Dave Ramsey is Great on … Pay Off your Debt & Stay there. Period !

@paulhare662

8 ай бұрын

I thought Davelike before the was a Dave until I had enough savings that I wanted to "hide" some of it.

My wife and I vowed to not risk losing anything after the 2008 crash and paid our house off. We watched our friends upgrade their houses several times and are brutally house-poor. You are correct, we are financially stress free.

@2is1gold

8 ай бұрын

That’s great. Cheers!

@onewayofliving

8 ай бұрын

except now, those upgraded houses have doubled or tripled in value.

@dpirkl4560

8 ай бұрын

​@@onewayoflivingfor now, how much do they owe on them? If housing drops 25 to 30% how many will be underwater after pulling equity out to remodel or just spent.

@edb3877

8 ай бұрын

@@onewayofliving Only if one wants to and can sell them. Saying that the value has doubled or tripled is smoke in the wind unless it puts money in your pocket. What usually happens is that such properties rise in value at the assessors office, raising your property tax bill. Your insurance premiums also seem likely to rise. These result in *less* money in your pocket, not more. Added to that, a new home buyer will be looking at an 8% mortgage, which is not at all appealing or affordable, especially when a 2.5-3% mortgage was available so recently for comparison.

@LegacyStacker

8 ай бұрын

Hi Jerome Schmidt! Yes, I paid off my house when I was in my 40's and it was the best decision I've ever made! 😎🏆

Crickets roasting on an o-pen fire... Jack frost busting all your pipes...

@2is1gold

8 ай бұрын

😄

I woke up to an offer for 3.5% off an ebay purchase. If I get my additional 1% for the card, that's 4.5% back on a double eagle I purchased. I believe that's VERY close to spot, for an AU double eagle. Sure, gold could correct lower. But I don't try to find the bottom, or freak out when gold/silver go up. But when I'm offered pretty much a spot deal for a coin I want anyway, I'm jumping on it lol I work hard for my money. And inflation threatens to erode my earnings. Gold/silver reflect a reasonable savings account over the long term. Since I'm also a coin collector, this is a no brainer. I'll trust the yellow metal more than the powers controlling our money. It's a good day! 😁🤜🤛

Dave lives in the old system. He won’t do well in the new one.

@user-st8bk4sk9i

8 ай бұрын

I thought gold and silver was the old one 🙂

@lv4077

2 ай бұрын

What’s the new one,borrow till you drop,debt is your friend,banks only care about you,debit is just a number,MMT is not only good for the government but great for individuals?

I used to listen to Dave Ramsey. He made sense to me 20 years ago. He is still doing shows so I assume a lot of people still listen to him. Gold is very expensive right now as far as I am concerned. I am on the sidelines for the moment. In my view, there is not much retail demand for gold right now. If you have no metals its time to buy. I believe that next year we are going to officially enter recession. Stock market is going down for the count at that time. There will be more banks closing. Interest rates will stay steady and high. Gold may turn down when stocks begin to turn down. Stack cash. There is lots of risk out there right now. Cash is not trash. If you are in debt I highly recommend that you tune in Dave Ramsey. You need his counselling. Precious metals are a luxury that only people who are debt free can afford.

@R4NDLL

8 ай бұрын

What metrics are you looking at that lead you to believe we're going into a recession? I'd like to look at them.

@exmarine268

8 ай бұрын

There are other better get out of debt programs than Ramsey. Crown Ministries is one. History shows gold soars when the market crashes- it is crypto that is tied to the market. Gold is the ONLY asset with no counter-party risk. Cash is getting destroyed by inflation- havent you noticed?

@bhargi4692

8 ай бұрын

Since we are in a recession, next year they'll admit it, does that mean we will actually be in a depression?

@R4NDLL

8 ай бұрын

@@bhargi4692 What stats are you looking at that lead you to believe we're in a recession? I'd like to look at them.

@bhargi4692

8 ай бұрын

@R4NDLL I'm looking at the layoffs, the real jobs lost (and part time jobs added), real estate price reductions, banks collapsing, unrealized losses corporations and central banks are sitting on, consumer debt, credit card defaults, car repossessions, people spending 30%+on mortgage, car payments, and the all around dismal looking economy.

