Can Gold Really Protect You During An Economic Collapse?

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[@KennedyVerbruggen]

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]

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]

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]

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]

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]

Thank you for the lead. I searched her up, and I have sent her an email. I hope she gets back to me soon.

[@KarenLavia]

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]

Yes, buying is one thing and knowing when to sell is another, that’s why I do my own market valuation.

[@ClarkeGriffiny7]

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]

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]

“ 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]

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.

[@slhines7]

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]

Buy shares of a farm

[@klivityloja3067]

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]

The MOO coin

[@albacus2400BC]

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]

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]

Yeah, NVIDIA seems to be riding high, and I agree there is still a long runway for AI stocks.

[@gregorywhem]

Can I ask who you work with? I want to start investing in the stock market now too.

[@cloudyblaze7916]

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]

Thank you for this. I'll look her up, and I hope I'm able to make something out of it.

[@ponolovefarms3926]

Golds been valuable for literally thousands of years. And still held as reserves in every modern country. Just a couple of ol facts.

[@ASimoneau]

Valuable to who?

[@frankmundo4300]

Electronics

[@nhfanful]

@@ASimoneau To anyone with a pulse

[@ASimoneau]

@@nhfanful By "valuable," do you mean "not able to buy anything with it?"

[@sam.lipchutz]

@@ASimoneau I think he means valuable to sell for currency which it most certainly is

[@NickFromLongIsland]

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

[@JP-kc2iq]

“Paper is poverty, it is only the ghost of money, and not money itself." -Thomas Jefferson

[@muckeyduck3472]

Gold is the currency of kings. Silver is the currency of merchants. Dollars are the currency of slaves.

[@shadowstorm5261]

@@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]

@@muckeyduck3472 Well said.

[@EYELOVEALL]

That's deep

[@marlinking7078]

@@muckeyduck3472 WOW!

[@DrewWare19]

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]

So are assets and security. Both give you a better return.

[@itrebor]

@@EDUAROSOLAS not during a recession

[@investingyouthh]

So before a market crash should i put my money in gold?

[@3360274]

@@investingyouthh Yes. Stocks can go to 0 real quick. Gold and silver have never gone to 0, for thousands of years.

[@alquinn8576]

@@3360274 if the S&P500 goes to 0, you are going to want bullets and guns, not gold

[@cajunjamis9001]

Dave is all in......FIAT! Keep stacking!

[@elitefitness341]

💯💪

[@Mr-pn2eh]

@Obsidian finally. I'm not the only one who uses that acronym.

[@MarchOfMonarchs]

is here really?

[@OPTIONALWATCH]

Dave is a nuthead🤦‍♂ Keep stacking!

[@delav83]

Dave should do a simple Google search of how many nations are buying record amounts of gold.

[@cbreeze123]

Well the banks having been hoarding it by the ton, sooo…does that not mean they have value?

[@cutlerylover]

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]

Of course it has value.

[@littleripper312]

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]

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]

@@littleripper312 Sure, but the same goes for almost everything. 5000 years is a long time to agree that something has value.

[@QuadTap]

Gold is money. Everything else is credit.

[@THEBIGGESTSCUMBAG]

TBH

[@stonecutter74]

Quote JP Morgan

[@QuadTap]

@@stonecutter74 correct

[@DrSchor]

said just one guy

[@zootallure4819]

Have you tasted your metal lately?

[@hopesndreams4909]

Not having any metals exposure in this environment is insane

[@ivanandrews494]

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]

@@ivanandrews494 Dave won’t change his view, he will ride that train to zero if he has too 😂

[@johngund9921]

Protecting you purchasing power is the key to surviving these times. He just doesn't get it, but he soon will.

[@veev2561]

Unless you collect auto catalytic converters!

[@jmm1817]

@@johngund9921 yeah whatever I've been hearing this narrative for 30 years starting to bore me

[@thermalreboot]

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]

Everything except wages 😂

[@gerdaleta]

@@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]

Exactly!!!

[@ronvonbargen8411]

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]

I agree 100%

[@nonya68]

How do you use it when that happens? If the grid goes down?

[@EMan-cu5zo]

@@nonya68you keep it with you.

[@TheDragonshadow1231]

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

[@travelingmonkslife9560]

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]

Clarification: Scarcity does not make something valuable. Usefulness/beauty makes something valuable.

