Can Gold Really Protect You During An Economic Collapse?

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The Ramsey Show Highlights

The Ramsey Show Highlights

Күн бұрын

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@KennedyVerbruggen
@KennedyVerbruggen 3 ай бұрын
Buying silver and gold is easy, but it is renowned for stability during economic hard times like this. The main problem is investing in stocks, dividends and even cryptocurrencies to grow your portfolio.... I’ve been trying to grow my portfolio of $190K for some time now, my major challenge is not knowing the best entry and exit strategies ... I would greatly appreciate any suggestions
@NorthCarolinaForward
@NorthCarolinaForward 3 ай бұрын
Just try to diversify your portfolio to other market sectors, that way your portfolio is balanced and you don’t get to make so much losses. Also engage the services of a financial advisor to walk you through
@Tanner-c2m
@Tanner-c2m 3 ай бұрын
Right, I delegate my day-to-day investing to an advisor ever since suffering a major steep-down late 2019, amid rona-outbreak, and as of today, I'm semi-retired with barely 25% short of my $1m retirement goal after subsequent investments.
@brantheeskimo
@brantheeskimo 3 ай бұрын
once you hit a big milestone, the next comes easier.. would you mind dropping info of your invt-advisor please? i'm in dire need of proper asset allocation in order to achieve an optimal portfolio till year end, thanks in advance ..
@Tanner-c2m
@Tanner-c2m 3 ай бұрын
I've shuffled through investment coaches and yes, they can be positively impactful to an individual's portfolio, but do your due diligence to find a coach with grit, one that withstood the 08' crash. For me, “Rebecca Nassar Dunne” turned out to be better and smarter than all the advisors I ever worked with till date, I’ve never met anyone with as much conviction.
@PennyBernadette
@PennyBernadette 3 ай бұрын
Thank you for the lead. I searched her up, and I have sent her an email. I hope she gets back to me soon.
@QuadTap
@QuadTap 2 жыл бұрын
Gold is money. Everything else is credit.
@THEBIGGESTSCUMBAG
@THEBIGGESTSCUMBAG 2 жыл бұрын
TBH
@stonecutter74
@stonecutter74 Жыл бұрын
Quote JP Morgan
@QuadTap
@QuadTap Жыл бұрын
@@stonecutter74 correct
@DrSchor
@DrSchor Жыл бұрын
said just one guy
@zootallure4819
@zootallure4819 Жыл бұрын
Have you tasted your metal lately?
@cajunjamis9001
@cajunjamis9001 2 жыл бұрын
Dave is all in......FIAT! Keep stacking!
@elitefitness341
@elitefitness341 2 жыл бұрын
💯💪
@Mr-pn2eh
@Mr-pn2eh 2 жыл бұрын
@Obsidian finally. I'm not the only one who uses that acronym.
@MarchOfMonarchs
@MarchOfMonarchs Жыл бұрын
is here really?
@OPTIONALWATCH
@OPTIONALWATCH Жыл бұрын
Dave is a nuthead🤦‍♂ Keep stacking!
@delav83
@delav83 Жыл бұрын
Dave should do a simple Google search of how many nations are buying record amounts of gold.
@ponolovefarms3926
@ponolovefarms3926 2 жыл бұрын
Golds been valuable for literally thousands of years. And still held as reserves in every modern country. Just a couple of ol facts.
@ASimoneau
@ASimoneau 2 жыл бұрын
Valuable to who?
@frankmundo4300
@frankmundo4300 2 жыл бұрын
Electronics
@nhfanful
@nhfanful 2 жыл бұрын
@@ASimoneau To anyone with a pulse
@ASimoneau
@ASimoneau 2 жыл бұрын
@@nhfanful By "valuable," do you mean "not able to buy anything with it?"
@sam.lipchutz
@sam.lipchutz 2 жыл бұрын
@@ASimoneau I think he means valuable to sell for currency which it most certainly is
@slhines7
@slhines7 2 жыл бұрын
Alan Greenspan Quote: “We can guarantee cash benefits as far out and at whatever size you like, but we cannot guarantee their purchasing power.”
@cybertrk
@cybertrk 2 жыл бұрын
Buy shares of a farm
@klivityloja3067
@klivityloja3067 Жыл бұрын
Shares of a farm? I like that. Can you elaborate? There is HELLIOS FARMS in Oregon. They have PMA and set up their own currency to exchange with other like minded farms. Yes, land is precious.
@klivityloja3067
@klivityloja3067 Жыл бұрын
The MOO coin
@KarenLavia
@KarenLavia 2 ай бұрын
Is it really worth investing in gold in 2025, I’ve been on the sidelines watching the market for awhile and it seems to be pretty stagnant to me not that it matters because I’m in it for the long run, but how can one generate actual profit in this current market?
@ChristianKelv
@ChristianKelv 2 ай бұрын
Yes, buying is one thing and knowing when to sell is another, that’s why I do my own market valuation.
@ClarkeGriffiny7
@ClarkeGriffiny7 2 ай бұрын
Accurate asset allocation is crucial. Some use hedging or defensive assets in their portfolio for market downturns. Seeking financial advice is vital. This approach has kept me financially secure for over five years, with a return on investment of nearly $1 million.
@ScottKindle-bk3hx
@ScottKindle-bk3hx 2 ай бұрын
How can I participate in this? I sincerely aspire to establish a secure financial future and am eager to participate. Who is the driving force behind your success?
@ClarkeGriffiny7
@ClarkeGriffiny7 2 ай бұрын
“ Melissa Terri Swayne is the coach that guides me, She has years of financial market experience, you can use something else but for me her strategy works hence my result. She provides entry and exit point for the securities I focus on.
@JohnSmith060
@JohnSmith060 2 ай бұрын
Thank you for the information. I conducted my own research on google and your advisor appears to be highly skilled and knowledgeable. I've sent her an email and arranged a phone call. Her expertise is impressive, and I'm eagerly anticipating our conversation.
@JP-kc2iq
@JP-kc2iq Жыл бұрын
“Paper is poverty, it is only the ghost of money, and not money itself." -Thomas Jefferson
@muckeyduck3472
@muckeyduck3472 Жыл бұрын
Gold is the currency of kings. Silver is the currency of merchants. Dollars are the currency of slaves.
@shadowstorm5261
@shadowstorm5261 Жыл бұрын
@@muckeyduck3472 I can make a dollar into a paper plane. with gold I can use that to make an actual plane and many other different technologies
@ghackney9549
@ghackney9549 10 ай бұрын
@@muckeyduck3472 Well said.
@UberMcduber
@UberMcduber 6 ай бұрын
That's deep
@marlinking7078
@marlinking7078 5 ай бұрын
@@muckeyduck3472 WOW!
@DrewWare19
@DrewWare19 2 жыл бұрын
Its a hedge against inflation. Which happens to be at a all time high. Banks wouldn't be buying it like they are if it was worthless. Diversity is key.
@EDUAROSOLAS
@EDUAROSOLAS 2 жыл бұрын
So are assets and security. Both give you a better return.