I bet Ramsey owns gold and silver if he's a financial advisor they're all against it when the stock market dips and loses money gold and silver might just help you out in the long run

@user-st8bk4sk9i

8 ай бұрын

Agreed! He probably moves in and out of PM ETFs to hedge his other investments. But physical PMs - NO!

I made a lot of stupid money decisions and had bad spending habits as a young man. Thankfully I've learned from mistakes, corrected the problems, and things have been trending in a positive direction for my family for many years now. I hope the same for those that struggle. Happy Thanksgiving 2is1 and everyone.

@2is1gold

8 ай бұрын

Cheers!

@LegacyStacker

8 ай бұрын

Hi Boiler Matt! Yes, I have a whole playlist of videos on how to make your first million! Lessons I wish I would have told myself in my 20's! Instead of baby steps, I call them Giant Leaps! 😎🏆

@c.san.8751

8 ай бұрын

Way to go.

Great advice, slow and steady wins a race and panic buying (or selling) whether it be in stocks or gold is never a good idea. Thanks for posting.

@2is1gold

8 ай бұрын

🤜🤛

@c.san.8751

8 ай бұрын

Maybe before but the fiat currencies are almost dead. Real money is where people need to be not products designed by the very people that will steal it all.

I made some mistakes, Buying Gold was not one of them

One positive about Dave Ramsey is he does call out the predatory Reverse Mortgages. Though he wants people to buy houses in Cash. That is just not a real possibility for 99.99% of people especially since the average home price has doubled since 2008, yet Wages have not increased at all. A travesty.

@frankmiller4550

8 ай бұрын

Dave says to pay cash on a second house. He's ok with (some) mortgages (15 yr, fixed rate) on a house you're living in. Dave is opposed to mortgages on investment properties. That's actually what led him into financial ruin in his twenties.

Dave’s baby steps are good for people that are new to, or have issues with managing money. But if you’re reasonably responsible you can modify a lot of his principals and find success (eg credit card use for points, boosting retirement to 20-25% vs 15%, 6+ months emergency fund, don’t try to beat the market, etc). I look at gold as a hedge, like I do with guns!

Dave wouldn't like the Lake House I bought with my gold I've been staking for about 20 yrs. I'm loving it & so is my family😎. Thats what my goal was from the beginning. Now? I'll find a new dream to stack for👍

@2is1gold

8 ай бұрын

Ha! Fun haters just don't get it! Cheers!

@sandracrandall4561

8 ай бұрын

@@2is1gold ❤️

Dave helped me get out of debt several years ago. I have stocks and crypto, and cash for emergencies. Gold keeps me from buying dumb sh*t.

My truck (2005) and motorcycle are paid off. Zero credit card debt. I’ve lived in the same house for decades, and due to that, I have a mortgage half or a third of what most people in my area pay owing around $30K remaining principal. I keep my monthly expenses at minimal levels without numerous subscriptions and low cost internet. Made a few modest investments with the bit of spare money I have. Retired at age 58, but worked more OT than most of my peers when still working. It wasn’t easy getting here, but it was worth the haul

Prices are high. Don't fall for shills promoting "Good Friday Deals" on SD Bullion. Wait for the dip

I’ve listened to Dave over the last 20 years. Dave’s retirement fund is the books and programs he has sold.

🤜💥🤛I like Ramsey. He gives, in my opinion, great advice. I agree with about 90% of what he says. He’s just wrong about gold and silver. Nobody’s perfect. 👍

@2is1gold

8 ай бұрын

He does well in his lane.

@goldeneye70

8 ай бұрын

90% silver will be the most recognizable silver for barter and trade and that day is coming

@goldeneye70

8 ай бұрын

​@@2is1goldyeah but who cares if he does well in his lane, why does anyone care about that?

@goldeneye70

8 ай бұрын

Gold has a special power, it goes way beyond shiny things, gold is God's money, silver is God's money, it will be the only money we will be able to depend on in the coming months or even overnight

@erwina4738

7 ай бұрын

@@goldeneye70Lol you are going to be proven wrong. Gold and sliver isnt gods money first and for most. And second, we are not going back to bartering system, ever 😂😂

"Old Codger" You're being way too nice. Thanks for the video and have a great Thanksgiving Day.

