In 1873, a $20 gold piece would purchase a state of the art firearm. Today, in 2023 (150 years later), it still will. That is an inflation defeater.

@jimflowers6455

8 ай бұрын

According to the NGC Price Guide, as of September 2023, a $20 Liberty Head from 1873 in circulated condition is worth between $1990 and $5500.

@dungeonmaster6292

8 ай бұрын

Your casting pearls before the Ramsey swine my man

@amireallythatgrumpy6508

8 ай бұрын

Firearms didn't exist in 1873.

@jimflowers6455

8 ай бұрын

@@amireallythatgrumpy6508 You’re asserting that?

@amireallythatgrumpy6508

8 ай бұрын

Yes, since you delusional Americans are always wrong.@@jimflowers6455

I feel there’s a bit of cherry picking going on. Gold is up 20x since 1976 but only 1.3x since 1980 so yeah which are you gonna look at? It’s also up 7x since 2001 so when did you get in, and when did you get out?

I realized that Gold Fever was problematic when reading about the Gold Rush Era and there was a comment that the people who really got rich during the rush to find buried gold or silver were the people who sold the equipment to the prospectors.

@thejokerspeaks

8 ай бұрын

That's like saying cash is problematic because you heard about someone throwing their back out searching couches looking for free change.

@kbanghart

8 ай бұрын

​@@thejokerspeaksnot really

@kbanghart

8 ай бұрын

Exactly, like Levi's made out like bandits because they got to sell jeans to all the prospectors

Comparing to the previous top is as valid as comparing it to the previous low.

Dave timed this video perfectly with the dip in 🪙 price to support his views. The dollar today is worth 1/100 of its value in 1913. 🪙 has increased 100x in price since 1913. Pretty good hedge if you ask me. Dave's an old dog who cant learn new tricks.

@penguin12902

6 ай бұрын

According to your post, gold has not gained any value since 1913. The dollar you bought that gold with in 1913 lost the same amount of value that the gold "gained"....so gold just held. It did absolutely nothing. Wow...great trick. Invest for 100 years and get nothing in return.

@goated4eva

6 ай бұрын

@@penguin12902 it's purpose is to hold value, a safe move, not a move to grow wealth and get rich.

So why does the federal reserve have all that gold locked up?

@austintomkewitz3981

8 ай бұрын

Good Question no answer

@whatevergoesforme5129

8 ай бұрын

The truth is gold has intrinsic value that Dave and his fans do not understand. It is not really an investment and the USD used to be backed by gold before like many currencies in the world. In the past, gold and silver were used for transactions and kings looted other kingdoms for the latter's gold and silver. If the US will experience being war torn like many countries, abroad, Americans will realize why gold and silver have value like those in the periodic table. Smugglers accept gold and silver in war torn countries. Fiat money, on the other hand, can become worthless like in Weimar Germany, Argentina, Venezuela, and Zimbabwe.

@scottv3711

8 ай бұрын

@@whatevergoesforme5129 appears banks also manipulate the price. I’ll keep my rocks for now.

@amireallythatgrumpy6508

8 ай бұрын

No it doesn't. The only value gold has is that projected on it by human stupidity.@@whatevergoesforme5129

@alinatamashevich3354

8 ай бұрын

They don't. They print money and loan it to the USA at interest due.

I like Gold~ I have 2% gold (physical gold) in my portfolio on top of my emergency fund (it’s pretty to look at too 😂) …. It’s not an investment (I mean stocks definitely perform so much better long run) .. it’s more of a cash alternative and I think it has its place in a portfolio for diversification. I mean when bonds and stocks haven’t performed so well during war (recent years), gold has done generally fine and kind of makes u feel not so terrible that all ur assets have plummeted … it’s like having some cash on hand when it’s rough outside to make u feel better so u aren’t scared and run out off the stock market.. helps me stay my course for long term investing

@mattbenz99

8 ай бұрын

There are studies on gold as an inflation hedge. They have found that it only actually works as one over periods of several centuries. This is why the Old Money and institutions like Harvard buy it. But for an average investor who only needs to worry about decades, it is basically just pure speculation.

@Bethehustler96

5 ай бұрын

Centuries? Do some math brother. In 1920 10 kilos of gold could buy you the average American home. In 1956 10 kilos of gold could buy you an average American home. In 1984 8 kilos of gold could buy the average American home. In 1996 10 kilos could buy you the average home. Today 7 kilos could buy you the average American house. I’m not saying to buy 500k of gold right now but having a small percentage of your portfolio for wealth preservation and as a safety net is a proven safe strategy.

When your faith is in the current system, you get that kind of discussion 😂😂😂

How much gold did the fed print this year?

@RusskiCommieBot

8 ай бұрын

Zero, but they did double the base currency supply in the last three years. Got to give somebody credit for causing prices to double.

@amireallythatgrumpy6508

8 ай бұрын

They didn't bother because they know it's worthless

@IanMikrut

15 күн бұрын

​@@amireallythatgrumpy6508Than why does the Federal reserve hold all that Gold if it worthless?

Know what else performs terribly compared to inflation over time? Cash. Gold isn’t an alternative to stocks, it’s an alternative to cash. And relative to cash, gold adds diversification. But most people shouldn’t hold a meaningfully large amount of cash or “cash-like” assets over a long period of time. And so gold as a part of your portfolio is immaterial, and so I don’t suggest owning it. But, in the rare case that someone has to hold a large part of their wealth in a cash-like investment over a long period of time, gold is a good asset alongside cash.