@itrebor
@itrebor 2 жыл бұрын
@@EDUAROSOLAS not during a recession
@investingyouthh
@investingyouthh Жыл бұрын
So before a market crash should i put my money in gold?
@3360274
@3360274 6 ай бұрын
@@investingyouthh Yes. Stocks can go to 0 real quick. Gold and silver have never gone to 0, for thousands of years.
@alquinn8576
@alquinn8576 6 ай бұрын
@@3360274 if the S&P500 goes to 0, you are going to want bullets and guns, not gold
@albacus2400BC
@albacus2400BC 6 ай бұрын
Gold has always been natural money, but on the other hand, I'm skeptical that a recession will occur soon, and I think the stock market still has a runway. I'll divide 60-40 nonetheless and put 60% in stocks. Do you recommend any?
@ericmendels
@ericmendels 6 ай бұрын
You are largely right, and that us what I encourage my clients to do, too, as a financial advisor. Maybe look out for AI stocks. I have a client who has made more than 600% this year from AI stocks.
@cloudyblaze7916
@cloudyblaze7916 6 ай бұрын
Yeah, NVIDIA seems to be riding high, and I agree there is still a long runway for AI stocks.
@gregorywhem
@gregorywhem 6 ай бұрын
Can I ask who you work with? I want to start investing in the stock market now too.
@cloudyblaze7916
@cloudyblaze7916 6 ай бұрын
You may be able to find one if you search. But if you need a suggestion, I work with Sharon Lynne Hart, and you could look her up yourself.
@FeelMyTruth
@FeelMyTruth 6 ай бұрын
Thank you for this. I'll look her up, and I hope I'm able to make something out of it.
@hopesndreams4909
@hopesndreams4909 2 жыл бұрын
Not having any metals exposure in this environment is insane
@ivanandrews494
@ivanandrews494 2 жыл бұрын
If Daves portfolio declines by 50% he still has hundreds of millions of dollars. If a 100 or 200k portfolio declines by 50% it's a whole other story.
@hopesndreams4909
@hopesndreams4909 2 жыл бұрын
@@ivanandrews494 Dave won’t change his view, he will ride that train to zero if he has too 😂
@johngund9921
@johngund9921 2 жыл бұрын
Protecting you purchasing power is the key to surviving these times. He just doesn't get it, but he soon will.
@veev2561
@veev2561 2 жыл бұрын
Unless you collect auto catalytic converters!
@jmm1817
@jmm1817 2 жыл бұрын
@@johngund9921 yeah whatever I've been hearing this narrative for 30 years starting to bore me
@NickFromLongIsland
@NickFromLongIsland Жыл бұрын
I agree with the majority of things Dave says, but completely disagree on his take with precious metals…. Metals aren’t an investment, moreso a storage of wealth… i started buying in 2020 at the age of 25 and dont have regrets.. my stack has only increased in value
@ronvonbargen8411
@ronvonbargen8411 2 жыл бұрын
I agree mostly with what your saying here. But I hold precious metals not as investment or insurance. But as my emergency fund. If I have my emergency fund in cash I will find some way to justify spending it. With holding physical precious metals I have to go sell it first, makes it harder to impulse buy.
@rocketboostjump
@rocketboostjump Жыл бұрын
I agree 100%
@nonya68
@nonya68 Жыл бұрын
How do you use it when that happens? If the grid goes down?
@EMan-cu5zo
@EMan-cu5zo 7 ай бұрын
@@nonya68you keep it with you.
@TheDragonshadow1231
@TheDragonshadow1231 25 күн бұрын
Yeah going buy physical metals for emegerncy fund at last resort is great idea. Storing in safes box so can keep in future emegerencies and going reputable pawn gold dealer shop the best way
@thermalreboot
@thermalreboot 2 жыл бұрын
C'mon Dave, when gas prices go up, everything goes up. Everything relies on fuels for transportation when transportation costs rise it's added to the cost of a product.
@littleripper312
@littleripper312 2 жыл бұрын
Everything except wages 😂
@gerdaleta
@gerdaleta 2 жыл бұрын
@@littleripper312 I promise you those people will see their heads on pikes their homes and businesses burn to the ground before they give any single one of you a single f****** cent
@jindandy7826
@jindandy7826 28 күн бұрын
Exactly!!!
@ghackney9549
@ghackney9549 10 ай бұрын
You don't buy gold for the collapse, you buy gold for the recovery.
@ewinslow822
@ewinslow822 4 ай бұрын
@@ghackney9549 even better: buy and lend gold to finance productive enterprise to help prevent the collapse in the first place.
@cbreeze123
@cbreeze123 2 жыл бұрын
Well the banks having been hoarding it by the ton, sooo…does that not mean they have value?
@cutlerylover
@cutlerylover 2 жыл бұрын
The banks also manipulate the pricing by selling it to themselves keeping the price low, they get caught and fines but make more money in profit than the fines cost so they will keep on doing it...
@hellize4212
@hellize4212 2 жыл бұрын
Of course it has value.
@littleripper312
@littleripper312 2 жыл бұрын
You missed the point. It only has an much value as society and people agree on. It has no tangible value beyond what we just randomly decide as a society. A house has value in that it's functional for example.
@jakegevorgian
@jakegevorgian 2 жыл бұрын
Right??? These wealthy (or maybe not) talk hosts always like to be self centered and not look at the whole picture. Says-don’t watch the news-then quotes some news, who blame Brandon-then says he doesn’t watch the news. If anyone who didn’t notice all that and absorbed his “piece of advice” then… probably we need straitjackets instead of bulletproof vests. Lol
@lamentate07
@lamentate07 2 жыл бұрын
@@littleripper312 Sure, but the same goes for almost everything. 5000 years is a long time to agree that something has value.
@travelingmonkslife9560
@travelingmonkslife9560 9 ай бұрын
Diamonds, like gold have value because they are scarce. I think the biggest thing I got from this is he doesn't invest in Gold because its too stable (no high growth rate) and there are other options with better payoffs. He didn't cover that most economies are based on Gold and hence why its more stable. Those other companies with higher payoff will balloon and in a poor economy may even tank. Yet Gold will remain. There is a reason that China is collecting and storing precious metals. Water bottles and gasoline have a shelf life. The ammo is the only sensible option he gave.
@ewinslow822
@ewinslow822 4 ай бұрын
Clarification: Scarcity does not make something valuable. Usefulness/beauty makes something valuable.
@travelingmonkslife9560
@travelingmonkslife9560 4 ай бұрын
@@ewinslow822 Natural diamonds are worth more than man made diamond. Both equally beautiful but they not the same price as one is rare. Valuable is determined by supply and demand. If there is a demand and it is rare then ....
@ewinslow822
@ewinslow822 4 ай бұрын
@@travelingmonkslife9560 value and price are different. Value is something like the maximum price someone would be willing to pay. Scarcity makes it so you can charge closer to that maximum. But scarcity doesn't affect the maximum. For example, I could have a very scarce piece of art (one of a kind!) that no one cares about and therefore doesn't fetch any market price at all.
@vjbhatia77
@vjbhatia77 2 жыл бұрын
Dave is really good on the basic fundamentals of financial advice… When you start getting more specific or more complicated… all bets are off. It’s like trying to get your general practitioner doctor that you see for your physical to try to perform a brain surgery.