@2is1gold

8 ай бұрын

Ha!

It amazes me how many people I know who spend lavishly during the good times, but are financially devastated during the lean times because they didn’t stash the cash when they could. Then they blame their predicament on the president, greedy banks etc. but never, ever, blame themselves.

@joshuakelleher-bw5dg

8 ай бұрын

I stash the cash and also blame the President for the financial state of America.

@beebob1279

8 ай бұрын

This is how people cope. Everyone else is at fault.

@joshuakelleher-bw5dg

8 ай бұрын

@@beebob1279so you think Biden is doing a great job then. Got it.

@beebob1279

8 ай бұрын

What are you talking about? I said nothing about Biden. @@joshuakelleher-bw5dg

@stuartstuart866

8 ай бұрын

@@joshuakelleher-bw5dg There is seldom an all good, or all bad president, the point is to have the flexibility to adjust during times of change. No single president, Republican or Democrat, in my 63 years of living, has ruined my life.

Dave Ramsey does seem to be a bit of of a grouch, but he's helped millions of people. Lately he's catching heat for his apparent ignorance about Bill Bengen's extensive research on withdrawal rates and the math behind it. Unfortunately, not a great look for Dave.

@2is1gold

8 ай бұрын

He doesn’t seem to enjoy what he does. Maybe the magic is gone. 😄

@USAFraimius

8 ай бұрын

Yeah, his comments that it is easy to beat the stock market average and his VERY aggressive withdrawal rate ideas don't check against a statistical look. He usually bases advice off of reality, so I'm not sure why he is so far off the mark here.

@c.san.8751

8 ай бұрын

He is stuck in the system of what made him. He does not realize that the world he lives in collapsing. All of his products that he pushes, mutual funds etc, will collapse. Like a herd of sheep falling off a cliff.

@TheBajamin

6 ай бұрын

Well it’s easy to say “Just don’t have debt and buy everything cash” when you have millions of $ from book deals and his wife’s inheritance worth millions.

Dave Ramsey has always disliked ALL PM's especially Gold & Silver, but LOVES fiat currencies. 🥴

@bamahama707

8 ай бұрын

Which have been worthless for decades...

@bigkennyboy3232

8 ай бұрын

Isn’t that strange? Dave claims the Christian perspective, and the Bible tells us all about gold and silver. And one could even believe that if God gave us all these resources on and in the earth, then surely, he gave us the gold and silver to use as money …. So why would Dave have an axe to grind over God’s answer to our money needs?

@c.san.8751

8 ай бұрын

He loves unsecured debt doesn't he!

@kienhwengtai8113

7 ай бұрын

Fiat currency is the mark of the beast.

@lennybrewster4673

7 ай бұрын

Dave is an ancient relic of a time long since passed. Aside from the basics of getting out of debt, his financial advice is as ancient as him. He makes money when you buy his retirement funds, that's why he dislikes everything else.

2 is 1 people should bye a bit of gold and silver ( bye slow and over time) if you can hold it for a few years) I'm not breaking the bank but precious metals is keeping pace unlike inflation and fake fiat currency

@2is1gold

8 ай бұрын

🤜🤛

Great advice and great info! Stay calm, don't bring any more stress than needed! Looking forward to some great deals coming up, thanks!

@2is1gold

8 ай бұрын

🤜🤛

Appreciate your insights and reason, Mr. Jones. Positive thoughts for you and those close to you.

@2is1gold

8 ай бұрын

Thank you! 🤜🤛

Great advice, thanks! Keep rolling!

Love your channel and perspective. I believe in all the doom however, I’m very calm with my metals purchase and see it much like you do. Savings outside the system plus being an Aussie, having Perth Mint here is awesome. Just picked up the new lunar dragons :) it can be fun as well as good practical sense.

Ramsey bashes gold & silver… Me: ok boomer

@2is1gold

8 ай бұрын

Ha!