[@travelingmonkslife9560]

@@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]

@@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]

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]

You mean a Lobotomy

[@charlescasaburi5333]

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]

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]

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]

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

[@BigChill73]

Printing and spending money like no tomorrow gets little mention.

[@ghackney9549]

You don't buy gold for the collapse, you buy gold for the recovery.

[@ewinslow822]

@@ghackney9549 even better: buy and lend gold to finance productive enterprise to help prevent the collapse in the first place.

[@maximus_416]

C'mon, Dave. You know that intrinsic value is based upon things that have utility and scarcity.

[@cybertrk]

Which makes them also immoral to horde unproductively since you’re hurting your fellow man. Productive investments are the moral way.

[@Sevkingblade]

@@cybertrk Morality lol...

[@skyjumper8652]

True bitcoin has only scarcity. No utility. It's a scam.

[@nickcat95]

@@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]

​@@cybertrk and I'm sure you NEVER do anything out of self-interest or self protection. You're Mother Teresa!

[@CaseyBurnsInvesting]

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]

Yep

[@bobbenoit8470]

You are exactly right

[@hanschitzlinger3676]

Nailed it

[@BlakeBake]

Holding the dollar uninvested yes.

[@multistack1502]

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]

"Bullets, blue jeans, and gasoline." Sounds like a country music song.

[@J.Anita24]

🤣🤣🤣 His Nashville is coming out!

[@frenchyalicea649]

Said it with a draw as well...

[@goldgeologist5320]

I would add bags of rice and beans.

[@LloydsofRochester]

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]

​@@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]

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]

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]

Is he on youtube, please how do I find him?

[@MichaelTrap-m1h]

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]

google his name

[@MichaelTrap-m1h]

Yuval Eric Brokman

[@2024Red-j5t]

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]

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]

@@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]

@@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]

@@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]

@@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

[@steak1394]

the funny part about oil getting more expensive is that long term it will make it more expensive to charge your green cars.

[@markkauffman6184]

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]

Wrong. It is due to supply chain issues. We have not seen inflation from the "money printing".

[@gratefultrucker7781]

You are 100% correct. That is the only cause of inflation.

[@km3106]

@@123ewell I hope your being Sarcastic.

[@phazon100]

@@123ewell are you being sarcastic ? Inflation is caused by money printing, not supply chain issues.

[@jordanswaim4586]

@@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.

[@crcampbell2210]

Then why do central banks hold it and have been accumulating more

[@why6212]

Because the central banks know paper money isnt real

[@slhines7]

"Tradition" - Ben Bernanke 🥴

[@mikaelarkanghel5094]

@@slhines7 Bernanke gave that response to then Senator Ron Paul.. because Ron Paul was right and all Bernanke can do was weasel out

[@slhines7]

@@mikaelarkanghel5094 Yup, I remember it like it was yesterday.

[@goldandsilverstack3]

Exaclty! We stack because we don't trust fools like Ramsey to tell us not to

[@Marc-nc9yv]

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]

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]

@@Nashional1 Companies own physical buildings, land and machinery so they will always have value regardless of what the dollar does.

[@nicolecarnevale3226]

Exactly……

[@bobjohnson4459]

Crypto

[@drewmurphy9358]

Inflation is 100% the federal reserve printing money. That’s all it is. Look up quantitative easing aka money printing

[@thinkforyourself9334]

Inflation is up all over the world

[@TheWaggishAmerican]

@@thinkforyourself9334 Basically the whole world is enslaved to the american petrodollar, so that isn't much of a shock.

[@jrwntctv8091]

Then why is it a global problem not a national one?

[@KattBon]

@@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]

Printing money and then giving it to people not to work causes the inflation

[@JuniusMaltby]

Dave Ramsey opinions on gold and silver always age like mayonnaise left out in the sun in July.

[@amireallythatgrumpy6508]

The middle of winter? oh right, the USA is in the shithole hemisphere.

[@vicken1071]

In cases of hyperinflation, small amounts of precious metals is part of being diversified.

[@ishiiblanks]

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.

[@wtk6069]

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]

If things get actually bad, all of your money should be in water bottles, rechargeable batteries, food stockpiles, and ammunition.

[@fhuber7507]

Road warrior bad... if you can't carry it on your back... kiss it goodbye,

[@EmissaryTheMessenger]

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]

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]

Salt will become extremely valuable in that scenario

[@IgoOutlateAtnight]

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]

So, does a diversified stock portfolio or in Dave's case mutual funds.