@jimmysapien9961
@jimmysapien9961 Жыл бұрын
You mean a Lobotomy
@charlescasaburi5333
@charlescasaburi5333 Жыл бұрын
Dave’s advice is worth while for beginners just starting to build a nest egg but for people who already have an investment portfolio his advice is actually quite dangerous because he invests with a rear view mirror. In the early eighties he poured his life savings into gold at the exactly the worst time because it had “a great tract record” it skyrocketed for a decade. Now he is touting stocks as a sound long term investment because it’s done nothing but skyrocket for decades & he assumes it always will. If something has skyrocketed for a long time that’s more of a reason to be skeptical about it than run out & buy it.
@TexasClassic4x4s
@TexasClassic4x4s 11 ай бұрын
Dave is a great jump off point. His advice is where I say everyone should start. Make a budget, run lean and invest. I think he's perfect for people who are completely risk adverse
@TexasClassic4x4s
@TexasClassic4x4s 11 ай бұрын
Dave is a great jump off point. His advice is where I say everyone should start. Make a budget, run lean and invest. I think he's perfect for people who are completely risk adverse
@TexasClassic4x4s
@TexasClassic4x4s 11 ай бұрын
Dave is a great jump off point. His advice is where I say everyone should start. Make a budget, run lean and invest. I think he's perfect for people who are completely risk adverse
@CaseyBurnsInvesting
@CaseyBurnsInvesting 2 жыл бұрын
It’s an uncorrelated asset, it’s not a terrible diversifier. It’s not going to make you rich, but holding the dollar is going to make you poor.
@briancallahan5673
@briancallahan5673 2 жыл бұрын
Yep
@bobbenoit8470
@bobbenoit8470 2 жыл бұрын
You are exactly right
@hanschitzlinger3676
@hanschitzlinger3676 2 жыл бұрын
Nailed it
@BlakeBake
@BlakeBake 2 жыл бұрын
Holding the dollar uninvested yes.
@multistack1502
@multistack1502 2 жыл бұрын
CASEY IS A SPAMMER. HATED ON ALL SOCIAL MEDIA. HE SPAMS TRYING TO GET VIEWS FOR HIMSELF. He is a horrible person and spams.
@nema151
@nema151 2 жыл бұрын
"Bullets, blue jeans, and gasoline." Sounds like a country music song.
@J.Anita24
@J.Anita24 2 жыл бұрын
🤣🤣🤣 His Nashville is coming out!
@frenchyalicea649
@frenchyalicea649 2 жыл бұрын
Said it with a draw as well...
@goldgeologist5320
@goldgeologist5320 9 ай бұрын
I would add bags of rice and beans.
@LloydsofRochester
@LloydsofRochester 8 ай бұрын
He's a lot older than you. And I can see you aren't that old. And it makes a lot of sense, especially if they turn everything digital. You'll find out.
@LloydsofRochester
@LloydsofRochester 8 ай бұрын
​@@goldgeologist5320actually, that's very wise. But I would suggest that you keep the rice safe where they can't grow bugs, and you better find a way to vacuum seal the beans so that they don't age out. They can get pretty old pretty fast and then they won't cook at all. This is the voice of experience speaking.
@RobertVardy-r7i
@RobertVardy-r7i Жыл бұрын
Investment in stocks is a great way to invest your money. The team is constantly checking the market for changes and make sure that you are always informed about the best time to invest. As a result, I have made more money than ever before, and I don't have to manage my portfolio on my own! Invest in stocks, it's worth it!
@MichaelTrap-m1h
@MichaelTrap-m1h Жыл бұрын
I've been investing with YUVAL ERIC BROKMAN guidance for a few years and I couldn't be happier. His company has given me the best ROI while preserving my capital and has the most thorough investment guidance out there. It also never burns my money with speculation or poor philosophies of risk management.
@RobertVardy-r7i
@RobertVardy-r7i Жыл бұрын
Is he on youtube, please how do I find him?
@MichaelTrap-m1h
@MichaelTrap-m1h Жыл бұрын
YUVAL ERIC BROKMAM is my portfolio-coach, I found him on Bloomberg where he was featured, I looked up his name on the internet. Fortunately I came across his site and reached out to him, you can verify him yourself.
@MichaelTrap-m1h
@MichaelTrap-m1h Жыл бұрын
google his name
@MichaelTrap-m1h
@MichaelTrap-m1h Жыл бұрын
Yuval Eric Brokman
@Marc-nc9yv
@Marc-nc9yv 2 жыл бұрын
The one issue is that what Dave says is true, unless the dollar collapses (not reserve currency) any longer. The Dollar bill has no intrinsic value either as you said. Oil, wheat, corn etc have real value. Stocks have no value either, and the collapse is maybe closer than many realize.
@Nashional1
@Nashional1 2 жыл бұрын
exactly there is no real value in stocks its written in dollars, alot of people are going to get a rude awakening... can't believe he gives this advice
@savvageorge
@savvageorge 2 жыл бұрын
@@Nashional1 Companies own physical buildings, land and machinery so they will always have value regardless of what the dollar does.
@nicolecarnevale3226
@nicolecarnevale3226 Жыл бұрын
Exactly……
@bobjohnson4459
@bobjohnson4459 11 ай бұрын
Crypto
@maximus_416
@maximus_416 2 жыл бұрын
C'mon, Dave. You know that intrinsic value is based upon things that have utility and scarcity.
@cybertrk
@cybertrk 2 жыл бұрын
Which makes them also immoral to horde unproductively since you’re hurting your fellow man. Productive investments are the moral way.
@Sevkingblade
@Sevkingblade 2 жыл бұрын
@@cybertrk Morality lol...
@skyjumper8652
@skyjumper8652 10 ай бұрын
True bitcoin has only scarcity. No utility. It's a scam.
@nickcat95
@nickcat95 8 ай бұрын
@@skyjumper8652 the best form of money ever created has no utility. Ok, keep getting hit by inflation by stacking cash, cause that has ton of scarcity and utility. Lmao
@LloydsofRochester
@LloydsofRochester 8 ай бұрын
​@@cybertrk and I'm sure you NEVER do anything out of self-interest or self protection. You're Mother Teresa!
@dough1968GMC
@dough1968GMC Жыл бұрын
"Gold and Silver have no intrinsic value" Holy shit what a tool!!!!😂😂🤣🤣😂😂
@LloydsofRochester
@LloydsofRochester 8 ай бұрын
You should try using old silver coins, silver bars, or actually gold coins to buy something and see how that works for you so you know how well it works. I happen to have fine diamonds and other jewelry (that is 18-24 karat gold) from other countries where true gold is recognized, understood and appreciated. I can't see any place here accepting those items in exchange for what I want. They have no idea what their actual worth is and nobody else does either. If I tell you I have extremely fine quality diamonds and I'm trying to trade them for food or fuel, how do you know if they are actually what I say they are or that they are not cubic zirconia? You are not a jeweler, you can't tell. I could be cheating you. Do you know how to tell what is real gold and not just high-quality bling? I bet you don't. And exactly how much gas or food do you think I'm trying to exchange that overpriced stuff for? A truckload?