Awesome advice

On Stacking: If you have c.c. debt, pay it off before buying ANY silver or gold. Average c.c. interest rate charged is around 22%! On Metals as Part of Your Portfolio (good rule of thumb): Below age 50, limit to max of 10% of total assets. After age 50, limit to max of 20% of total assets.

Actually, Dave Ramsey is clueless. The whole system we live under is based on debt take a look at the dollar. It even says it’s a note note is an IOU ! Our currency is based on IOU . Total Ponzi scheme. Right now the US government debt is so hard that we have to borrow money to pay the interest. Hey Dave, how does that system work? Gold and silver saved me once from ruin and allowed me to get back on my feet. Buy as you can . Start with silver much lower entry cost right now even with a slight premium it’s about $28 an ounce for a American eagle. Try to find a good coin shop or metals shop and develop a relationship become a steady customer. Just buy a few coins to start. You’ll be glad you did.

I’m very happy for you the US and CAN mints are reaching out to you for their promo! It shows they take your channel very seriously! Bravo to you Sir from Montreal!

I like putting your videos on to listen to in the background while im making jewelry. Working with gold and silver is my life

You had me going for a split second. Thought we were gonna get your family recipe for green bean casserole. Maybe next time.

@2is1gold

8 ай бұрын

Ha!

You r the man.

I am getting calm from looking at my stack. Cheers 🥂

I spent 15 years as a financial planner. You are one of the few who give good counsel on youtube. That you for that!

Always a voice of reason, that's why I'm here. Thanks for another .99999 fine video Sir.. Happy Thanksgiving to you and everyone in the comments. Life is good.......God Bless

@2is1gold

8 ай бұрын

Happy Thanksgiving!

Great points 👏

@2is1gold

8 ай бұрын

🤜🤛

I had no idea this stress was new. I went though this for 40 years. and WOW! I survived.

Good job on this. Dave's advice has seemed to me in recent years to be a bit controlled or compromised on some level. He is a hero to me in past years for guving great advice, I give him that. Slow and steady pickup going down today, for silver. Great Quote! I can see that Island being named for another one in recent years. Named after the one that didn't end himself. 😂 Have a great day.

@2is1gold

8 ай бұрын

You too!

Dave is going to look very foolish. He's kind of an absurd paradox in that he abhors debt yet seemingly loves fiat currency.

@foreman_spike

8 ай бұрын

Fiat currency doesn’t exist without debt

@MastaJP

8 ай бұрын

Preach!

@independenceday3764

8 ай бұрын

does that make him an oxymoron?

@raym9890

8 ай бұрын

Anomalous?😂

@davidmmm8

8 ай бұрын

Yeah it is what makes him live a Wealthy lifestyle.. The Fiat Dollar. The healthiest patient in the Hospital ward.

I'm amazed at how the system can always do something to plaster over the problems and calm the public. I hold some gold but I don't pay attention to people that recommend it based on fear.

@lennybrewster4673

7 ай бұрын

The system has to do that. If it told people the truth there would be a run on the banks and the system would collapse overnight.

Don’t those Buffalos get all scratched & dinged from the handling?

@2is1gold

8 ай бұрын

Nope.

@zayneunderwood1488

8 ай бұрын

​@@2is1gold he's a noob....

I love the classy and calm way you explain things 😊

@2is1gold

8 ай бұрын

Thank you 🤜🤛

Back in 97,98 I got interested in gold, even got a brochure from a precious metal company... But I really had no knowledge of the stuff, I was in my early 20's and the thought of buying gold kinda faded away, back then one oz of gold was around 300.00 I could have bought at least an ounce every 2 months, I would be rich right now, if you can afford it I say buy it.

I beat the rush and started my stack in 2013, a few OZ at a time as extra cash became available.

These last 2 videos have been the BEST videos on KZread this year hands down! Your kinda the only channel that makes sense most of them just babble on to get clicks and views. 🥃

@2is1gold

8 ай бұрын

Hey, thank you!

@jimmytwotone2127

8 ай бұрын

@@2is1gold What can I say you're the man!🥃

Well done as always sir. :-)

@2is1gold

8 ай бұрын

Thanks - Happy Holidays!

