Why You Shouldn't Be Fooled By "Gold-Buying" Headlines!
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- Опубліковано 1 тра 2023
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Gold isn't for becoming wealthy it is for preserving your wealth outside of all financial systems.
that is only half the answer: what is for becomming wealthy
@@DrSchor why is it "half the answer?" He is saying gold is never a good option which is a stupid thing to say.
@@DrSchor The S&P 500.
Yepp, Nicely Explained
It doesnt preserve wealth at the start instead you'll lose money IMMEDIATELY from paying premiums and it might take YEARS just to get your money back to the same amount you spent on it.
I've come to realize that money is a tool. I've worked so hard over the years to realize that if you don't make money work for you, you can't experience true freedom. fully retired with over $3.5million, my dividends is supplementing my retirement at the moment. started saving and investing in 2010 in growth, No regrets and financially free._
This is superb! Information, as a noob it gets quite difficult to handle all of this and staying informed is a major cause, how do you go about this are you a pro investor??.
Through closely monitoring the performance of my portfolio, I have witnessed a remarkable growth of $483k in just the past two quarters. This experience has shed light on why experienced traders are able to generate substantial returns even in lesser-known markets. It is safe to say that this bold decision has been one of the most impactful choices I have made recently.__
wow ,that’s stirring! Do you mind connecting me to your advisor please. I desperately need one to diversified my portfolio...
Finding financial advisors like *JENNY PAMOGAS CANAYA* who can assist you shape your portfolio would be a very creative option. There will be difficult times ahead, and prudent personal money management will be essential to navigating them..
Thanks for sharing, 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 e-mail shortly|
If gold is so worthless why are Central Banks buying up gold at a record pace?
Random companies are trying to sell you gold at record pace. Like lear capital. Why are they trying to get rid of their gold so bad?
You buy when it drops. Buy platinum its cheaper
@@verstappa because, that's their job. If you think the Lear Capital doesn't have their own stores of PMs then you're out of touch. YES, they sell PMs, but that doesn't mean that they themselves arent fully invested (privately)
Great video, I have a quick question. I am an aspiring trader, I am looking study some traders and earn off their expertise rather than investing myself and lose money emotionally. Whats your take on copy trading? Do people really make money? Just looking for some reassurance.
Thank you!
The truth is that this is really not as difficult as many people presume it to be. It requires a certain level of diligence, no doubt, which is something ordinary investors lack, and so a financial advisor often comes in very handy. My friend just pulled in more than $84k last month alone from his investment with his advisor. That is how people are able to make such huge profits in the market
Focus on long term investments in property, stocks, and bonds. Avoid copying, daytrading and 'chart astrology'. Diversify across different geographies, industries, and value chain stages - to reduce your risk. You can do this with ETFs, or by selecting different stocks yourself. This is the best way to invest for more than 90% of people
nice! once you hit a big milestone, the next comes easier.. who is your advisor please, if you don't mind me asking?
ANGELA LYNN SCHILLING' is her name. She is regarded as a genius in her area and works for Empower Financial Services. She’s quite known in her field, look-her up.
Thank you for this tip. It was easy to find your coach. Did my due diligence on her before scheduling a phone call with her. She seems proficient considering her resume.
I'd rather have a yellow rock than pieces of paper
I thought Dave was a Christian? He is a liar or a fool or both. Trash fiat currency and wall street mutual funds is where he guides people. He is bought and paid for shill.
@Ann Taylor Only 75 years? That ain't worth spit little girl.
@@amireallythatgrumpy6508 Your name should be Am I Really THAT Stoopid??
The rock and the paper have the same value, whatever people believe they are worth
There is no inherent advantage of the rock beyond the belief in it
Bullets and canned goods - the new exchange medium...
Argentina and Venezuela does not approve of this video.
argintina and venezuela do not have nuclear weapons
Sorry, I'm going to buy metals. :)
that is fine, as long as you stop at cuff links
Me too
Gold is up 20% in the last year. Dave is a bloody idiot
If you don't hold it you dont own it.
Exactly. Why wouldn't you want to hold real money? 🤦🏻 With the bank failures going on also
@R. J a lot of people are like don't worry about bank failures everything will be OK. It's like rearranging deck chairs on the titanic after she started to sink.
Considering the recent developments involving SUB, Signature Bank, and First Republic Bank, reminiscent of the 2008 market crash, is it prudent to continue saving in the United States dollar? Alternatively, it would be wise to investing in gold amidst these circumstances.