@jakevalinho9911

8 ай бұрын

Me when I eat gold and heat my house with gold during the ACTUALLY hard economic times@@benbennington8859

@mcmarshall001

8 ай бұрын

so are treasuries. But let's be honest the VAST majority of people will use gold as an investment and not as a cash alternative. They feel it is an investment, the average American feels they are investment and that it will get them to retirement because their neighbor told them to or the news said so, specially when they tell them that the dollar is going to fail. This normally happens similar to when big companies start selling their positions to short them and buy them back cheap. People make money out of fear from other people

@whatevergoesforme5129

8 ай бұрын

@@benbennington8859 The gold I own is just jewelry handed down to me by my mom and aunts. You are right about gold having intrinsic value that many fans of Dave do not understand because they don't know much about world history and what is happening to countries outside the US. IN war torn countries, gold and silver still have value while fiat money has become worthless. Anything on the periodic table has intrinsic value, in my opinion. Fiat money has no intrinsic value but only operates in a world where the economy is stable and not torn by war or severe economic strife. Plus many have forgotten that the USD used to be backed by gold in the past and why kingdoms ransacked other kingdoms for their gold and silver. For me, I don't see gold or silver as an investment but something that can be used as a replacement for money when needed.

@brett4932

8 ай бұрын

You'd have better rate of return buying and holding raw land that you pay taxes on annually and collect zero income on over a long-period of time than holding gold. Gold is absolute trash. Not to mention the gold market is inflated to an enormous degree just like the diamond market is. Fake scarcity and large corporations spoofing prices to lure in idiots who believe it's an investment and charge them outrageous fees to hold "their" gold. If you buy gold, you deserve the swindling you're getting.

@lolwtnick4362

8 ай бұрын

​@@benbennington8859weird because gold value is based off of... dollar value. soo it's exactly the same

If someone has a 6 month emergency fund in cash and another 6 month emergency fund worth of gold and you let both of those sit, the gold will retain its value over the cash. It’s that simple. Investments are great to have. Everyone should do it, ESPECIALLY if you have a company match. Free money and compound interest is fantastic! Gold/silver and mutual funds are very different. Growing your cash is not the only consideration. Having accessible cash is another. Maintaining the value of the money is another. There are trade-offs to each contingent, but they all have a place. This shouldn’t be hard to understand.

@austintomkewitz3981

8 ай бұрын

Cash pays about 5.4% in Vanguards money market account currently so contrary to popular believe cash reserves can actually be an investment when interest rates are high enough

I’ve put small amounts of gold and silver aside over the years, but I don’t buy bullion, I find gold and silver jewelry cheap at garage sales, and sometimes have scored silver coins from the bank for the face value (as in $1 for a silver dollar). It’s cost me pennies on the dollar to own, which I keep as part of my emergency fund, and also sometimes dip into to give gifts. I bought a big jar of jewelry from a garage sale for $4 and found it had an 18k gold ring with four diamonds and an 18k chain, I had the ring resized and gave to the wife. It was appraised at $1400. It’s the only way I justify owning any precious metals.

@lolwtnick4362

8 ай бұрын

appraised? the only ones you should trust are at pawn shops.

@stephens3845

3 ай бұрын

Dude, time to quit the subtle tactics and go hard at precious metals. We've got a few months now at best.

I like Kevin O'Leary's guideline he uses, no more than 5% in commodities as a hedge against all odds. He'd rather invest in gold mining companies

@ticklefights

8 ай бұрын

The trick with gold is that it isn't an inflation hedge, but is a hyperinflation hedge. If they ran this same analysis in Venezuela with the Venezuelan stock market it becomes much clearer.

@CurieBohr

8 ай бұрын

He’s reducing gold and heavily increasing bitcoin.

@A_barrel

8 ай бұрын

@@ticklefights that is kinda true, but if you look to Lebanon, they used usd, euro, and other currency. But the government locked down bank accounts and you couldn't get paper money. So the most valuable thing people could have was paper usd or paper Lira, gold was only used to buy real estate or an apartment, very large things

@ticklefights

8 ай бұрын

@@A_barrel Yes, 100%. Gold doesn't do very well when things are working well. It does much better when things aren't working well. I'd still rather have Bitcoin these days but the idea that owning gold is stupid is an idea shared only by people who don't know much about history.

Mr. Ramsey is correct in comparison of returns. However, he misunderstands what gold is, which is money. He should compare gold to USD, the Sterling, and other national currencies.

@isaacbarret3454

8 ай бұрын

What do you personally buy or sell for gold?

@TonyCox1351

8 ай бұрын

@@isaacbarret3454 he uses his gold to buy dollars then he uses those dollars to buy things lol

@whatevergoesforme5129

8 ай бұрын

People have forgotten about the dollar being backed by gold in the past. Otherwise, it is just a piece of paper. And yes, gold has been used as money in the past but people nowadays have forgotten about gold and silver coins LOL. Plus in war torn countries, gold and silver had been used to buy goods since smugglers did accept them as payment. That was why people flee their war torn homes with their golden jewelry or silver spoons.

@mannyjeanpierre4062

8 ай бұрын

But thats his point. As a protection against inflation, as an investment or as a savings it sucks lol. Horrible returns, cannot be exchanged in an emergency and is an opportunity cost

@thementat9338

8 ай бұрын

@@mannyjeanpierre4062 Mr. Ramsey compares it against the wrong stuff, hence his lack of understanding of it. Furthermore, it is always easy to pick up specific date ranges. If you measure gold from 1971 - 1980 or from 2002 to present day, I believe its returns are greater than most stock indexes. Remember that gold is a store of economic energy while stocks valuations depend on future expenditure of labor and energy. I think a much informed approach would be to state that in certain time frames, gold is likely to do better or a much lower risk. Remember that gold was worth something centuries in millenniums ago and still does. A lot of currencies, stocks, bonds (government or otherwise), disappeared and are worth nothing. In this sense, keeping a certain portion of your wealth in gold (and to lesser extent silver), can preserve your wealth or act as an "insurance". P.S. If you go to the USA financial statement online, and value its gold holding to current market value, you'll find that somewhere between 40%-70% (I don't remember the exact amount) of USA reserve value is in gold. Gold cannot go bankrupt and isn't a credit instrument.

