everything you can (or until the book no longer seems great to you) keep coming back to it every year. 12. The Time Will Pass Anyway If it is a skill worth learning, or a relationship worth having, or something worth building, it will take time. The things that are most important in life often take the longest time to build. Looking at something that may take 1, 5, or even 10 years to accomplish is daunting. It makes the average person give up before starting. But the time will pass anyway. Would you rather wake up 10 years from now with 10 years under your belt? And 10 years of progress toward your goal? Or would you rather still be at square one? Because one of those two options is guaranteed to happen. You will wake up 10 years from now. That time will pass anyway. So put it to the best use possible.

@UraniumSteve Where you Oil Steve before?

I sold all of my oil stocks. I sold all of my PGM stocks. I sold all of my coal stocks. I bought more #uranium. It is now all I have.

@Culture_Crit Budget, schedules, architectural education and labor force to name a few. Heck, material costs alone for the gypsum reinforced fake version of this detail is unaffordable. Many clients also hate this type of ornament, sadly.

@patato_ass @bert95162621 @BlueSvoja8503 @BoobsBullion @BuddhaSoGuddha @SilverDegenClub @SilverChiquitaa @Silver__Santa @yarrs @mikesay98 @john_hartobey

Rise fellow Ape’s ! This is War . I’m gathering all Apes around the world to Raid the Physical Silver market on BRICS summit days 22/24 August . Let’s do a massive buy on Physical Silver… who’s in ? Everyone is welcome. Share & Retweet

@TheMaverickWS For once all the garbage on the internet is finally useful. There's a lesson here about basing machine learning on group think. Bad information input results in garbage output.

But A.I. is worth $70 Trillion

@Lucas_Gage_ Mr. Gage, my family thanks you for your service from the bottom of our hearts. We pray for your continued recovery. Your not alone in how you feel. May God bless you and your family.