It's always a good option to keep some gold. Well with the current market situation and everything at stake with the present economy, I'd say you're better off staying away from stocks fr awhile or better still reach out to an adviser for guidance.
@@matthewtaylor2275 It is often true that people underestimate the importance of financial advisors until they experience the negative effects of making decisions based on their emotions. I recall a few summers ago, following a long and difficult divorce, when I needed a significant boost to keep my business afloat. I conducted research and found a licensed advisor who was diligent and helpful in growing my reserves despite inflation. As a result, my reserves increased from $275k to approximately $850k.
Somewhere upstairs Dave’s grandpa is shaking his head.
Dave Ramsey is a financial wolf not a shepherd.
Starting to look alot like Jim Cramer. All he needs is some big horns, toys and fast camera angles.
@@pierreclifton1865 100%
Gold is money. The dollar is currency. Dave should know the difference😂
can you explain the difference , please?
Dave has two rule. Don't be in debt and don't buy gold.
@@jmw77 and buy in companies who support ESG. Dave is pathetic!
23 states have Gold & Silver as legal tender. And it has always been considered currency. It says it in the Bible.
@@jmw77 When it comes to the history of fiat currencies, Dave is ignorant.
Wow this guy is not only wrong, he is giving worse advice than Jim Cramer.....
I am hoping more and more people follow Dave so I can save on premiums. PLEASE keep buying mutual funds 🤣
LOL yes!
Yes yes yes, the premiums are killing me...keep buying your paper illusions of wealth
You do know that it has outperformed precious metals right?
@@SinisterAngel1 thats fantastic news. Also the banking system is sound.
Dude, I'm up hundreds of thousands in mutual funds. Have fun with your little shiny discs...
I absolutely love this man but he’s completely wrong on $GOLD. If SHTF it’s better to have options. Love y’all.
Yep. Beer, bullets, and blue jeans.
The most stable asset in human history is riskier that the USD and mutual funds? Dave is full of it.
What do you mean the most stable? It's more volatile than most other investments It's like a roller coaster at six flags
@@b.m.4066 🤣
@@b.m.4066 he heard that from a silver pushing UA-cam channel. He has no clue what it means, he’s just repeating it. Nothing stable about metals
@@Kane6676has gold and silver been used as money for centuries? Answer is yes. What do you think people will allocate to when the faith and confidence in the dollar is lost? An economy crash includes real estate crash, 401ks will be bankrupt, bank failures which we are already seeing now. Everything market related has been propped up by phony money. Money printed out of thin air. How many people do you think could go into a bank right now and cash out their funds? My guess you’ll have maybe 10 people able to get their money then the banks shut the doors you people including Dave Ramsey will be the ones standing in food lines or selling your items to me just to get some silver. Silver and gold are down because of price manipulation. Go look at the comex for silver and gold. They are buying 90k contracts and short selling and long holding that represents 600maybe 700 million ounces of gold. Why? Because gold and silver are dollar destroyers. Dave is worth several hundred million but he’s never seen a crash like what’s coming. He will lose all his money and so will his followers. But at the end of the day people holding precious metals will be okay and living a very good life. This dollar monetary system ends this year. You put your money in real estate or a mutual fund your a dummy that deserves to go broke😂😂
It's insurance with NO third party risk! And not forget it is real money so can barter with it. Over 5,000 years of barter.
He thinks Mutual Funds are better lol
Exactly!
no counter party risk. what is third party risk?
It is INSURANCE! It is not an investment. Otherwise why would we also get life insurance, home insurance, car insurance. These aren't investments and you know this.
Try getting what you paid for...yeah "insurance"
Insurance, Exactly. Dave fails to see this or maybe he doesn't want to.
I wonder if it can be an investment......Where does the energy or purchasing power of the entire US economy go, if it's not being reflected correctly in the dollar? Does it just dissolve? Or perhaps it reverts back to the money that is not as corruptible? Gold/silver??
"it's a rock that is yellow"
That yellow rock powers 100% of phones and computers.
No more than any other element on the periodic table that's used for materials. Don't iron or silicon have more uses?
@@tugboat2030 They also have value relative to their abundance. The abundance of iron historically being why societies never used it as "money." Gold's bull case isn't as a commodity, is the point.