@joshuakelleher-bw5dg
@joshuakelleher-bw5dg 7 ай бұрын
@@LloydsofRochesterconstitutional silver pre 1965 is recognizable and 90% silver. Also, it’s fractional. So it’s the best kind of silver for bartering.
@LloydsofRochester
@LloydsofRochester 7 ай бұрын
@@joshuakelleher-bw5dg kudos for attempting to answer my question because honestly no one has been able to give me a convincing argument. So bartering between individuals I suppose might work, but we would have to establish some kind of a value for the silver and how many people know it's worth? Commodities really are the greatest value when what you need is gas and food and clothes A business establishment probably wouldn't take it because they have to use something that has an established value. Mom and Pop Shops might be able to get away with it, but a big place like Wegmans? Ah, no. And I have a fine diamond ring I'd like to unload because no one else in my family is interested, but pawn shops don't offer much, and where is a person to find someone who understands its value? And so I see the problem for most people with physical gold or silver because most people you're going to be working with have no idea how to assess what you can barter for that.
@joshuakelleher-bw5dg
@joshuakelleher-bw5dg 7 ай бұрын
@@LloydsofRochester there’s no need to establish value for silver. Silver has had the same value for hundreds of years. It’s a retention of wealth. A silver dime will buy you $2.00 worth of things today. So in other words… you can buy a gallon of gas with 2 dimes today. You could buy a gallon of gas with 2 dimes back in 1940. It’s important the people understand this. They want us to forget that gold and silver has been used as real money and wealth for thousands of years. You don’t make money on gold and silver perse but you will hedge against inflation of currencies. Gold and silver aren’t gaining value… the US dollar is dying. When SHTF you’ll be bartering with small businesses and individuals. Large businesses will have collapsed by then. Just look at Venezuela. When their currency collapsed due to hyperinflation, families survived by bartering with silver. People will learn what real money is in a SHTF scenario. My biggest fear is most will never learn, and will gladly accept the CBDCs that they will force on us. Only way to avoid them is gold and silver.
@Claimdocumentation10
@Claimdocumentation10 7 ай бұрын
@@joshuakelleher-bw5dgthank you for explaining this. Also, if there is a collapse and a new currency besides the dollar emerges as the standard, gold and silver can be used to replenish one’s wealth with the new currency once the depression is over. And I don’t understand how Ramsey doesn’t realize the industrial uses of metals. Doesn’t make much sense to me. Gold and silver have been used forever. Plus, people that say a person can’t get cash money for gold have obviously never been to the precious refinery. Turning in a few pieces of jewelry for $2000 cash is quite convenient.
@drewmurphy9358
@drewmurphy9358 2 жыл бұрын
Inflation is 100% the federal reserve printing money. That’s all it is. Look up quantitative easing aka money printing
@thinkforyourself9334
@thinkforyourself9334 2 жыл бұрын
Inflation is up all over the world
@TheWaggishAmerican
@TheWaggishAmerican 2 жыл бұрын
@@thinkforyourself9334 Basically the whole world is enslaved to the american petrodollar, so that isn't much of a shock.
@jrwntctv8091
@jrwntctv8091 2 жыл бұрын
Then why is it a global problem not a national one?
@KattBon
@KattBon 2 жыл бұрын
@@jrwntctv8091 Because USD is the reserve currency and the most impactful nations have their own central banks that enacted their own QE most notably since 2020.
@robertjulieannanalett1691
@robertjulieannanalett1691 2 жыл бұрын
Printing money and then giving it to people not to work causes the inflation
@BigChill73
@BigChill73 2 жыл бұрын
Printing and spending money like no tomorrow gets little mention.
@markkauffman6184
@markkauffman6184 2 жыл бұрын
The massive amount of money printing that has been going on is the main driver of inflation. Like Dave says, supply and demand. The more money that is available, the more it will take to buy a given commodity.
@123ewell
@123ewell 2 жыл бұрын
Wrong. It is due to supply chain issues. We have not seen inflation from the "money printing".
@gratefultrucker7781
@gratefultrucker7781 2 жыл бұрын
You are 100% correct. That is the only cause of inflation.
@km3106
@km3106 2 жыл бұрын
@@123ewell I hope your being Sarcastic.
@phazon100
@phazon100 2 жыл бұрын
@@123ewell are you being sarcastic ? Inflation is caused by money printing, not supply chain issues.
@jordanswaim4586
@jordanswaim4586 2 жыл бұрын
@@123ewell more dollars chasing fewer good is the cause of inflation. The increase of the monetary supply is why we have higher prices. Supply chain issues exacerbate it but do not cause it.
@wtk6069
@wtk6069 2 жыл бұрын
If things get bad enough, like Road Warrior bad, it won't matter what you put your money in, but there is a middle ground of hyperinflation in a somewhat stable society where precious metals could obviously be one of several effective short-term safe havens, along with land, stocks, foreign currency, and cryptocurrency. When Venezuela had hyperinflation, they were buying anything they could find because the money lost value daily, so owning any physical possession was preferable. At least those could be used for barter or sold again after things stabilized.
@philipepling
@philipepling 2 жыл бұрын
If things get actually bad, all of your money should be in water bottles, rechargeable batteries, food stockpiles, and ammunition.
@fhuber7507
@fhuber7507 2 жыл бұрын
Road warrior bad... if you can't carry it on your back... kiss it goodbye,
@EmissaryTheMessenger
@EmissaryTheMessenger 2 жыл бұрын
In America that doesn't matter. You can make money on disasters. It's up to the individual to not be ignorant and see the opportunities all around.
@jamesjarmon7383
@jamesjarmon7383 2 жыл бұрын
Ive got a decent amount of money invested in Aluminum, 416 stainless, and lead. If things get bad, it goes up in value substantially.
@corgiebuttfluff
@corgiebuttfluff 2 жыл бұрын
Salt will become extremely valuable in that scenario
@vicken1071
@vicken1071 2 жыл бұрын
In cases of hyperinflation, small amounts of precious metals is part of being diversified.
@steak1394
@steak1394 2 жыл бұрын
the funny part about oil getting more expensive is that long term it will make it more expensive to charge your green cars.
@2024Red-j5t
@2024Red-j5t Жыл бұрын
I used to think every investor lose out during recession, meanwhile some make millions. I also thought everybody went out of business during the great depression, but some went into business. Bottom line, there's always depression for some, and profits for others. it all starts with having the right mindset. That said, I've set aside $265k for future, unfortunately I'm a complete noob.
@Harperrr.99
@Harperrr.99 Жыл бұрын
The mkt has gone berserk! Whether you’re a newbie or a veteran trader, everyone needs a sort of coach at some points to thrive forward.
@devereauxjnr
@devereauxjnr Жыл бұрын
@@Harperrr.99 Well agreed, that’s the more reason I prefer my day to day mkt decisions being guided by a invite coach, seeing that their entire skillset is built around going long and short term, at the same time laying off risk as a hedge against inevitable downturns, coupled with the exclusive information and analysis they get, it’s near impossible to not out perform. I’ve been using a coach for over 3 years and my portfolio has yielded from initial $500k to a ballpark estimate of $1.85m as of today.