[@waterheaterservices]

Several hundred million dollars success, I won't argue with that.

[@ajones8008]

a percent of one of his mutual funds must have exposure to precious metals. at least for industrial use

[@CraveThatCoin]

@@ajones8008 Yeah 100% there must be some minners in large indexes the funds would be invested in.

[@jdsheleg8332]

And you said you have how many millions in metals?

[@TheLizardKing1967]

Food, water, guns and a get away plan have value.

[@geod3589]

@@Sean-398 Sean that day has already arrived.

[@swiftmovers3827]

But we know from history that civilizations don't end that way. You have been watching to many movies.

[@alquinn8576]

@@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

[@birdsaloud7590]

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]

Or James Rickards, or Peter Schiff.

[@dough1968GMC]

"Gold and Silver have no intrinsic value" Holy shit what a tool!!!!😂😂🤣🤣😂😂

[@LloydsofRochester]

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]

@@LloydsofRochesterconstitutional silver pre 1965 is recognizable and 90% silver. Also, it’s fractional. So it’s the best kind of silver for bartering.

[@LloydsofRochester]

@@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]

@@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]

@@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.

[@michaele1278]

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]

@@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.

[@JohnnyLaw3134]

Question. Why are all of the central banks stacking metal?

[@amireallythatgrumpy6508]

Answer: They aren't.

[@connoryaps]

answer: they all are.@@amireallythatgrumpy6508

[@golferprice]

they are@@amireallythatgrumpy6508

[@someoneelse.2252]

@@amireallythatgrumpy6508 : Wrong.

[@amireallythatgrumpy6508]

@@someoneelse.2252 You Americans simply have no idea.

[@chrisbusse5197]

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.

[@houstonmorriss5649]

If you don't hold it you don't own it

[@Chronically_ChiII]

That's why all my oil barrels are in the backyard

[@johnwkolbjr.9605]

Diversity is the key. Dave doesn’t know the future

[@elitefitness341]

He doesn't seem to know the past either or he wouldn't say this rubbish.

[@AngelPerez-jm3yg]

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]

What would America (a 3rd world country) know about 1st world countries?

[@ithakra]

There is a greedy boogeyman Dave. Its called the federal reserve

[@silverman5707]

Yes and the Federal Reserve knows all about inflation.

[@silverman5707]

Since 1913.

[@alexiskreiger]

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.

[@adamseidel9780]

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.

[@Dread_Pirate_Homesteader]

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]

😆

[@Sheryl777]

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]

Dramatic much

[@Dread_Pirate_Homesteader]

@@rjii3264 no people like you enjoy staying asleep

[@Anthony-db7cs]

Yeah, conflicts have never happened before. The sky is falling and we're all going to die!!! Hahaha

[@lv_1238]

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]

There was not a disagreement

[@CyprusAve]

Dave is extremely wrong when he says silver has no intrinsic value. He should do more research about silver in industry.

[@vision5379]

This is comedy. Thanks for the chuckle. This guy said gold has no intrinsic value 😂

[@amireallythatgrumpy6508]

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!

[@dettcg817]

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

[@chucksinger1916]

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

[@Phoenix-wy3qi]

"Inflation is always and everywhere a monetary phenomenon." Milton Friedman

[@Animalmanager]

How does Dave not know this. He sounds like Jerome Powell or Janet Yellen.

[@dalefrolander3583]

The excess printing of money also caused inflation.

[@DrSchor]

what does it cause besides inflation

[@sting_grayl]

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]

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]

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]

Pls who is this coach that guides you? I’m in dire need of one

[@AddilynTuffin]

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]

Found her webpage by looking up her name online. She seems very proficient, scheduled a call.

[@christopherstimpson6540]

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]

Nobody with any credibility measures anything in ounces in the 21st century. Use g or kg like a human being.

[@adamchavez999]

Over creation of paper money creates inflation

[@blackspiderman1887]

Precious metals and cash are simply a means to trade.The value comes from what you are trading it for.

[@TheKATON132]

Dave doesn’t understand I think. The gold and silver isn’t for making money or getting major returns in a short period. He doesn’t seem understand it for us non millionaire peasants to store our wealth as a hedge against inflation and sometimes as a savings account so that we don’t have to fully trust the banks. Also as a way to barter during an another depression. Hes viewing it like a real boomer

[@gunner5125]

Metals like powder, lead and shell casings are nice to have. (Although I do also have silver and gold.... just more ammo than the other stuff).