$800 was at the top of a mania during an unprecedented economic downturn. Very interesting to pick this point arbitrarily and then conclude that if you had bought at the top, you would not have "much of an inflation hedge."

@markanthony2495

8 ай бұрын

LOL yes. Suppose the author had compared gold to the S&P 500 from 2003 to 2023. What kind of results then? Oh wait gold did better?

@mathematician1234

8 ай бұрын

Rate of return on gold 2003-2023 approx. 8% pa. Rate of return on S&P 2003-2023 approx. 10% (incl. dividends) pa. U.S. Inflation rate average 2003-2023 approx. 2.5% pa.

@markanthony2495

8 ай бұрын

@@mathematician1234 :). Thanks for weighing in. My point being its not so stupid. And gold also has the potential to go nuts under the right circumstances. I would not want to be the guy that has no gold exposure in 2024 and 2025.

@mathematician1234

8 ай бұрын

@@markanthony2495I agree. It's not stupid to own gold. I own a little via a gold ETF. Yes, absolutely, gold has the potential to skyrocket under the right circumstances. I do think the time period they picked here made gold look particularly bad. For balance, they should have picked the best and worst entry points of the last 10, 20, or 30 years and shown the competing returns. Maybe I will go figure that out and report back.

@zachrandall7506

6 ай бұрын

He looked at a 40+ year period. Gold is an awful investment

Thanks Dave, this has stuff I've heard and has always increased my anxiety.

Loved listening to that analysis. Well done

I would love to see a debate between Dave Ramsey vs Peter Schiff on gold. 🤣😆

@ThePeterDislikeShow

3 ай бұрын

I personally call Peter Schiff's show "The Peter Shitshow".

Among the conservative thinkers, Dave stands out as a skeptic of gold. I am pleasantly surprised by this. He has retained his mathematical objectivity with respect to gold, and hasn't given into the irrational ideology of buying gold.

@TheAhmedvienna

8 ай бұрын

Dave doesn’t understand gold.

@LittleMopeHead

8 ай бұрын

I'm surprised you are surprised by this. Dave is saying there are other better investments than gold. E.g. in 45 years, you basically doubled your investment in gold when you could have tripled, quadrupled, etc. it in other investments.

@patmclaughlin107

8 ай бұрын

@@LittleMopeHead Yeah. I am agreeing with the math. I am just appreciating Dave for not going with the conservative crowd just for ideology on this. Math is the same regardless of one's ideology, and kudos to Dave for his intellectual integrity on this.

@jimroscovius

8 ай бұрын

​@@TheAhmedviennaHe understands its a crappy investment, which it is.

@jimroscovius

8 ай бұрын

​@@TheAhmedviennaDid you even listen? The article explained it clearly. Maybe you're the one who doesn't understand.

The South Korean government asked SK citizens to donate their gold in whatever form in order to repay their international loans in the late 1990s. In war torn countries, people used gold in whatever form to buy whatever they need. Gold has intrinsic value while fiat currency can become worthless. Look at Argentina or Venezuela or Zimbabwe right now and Germany before World War 2. Having gold should not be viewed as similar to having stocks. And there is a reason why in the past currencies were backed by gold and why other countries are making sure they have enough or a lot of gold reserves.

@ToastbackWhale

8 ай бұрын

Gold is just as worthless as the dollar unless you’re making electronics. I can’t eat gold, can’t drink it, can’t use it to take wild game. The only reasons it had “value” historically are because it’s shiny and doesn’t corrode. These days, just like the dollar, it’s only valuable because other people want it.

@dungeonmaster6292

8 ай бұрын

You're casting pearls before swine in these YT vids

@amireallythatgrumpy6508

8 ай бұрын

Gold does not have "intrinsic value". Its only value is that projected on it by human stupidity.

@dungeonmaster6292

8 ай бұрын

@@amireallythatgrumpy6508 have you ever held 20 oz of gold in your hands?

@whatevergoesforme5129

8 ай бұрын

@@amireallythatgrumpy6508 Gold has intrinsic value (relearn your PERIODIC TABLE) because it has been used to make jewelry and has been used by industries needing gold for materials. It is metal like iron and steel so it has value. Do you know that fiat money is the one with value being projected on by human "stupidity" as you say LOL? It is just paper but the value is in trusting the government issuing the paper money. Once war breaks down the economy, paper money is useless. In the past gold and silver were used to mint coins that were used for transaction. And no, I don't invest in gold because gold is not really an investment so don't get uppity with me. Again, learn history and why kingdoms looted other kingdoms for their gold and other precious metals. Research what happened to the money of Weimar Germany where paper money became worthless. And it is happening now in Argentina, Venezuela and Zimbabwe. The problem with DAve and his followers is that their economics is US-based and the US is still doing well right now because there is NO war in the US. Talk to refugees from other countries so you widen your world view. A lot of Vietnamese refugees I know used their jewelry to pay human smugglers so they could get out of war torn Vietnam in the late 70s to early 80s. I like Dave but his rabid fans have become a cult LOL so they keep mimicking his beliefs that is US-centric. But hey, if you think gold has no intrinsic value and you have gold or even silver jewelry or anything made of gold and silver, you can just give them to me because you believe they have no value. As you said, the value of gold is just a projection of human stupidity. And when war comes to the US, if ever it does, then that's the only time Americans will see that even land can be confiscated by the enemy. But since wars are waged abroad by the US and other countries, then I guess, Americans will just think that life is always about stocks, bonds, and other investments and the mighty US dollar. But then, the Roman Empire collapsed eventually. Sorry for the long essay hahaha. But so many people are uneducated about the realities of life outside the US and World History, including US history.