I think silicon is what you're thinking of.
It's also not a rock, it is a metal.
Those phones and computers helping build your wealth?
The irony of Dave talking about risk but telling everyone to allocate their mutual funds in the same way regardless of age or risk tolerance.
100%
Exactly
Spoke like someone who knows nothing how mutual funds work........
@@MrJimmy3459 Please explain the logic behind a 70 year old should have 50% of their assets in international and aggressive growth mutual funds as Dave recommends.
@@lepoj what would you suggest
Major oversight by Dave: Every National currency that is used today was originally backed by gold. During a worldwide currency inflation crisis, this fact strikes me as relevant.
Gold and silver is not for investment or to create revenue. It’s for wealth preservation in case the paper money loses its value. We are heading for another monetary reset with CBDC and precious metals will help preserve your wealth.
Dave's dollar hegemony attitude is exactly why other countries are dedollarizing.
They’re not, don’t buy the headlines
@@SilentEire Have you been listening to Serpentza on UA-cam?
@@SilentEire believe what you want. Not reading headlines! That is for rookies.
Because he's right!!! Those countries are junk...
Why watch the news when you can watch the dxy
Numbers on a screen in your bank account and green paper printed to no end also don’t have magical powers
They kinda do because that’s what we use in our ecosystem 😂. You have a lot of it, pretty sure it gives you magical powers.
A yellow rock that has been around a few more days than his mutual funds he always recommends
How is an unproductive and overvalued asset (compared to its utility in industry and jewelry) better than cash flow and income generating assets?
It's also not a rock, it's a metal.
@Juve per sempre You don't understand fiat currency, my friend.
@@juvepersempre7383 well it was 40 dollars an oz in 1975 when he started real estate. It's 2k+ an oz today.
@juvepersempre7383 Undervalued you mean. Gold and silver are very important to the world in many industries.
Dave's "in a perfect world" financial advice. all while Rome burns in the background.... Dave is a modern day Nero
@@b-rad-3849 He truly is a museum specimen boomer. I really hope the boomers get to see the world descend into the chaos they created.
@@b-rad-3849well said me and my gf been saying that about our parents, so true in a lot of areas
At least most of the boomers I know back bullion. Dave seems to hate it out of pure spite
Wars have been fought over gold. Love has been expressed by it. Gold has changed the landscape of civilisations and the world. Kings and Queens have fallen and risen fighting for it.
It looks beautiful in jewellery & watches. You enjoy wearing it everyday, people admire it, but at the same time it’s an investment. You can’t enjoy stocks & shares on your wrist or around your neck. With Gold you can everyday whilst knowing you will never loose your money & over time it will appreciate.
For me it’s Gold & land…
how do you wear land on your wrist
Gold is also in my hand. Hard to Bernie Madoff physical gold.
@@pierreclifton1865who cares
I will take precious metals over this worthless paper that is losing value every day.
Yet we measure the value of gold in that worthless paper. Gold has no inherent value. Plus, you can't buy anything with it. Maybe if society collapses, gold MIGHT be something we use for transacting. But at that point, bullets, food, and water are much more valuable.
I'm not advocating holding cash over gold, but there are much better assets out there that actually have a societal benefit.
@@lionelhuts875 No inherent value but has been used as currency and for trades for 1000's of years.
@@lionelhuts875did you forget earth was older than united states?😂
@@knuke9596 You just proved me right. Gold is used as a CURRENCY. Therefore, gold itself (i.e. "inherent/intrinsic") as a metal can only be used for specific purposes like electronics.
EDIT You're essentially conflating intrinsic value with instrumental value.
it has industrial use and use as currency or as a store of value. So it is still far more valuable and versatile than paper currency.@@lionelhuts875
I love Dave and his principles and strategies are great, but I will continue buying physical gold and silver. I think the problem looming is unlike anything we've ever seen before.
And gold and silver will not help you with the problem.
Tell it to Venezuela grumpy.
How is owning gold and silver going to help you? Unless I can go inside a store and purchase something with it, then it's useless
@@blackspiderman1887 If you wish for life to be convenient for you. You can be unhealthy and fat. If you wish to be happy. Then you can be fit and skinny. it's very simple. If you only chase convenience you will be enslaved. Most people who have their money in things they do not own are indeed enslaved.
Same here!
Dave is trying to deflect financial panic, but it may be coming anyway.