@Petroguest-i4g
@Petroguest-i4g Жыл бұрын
@@devereauxjnr Ambitious ! Who is your coach if you don’t mind me asking, heard a bit about coaching where investments are done in personal trading account with the help of a licensed advisor, rather than blinding sending away funds.. is this right?
@devereauxjnr
@devereauxjnr Жыл бұрын
@@Petroguest-i4g My advisor is NICOLE DESIREE SIMON , a renowned figure in her line of work. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market
@Petroguest-i4g
@Petroguest-i4g Жыл бұрын
@@devereauxjnr she actually appears to be well-read and educated. I just did a Google search for her name and found her webpage, I appreciate you sharing
@kratostomatoes8587
@kratostomatoes8587 2 жыл бұрын
>silver isn't used for anything Oh you sweet clueless boomer.
@dennisyurconis742
@dennisyurconis742 2 жыл бұрын
Makes you not want to trust anything he says if he is that ignorant
@houstonmorriss5649
@houstonmorriss5649 2 жыл бұрын
If you don't hold it you don't own it
@Chronically_ChiII
@Chronically_ChiII 2 жыл бұрын
That's why all my oil barrels are in the backyard
@crcampbell2210
@crcampbell2210 2 жыл бұрын
Then why do central banks hold it and have been accumulating more
@why6212
@why6212 2 жыл бұрын
Because the central banks know paper money isnt real
@slhines7
@slhines7 2 жыл бұрын
"Tradition" - Ben Bernanke 🥴
@mikaelarkanghel5094
@mikaelarkanghel5094 2 жыл бұрын
@@slhines7 Bernanke gave that response to then Senator Ron Paul.. because Ron Paul was right and all Bernanke can do was weasel out
@slhines7
@slhines7 2 жыл бұрын
@@mikaelarkanghel5094 Yup, I remember it like it was yesterday.
@goldandsilverstack3
@goldandsilverstack3 2 жыл бұрын
Exaclty! We stack because we don't trust fools like Ramsey to tell us not to
@johnwkolbjr.9605
@johnwkolbjr.9605 2 жыл бұрын
Diversity is the key. Dave doesn’t know the future
@elitefitness341
@elitefitness341 2 жыл бұрын
He doesn't seem to know the past either or he wouldn't say this rubbish.
@ithakra
@ithakra 2 жыл бұрын
There is a greedy boogeyman Dave. Its called the federal reserve
@silverman5707
@silverman5707 2 жыл бұрын
Yes and the Federal Reserve knows all about inflation.
@silverman5707
@silverman5707 2 жыл бұрын
Since 1913.
@alexiskreiger
@alexiskreiger 2 жыл бұрын
These people aren't completely stupid. They know exactly what they are doing to the nations across the world. They are evil and they want depopulation and everything God hates.
@TheLizardKing1967
@TheLizardKing1967 2 жыл бұрын
Food, water, guns and a get away plan have value.
@geod3589
@geod3589 Жыл бұрын
@@Sean-398 Sean that day has already arrived.
@swiftmovers3827
@swiftmovers3827 9 ай бұрын
But we know from history that civilizations don't end that way. You have been watching to many movies.
@alquinn8576
@alquinn8576 6 ай бұрын
@@swiftmovers3827 actually many civilizations have collapsed (you can read Jared Diamond's appropriately named book "Collapse"). it's just that if that were to happen, I don't think several ounces of gold are going to help you that much
@chrisbusse5197
@chrisbusse5197 3 ай бұрын
Who can blame him? He's a man of the time, he correctly read the sign posts too. I believe he's grossly misjudged what is going to occur next. Perhaps he will adjust his thesis at that time, he's not dumb and that is likely. He has achieved extreme wealth status. He can afford to be behind the curve. This will not happen overnight and he will see the writing on the wall. I believe he's an honest man, most likely he will let us know how and why his thesis might have changed. BTW gold has done very well since this video aired. Enjoy the rest of the show that is going to play out.
@IgoOutlateAtnight
@IgoOutlateAtnight 2 жыл бұрын
Dave with zero allocation in metals his words is insane! Even if you felt they dont do "much"...they will protect against a dollar devaluation...
@eugeneforge
@eugeneforge 2 жыл бұрын
So, does a diversified stock portfolio or in Dave's case mutual funds.
@waterheaterservices
@waterheaterservices 2 жыл бұрын
Several hundred million dollars success, I won't argue with that.
@ajones8008
@ajones8008 2 жыл бұрын
a percent of one of his mutual funds must have exposure to precious metals. at least for industrial use
@CraveThatCoin
@CraveThatCoin 2 жыл бұрын
@@ajones8008 Yeah 100% there must be some minners in large indexes the funds would be invested in.
@jdsheleg8332
@jdsheleg8332 2 жыл бұрын
And you said you have how many millions in metals?
@birdsaloud7590
@birdsaloud7590 2 жыл бұрын
It would be mighty interesting to see Dave Ramsey in a debate with Lynette Zang. Both incredible people with opposing views on precious metals.
@missinformed4269
@missinformed4269 8 ай бұрын
Or James Rickards, or Peter Schiff.
@adamseidel9780
@adamseidel9780 2 жыл бұрын
Better answer: if you have enough money to be discussing investment percentages legitimately, just go talk to your advisor. 5-10% of a portfolio for someone already in retirement is fairly common and not unreasonable, and I am far from a precious metals person. There are more options than good these days as well.
@lv_1238
@lv_1238 2 жыл бұрын
Can we just take a moment to appreciate how George handled that? 💯 (6:34) Mini-disagreements like that can (and should) be maneuvered with empathy. Well done George!
@blackspiderman1887
@blackspiderman1887 Жыл бұрын
There was not a disagreement
@michaele1278
@michaele1278 Жыл бұрын
Who ever said gold/silver were investments? They are nothing more than a hedge/insurance policy to preserve your wealth. If their value goes up, its not becuase precious metals are valuable, but because money is worth less and less.
@ewinslow822
@ewinslow822 4 ай бұрын
@@michaele1278 I hate it when people say "investing in gold" when what they mean is "buy and hold gold". If I "buy and hold dollars" am I "investing in dollars"? No, that's not "investing" at all.
@jerryfacts9749
@jerryfacts9749 2 ай бұрын
Historically, gold has been a good long term secure investment. There are investment managers who recommend to have at least 10% to 15% of your savings in registered gold bars. Gold will not pay dividends or interest to have income. For the average person it seems to be best to invest in to funds or stocks that pay out interest and or dividends, and over time has growth.
@JuniusMaltby
@JuniusMaltby 2 ай бұрын
Dave Ramsey opinions on gold and silver always age like mayonnaise left out in the sun in July.
@amireallythatgrumpy6508
@amireallythatgrumpy6508 2 ай бұрын
The middle of winter? oh right, the USA is in the shithole hemisphere.
@JohnnyLaw3134
@JohnnyLaw3134 Жыл бұрын
Question. Why are all of the central banks stacking metal?