Who is arguing that buying gold is an investment? Dave keeps bringing up this straw man argument. The value of gold doesn’t change. It’s the paper money you use to buy gold that changes in value. If the value of the dollar goes down, the “price” of gold goes up. And vice versa.

My parents stashed away some gold I didn't know about, and it paid for their care before they died. So yea, there are real world scenarios that matter as well.

@janicenunn101

8 ай бұрын

My father survived 1970s unemployment and kept all 7 of us eating meat with his silver.

@rory644

8 ай бұрын

Did you pay the care home in gold bars or in the dollars 💵 you sold it for?

@amireallythatgrumpy6508

8 ай бұрын

They could have stashed cash too...

@gduhate

8 ай бұрын

@@amireallythatgrumpy6508 that was in the 3 properties they left me…

@connecticutyankee9706

8 ай бұрын

My parents stashed away some stocks, and it not only paid for their care in the old folks' home, but left me with a pleasant portfolio.

1980 gold was a brief bubbled spike, I could cherry pick $250 gold in 2001, and make an equally deceptive argument. Gold is an insurance policy against hyperinflation, war, wealth tax, and decades long recessions. Japan's stock market is still down 25% over it's 1990 peak. Argentina is experiencing 73% inflation as this video aired. This is like laughing at people who bought fire insurance, because you've invested the premiums and haven't yet needed the coverage. Since Roman Times, on average, a Gold coin will buy you a fancy suite, and a silver coin will get you a steak dinner. That's an inflation hedge. Stock market returns are not inflation, despite what Dave claims here, that's called an opportunity cost.

@tallstacker

6 ай бұрын

Right lol y start at 800? When it really started at 35 a ounce Dave is a blow hard

@donpow4268

4 ай бұрын

You are in lala land, nobody will take a gold coin in any store. It’s a bad investment and crypto will be putting an end to gold

@thejokerspeaks

4 ай бұрын

​@donpow4268 Any store, even a bullion/coin dealer? Is it a bad investment? Of course, it is an inflation hedge. Even someone who rides a bubble up is a speculator, which is what you are with crypto. How bad is gold going to get wrecked, and by how much? Give me a ballpark number, and we'll see if you're close.

And what's the return on cash since 1970 when we were taken off the gold standard. Gallon of gas in 1970 of $0.36/gallon. Emergency fund in cash versus emergency fund in gold, gold is liquid and you don't need to take a hit on a 401k with withdraw fees if you need it. S&P is flat for 2 years now.

Great content of course. Have you ever discussed US Series I bonds, which are a no lose investment?

Ammunition is a better investment than gold.

@amireallythatgrumpy6508

8 ай бұрын

Two HORRIBLE investments.

@aolvaar8792

8 ай бұрын

@@amireallythatgrumpy6508 5.56mm, NATO SS109 is 3X in 5 years.

@David_Bang_

8 ай бұрын

1000x correct. 1 round will be worth more than 10lbs of gold

@talyahr3302

8 ай бұрын

And chickens

@aolvaar8792

8 ай бұрын

@@David_Bang_ Remember the scene at the end of "Centennial", the Indian pulls a Gold musket ball out of this pouch and tells the Trapper "It works real good"

Gold is so terrible, countries buy it by the metric ton. Meanwhile, according to Jazz Wealth Management, 80% of this year's returns are from only 7 stocks.

@Matys1975

8 ай бұрын

If you look at say any 15 year period in US history where the S&P 500 existed, what proportion of periods have gold outperforming the S&P 500 ?

@1timothydillon

8 ай бұрын

@@Matys1975 Really? Only fifteen years? Um, OK, how about 1973 to 1993, twenty years when S&P went from about 114 to 400, up 250ish percent. Gold, however, did terribly. It only went from around 107 to 406, up 279 percent. Go be retarded somewhere else.

@amireallythatgrumpy6508

8 ай бұрын

Shows how stupid the countries are

@dungeonmaster6292

8 ай бұрын

​@@Matys1975literally who cares? Gold remains stable store of wealth and will be able to purchase the same that it always has. For 1000s of years it's been this way. The USD is failing and it's barely 100 years along

@amireallythatgrumpy6508

8 ай бұрын

LMAO once it goes down it knocks everything else out with it, including any perceived value of gold@@dungeonmaster6292

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8 ай бұрын

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It’s not an investment It’s not an investment It’s not an investment It’s not an investment It’s not an investment

@VegasMilgauss

8 ай бұрын

Next up… mutual funds over index funds. Strewth!

@dungeonmaster6292

8 ай бұрын

It was never meant to be an investment

@blackworldtraveler3711

8 ай бұрын

It really isn’t anything for people paycheck to paycheck with debt.

@k8aik8ai

3 ай бұрын

IT'S A STORE OF WEALTH

@wadebishop1413

3 ай бұрын

5% of your wealth in silver and gold is good insurance against hyper-inflation or a bank run. Insurance, not an investment.

Dave "Gold is a shiny rock" Ramsey ✨️

5% of your wealth in silver and gold is good insurance against hyper-inflation or a bank run. Insurance, not an investment.

Nick Murray is the man!!! His book The Game of Numbers kept me going during the tough times of my job.

@andybeuoy7153

7 ай бұрын

My thought as well. Let's hear gold and s and p comparison from 1971. To1981 during inflationary times. I don't own any but wish I had at least a little in my mix.

Managing money is different from accumulating wealth, and the lack of investment education in schools may explain why people struggle to maintain their financial gains. The examples you provided are relevant, and I personally benefited from the market crisis, as I embrace challenging times while others tend to avoid them. Well, at least my advisor does too, jokingly.