[@Gandoff2000]

So maybe we should buy a garage full of toilet paper. LOL

[@mikaelarkanghel5094]

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]

Hahaha!!!

[@Anthony-db7cs]

@@mikaelarkanghel5094 doesn’t mean some simpletons on KZbin comment sections do either

[@xix967_5]

With inflation that is a good idea, just about every store item is appreciating

[@mikaelarkanghel5094]

@@Anthony-db7cs yes like you.

[@bravotrades5614]

Did you really just tell this guy to dump his Precious Metal holdings because some kids clever youtube edit made it look like he couldn't use it?

[@cindybuntain9361]

Gold and silver is gods money.

[@analopez-pb7pq]

The price of transportation "gas" affects prices of everything.

[@LarryBird2233]

Dave talking shit about gold and silver ,mean while he probably owns roll after roll of gold buffalos and silver eagles.

[@Victic005]

Hmmm, Robert Kyosaki would have something different to say about that.

[@TheOnlySaneAmerican]

Kyosaki is a fraud

[@kratostomatoes8587]

>silver isn't used for anything Oh you sweet clueless boomer.

[@dennisyurconis742]

Makes you not want to trust anything he says if he is that ignorant

[@edblaskowski81]

Dave gives really good advice about spending less than you make, but knows nothing about the overall economic picture. Just because what he’s done during his life has worked doesn’t mean it will continue to work. Dave has never lived through a currency collapse like we have coming. Definitely go against Dave’s advice on this and get yourself some precious metals to go along with your beans and bullets.

[@CraigOffTask]

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.

[@SavageBunny1]

Dave is more mad at George for driving an electric car than anything 🤣

[@jimmysapien9961]

That’s Cause he is Too Tight To buy one Himself

[@ThePeterDislikeShow]

What about strategic metals like copper, or better yet bismuth or indium?

[@allcore5172]

Please read…we are using our reserves at the moment for gold and specially silver right now which no one talks about, it’s only going to rise. It’s a physical asset you can hold instead of your digital currency in your savings account which can go bye bye at any time. Same goes for your 401k, IRA’s. At the end of 2024 the irs will have direct access to any bank account valued over 10k without consent so think about that for a second. I’m not saying this is the only or correct route but I’m for sure not putting all my eggs into one basket. I’ll continue buying gold and silver for a long time.

[@nasdsrekk3503]

Dave is gonna love the cbdc

[@jerryfacts9749]

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.

[@sunsetatshabooms4558]

I'm shocked Dave doesn't understand how gas prices work. So disappointed in him.

[@panpluto13]

It is probably easier to list the things he understands. We already know tornadoes are not on the list.

[@Angelo80907]

Explain? US puts sanctions on Russia now gas prices went up are these two events not related?

[@todd2456]

@@Angelo80907 Gas prices were on the fast rise well before Russia invading Ukraine.

[@blackworldtraveler3711]

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]

@@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

[@LloydsofRochester]

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]

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]

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]

Exactly! Open your eyes and ears to what is going on outside of the U.S. borders.

[@KattBon]

Omg someone's been like, watching the news, or something. Lol

[@OgFurious1]

Bitcorn

[@drpoundsign]

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.)

[@hollowdog7208]

Problem is Joe Potato is in office and EVERYTHING is up for grabs at this point. Try carrying around gallons of gas in your pocket.

[@CloydMastane]

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

[@tredegar4163]

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.

[@Zonker66]

Great advice... saved that man a 65%+ return. Whew... that was a close one.

[@mikespronz8829]

Well this guy proves you dont have to know what money is to be rich in currency.

[@amireallythatgrumpy6508]

Money does not exist.

[@massagegarage9261]

"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.

[@fontane007]

The guy asked if it was good to have 10% of his investments in money and Dave started ranting on about how gold isn't useful in end of the world scenarios. That was not the question. I think when t comes to getting out of debt or talking about properties then you should be listening to every word that comes out of Dsves mouth, but as far as how best to use gold to protect against inflation, then Dave doesnt have any more knowledge than the average man or woman.