If we have financial collapse no ones paying Dave to ask how to pay the bills anymore so its highly motivating to suggest were fine...
He’s in bed with the same players who are manipulating and crashing the fiat system.
@@MrLewis-lk8usgive me a break. He's a real-estate guy.
“I bought diamonds and they’ve never gone up in value.” That’s because diamonds are sold with a 5000% premium and dabeers has a monopoly on diamonds. They are not valuable.
Also, every diamond is unique and a person with specialized training is required to determine the quality/value of each diamond. Precious metals are fungible. And large, high quality diamonds can now be created in a lab.
Diamonds are a racket, for sure.
That's the point Dave was making Genius
Yeah, no. He’s relating diamonds to real tangible goods like corn oil and gold. Diamonds are not traded or valued anything like those items.
This is called gaslighting your audience. Shame on Dave!
What did he say that was not true?
The same guy that never thought in a million years he’d go bankrupt is saying the dollar will never crash. But you do.
I'm not for any side as I'm not familiar about the subject. But isn't the argument usually that if the dollar crashes we have a much bigger problem to worry about than worrying about our mutual funds?
@@IronDutch14 Yes!
Why would the dollar crash?
@@theslowevo9303 you can't print it into oblivion ... right now, as the world reserve currency we don't get the hyperinflation that other nations get with theirs, but once countries stop using it, everything gets more expensive because you have trillions of paper out there.
Eight out of ten businesses fail ... How is that relevant?
This hasn't aged well
The rate of return on 💎 diamond's is called marriage 🤣🤣🤣🤣🤣💕
Brilliantly stated.
And they can be reproduced by machines.
I'm not buying metals to 'profit' from an 'investment' -- I'm buying metals to maintain a backup of steady value in a physical item that I can hold and pass on to family later in life. I have plenty of other investments for profit.
Dave does not understand that.
Exactly. They are to preserve wealth and you will be glad you did. Once these metals are no longer suppressed we will see their value double or triple. The sky is the limit because this current money system could crash and burn
@@Maelu-op9gf If metals are no longer "suppressed" their value would plummet since the supply would explode.
@Michael Hutchings bingo.
There's asteroids in space with trillions of ounces of precious metals. Eventually it will become cost effective to mine for them off planet. Maki g those metals more common in everyday use.
So why not just buy more guns and ammo? It facilitates the same thing. Commodities are commodities.
And now I can finally say goodbye forever to Dave. He will lead millions into financial ruin. Dave is good advice in a healthy system… which he thinks we have.
You been listening to the fear and panic pushed by bullion scammers. Only one in financial ruin will be you
@@Kane6676 You’ve been listening to Dave… good luck.
@@willterryart I don’t need luck. I went from middle class to millionaire in 5 years bud. I stared actually increasing my wealth when I quit listening to bullion scammers, sold all my metals and got into real investing. Enjoying being broke
Gold is 👑
Well played.
@@willterryart
Dave is owned and controlled by the system. He is an old timers Jim Kramer.
BINGO WANGO TANGO
He owns the system. It does not own him.
@Am I really THAT grumpy?? that's hilarious. You think Dave Ramsey is above the central bankers the rule the world?
I thought Jim Kramer was an old timers Jim Kramer...
That's hilarious. There's only one thing that rules the world, and that is the sun. @@bearjones6929
Nothing wrong with owning a small portion of gold!
he said cuff links are fine. do you need to listen again?
Own a little bit of everything, never go full in into anything that's how you lose money
Consider asking the people of Venezuela their opinion on the matter: Which holds greater value to them, a piece of paper or pure gold? Alternatively, you could visit Sweden, where the Krona has depreciated by 40% of its value, and inquire about their perspective. Another approach would be to approach individuals in Germany who are over 90 years old and ask them about their firsthand experience with hyperinflation in 1923. Pose the question of whether they would prefer possessing a wheelbarrow overflowing with worthless money or having a piece of gold securely tucked away in their pocket, worth much much more.
Fact check: the usa is not venezula, sweden, or germany 90 years ago.
@@DrSchor I think you need to read the comment slowly again.
I will take my golden rock and buy all of Daves real estate! 😂
Might want to check the value first as the gold goes up and down much more than real estate. Real estate actually makes money where as gold just sits until you sell it
Ya I'm sure you will buddy
I don’t understand why he’s so against precious metals. It makes perfect sense to include them in your portfolio. Yesterday, stocks were down 1.5%, metals went up 1.5%. Having 3-5% of your portfolio in metals will help balance things out IMO.