@AlinaWinkler233

8 ай бұрын

Investors should exercise caution with their exposure and exercise caution when considering new investments, particularly during periods of inflation. It is advisable to seek guidance from a professional or trusted advisor in order to navigate this recession and achieve potential high yields.

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8 ай бұрын

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8 ай бұрын

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8 ай бұрын

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8 ай бұрын

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While gold has never been a wise investment, it would still be fun to have a giant gold bar in the safe.

@RusskiCommieBot

8 ай бұрын

Gold has always been money. Having money is always a good investment in your future.

@dungeonmaster6292

8 ай бұрын

​@@RusskiCommieBotthese people denominate their entire lives in USD. They'll never understand what money is

@blackworldtraveler3711

8 ай бұрын

@@dungeonmaster6292 USD and stocks is why I’m FIRE in my 40s. Every single person I know that talked about gold and/or have some are broke, in debt, and paycheck to paycheck.

Using the 1980 peak as a starting point is inherently deceptive.

Lit ep

Peter Schiff agrees 100% with you Dave

@EricSmyth4Christ

8 ай бұрын

Lol

Gold is not an investment. It is a cash instrument. Instead of comparing gold to stocks or real estate, it should be compared to savings, CDs, or bonds designed to conserve cash value. I recommend mutual funds for everyone, real estate if you can buy it but I also recommend cash savings, some silver for everyone, gold and platinum if you can afford it. A 1964 dime is worth $2 right now, a $5 roll of silver dimes is about $100. That’s 1900% in 60 years. $800 in 90% silver coins would be $16,000. Picking 1980 as your buy date is about as fair as picking 2009 as your sell date for stocks

Easy own both. Just have 5-10% max in gold/silver and invest everything else in stocks/mutual fund.

@blackworldtraveler3711

8 ай бұрын

You left out a third one. Most have a lot of debt as well which is the easiest to do of all apparently. People talk about having gold and other investments with their huge debt and overwhelming negative net worth thinking Chuck Woolery will save them.

Has anyone noticed that all those "experts' and celebrities touting gold are selling it, not buying?

@brett4932

8 ай бұрын

The entire gold market is a sham, spoofed market just like diamonds. Excess gold is held out of the supply to artificially increase the "value" of the gold on the market and it's all run by large corporations that just trade back and forth with each other while they syphon cash off retail boomers like our grandparents and apocalypse bros through fees. It's a racket and it's worth billions in annual cash flow to these companies. Gold is complete nonsense and has absolutely zero use aside from very niche electronics and would be virtually worthless in a situation where our currency collapses. Not to mention these same companies that sell gold IOU's through "funds" would never actually deliver your gold to you in the event of a currency collapse.

The issue here is that everyone choses 1980's as a starting point to compare gold & stocks, in this case stocks outperfom gold. But if you get back a little to 1970's gold outperforms stocks by about 1000%!! Also to mention gold is not playing on the same level field, its grately maipulated commodity...

i was taught a long time ago that an ounce of gold is the price of tailored man's suit... seems it's still true.... but i'm still waiting for extra wide lapels to be back in style (i should have taken the advice of rod stewart's song "three button hand-me down" to heart)

@amireallythatgrumpy6508

8 ай бұрын

You should have been taught that no intelligent people measure anything in ounces

@rmartin9426

8 ай бұрын

Not a goldbug but I recently looked @ the gold price over the last 100 years adjusted for inflation & though it soared it has come back down to around the same level today. That’s a lot better than the $ & relatively trustless compared to equities. So why not a little gold (& BTC)?

@superman9772

8 ай бұрын

@@rmartin9426 yep... it's better than buying a suit with extra wide lapels that's for sure... anyway, i agree with you, if you don't have any better opportunities then gold is a "stable investment"... better than insurance, it's a "safety net" against stock losses ... but good farm land is as well and people need to eat and you can't eat gold.... anyway, investments and money are personal decisions and choices and usually they are made on personal circumstances and unfortunately those circumstances "fog" one's ability to make good choices and decisions and that's the reason i really appreciate people like Dave Ramsey, that kinda help people through that "fog" to better choices and lifestyles ...

Feelings are not facts, and I like how Dave used facts not feelings.

@thejokerspeaks

8 ай бұрын

Gold is like an insurance policy, it is not lucrative unless you need it. If the currency collapses, or there's a decade long recession, those with gold have preserved a portion of their wealth. If you could go back to 1990 Japan, would you tell investors to go all in on stocks because of "facts", even though they would still be 25% down, 33 years later? Would a 5X to their wealth in gold, be feelings?

@christinehopping

8 ай бұрын

@@thejokerspeaks If there is a crash, you'll need food, shelter, water, and petrol. A piece of shiny metal that does nothing. Makes zero sense. Facts are your friend.

@frothybeaver4869

8 ай бұрын

@@christinehopping you couldn’t post this comment seeing how that shiny piece of metal is in your phone, computer, basically any electronic chip made. Unlike dollars gold and silver have actual intrinsic value and is far more scares. Dave is correct, Gold isn’t a good investment its more of insurance for hyperinflation. Dave also doesn’t ever need gold as a hyperinflation hedge because he owns hundreds of millions worth in other assets with intrinsic value like real estate. Dollars are nothing more than promissory notes which by definition is something not desirable to hold. I personally believe the dollar was a lot more stable during the Brent and woods system pre 1964 Back when the dollar was tied to gold, unlike today where we just inject trillions of promises notes into the world economy and say except our dollars or risk the United States using military force against you.

@christinehopping

8 ай бұрын

@@frothybeaver4869 Point taken. Thank you for the detail info. I didn't think about chips. I thought they were made mostly of sand. My end of the world hedge is 100 year young avocado tree, 30 fruit trees, vegetables, and chickens for eggs.