@amireallythatgrumpy6508
@amireallythatgrumpy6508 Жыл бұрын
Answer: They aren't.
@connoryaps
@connoryaps 10 ай бұрын
answer: they all are.@@amireallythatgrumpy6508
@golferprice
@golferprice 9 ай бұрын
they are@@amireallythatgrumpy6508
@someoneelse.2252
@someoneelse.2252 3 ай бұрын
@@amireallythatgrumpy6508 : Wrong.
@amireallythatgrumpy6508
@amireallythatgrumpy6508 3 ай бұрын
@@someoneelse.2252 You Americans simply have no idea.
@Gandoff2000
@Gandoff2000 2 жыл бұрын
So maybe we should buy a garage full of toilet paper. LOL
@mikaelarkanghel5094
@mikaelarkanghel5094 2 жыл бұрын
Just because someone is a centi-millionaire does not mean that they have the right analysis nor true comprehension. Not even if they're a billionaire.
@desco7628
@desco7628 2 жыл бұрын
Hahaha!!!
@Anthony-db7cs
@Anthony-db7cs 2 жыл бұрын
@@mikaelarkanghel5094 doesn’t mean some simpletons on KZbin comment sections do either
@xix967_5
@xix967_5 2 жыл бұрын
With inflation that is a good idea, just about every store item is appreciating
@mikaelarkanghel5094
@mikaelarkanghel5094 2 жыл бұрын
@@Anthony-db7cs yes like you.
@ishiiblanks
@ishiiblanks 2 күн бұрын
The way he shuts it down is what makes me shut him off. Reminds me of sports fans that sit there shouting about how all the other pro athletes on the other team suck. I can’t be like this man… I don’t like Bitcoin but I can’t knock it. I see people flour$shing from it. It’s not for me but… I see it working for some. I’m a diehard Laker fan… The Celtics don’t suck. I don’t like them but they don’t suck.
@Dread_Pirate_Homesteader
@Dread_Pirate_Homesteader 2 жыл бұрын
once again Dave tells you to bury your heads in the sand as the world burns down..... How anyone still listens to dave anymore is beyond me
@Sevkingblade
@Sevkingblade 2 жыл бұрын
😆
@Sheryl777
@Sheryl777 2 жыл бұрын
What is sort of confusing (and beyond me), is how people who disagree with Dave almost all the time continue to listen to him (and comment on his videos) lol.
@rjii3264
@rjii3264 2 жыл бұрын
Dramatic much
@Dread_Pirate_Homesteader
@Dread_Pirate_Homesteader 2 жыл бұрын
@@rjii3264 no people like you enjoy staying asleep
@Anthony-db7cs
@Anthony-db7cs 2 жыл бұрын
Yeah, conflicts have never happened before. The sky is falling and we're all going to die!!! Hahaha
@JuniusMaltby
@JuniusMaltby 2 ай бұрын
Gold has averaged over 9% per year for the last 20 years on average. Gold beat the stock market this year. Gold is the ultimate unit of account and extinguisher of debt. For 7,000 years gold and silver were the anchor points of value in every society on every continent at some point. The United States holds 8,333 tons of gold (supposedly), why? EU holds gold. The BRICS all hold gold. “Gold is money, everything else is just credit.” -JP Morgan.
@amireallythatgrumpy6508
@amireallythatgrumpy6508 2 ай бұрын
There is no such thing as money, dude.
@sting_grayl
@sting_grayl Жыл бұрын
With all of the current events, what is the best approach to profit from the present market? I'm still debating diversifying my $400k stock portfolio to obtain some profits while minimizing risk.
@albacus2400BC
@albacus2400BC Жыл бұрын
Remember that investing in the stock market carries risks, and it’s important to do your own research and consult with a financial advisor before making any investment decisions.
@AddilynTuffin
@AddilynTuffin Жыл бұрын
With the help of an investment advisor, I was able to diversify my $550K portfolio across multiple markets, and in just a few months, I was able to earn over $950K in net profit from high dividend yielding stocks, ETFs, and bonds
@DanielPanuzi
@DanielPanuzi Жыл бұрын
Pls who is this coach that guides you? I’m in dire need of one
@AddilynTuffin
@AddilynTuffin Жыл бұрын
A good FA is critical for portf0lio diversification. My advisor is *Sharon Louise Count* who can be found readily and has great understanding of the financial markets.
@judynewsom1902
@judynewsom1902 Жыл бұрын
Found her webpage by looking up her name online. She seems very proficient, scheduled a call.
@chucksinger1916
@chucksinger1916 2 жыл бұрын
Dave I love ya for years and have agreed consistently My financial planner follows you too He says 10 percent is ok I agree Worst case fiat finally crashes and I have something tangible Im 67 and feel like it is a good idea After being debit free! Prep prep prep beans & rice lol
@vision5379
@vision5379 7 ай бұрын
This is comedy. Thanks for the chuckle. This guy said gold has no intrinsic value 😂
@amireallythatgrumpy6508
@amireallythatgrumpy6508 7 ай бұрын
There's no such thing as "intrinsic value" dude. Value, by definition is an EXTRINSIC property. All value any object has is projected upon it by how humans perceive the object. Value does not exist outside the human brain!
@CloydMastane
@CloydMastane 3 ай бұрын
The difference Dave is when you can no longer get anything for your paper you will still be able to get something for your gold and silver
@AngelPerez-jm3yg
@AngelPerez-jm3yg Жыл бұрын
Bro said gold and silver have no real value. All those cars in that parking lot of his are extremely reliant on commodities and sliver/ gold. They are almost as important as food and water in a 1st world country.
@amireallythatgrumpy6508
@amireallythatgrumpy6508 Жыл бұрын
What would America (a 3rd world country) know about 1st world countries?
@massagegarage9261
@massagegarage9261 6 ай бұрын
"There's a KZbin video of a kid who tried to live on gold bars for 24 hours." Wow! You 2 are real experts! Please stop wasting people's time.
@SavageBunny1
@SavageBunny1 2 жыл бұрын
Dave is more mad at George for driving an electric car than anything 🤣
@jimmysapien9961
@jimmysapien9961 Жыл бұрын
That’s Cause he is Too Tight To buy one Himself
@christopherstimpson6540
@christopherstimpson6540 3 ай бұрын
Gold in 2017 was $1,300 an ounce. Nearly double now. It's not that gold is actually gaining in value but the dollar is worth less. In the 1920's a bar of gold would buy a nice house and today the same.
@amireallythatgrumpy6508
@amireallythatgrumpy6508 3 ай бұрын
Nobody with any credibility measures anything in ounces in the 21st century. Use g or kg like a human being.
@Cannabails
@Cannabails 2 жыл бұрын
Nobody: Dave Ramsay: I have a net worth of a few million. 😂😂😂
@bobbenoit8470
@bobbenoit8470 2 жыл бұрын
Yeah, I had to laugh when I heard him say that, too.... lol I guess he was trying to establish credibility in the advice he was about to give...
