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

7 күн 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

7 күн бұрын

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

@gregorywhem

7 күн бұрын

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

@cloudyblaze7916

7 күн 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

7 күн бұрын

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

Considering the current market uncertainty, it appears prudent to consider investing in gold or a gold ETF. I'm contemplating allocating over $300k for retirement purposes. While the potential for short-term gains in a bullish market is enticing, I recognize the importance of maintaining a long-term investment strategy.

@StacieBMui

28 күн бұрын

Gold is seen as a safe bet during economic ups and downs. But investing in it can be tricky. Some people lose money because they don't understand how it works. So, it's wise to be careful. I suggest talking to a financial advisor who can help you figure out when to buy and sell.

@Wellerpage

28 күн 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.

@LiaStrings

28 күн 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?

@Wellerpage

28 күн бұрын

Sharon Lee Peoples is the licensed advisor I use. Just search the name. You’d find necessary details to work with to set up an appointment.

@crystalcassandra5597

21 күн бұрын

I just googled her and I'm really impressed with her credentials; I reached out to her since I need all the assistance I can get. I just scheduled a caII.

At the beginning of the year, I have continued to purchase a few equities, but nothing significant. Why am I being so unkind to this? The fact that others in my field make six figures each piece, nevertheless, motivates me to want to be the first member of my polygamous family to earn a million dollars. I am fully aware of the expense of working more to get more money.

@HildaBennet

Ай бұрын

If the market has taught me anything, it's that it typically makes a comeback, but I can't seem to focus on the long term, particularly because crucial factors like my retirement and my reserve are having a devastating influence on inflation. As soon as is practical, I need a solution and a data trajectory that I can trust.

@FinnBraylon

Ай бұрын

On the contrary, even if you’re not skilled, it is still possible to hire one. I am a project manager and my personal port-folio of approximately $750k took a big hit in April due to the crash. I quickly got in touch with a financial-planner that devised a defensive strategy to protect and profit from my port-folio this red season. I’ve made over $150k since then

@PennyBergeron-os4ch

Ай бұрын

Due to the significant falls, I need advice on how to rebuild my portfolio and develop more successful tactics. Where can I find this teacher?

@FinnBraylon

Ай бұрын

SONYA LEE MITCHELL is the manager I use. Just research the name. You'd find necessary details to set up an appointment.

@PennyBergeron-os4ch

Ай бұрын

I just googled her and I'm really impressed with her credentials; I reached out to her since I need all the assistance I can get. I just scheduled a caII.

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

@LloydsofRochester

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

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

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

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.

@Tronmaster9000

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.

Gold is money. Everything else is credit.

@THEBIGGESTSCUMBAG

Жыл бұрын

TBH

@stonecutter74

Жыл бұрын

Quote JP Morgan

@QuadTap

Жыл бұрын

@@stonecutter74 correct

@DrSchor

Жыл бұрын

said just one guy

@zootallure4819

Жыл бұрын

Have you tasted your metal lately?

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

@elitefitness341

Жыл бұрын

💯💪

@Mr-pn2eh

Жыл бұрын

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

@MarchOfMonarchs

Жыл бұрын

is here really?

@OPTIONALWATCH

Жыл бұрын

Dave is a nuthead🤦‍♂ Keep stacking!

@delav83

7 ай бұрын

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

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!

@user-rb6jg6bj2i

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.

@user-dx4sc3vg9y

Жыл бұрын

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

@user-rb6jg6bj2i

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.

@user-rb6jg6bj2i

Жыл бұрын

google his name

@user-rb6jg6bj2i

Жыл бұрын

Yuval Eric Brokman

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

2 жыл бұрын

Buy shares of a farm

@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

Жыл бұрын

The MOO coin

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

@muckeyduck3472

7 ай бұрын

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

@shadowstorm5261

6 ай 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

4 ай бұрын

@@muckeyduck3472 Well said.

@Redwhiteandbluedildo

4 күн бұрын

That's deep

Not having any metals exposure in this environment is insane

@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

2 жыл бұрын

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

@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

2 жыл бұрын

Unless you collect auto catalytic converters!

@jmm1817

2 жыл бұрын

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

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

@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

2 жыл бұрын

Of course it has value.

@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

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

Жыл бұрын

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

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

@ASimoneau

2 жыл бұрын

Valuable to who?

@frankmundo4300

2 жыл бұрын

Electronics

@nhfanful

2 жыл бұрын

@@ASimoneau To anyone with a pulse

@ASimoneau

2 жыл бұрын

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

@sam.lipchutz

2 жыл бұрын

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

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

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

2 жыл бұрын

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

@itrebor

2 жыл бұрын

@@EDUAROSOLAS not during a recession

@dietarydigest

6 ай бұрын

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

@Pirateslifeformematey

5 ай бұрын

No diversity is crap that's the same woke shii they talk about diversity and inclusion nonsense

@3360274

9 күн бұрын

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

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

@dennisyurconis742

2 жыл бұрын

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

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

@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

2 жыл бұрын

@@cybertrk Morality lol...