@frothybeaver4869

8 ай бұрын

@@christinehopping that is a beautiful hedge to have. Sounds tasty. I just bought 6 acres of raw land and hope to have a few apple trees when we decide to build our cabin years down the road. Have a great day and I wish you the best of luck in this life journey.

Can you do the gold value in the Turkish dollar next please?

@austintomkewitz3981

8 ай бұрын

We'll just sweep that one under the rug for ya there you go buddy

My comment about quadrupling my money through gold was removed repeatedly by Dave’s team. Then I was threatened. They don’t allow views differing from Dave’s.

He’s making such a straw man argument. Gold should be used to store the value of cash period. It is not a replacement for mutual fund investment. As a cash replacement with very little risk, it has been a strong store of value since 1980. The numbers say that explicitly.

I have a friend that is gold bug, he's always quick to brag when gold goes up a bit. But in the 15 years or so I've known him his gold investments have done crap compared to a boring old S&P 500 index fund. I admit I've got a few pounds of silver, but that wasn't an investment. I used to do jewelry work and that's just part of the stuff I've got left over. The only reason I haven't sold it is I want to get back to doing some of that when I retire and as it's all casting grain or leftover scraps from castings and I'd take a beating on price if I sold it.

@blackworldtraveler3711

8 ай бұрын

Everyone I have known through the years that stock piled gold has since died or divorced. Wife/ex-wife cash it in and spent it all.

An ounce of gold could be traded for a quality suit 100 years ago, it does the same today, having advanced not at all

@TheyRiseBand

8 ай бұрын

That's the point of gold. It's not meant to be an investment.

@amireallythatgrumpy6508

8 ай бұрын

Civilised people do not measure things in ounces

gold has a valid place in your holdings. Just like single stock so long as you are diversified and not putting your eggs in one basket. Most of Dave's mutual funds likely have some of their holdings in gold. I like other precious metals too, especially because they mint it into standardized and manageable denominations - it's fun to have a small little stack of silver rounds, they make nice gifts/stocking stuffers and they are pretty easy to trade/use/exchange, and they are less volatile than crypto or stocks.

I do enjoy watching “Gold Rush” though and imagine myself just digging up money from the ground lol

Keep accumulating the toilet paper known as USD. It's becoming increasingly worth less, literally, every second. Gold still buys what it has always bought.

@amireallythatgrumpy6508

8 ай бұрын

Which is nothing. Money is fake by definition.

You can pick any time frame to make a point . I can pick from Nov 2003 to Nov 2023 -20 years and show gold performed 397% and the S&P 321%. I get it, financial guys hate gold because there is no fees to be made. Gold should not be compared to stocks though, it should be compared to currency. Not a basket of currencies but each currency in direct relation. In this case gold has done its job well. Should it replace stocks, no. However to say it has no place in a portfolio is foolish. Each person is different. If guys told you, like they always do, to just put your assets into a mutual fund in 1999 or 2007 and you were about to retire, you would be toast. Be smart and do your own research. Financial Pundits don’t know you. We have enjoyed loose monetary policy for the last 40 years in the US which has driven up all financial assets. That can change! Look at 66 -82, stocks went nowhere.

I'm not a Gold Bug - I don't own any. But, this video is misleading because the S&P is not the benchmark to judge against gold. Gold is not a replacement to or in competition with the S&P. Gold is an alternative to Cash and the buying power of cash is the benchmark to judge against gold. I'm not saying Gold is good or bad, I'm only saying the article / video is using a false benchmark.

Dave just loves and adores the American Financial structure. It is what made him a Millionaire you see. And he despises Gold.

@RusskiCommieBot

8 ай бұрын

He is owned by Churchill Mortgage.

Since gold can be used for many things other money. It has way more value then fiat currency/products. Paper can only do so much, compared to gold.

economic systems come and go but gold will always be with us

@amireallythatgrumpy6508

8 ай бұрын

But it won't always be valued

@mickyguy157

8 ай бұрын

@@amireallythatgrumpy6508 historically speaking, there is more evidence of gold being highly valuable. Cash and the current monetary system is a baby in the grand scheme of civilization.

@dungeonmaster6292

8 ай бұрын

​@@amireallythatgrumpy6508it has for 5000 years been valued and transferred as civilizations collapse and a built anew

@amireallythatgrumpy6508

8 ай бұрын

Its only value is that currently projected on it by human stupidity. @@dungeonmaster6292

@amireallythatgrumpy6508

8 ай бұрын

Its only value is that currently projected on it by human stupidity@@mickyguy157

Precious metals: fresh brass, heavy lead, shinny blued steel and a nice stain.

Gold is not the best investment. It’s sad to compare the yellow metal to the s&p. However I collect gold as a hobby and I LOVE it. I add the valuation of it to my net worth which is maybe 20% of the portfolio. Besides doesn’t the US hold the most gold more than any other country combined? Wonder why 🤔 One things for sure I’d rather have gold than cash

It isn't an inflation hedge, that is true and obvious. It is, however, a hyperinflation hedge. Would you rather have 10 oz of gold in Venezuela or invest in the Venezuelan stock market? If you can't answer that off the top of your head then you won't understand gold's place in a portfolio.

@amireallythatgrumpy6508

8 ай бұрын

I'd rather do neither.

@PeterWDunn-of5fs

14 күн бұрын

Gold or Weimar Marks, Zimdollars, Confederate dollars, Saigon currency at its fall?

Paper Gold price is $1900...NOT the actual price of PHYSICAL GOLD and when all the naked short sales from the LBMA and NY-Fed are ACTUALLY accounted for---the market price of Physical Gold is nearly astronomical. Has anyone actually seen the gold at Ft. Knox or the Fed vault or City of London Bank vaults? It isn't there!