Got my ear muffs on when it comes to gold - buy when I think the price is right - sometimes I'm right other times I'm wrong longer term I believe it's a winning strategy

@dmo7815

8 ай бұрын

Major foreign powers have been stocking on PM for years now. I see it as a way to preserve wealth .

Always enjoy your videos! Happy Thanksgiving. 🦃

@2is1gold

8 ай бұрын

Thank you! Happy Thanksgiving!

The spot price on gold and silver is too high right now. If you already have some gold and silver stacked, wait for that spot price to come down. The Feds will surely pump up the dollar again in a few days, and that would cause gold and silver spot price to come down. Not a financial advice, so make your own smart decision.

Many good comments.

Sending this to new Stackers

@2is1gold

8 ай бұрын

Thanks!

I just look to metals for an insurance policy and diversification. I believe in investing in things that are real like metals, real estate, art, cars, and other physical items. Things I can touch, feel, hold, and protect myself. I'm not a big believer in paper assets and electronic digits floating in cyberspace. Ramsey isn't totally wrong. We live in a world with unlimited investment options. Metals are just 1 investment. I know a bunch of wealthy people that don't own any gold. To each his own I guess.

I'm just going to keep doing what I am doing...I'm retired and receive a pension every two weeks...so I pay myself first by buying at least $200 worth of silver to avoid shipping costs at most online dealers...and only during pullbacks aka the dips...and if the pullback is real significate...I will double my order that week...otherwise I just stay the course...and stay on budget...that's the most important part...never spend money that you're afraid of losing...your mindset should be...I've spent the money and it's gone...and you can't get it back...but when purchasing silver...yes your money's gone...but you have something to show for your spending efforts "God's Money"...and a no third party risk savings account...silver will never be worthless...because it is God's Money...smiles

Happy Thanksgiving to you my friend! 🦃90k soon!!!

@2is1gold

8 ай бұрын

Hey thanks. Happy Thanksgiving!

I used to listen to KZread channels as hinted, and whilst they’re not entirely wrong, it promotes unhealthy spending habits, buying precious metals can be quite addictive if you’re told you’ve only got a few months until CBDC’s come into effect. It’s better to get your current expenses in order because the way I see it, if you’re indebted to someone, you’ve lost your freedom.

Commodities work during recessionary times … so prior to COVID we had a long bull run, and commodities were last. Guess where we are right now? Everything runs in cycles, and gold and silver are high at the moment…. Over time they will be higher but to far up too fast means prices are high. Gold at 1700 is where I’m waiting … silver sub $20 … I am still a stacker …but at different times… equities are still my main focus!

I’ve hit or exceeded my stacking goals for the year and normally what goes on sale during Black Friday isn’t what I want to buy, so I’m planning on chilling for the rest of the year unless I find a special piece I’m looking for shows up, but that would mostly be numismatic.

In stressful times for personal finances, the best thing we could do is take measurements to reduce that stress. Own assets that holds value over time. Diversify among different asset classes. Exactly what asset classes you should invest in depends on how much money you have. Precious metals is a good alternative for one of those asset classes, but personally (because of the premiums on silver) I think gold is a better option.

@bamahama707

8 ай бұрын

Gold doesn't have premiums?

@Andreasy2

8 ай бұрын

Atleast gold is tax free which is not the case with silver in my country

@makingwaves1239

8 ай бұрын

@@bamahama707: Gold has premiums but we are talking about 4-5%. Silver in the other end I've seen from 20 and up to 80%. If you are buying silver at 80% premium to protect (some) of your wealth against inflation, it is like shooting yourself in the foot 🙂

@makingwaves1239

8 ай бұрын

@@Andreasy2 : Tax regulations is some of the things you need to take into consideration. They are different in different countries. Some countries have no taxes on coins, but they do tax gold/silver bars for instance. VAT that is. If you own many millions in gold coins, I am pretty sure that is taxed almost regardless where you live.

How do you feel about the old 90 % silver coins forstartijg a stack?

Hi 2 is 1! Yes, what D. doesn't understand is that saving in silver & gold is so much better! I guess you don't know that until you hold a piece of silver or gold in your hands! 😎🏆Saving my emergency fund in silver & gold, is my first Giant Leap (not a baby step).