I agree
he sells books and courses not gold simple..
he needs to keep sharon happy
agreed, especially if the markets crash and the dollar crashes. What will Dave do when that happens? All of his assets will be worthless, while gold will be through the roof.
Well Mr Dave I own two properties in London, and have 3 kilo of gold which I can liquidate in a heart beat, the second I sell my property Uncle Sam will take a chunk
2018 gold$1300 today $2400 I'm loving it.
companys go bankrupt all the time. look at these once robust bank stocks. svb was doing well for sometime. your mutual funds are loaded with debt, so much for being debt free
PM has been money for 5000 years. Will he change his toon when SHIF?
Money has never actually existed sweetheart.
I agree that gold shouldn’t be used to invest or get rich over time. It is basically a more secure “savings” than just a digital number in your savings account. It’s just like saving cash except it is less liquid but it has value as itself meaning the metal does not need to be backed by a government to be worth something.
Agreed gold is a place to store wealth not an assets to try and get rich or make a lot of money
Cash loses value, gold doesn't.
The problem is that the government rigs the gold market just like a everything else. They suppress it to keep the illusion that the dollar is still strong. They need to suppress the rising prices of milk, eggs and the tips the waiters ask for at restaurants. Also getting taxed on everything is not to fix the roads. It's to keep us poor and in the system. It's all by design. So I live humble and frugal. Knowing that I can buy something if I want really want it, and not actually buying it, is pretty satisfying. 😊
Its only been an investment since 1971 thats why, it was money before that and pegged to $35oz. for decades and thats why the dollar was worth something.
Dave should start a new show with him and Jim Cramer. What a tool.
They could call the show "Bad Advice You Can Cramsey: Cramer/Ramsey's insight on poor investments"
"Don't buy gold." This is coming from a guy who recommended timeshares.
Lmbo. Dave's only good advice is to eliminate debt and save. Everything else he says is guesswork. This video proves it.
Ya total tool. Better go listen to one of those sd bullion employees pretending to be an independent creator giving you all the fear and panic metals marketing
@@pierreclifton1865 investing in metals isn’t guesswork?
Gold is not a commodity - Gold is money! Everything else is credit.
Money does not exist. Gold does. So gold cannot be money.
Dave is either an agent for the Federal Reserve money printing regime, or he's ignorant of the writing on the wall. Writing that is done in huge florescent yellow paint on a jet black wall. He will be culpable for the suffering he could have helped prevent by simply encouraging his listeners to diversify across asset classes, including the insurance that precious metals provide against a failing system caused by irresponsible monetary and fiscal policy.
Chatgpt?
A large portion of Americans gdp is just printed dollars not goods and services.
💯👏👍
Mutual funds don't have magical qualities.
Have third party risk magical qualities!
You won’t get hurt,deleted,or robbed over it.
That yellow rock you speak so highly of is Gods money! Gods money is honest!
Gold isn't an investment, it's a savings vehicle against inflation. No one buys gold hoping to make an ROI they buy it in hopes of hedging against inflation
Gold is a very good investment option in other developing and small countries where their currency itself is not stable, but like Dave suggests not a good idea in US, in my country currency value vs dollar halved in 14 years, and price of gold went up 50%.. so had I bought gold in my country then I could have triples it in 14 years... But in US good value didn't outperform stock or mutual funds
The average doo doo bird cannot understand what you are saying. They have been programmed with all these little slogans and sayings from the bullion pushers. It’s quite sickening really. They have been pushed by fear and panic marketing to blindly buy gold and silver and they feel they are “ outsmarting” everyone by doing so. In the end they die with a bunch of metals and their family sells it at estate sales. Seen it many times
because gold isn't meant to be an investment, but insurance. apples and oranges.
Gold miners guys, Dave’s asleep at the wheel
Buy a mutual fund instead - great advice Daffy Dave. What is the success rate of actively managed mutual funds? Over a 20-year period, 95% of large-cap actively managed funds have underperformed their benchmark... Geez Dave wrong again, who would have thunk that?
Are you insane ? Lol
NO COUNTER PARTY RISK
Stocks & bonds have counter party risk & Intermediaries❗Poor clueless Dave 🙈
Dave should have told him to flush his money down the toilet lol
Gold isn’t an investment. It’s a store of wealth. Inflation destroys currency. Gold protects wealth. Diversification is always a good bet.