[@NicholasShipley-vb3gs]

NOPE !!! PEOPLE USE YOUR EYES - He says he has zero invested in gold , take a look at his left and right hand , each hand has a chunky gold ring , he says gold is a rock, NOPE a rock is a rock ,gold is a metal on the periodic table - au - metal element , also he states in other vids he carrys a thousand dollars in his top pocket for emergencys and this cash is on a GOLD money clip ,not hating just stating facts .

[@drpoundsign]

That does Not make him a Hypocrite. Rings aren't the same as buying in Quantity.

[@imveryhungry112]

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]

Quite a reality we find ourselves in...

[@jimmysapien9961]

Welcome to the 21-Century

[@geod3589]

And that's exactly what would happen, tax you into poverty

[@ceciliomendez5976]

... 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]

Not really it’s based on reality

[@stephenshelton4267]

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.

[@wes__ai]

In a currency crises.. his hundreds of millions of dollars of net worth would be worthless... Dude is clueless about most stuff except the debt snowball.. I use metals like a savings account.. rather have that in a safe that excess in a bank.. besides the stuff so damn beautiful to look at

[@amireallythatgrumpy6508]

In a curency crisis, NOBODY has ANYTHING. Simple as that.

[@wes__ai]

@@amireallythatgrumpy6508 not really how it works but go on

[@amireallythatgrumpy6508]

In a currency crisis nothing "works" sweetheart.@@wes__ai

[@jeromeperkins457]

I couldn't agree with you more. Why do you think the government confiscated Gold before? Because it always has value. Those people who had Gold when Greece had their currency crisis would beg to differ. Their gold had value and their "money" was reduced to almost nothing.

[@NicholasShipley-vb3gs]

Again not hating , i think he gives good advice BUT hes living in the past hes really comfy being a landlord , realllllly , no one rents propertys when /if things go bad , they take the propertys on mass and become squatters .This hasnt aged well , because unless Mr Ramsey has some sort of immunity , his millions will be restricted , they are inside a system that is restricting purchasing , no sorry sir you can nit make a withdrawal today or a transfer , we are kerping your money safe at the moment.

[@amireallythatgrumpy6508]

In America when things go bad they just don't have a roof over their head at all. Squatters don't tend to live very long in that country.

[@X9523-z3v]

There will always be an oligarch, and that oligarch will take gold. Especially if a fiat has crashed

[@addicted2baseballrgd21]

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.

[@hartewing7743]

Very few economists recommend that you have zero precious metals

[@bx3556]

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.

[@bryanbennett972]

Watching this now in January 2023 and it would be interesting to hear what Dave would say today?

[@DrSchor]

meme chose

[@DanCooper404]

Same thing.

[@ernestayo6131]

That which is rare always has value. It is not always what people all agree on that has value.

[@Cannabails]

Nobody: Dave Ramsay: I have a net worth of a few million. 😂😂😂

[@bobbenoit8470]

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]

@@bobbenoit8470 I guess listening to anyone who has become successful is foolish? 😆

[@aaront936]

@Sheryl777 dave got rich in sales, not by following the babysteps.

[@Sheryl777]

@@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.

[@JuniusMaltby]

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]

There is no such thing as money, dude.

[@karenshea7877]

Raising energy prices raises all prices.

[@vapeking466]

One thing that sucks about precious metals is the fee charged to buy or sell yours! I realize they can't work for free but I can find far better investments. As for protection in a portfolio it can be a good idea up to 20% of a portfolio max is usually the advice fiduciaries give.

[@caseybills5517]

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

[@JamesLongman-v5r]

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

[@TylerJamestown]

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.

[@StocksWolf752]

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?

[@TylerJamestown]

Rebecca Nassar Dunne is the licensed advisor I use. Just search the name. You’d find necessary details to work with to set up an appointment.

[@VictorBiggerstaff]

I just looked her up on the web and I would say she really has an impressive background in investing. I will write her an email shortly.

[@brdphl]

JP Morgan himself said “Gold is money” everything else is credit. Ramsey says he’s worth a couple hundred million dollars of credit. When the trillions of dollars that have been printed and went to Ukraine and China come back to the USA Ramsey’s net worth is going to get annihilated.

[@amireallythatgrumpy6508]

Which is not true. The reality is that money doesn't exist at all.

[@TheOnlySaneAmerican]

I doubt Ramsey has his wealth in U.S. dollar cash. His hundreds of millions of credit is probably mostly hard assets, stocks, and bonds. Though obviously the stocks and bonds are payable in dollars.