@skyjumper8652

4 ай бұрын

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

@nickcat95

2 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

Ай бұрын

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

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

@J.Anita24

2 жыл бұрын

🤣🤣🤣 His Nashville is coming out!

@frenchyalicea649

2 жыл бұрын

Said it with a draw as well...

@goldgeologist5320

3 ай бұрын

I would add bags of rice and beans.

@LloydsofRochester

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

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.

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

@Chronically_ChiII

Жыл бұрын

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

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

2 жыл бұрын

Everything except wages 😂

@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

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

Жыл бұрын

You mean a Lobotomy

@charlescasaburi5333

9 ай 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

5 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

5 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

5 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

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

@amireallythatgrumpy6508

11 ай бұрын

Money does not exist.

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

Жыл бұрын

I agree 100%

@nonya68

9 ай бұрын

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

@EMan-cu5zo

Ай бұрын

@@nonya68you keep it with you.

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

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

@silverman5707

2 жыл бұрын

Yes and the Federal Reserve knows all about inflation.

@silverman5707

2 жыл бұрын

Since 1913.

@alexiskreiger

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.

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

@amireallythatgrumpy6508

11 ай бұрын

Answer: They aren't.

@connoryaps

4 ай бұрын

answer: they all are.@@amireallythatgrumpy6508

@golferprice

3 ай бұрын

they are@@amireallythatgrumpy6508

Printing and spending money like no tomorrow gets little mention.

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

2 жыл бұрын

Yep

@bobbenoit8470

2 жыл бұрын

You are exactly right

@hanschitzlinger3676

2 жыл бұрын

Nailed it

@BlakeBake

2 жыл бұрын

Holding the dollar uninvested yes.

@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.

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

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.

@sherryie2

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.

@McElvinn

Жыл бұрын

@@sherryie2 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?

@sherryie2

Жыл бұрын

@@McElvinn 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

@McElvinn

Жыл бұрын

@@sherryie2 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

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

@elitefitness341

Жыл бұрын

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

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

@geod3589

9 ай бұрын

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

@swiftmovers3827

3 ай бұрын

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

@alquinn8576

4 күн 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

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

@why6212

2 жыл бұрын

Because the central banks know paper money isnt real

@slhines7

2 жыл бұрын

"Tradition" - Ben Bernanke 🥴

@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

2 жыл бұрын

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

@goldandsilverstack3

2 жыл бұрын

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

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

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

2 жыл бұрын

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

@gratefultrucker7781

2 жыл бұрын

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

@km3106

2 жыл бұрын

@@123ewell I hope your being Sarcastic.

@phazon100

2 жыл бұрын

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

@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.

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.

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

@thinkforyourself9334

2 жыл бұрын

Inflation is up all over the world

@TheWaggishAmerican

2 жыл бұрын

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

@jrwntctv8091

2 жыл бұрын

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

@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

2 жыл бұрын

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

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

8 ай 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

8 ай 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

8 ай бұрын

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

@AddilynTuffin

8 ай 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

8 ай бұрын

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

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

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

Жыл бұрын

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

@nicolecarnevale3226

6 ай бұрын

Exactly……

@bobjohnson4459

5 ай бұрын

Crypto

investing requires good experience and knowledge to carry out a good and successful trade, I have lost a lot trying to trade all by myself May I ask which investments are good??>>>>>>,.,.,

@Annis-co7vu

2 ай бұрын

I understand your concerns, my friend. I recommend exploring passive index fund investing and expanding your knowledge in this area. Personally, I experienced both successes and challenges when initially seeking a reliable passive income......,,.,.,.

@AudraZapoticky55

2 ай бұрын

how do I get in touch with this consultant that assist??>>>>

@Annis-co7vu

2 ай бұрын

STEPHANIE KOPP MEEKS, that's whom i work with look her

@AudraZapoticky55

2 ай бұрын

Thanks for these recommendations.....,,,

@LloydsofRochester

Ай бұрын

BOT

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

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.

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

@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

2 жыл бұрын

Hahaha!!!

@Anthony-db7cs

2 жыл бұрын

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

@xix967_5

2 жыл бұрын

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

@mikaelarkanghel5094

2 жыл бұрын

@@Anthony-db7cs yes like you.

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

2 ай бұрын

Or James Rickards, or Peter Schiff.

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

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

2 жыл бұрын

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

@waterheaterservices

2 жыл бұрын

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

@ajones8008

2 жыл бұрын

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

@CraveThatCoin

2 жыл бұрын

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

@jdsheleg8332

2 жыл бұрын

And you said you have how many millions in metals?

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.

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.

Gold has been present since biblical times.