@2is1gold

8 ай бұрын

🤜🤛

Bring on the deals and at the same time let me find somone to blam for the rise in spot

I'm taking advantage of all the holiday sales!

I’m surprise you didn’t have a quote from Jiminy cricket that said, please don’t eat me!!

I am in my 70’s been prepping and self sufficient for 50 plus years. You have got to have a disciplined savings plan. And you have to know for what purpose you want to save. If you have a short term goal then save cash. For a longer term goal, consider metals. If the lure of gold is strong, then for the long game go for it. And for pete’s sake get out of debt. Drive a clunker and clothe yourself from Good Will. Class comes from inside and developed and grown. Like gold, if genuine, its value runs deep.

I listen to him sometimes...when I think his advice makes sense...but I'm not in agreement on gold for me at least...I don't like much of his investment advice...but he is very right on debt

@2is1gold

8 ай бұрын

Yeah, when he’s in a certain lane, I think he makes a lot of sense. Cheers!

How do you get your money out if there is a blackout out or system is down you need cash for expenses or some sort of payment like precious metals

I’m holding for the moment. Have sold some collectibles. Taking advantage of some decent savings rates. Stockpiling cash. Have not sold any metals either. One eye on what I look at for everyday inflation. Holding and staying flexible.

Thank you sir as always great advice logical. The lady at ITM,and her uncle Al’s stories have been annoying me for the past 6 years at first I thought she might be sincere but I learned that she’s in it just to sell gold and silver specially for people that aren’t as informed.

Are your new videos no longer sponsored by SD Bullion? 🤔 I’d imagine telling people NOT to panic buy metals based on fear and doom news, would really piss off sponsors like SD Bullion. 🤣

@2is1gold

8 ай бұрын

Ha! SD is a sponsor, and they understand my approach. Buy it for the right reasons rather than the wrong. Cheers!

@RenegadeBastard

8 ай бұрын

@@2is1gold That’s why I’m subbed to ya. I appreciate your honesty and transparency. It’s rare to find on social media.

The JM gold bars still aren’t as low as the Costco deals. Costco has the market beat as of late, literally best bang for you buck.

Thank you for your balanced point of view. Gold is just a yellow metal, but what a metal. It's done well over the past years. Maybe Lynette Zang and Dave Ramsey should get together and drive each other crazy. We're lucky we've got you Mr 2is1. 😊👍

Dave Ramsey is good for a very particular audience. Specifically, people who are generally speaking living beyond their means.

@bigkennyboy3232

8 ай бұрын

Yes, young and foolish with no money skills. I took his class from church and it drove me crazy. I was way to advanced for his rookie teaching. It’s good for youngsters with no money “know how” but you can quickly outgrow Dave’s paradigm and need a more sophisticated approach. IMO, Dave is “Money 101”.

Can you give the link to those books?

Have been buying silver for a long time, but not too much on gold. I have been buying platinum as a substitute and 1/10 gold to start. But I've acquired huge amounts of silver. I don't buy to make a profit, but to preserve my ability to hold purchasing power and collateral for currency.

That nice lady makes a compelling argument about currency cycles and being at the end of one. Admittedly, I'm not savvy enough to refute the argument presently but I would love to hear your opinion.

Gold and silver is money great hedge for Me to each his own Like it or hate it it’s money period ty 2/1 well appreciated

@2is1gold

8 ай бұрын

🤜🤛

I’ve never listened to Ramsey but most of what I’ve heard seems pretty basic and smart. Stay out of debt you don’t need (like vacations you can’t afford), pay off your house (you gotta live somewhere), and have savings. I don’t really think he’s preaching about what to do after that because frankly most people won’t ever get that far. I’m 35 and I’m completely debt free mostly because I refuse to be house and car poor. What I have is nice but it isn’t the biggest or best however I get to basically do whatever I want and when I get dealt a bad hand (like a 4k medical bill last week for my wife) I can take care of it with no issues. I have some gold and silver as part of my emergency fund. I think it’s a good hedge plus coins are awesome 😎

Live below your means Amen

Great video brother thanks for the info happy thanksgiving My birthday is tomorrow 🥃🥃🥃

@2is1gold

8 ай бұрын

Hey, happy birthday Nate!