@EricSmyth4Christ

8 ай бұрын

Yup there are about 22 ounces of gold for every ounce of gold

@monkey39128

3 ай бұрын

There's a video on KZread that goes inside the Bank of England's gold vault. Not that I disagree with your other points but the video is well worth a watch.

Seeing how the price of gold, silver including the stock market is totally manipulated, how does one really know what to do?

@donhill1825

8 ай бұрын

Don't bet on the thing that does the worst assuming all of the manipulation.

@iddddaduncan

8 ай бұрын

I agree but Dave doesn't even mention how fake and manipulated everything is, he acts like this QE bloated market is going to continue.@@donhill1825

Physical gold has an extremely high premium over spot price. It usually will have to go up hundreds just to be able to make a little bit of money.

@alinatamashevich3354

8 ай бұрын

And no one will buy it for the going rate.

@trifecta1

8 ай бұрын

@@alinatamashevich3354 very true. If spot is 1900, shops would probably pay 1700 if you were lucky

@rustyshackleford2719

7 ай бұрын

That's not true at all.

@alinatamashevich3354

7 ай бұрын

@@rustyshackleford2719 OK, I have a few thousand in gold coins, you willing to pay market rate?

Then why are other countries buying gold at a record rate along with banks here in America? Explain that please..

My question is if you do happen to have gold in economic turmoil who in the world is gonna be giving you money or commodity for it? Especially when many will be soley focused on survival. This is coming from someone who has been stacking for a few years now and attending many coin shows. I just don't see this pile of metal coming to my rescue at all in the future. Nobody is really all that enthusiastic about buying, Which is sad but i do enjoy it somewhat as a hobby. Dont get duped by all the people saying theyd rather have silver than money because them are the ones trying to take YOUR money for METALS.

Dave is wrong here. He’s going back to the 70’s to fit his argument. In the last 25 years gold has outperformed the markets. And gold and silver do keep up with inflation, the dollar doesn’t. A silver quarter bought a candy bar in the 50’s and 60’s. That same silver quarter, worth about $3 in silver weight, still buys that candy bar today.

Given all the data, what do central banks want with gold then? Why are so many accumulating gold in their vaults? Why do certain cultures value gold so highly, where it is common to give as gifts and even to buy in ATM-like machines?

@amireallythatgrumpy6508

8 ай бұрын

Only one reason. Human stupidity.

We early Americans created the dollar with God’s material of course but God created gold and in the early chapters of Genesis he called it good. The dollar will not exist in eternity but gold is clearly there. An insurmountable amount of currencies have been created as empires rise and fall try using most of them today and see what it gets you. I don’t think gold will get you rich today unless you uncover it at the bottom of the sea or find Solomons hidden mines but to write off Gods gold seems foolish to me.

@PocketBeemRocket

6 ай бұрын

Gold in the temple has value cause it was worked upon by craftsmen in a labor of worship and skill. If you were to extract it from the temple you forfeited your life before God and men. But render onto Caesar what is Caesar’s. The gold of a coin did not matter to Jesus, but what the image that was pressed on it represented. It was Rome’s gold. The very hand that would pierce his side was represented with a gold coin. I have to side with Dave and George on this one. Should the dollar truly fail, you want beans, bullet, and acreage. Gold won’t be useful until it’s melted and rendered to either God or men.

Platinum is worth more than gold yet people don't collect that. I'd rather collect chickens that make eggs because that would be easier to barter than gold in a bad situation because you can actually eat chicken and eggs. Can't eat gold.

Property values have skyrocketed and my property tax this year is 3932.94 with a 2% discount. I am not sure whether I am happy about paying this or I should be happy that the property went up in value.

Gold isn't a short or long term investment - nobody thinks that except those who don't know much about investing. It is a short term hedge or preservation of capital.

@triple_gem_shining

8 ай бұрын

Or good for smuggling $ across borders 😂😂😂😂

GOLD is better in some countries and certain time periods..... Argentina, Weimar Germany... Sriracha owner snuck gold out of Vietnam to help fund his business. Loads of examples.

Gold is not an investment. It’s just a hedge.

What bothers me about investing in gold is how the advertisers are preying on the fears of people. That is sad. Also, for you to win big with gold it will be because everyone else loses. AND btw, if the economy does collapse, who is going to buy those gold bars? Just my thoughts.

@blackworldtraveler3711

8 ай бұрын

Many commercials currently pushing gold hard on retired people.

@RusskiCommieBot

8 ай бұрын

The fear of inflation continuing is very real. Many people already realise how badly this will end.

@AuAdventures

8 ай бұрын

Ummm... the people who grow food will take your gold/silver. Good luck showing them your 401k or worthless monopoly paper.

Haha I love the rants but I made 10% on my gold in 1 year including buying and selling it. I made over 600% on my crypto in 4 years including buying it and selling it all… so 😅😅😅

I am glad the plebeians don't understand the Golden Rule. Those with the Gold make the the rules.

@amireallythatgrumpy6508

8 ай бұрын

There are no rules

A good example of cherry picking. 1980, 1978, paying taxes from another source? I don't think anyone is saying gold is the "best" investment, not even close. But it does have value

This won’t age well. Gold just hit an all time high yesterday

@amireallythatgrumpy6508

6 ай бұрын

If it's at an all time high and it's still worthless that does not bode well for gold

you know if Chuck Woolery is pushing gold on TV commercials it's probably not a good idea.

Tell this to all those KZreadrs that talk about “Noble Gold” yet claim to not be the “Experts” on it yet still promote it anyway

I came to the same conclusion that gold will not protect you from inflation. IMHO you can protect yourself from inflation with the following 1. SS is adjusted by inflation each year. Taking it at 70 means the annual inflation adjustment will be larger and will compound each year. 2. Stock Market Businesses are focused on making a profit and they can do this during low or high inflation. 3. Real Estate Owning your home will protect you from higher housing costs and it will increase in value. This will give you the ability to downside and pocked some of the profit.