@Sheryl777
@Sheryl777 2 жыл бұрын
@@bobbenoit8470 I guess listening to anyone who has become successful is foolish? 😆
@aaront936
@aaront936 2 жыл бұрын
@Sheryl777 dave got rich in sales, not by following the babysteps.
@Sheryl777
@Sheryl777 2 жыл бұрын
@@aaront936 All I can say is, that Dave's baby steps have helped a whole lot of people (if they follow them). My husband and I followed them and they helped us.
@imveryhungry112
@imveryhungry112 2 жыл бұрын
If you need to buy something that cant (hopefully) be taken away if it all crashes buy a structure like a house u can hide out in. But then again they could crank up the property taxes during a war to raise money and if u cant pay the property tax they could seize the property.
@humbllbug
@humbllbug 2 жыл бұрын
Quite a reality we find ourselves in...
@jimmysapien9961
@jimmysapien9961 Жыл бұрын
Welcome to the 21-Century
@geod3589
@geod3589 Жыл бұрын
And that's exactly what would happen, tax you into poverty
@colinjarvis5935
@colinjarvis5935 3 күн бұрын
Gold and silver is not an investment. It’s something you can own, an asset, in addition to a savings account. 10% of your net worth seems really high. I own some from years ago, its like my 2nd emergency fund
@dalefrolander3583
@dalefrolander3583 2 жыл бұрын
The excess printing of money also caused inflation.
@DrSchor
@DrSchor Жыл бұрын
what does it cause besides inflation
@blackspiderman1887
@blackspiderman1887 Жыл бұрын
Precious metals and cash are simply a means to trade.The value comes from what you are trading it for.
@Phoenix-wy3qi
@Phoenix-wy3qi 2 жыл бұрын
"Inflation is always and everywhere a monetary phenomenon." Milton Friedman
@Animalmanager
@Animalmanager Жыл бұрын
How does Dave not know this. He sounds like Jerome Powell or Janet Yellen.
@Zonker66
@Zonker66 9 күн бұрын
Great advice... saved that man a 65%+ return. Whew... that was a close one.
@DennisJack-km8ho
@DennisJack-km8ho 6 ай бұрын
Gold is a truly remarkable and valuable metal that has captured the human imagination for thousands of years.With all of the current events, what is the best approach to profit from the present market? I'm still debating diversifying my $400k stock portfolio to obtain some profits while minimizing risk.
@CrystalJoy-32
@CrystalJoy-32 6 ай бұрын
If you don't want to crash and burn, you should seek the advice of a fiduciary counselor when you first start out. Because their entire skill set is based on going long and short at the same time, they employ a profit-driven strategy based on individual risk tolerance.
@albacus2400BC
@albacus2400BC 6 ай бұрын
Yes, gold is a great investment and a good bet against the devaluating dollar, been holding some for awhile now, I’m grateful my adviser’s moment by moment changes in the market are lightening quick, cos who know how much losses I would’ve had by now.
@alicegomez7232
@alicegomez7232 6 ай бұрын
I envy you, I’m still trying to recover from losses I incurred in 2021/2022, who is this investment adviser you work with, I’m intrigued and I could use some quality guidance
@albacus2400BC
@albacus2400BC 6 ай бұрын
Monica Shawn Marti is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
@RuthEvelyn-rc3bg
@RuthEvelyn-rc3bg 6 ай бұрын
Thank you so much for your helpful tip! I was able to verify the person and book a call session with her. She seems very proficient and I'm really grateful for your guidance
@helloken
@helloken Ай бұрын
In the extreme long term (DECADES), gold will outperform the US dollar because dollars can be printed but gold is finite so dollars will depreciate with inflation but gold will not. Otherwise, gold is not a great investment and will be outperformed by productive investments. As Dave said, it has no intrinsic value, it's not useful in any way other than to sell it to someone else for the most part.
@CyprusAve
@CyprusAve Жыл бұрын
Dave is extremely wrong when he says silver has no intrinsic value. He should do more research about silver in industry.
@drpoundsign
@drpoundsign 18 күн бұрын
They just Found a HUGE reserve, in China. By the laws of Supply and Demand, it may Tank in Value. I would also expect Diamonds to Decrease-due to Gem-Quality Synthetics. (And-I am talking about ACTUAL Vapor Diamonds, and those made in a pressure vise-not Cubic Zirconia.)
@adamchavez999
@adamchavez999 2 жыл бұрын
Over creation of paper money creates inflation
@dettcg817
@dettcg817 Жыл бұрын
Silver is used to make mirrors, as it is the best reflector of visible light known, although it does tarnish with time. It is also used in dental alloys, solder and brazing alloys, electrical contacts and batteries. So it goes beyond having an intrinsic value
@CraigOffTask
@CraigOffTask 2 жыл бұрын
Dave is right that Biden’s energy policy has impact on inflation. However, the price of energy also impacts everything that is manufactured or transported, so everything. Biden also influences inflation when he proposes, supports or signs spending legislation that includes additional stimulus dollars. This causes monies to flood the economy, which increases demand, which also drives inflation.
@deadhardy
@deadhardy 2 ай бұрын
There's nothing wrong with buying some gold or silver to diversify your assets, but solely stacking precious metals in lieu of investing in the stock market is very dumb.
@sunsetatshabooms4558
@sunsetatshabooms4558 2 жыл бұрын
I'm shocked Dave doesn't understand how gas prices work. So disappointed in him.
@panpluto13
@panpluto13 2 жыл бұрын
It is probably easier to list the things he understands. We already know tornadoes are not on the list.
@Angelo80907
@Angelo80907 2 жыл бұрын
Explain? US puts sanctions on Russia now gas prices went up are these two events not related?
@todd2456
@todd2456 2 жыл бұрын
@@Angelo80907 Gas prices were on the fast rise well before Russia invading Ukraine.
@blackworldtraveler3711
@blackworldtraveler3711 2 жыл бұрын
He lived through it since the 70s oil embargoes and gas station lines. You're the broke one in debt probably married with kids,etc... Your job to know.
@sunsetatshabooms4558
@sunsetatshabooms4558 2 жыл бұрын
@@Angelo80907 also us does not control gas prices across the world. Also the usa & its allies put sanctions on Russia not just the usa. Please do your research
@veteranredbeard6222
@veteranredbeard6222 14 күн бұрын
Gold and silver has value due to its scarcity and use. All peoples of the world agree it has value and has for millenia. Its insane to claim cloth and linen (dollars) who is susceptible to government policy and can be constantly printed has more value, or numbers on a screen(stocks).
@cindybuntain9361
@cindybuntain9361 Жыл бұрын
Gold and silver is gods money.
@veteranredbeard6222
@veteranredbeard6222 14 күн бұрын
Dave, the problem with the idea that gold has no value is incorrect. This is because is the dollar destabilizes, the only north star WILL be gold. China buying it is a sign. Its valued all across the world and has been for millenia. Its not an investment, its a preservation of wealth. To claim that gold stacking is "greedy" because you will have worth when others dont is hypocritical coming feom a man who invested in the stock market and has far more than most.