@calvincooper1122

8 ай бұрын

Happy Birthday 🎂

@sandracrandall4561

8 ай бұрын

Happy Birthday Nate🎉

It depends on when you purchase your gold and silver. As they say in the stock market. Timing is everything. April 2001 was pretty good timing if you wanted to purchase precious metals. Today, maybe not so much, but it depends on what you want to do.

Hey bro, did you get your Perth Lunar Dragon yet? I got a gold, 3 silver BUs, 1 silver proof and 1 2oz BU. I would have bought the colorized silver proof but it’s just ugly. It looks like some sort of clown dragon. In fact I was kind of disappointed with the design on the silver coin this year. I’ll flip them when the time is right. I’ll keep the gold though.

@2is1gold

8 ай бұрын

I did! kzread.infoa8vENzJUYzU

I know Mike Maloney have some doomer in him but he has some very good charts and ratio’s that he shares on his channel.

@2is1gold

8 ай бұрын

He's the least doomish doomer I know. 😄

Started saving 25 years ago made 45k on gold and I'm a small fry buyer

Thank god i watched it....right before this some guy in a basement told me to dump my fiat and buy silver😂. Really though great level video as always!!

@2is1gold

8 ай бұрын

Ha!

Hoping to get answered this time. I’ve been putting cash into the stock symbol GLD which seems to keep a 1-10 ratio to gold spot give or take. Is this ok? Or should I immediately swap what I have in that to the physical? I just feel it would be easier to unload. But not sure if it will maintain its spot value ratio?

@cluedin

8 ай бұрын

There are pro and cons to buying the etf over actual gold. I think it depends on your goals. If you just want to ride the price of gold, buy the etf. If you feel better about owning the physical, buy it with storage etc

@Slamscape

8 ай бұрын

@@cluedin just looking for safe haven for potential market crashes. Or hyperinflation, which will be a likely outcome of all this Massive nation debt.

“Remember what we’re looking at. Gold is a currency. It is still, by all evidence, a premier currency. No fiat currency, including the dollar, can match it.” - former Fed President Alan Greenspan, November 2014 I can only wonder if Dave Ramsey the supposed financial guru extraordinaire reads this stuff tho!

Get what you think you need to feel like you've got the job done, (for me it was 1000 S. and 25 G.) and then it's just a stoic march onwards forever slowly accumulating more. Take your time enjoy the journey.

in 2004 when i got out of high school gold was around 350, now look at it. up 6x the amount it was. Inflation is always going to protect gold. as long as they make funny money

All these financial guys say one thing and do something else quietly. Bet he has gold, and no small amount. Either way, Nice job covering this one..... 👍

Gold has returned 7.78% since 1971 when the US went off the gold standard, beating out everything except for US equities which have returned around 10% over a 30 year average. If you're in it for the long haul gold can be a good investment.

Hello 👋👋 In my country Inflation touching 40% . We have poor and low middle class at least 40% .. Others are either upper middle class or middle class. And of course few Rich class Maybe 5%. Bottom line people anywhere in the world 🌎 own ( farming lands or Real Estate+ Gold Builions) They are doing excellent 👌.

Black Friday deals are only as good as the future spot price.

@2is1gold

8 ай бұрын

We have a few days to watch yet. 🦃🚀

The 2009 Proof is awesome and should be in any gold stackers collection.

@2is1gold

8 ай бұрын

One of my favorites for sure. Cheers!

I think I am done with precious metal purchases. I am semi-retired and living debt free with a positive monthly cash flow. I have enough of everything and love giving to those in need. I second the Dave R. is annoying vote. But he did help my son get our of all but mortgage debt. And Dave is worth over half a billion, so you have to give him some respect.

So the gold eagle 1oz costs around $200 more than the current price of gold. That's a 10 percent loss right off the bat if I buy for an investment.

What exactly is a financial decision? It cant mean literally every decision concerning spending money right? So what is it in simple terms?

At the moment I am only stressed out because of high Junk Silver prices.

@c.san.8751

8 ай бұрын

lol funny but buy anyway because it means that dollar is dying.