You are so right.
GOLD was there before America was born.
Its only value is that projected on it by human stupidity.
It’s projected value globally for centuries is something that has huge momentum, going against that is like trying to reinvent the wheel, it is globally accepted as a safe storage of the value of your assets. All money is a way to transfer and store your accomplishments, you create something and trade it for a form of money and you want to know that in 20 years you can receive back the same value, that’s why counterfeit money is illegal, it devalues the value of the money.
😂. Still on that Brazil vs Texas GDP! Davey Ramsel, how about G7 GDP vs BRICS GDP?! Why lie to the people. What or who are you really protecting?
How much does the ccp pay to post comments? Or do they force you to do it for free?
@@therocinante3443 how much did "it" pay you to fight his fight? Just another cultist. You are part of the CON. Try thinking for yourself for once...clone, 🦜, 🐏
Yes, the 3.27 billion people in BRICS countries finally make up 32.1% of global GDP compared to only 800 million people in G7 countries making up another 30%. There are reasons G7 countries have been able to do prosper with much fewer people and those reasons aren't likely to change anytime soon.
Gold is a metal not a rock, Dave!
Fear mongering is Gold and Silver’s biggest marketer.
Personally, i buy gold only because its value will never go away and its a safety option not because im looking for a return
Its value will never only go away because its only value is that projected on it by human stupidity.
It’s value was put on it for centuries for several reasons, not stupidity, intelligent reasons, people in the past had much wisdom, for example streets were named to give you information, like horseshoe pond road, a horseshoe shaped road that would flood.😂 Gold doesn’t burn in a fire, nor does silver, they retain their qualities and melt, Silver has anti microbial properties the settlers put it in milk to keep it safe to drink, it is great as a coin to prevent disease transmission during trading. Also they don’t rust away! 😂
The very need for any form of money system is evidence of human stupidity, sweetheart. @@Triedandtrue44
Dave is a massive wolf. Gaslighting the hell out of his listeners.
That’s actually what all the bullion pushers do. Every silver and gold UA-cam channel is pushing this end of the world crap to increases sales
Dave is really clueless.
Gold is useful, it does have an intrinsic value. Same as oil or corn.
Gold won’t go bad or spoil though!😂
@@Triedandtrue44 Indeed, and it requires much less space to store. It does require security.
There is no rate of return on gold. It's not an investment, it's a saving vehicle. But invest in a mutual fund that invests in commodities 😅.
Dave Ramsey us about to be wrong once again
Rick Rule needs to educate this guy on gold.
Rick rule would be incorrect.
Dave has blinders on when it comes to gold and silver. I still love the guy, but he is fundamentally incorrect here. Gold and Silver are money, not investments. The “price” is more accurately called an exchange rate. What he calls money is just currency, and has no intrinsic value. Gold and silver always will.
Dave never understands the difference between an investment and money
please; help us understand the difference. please explain
The difference is that investments exist, money doesn't.
Investing in what he’s suggesting is like buying a new gun in a game and investing in gold is like buying a backup controller lol
Dave, you won’t have to worry about us buying gold much longer, the big banks are buying it all up.
No they aren’t. That’s just more bullion dealer advertising
@@Kane6676bullion is constantly being bought in huge quantities by funds, family offices, pe,
@@Kane6676 BS. Look what other countries are doing. They're dumping the USD and buying gold - even they know what real money is.
People say fidgeting fingers while holding a pen is body language for nervousness while someone is saying a bold face LIE!
Those people clearly don't understand fidgeters. We are not inherently bad just because we like to be moving.
Why would Dave be lying about this?
@@superblump87 simple. Keep you in there private system. It's a CON game as in CONfidence.
@JONAS YRACHETA what private system of Dave's are you referring to?
@@superblump87 central banking planners and their derivatives and the product that is weaponized against humanity. Guess the product? His answers resemble those of a hedge fund.
The problem with gold is when you spend it then it’s gone. If you invest in chickens then it will produce eggs daily . Invest in something people need
Also don't have to feed gold though let's not forget that.
Dave gives terrible advice on this topic
Explain yourself.
Gold is an element, Gumby. (Number 79 on the Periodic Table of Elements). If you crush it, it stays as gold. Rocks crush into almost worthless sand and dust. Oil burns into CO2 and H2O.