@kevins9780
@kevins9780 2 жыл бұрын
Dave hasn't studied further back than his lifetime. History is pretty clear
@PeterWDunn-of5fs
@PeterWDunn-of5fs 6 ай бұрын
In his lifetime there was the fall of Saigon. The refugees who had brought gold had something. Those who had Saigon paper currency had nothing.
@addicted2baseballrgd21
@addicted2baseballrgd21 2 ай бұрын
I agree precious metals as a doomsday currency is a completely stupid idea. Having said that I think it's a good way to store savings, as it's a good hedge against inflation. CD rates have been cut recently.
@zacharyarco8464
@zacharyarco8464 Жыл бұрын
There is a reason the founding fathers put in the constitution that we are suppose to only use gold and silver as money that I do not think they Dave Ramsey grasps. It does not mean that his advice on how to spend and save money is bad, in fact I follow all of his baby steps, but he is missing some of the picture of how money works.
@amireallythatgrumpy6508
@amireallythatgrumpy6508 Жыл бұрын
Gold and silver are not money. Money doesn't actually exist at all. Time you grasped that.
@zacharyarco8464
@zacharyarco8464 Жыл бұрын
@amireallythatgrumpy6508 Regardless of your philosophical views on money, what does exist are commodities that have uses apart from government fiat. The founding fathers understood this, all the central banks around the world stockpiling gold in the last few years understand this, but Dave Ramsey does not seem to.
@betty-anneprice850
@betty-anneprice850 6 ай бұрын
The point of collecting gold & silver is that when/if a big collapse happens and the 'zombie apocalypse' starts, you go and bury all of your valuables like gold, silver, jewellery etc. . . In a safe place where you can go back and retrieve it when its safe to. Its about making it thru the apocalypse and having the resources to start over again in the 'New World'.
@mikespronz8829
@mikespronz8829 2 жыл бұрын
Well this guy proves you dont have to know what money is to be rich in currency.
@amireallythatgrumpy6508
@amireallythatgrumpy6508 Жыл бұрын
Money does not exist.
@Watchingtheparadegoby
@Watchingtheparadegoby 2 ай бұрын
Why are central Banks stacking Thousands of tons of Gold? Just for the record, Gold has been the best ROI for 2024 and is showing no sign of slowing down... and neither is the debt.
@Watchingtheparadegoby
@Watchingtheparadegoby 2 ай бұрын
Do a 2024 update video and tell us what you think now.
@hartewing7743
@hartewing7743 Жыл бұрын
Very few economists recommend that you have zero precious metals
@LloydsofRochester
@LloydsofRochester 8 ай бұрын
This is exactly what I was looking for. I knew you didn't seem like a logical thing to get, and his explanation made sense. Not only that, grocery stores and gas stations are not going to take physical gold. They have no way of knowing its relative value.
@jeromeperkins457
@jeromeperkins457 6 ай бұрын
Just research why governments are stocking up on these commodities, that should shed more light on the situation. The reason you have 10 percent in gold and silver is to protect your wealth should something go on with the currency, not for an investment. Research what happened in Greece about 10 years ago.
@gratefultrucker7781
@gratefultrucker7781 2 жыл бұрын
Someone call Venezuela. The didnt understand the assignment. Also call any other country that is experiencing a currency collapse and doesn't have access to usa dollars. Ask them what to invest in.
@troybenson696
@troybenson696 2 жыл бұрын
Exactly! Open your eyes and ears to what is going on outside of the U.S. borders.
@KattBon
@KattBon 2 жыл бұрын
Omg someone's been like, watching the news, or something. Lol
@OgFurious1
@OgFurious1 2 жыл бұрын
Bitcorn
@FourNines-silver
@FourNines-silver 5 ай бұрын
Stocks are great. Tangible assets that preserve wealth that you can hold in your hands are also great. Be the bank.
@nasdsrekk3503
@nasdsrekk3503 Жыл бұрын
Dave is gonna love the cbdc
@PinballPreparedness
@PinballPreparedness 9 ай бұрын
Thats great but...and you'll see this on ANY prospectus...Past performance is no guarantee of future results.
@amireallythatgrumpy6508
@amireallythatgrumpy6508 9 ай бұрын
There is no such thing as a guarantee of future results. That is an impossibility. Past performance is the best anyone can ever do. With anything.
@ceciliomendez5976
@ceciliomendez5976 2 жыл бұрын
... spoken by an "invested" and protected influencer. Speaking about not able to eat shinny metals and pure rocks, paper money can't be eaten either. Your answer to a deep problem was too shallow.
@astrodude9146
@astrodude9146 2 жыл бұрын
Not really it’s based on reality
@stephenshelton4267
@stephenshelton4267 2 жыл бұрын
Unless you can be completely independent, a means of exchanging value for value is necessary. Short of bartering chickens, a form of currency will be incredibily useful and all forms of currency have benefits and problems. Ramsay just seems to be poo pooing on bullion. I see no problem with holding some metals.
@drpoundsign
@drpoundsign 18 күн бұрын
Well...Gold IS used in Electronics, just as Industrial Diamonds are used for Industrial drilling and grinding. But-Ramsey is Right about this.
@analopez-pb7pq
@analopez-pb7pq Жыл бұрын
The price of transportation "gas" affects prices of everything.
@bx3556
@bx3556 6 ай бұрын
Central Banks collect gold. Big banks collect Silver and other precious metals like JPMorgan. So while ammo/gas/guns/jeans are great, occasional gold coins isn't a bad idea.
@tredegar4163
@tredegar4163 Жыл бұрын
Dave is great on the fundamentals and most people have an overconsumption problem which he is great at addressing. However there are greater economic cycles and the era of the 60/40 portfolio may be at an end for a long time. Either slowly or quickly the planet will deleverage with inflation, it has no choice.
@felipetejeda7545
@felipetejeda7545 7 ай бұрын
If you’re trying to invest and make money, invest in real estate and ETF’s. If you want to at bare minimum hedge against inflation, buy gold/silver as a hard physical savings. But don’t depend on it for growth. It doesn’t grow nor does it pay dividends. Compound interest is your friend. Gold is just shiny metal.
@Victic005
@Victic005 2 жыл бұрын
Hmmm, Robert Kyosaki would have something different to say about that.
@TheOnlySaneAmerican
@TheOnlySaneAmerican 3 ай бұрын
Kyosaki is a fraud
@Big-Daddy-96
@Big-Daddy-96 Ай бұрын
Gold and Silver are a part of a balanced portfolio and are a store of value and insurance for bad times. It’s highly portable, exchangeable anywhere in the world, and never loses value. Both have been valuable for thousands of years. Dave is wrong on this point.
@ThePeterDislikeShow
@ThePeterDislikeShow Жыл бұрын
What about strategic metals like copper, or better yet bismuth or indium?
@pedroalejandrolimon900
@pedroalejandrolimon900 9 күн бұрын
Gold is insurance to protect you against inflation. Not necessarily an investment.
@IgoOutlateAtnight
@IgoOutlateAtnight 2 жыл бұрын
Protect your wealth with some allocation of metals...
@jeremyrankin4346
@jeremyrankin4346 3 ай бұрын
the right move is what makes you feel safer than what others feel is the right move. the unpopular move has always made people richer than the fool that follows the crowed .
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