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

@jimmysapien9961

Жыл бұрын

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

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

2 жыл бұрын

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

@fhuber7507

2 жыл бұрын

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

@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

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.

@samburns2516

Жыл бұрын

Salt will become extremely valuable in that scenario

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.

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

@stopthethreat

Жыл бұрын

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

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

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

2 жыл бұрын

😆

@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

2 жыл бұрын

Dramatic much

@Dread_Pirate_Homesteader

2 жыл бұрын

@@rjii3264 no people like you enjoy staying asleep

@Anthony-db7cs

2 жыл бұрын

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

Dave hasn't studied further back than his lifetime. History is pretty clear

@PeterWDunn-of5fs

11 күн 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.

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.

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

9 ай бұрын

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

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

@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

2 жыл бұрын

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

@aaront936

2 жыл бұрын

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

@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.

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

2 жыл бұрын

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

@KattBon

2 жыл бұрын

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

@OgFurious1

2 жыл бұрын

Bitcorn

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

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.

Over creation of paper money creates inflation

“Things don’t have intrinsic value, they only are valued because other people want them.” Well shoot man you could say that about just about anything if you play mental gymnastics with defining the word ‘value’ all day.

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

@amireallythatgrumpy6508

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!

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?

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

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

@panpluto13

2 жыл бұрын

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

@Angelo80907

2 жыл бұрын

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

@todd2456

2 жыл бұрын

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

@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

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

... 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

2 жыл бұрын

Not really it’s based on reality

@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.

Very few economists recommend that you have zero precious metals

Dave better get you prescription checked…

@goldandsilverstack3

2 жыл бұрын

Lol for reals.

@blackworldtraveler3711

2 жыл бұрын

Check your debt.

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

Жыл бұрын

There was not a disagreement

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

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.

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

11 ай бұрын

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

The excess printing of money also caused inflation.

@DrSchor

Жыл бұрын

what does it cause besides inflation

Protect your wealth with some allocation of metals...

Real estate is Land. Land is made up of rocks

Hey Dave, why only 10 years on those relative returns? Why not 15? Oh wait....

@silverman5707

2 жыл бұрын

Yes, 20 would have been an entirely different percentage.

@alquinn8576

4 күн бұрын

stocks win on nearly every time-scale, though I'm sure you can cherrypick some examples where this isn't the case

@mr220v

3 күн бұрын

@@alquinn8576 That's true, but in this particular case, Dave's advice cost this guy a 20-25% gain. There are times when it's good to be in gold and gold stocks. Say when Saudi Arabia ends the Petrodollar for example.

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.

Did the real estate or the ramsey show initiate the wealth? I believe you’ve said real estate in the past. Do you recommend small homes even mobile homes to turn a quick profit?

So if I buy $100k in gas I can store it in a safe at home, and in 30 years time I can resell it? Also, using the theory of everything going to sh*t, pretty sure no-one is going to be buying your real estate 😂

So you're saying the restrictions on fossil fuel production leading to the elevated price of gas oil and diesel, have no effects on the price of commerce of goods, steel and auto production? Okey dokey Dave. You're the wealthy expert.

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

2 жыл бұрын

Quite a reality we find ourselves in...

@jimmysapien9961

Жыл бұрын

Welcome to the 21-Century

@geod3589

9 ай бұрын

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

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

Nothing wrong with having a little gold and silver! As longest you also have other investments.

so we just ignore Milton Friedman, got it.

I disagree at the end....he needs to read up on the NWO and WEF.

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'.

Why does he always talk about diamonds when people talk about gold and silver. Gold and silver can be seen as both commodities (his position) AND wealth/real money (historical position). Nobody is advocating for stacking diamonds for wealth! 💎

It’s definitely worth what you pay for it ,can sell it all day what you paid for it .

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

10 ай бұрын

Gold and silver are not money. Money doesn't actually exist at all. Time you grasped that.

@zacharyarco8464

9 ай 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.

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

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.

200 million dollar man never heard of a thing called rarity

@silverman5707

2 жыл бұрын

Yes, using himself as an example was a bad idea. Average income is something like $60k.

Inflation because of all the printing of cash which is what he is all about.

Space ships and satellites are made with quite a bit of gold dave. No intrinsic value? Gold seems to be the preferred electrical conductor of quality electronics everywhere.

@jacksmith7576

10 ай бұрын

Space does not exist and neither do space ships... Nasa = Money laundering... Nasa Is Satan

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

6 күн 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.

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

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

I wouldn’t invest in gold either if I was in my late 60s and had the money already…don’t listen to this guy. He was born with money and made most his cash off books and entertainment. Show me money from investment…can’t believe he said invest in gasoline instead of gold

Gold & Silver are used in the industry so they do use & value. I think when it comes to precious metals, Dave has a one track mind. If Gold & silver are worthless then why do the central banks accumulate so much every year?