So Ron Paul is someone I should not be listening to?
It is not a thing of fear but of protection for you and yours
Not really. If everything collapses, you're screwed whether you have gold or not
What's it like to have so much money you don't need it during retirement???
It means life is good!
Common thing when you save,invest,avoid debt,and live within means.
Pretty much guaranteed including early retirement if you start early and avoid marriage.
People leave inheritances all the time...
Daves rich but still works becasue he knows its boring to just go buy stuff lol we all wish we were rich but once you are rich you change how you think...Imagine being able to buy whatever you want within some reason whats next? working, lol
There is a range of other uses for diamond, many of them industrial. Saws with diamonds embedded in them are used to cut up roadways and masonry
Diamond can by synthesized from carbon, and it has become a cheap industrial commodity. This technology has been around for decades.
They’re as cheap as glass
He meant diamonds as investment which appreciates
Love dave but he is not understanding that the world has changed since 1988. He’s still stuck there
I mean Warren Buffet has the same view so I think Dave may be onto something here.
You’re arrogant
@@The.Dude.Abides. both have swam in the US global hegemony pool their whole lives.
The queen of England must've been poor, because she only had yellow colored rocks and no dollars🤣
Gold is a metal not a ceramic, aka “rock” 😂
Dave is a dinosaur. He rode the debt bubble and does not understand that his assets will go down and stay down for a long time.
He avoided the debt bubble completely.
@@amireallythatgrumpy6508 We’re still in the debt bubble. Plenty of data out there to prove it.
@@StackerJames I never said you aren't. I said DAVE avoided it.
@@amireallythatgrumpy6508 If you hold dollars, you are in the debt bubble.
@@Tomdiana That's simply false.
Gold has but one purpose to ensure that your money what it's worth today no matter the space value will buy the same amount of goods tomorrow. Equities, to that effect are far superior as far as an investment. I own a little gold only because I inherited it from family members that had invested in it, so I'm not out anything for having it, I don't look at it as an investment as much as I look at it as insurance and that is how anyone that buys gold should look at it but proper investing should put you MUCH further ahead. Of course Dave recommends against single stocks, but if people want to take advantage of the rise of gold the best choice would be gold companies that engage in mining buying into their stocks certainly in the long-run gold silver and other precious metals will have a much greater industrial value then it will have a financial value.
I always heard your portfolio should have around 10% in precious metals.
I hear a lot of bad advice. Do your own research and don’t listen to fear mongers.
@wholecoinnerd2138 It has nothing to do with fear and everything to do with being smart. Haven't you heard of that old saying don't put all of your eggs in one basket?
%100 you should always have precious metals
Yeah… from people who sell “precious” metals.
Do brass and lead count as precious metals? 😎
lololol When he said "It's a Rock..........that is yellow" hahahahaha. Yeah Gold today is useless.
Calling gold a rock shows both ignorance and arrogance.
Being American shows both ignorance and arrogance. What's your point?
Dave is misleading his audience! Another pathetic Jim Cramer! Dave is catering to his advertisers.
Which company do you sell precious metals for?
@@amireallythatgrumpy6508
I educate myself, as should you! I not paid by advertisers, unlike Dave Ramsey. If you want the Central Bankers to control you and your money then follow Dave. If not, get physical Gold & Silver!
@@sandysimpson3524 They'll still control you even if you havegold and silver. They will always control you and there is nothing you can do about it. Accept that.
Gold is a metal, not a rock.
“I don’t know much about it” bingo
He also said it’s what mainly broke people do.
My grandma always invested in gold bars and coins and when years after they got hit then she sold everything and live it off of it.
BAD BAD BAD EDVICE .. and you call yourself an investor
All fiat currencies go to zero, gold never has.
when did the dollar go to zero.
Gold has always been zero. Always.
In my late 30's, I am starting to invest in gold to add to family precious metal collection and hopefully enjoy in my twilight years.
I'll buy the white and yellow metallic rocks, thank you.
I just saw on Pawn Stars a guy brought in tons of silver bars. He bought them for 10,000 many years ago and sold them for 111,000. I came here to see what Dave would say. I’m so confused, people DO MAKE money with their silver and gold. I wonder if Dave means that if our economy ever collapses that gold and silver wont be worth anything. People will want food. That makes sense but as an investment it looks like people make money! Confused