@TM_Stone

8 ай бұрын

Don't forget Savings Bonds, CDs, and the best of all, bank Christmas Club accounts

@RusskiCommieBot

8 ай бұрын

You watch too much CNN and have too much faith in government.

I am an advisor and agree 100%. However, most gold enthusiasts want it for the end of the world and stock market because they feel they can cut off a sliver and live and when everything comes back. Gold will be what monetary policy is based on, so they will be good lol

I love you Dave, but you need to stop these anti-gold videos…. the reason is I sell gold! 😂

I wonder if anyone realize that mr kiyosaki promotes buying metals but also owns the mines. I would want you to buy them too.

Hood is a commodity. Not a long term hold. There is a time to trade it like any commodity. Gold and silver will not see a sustained rally until when and if the dollar goes lower.

Cherry picking dates from 1971 against gold does offer a decent argument. However from 2003 which is more up to date ,gold out performed stocks. Gold should be in every portfolio but in a small percentage. Most gold investors also own stocks, why does the discussion always have to be one or the other. All your money in stocks is high exposure . Why cant these guys talk about balance?

100 years ago 1oz of silver would buy you a meal for one person and 1oz of gold would buy one person a nice suit/dress. Silver is around $20 an oz, that's a meal. $1900 an oz for gold, still a nice suit/dress. Gold doesn't keep up with inflation but it does maintain purchase power mostly due to advancements in technology.

@EricSmyth4Christ

8 ай бұрын

And the gold and silver markets are manipulated down

@amireallythatgrumpy6508

8 ай бұрын

Nobody credible measures anyone in oz. Use grams like a normal human

@lolwtnick4362

8 ай бұрын

​@@amireallythatgrumpy6508why? oz is like fluid ounces and know that gold is pure. Kilos is how much is weighs and is probably just gold plated

@amireallythatgrumpy6508

8 ай бұрын

That's false. Both are measurements of weight (actually, mass). By definition, 1 ounce is equal to 28.35 grams. @@lolwtnick4362

@michaellittle1010

6 ай бұрын

@@amireallythatgrumpy6508 Troy ounces are the world standard units for precious metal bullion. All the major world mints produce bullion in this weight except the Chinese who use a lesser 30g standard. You can buy it by the gram, or multiples thereof. But, spot price is based on the Troy oz worldwide.

Bought gold in 2009 at 1000 CAD. Its now at 2700 CAD. Im happy. Wait till 2024 when housing collapses and s&p falls 20% while gold goes up 20%.

@amireallythatgrumpy6508

5 ай бұрын

20% of zero is zero.

My father bought gold at $35/ounce. I am now cashing it in at close to $2K/ounce.

@amireallythatgrumpy6508

5 ай бұрын

Nothing worth buying is measured in grams. In the 21st century everything is measured in grams or kg.

This reminds me about the parable of the talents in the Bible.

But are stocks shiny and can you hold them in your hand? NO.

Gold really does suck.

Since this video, the S and P 500 went up almost 25 percent. There's a boom.

YELLOW GOLD!!! @O@

I buy precious metals as a hobby not as an investment

I still think it’s not a bad thing to have as a small piece of a diversified portfolio. An emergency fund of 3 months expenses in cash and another 3 in gold isn’t bad imo.

@danmacgowan8242

8 ай бұрын

What are you going to do the with Gold? No one is going to take a gold coin in an emergency. Bottles of water/jeans/booze/2x4's/MRE's/generators/gasoline.

@stevenporter863

8 ай бұрын

​@@danmacgowan8242Maybe gold miner stocks for diversification purposes. But definitely not physical gold. Cost the holder to store and secure it.

@donhill1825

8 ай бұрын

It's a fun little hobby to collect gold but the idea of it being used as actual currency is silly.

@traceswann7054

8 ай бұрын

@@danmacgowan8242 1) keeps up with inflation better than cash. 2) it’s slightly illiquid so it’s harder to spend recklessly, and 3) if there is an economic situation like a bank run or high inflation, it’s nice to know I have physical assets. 4) it’s very easy to take a lot of value with me if I needed to. The vast amount of your portfolio should be invested in the market and yes it’s good to have all of those things too, but I don’t see the issue owning a few gold coins or some silver bars

@MrJimmy3459

8 ай бұрын

@@danmacgowan8242 BINGO!

Swiss francs, Singapore dollars, and bullion are alternatives to holding a lot of dollars or euros. A diversification of savings if you will. Not an investment.

I have a feeling the wives of the men that got bit by the gold rush bug in the mid-1880’s were telling their husbands a similar thing that Dave is saying about the effect of gold of someone’s impulses.

for some extent true what u r saying but silver and gold have intrensic value used in gadgets and motor vehicles. just diversify meaningfully dont exaggerate in one category.

Costco sold out on gold recently

@amireallythatgrumpy6508

8 ай бұрын

Shows how stupid people are

I love how the analysis cherry picks to the Top of the gold price in 1980, as if everyone bought the peak. What about the investment return buying gold at $35 an ounce and its now $1900. Gold is insurance / cash and part of a diversified portfolio including stocks.

@ChrisMFlorida

8 ай бұрын

aww a gold bug.. how cute.

@FreedomFighter485

8 ай бұрын

@@ChrisMFlorida Aww someone who can't objectivity do math or analysis. Judging by Ramsey's comments here gold is better than the Nasdaq. If you bought the peak at 5000 Nasdaq in the year 2000 it's only at 13,000 now. Worse return than gold.. Just saying anyone can cherry pick a story to make it fit their narrative,.

@Matys1975

8 ай бұрын

@@FreedomFighter485that’s why it’s more important to look at ALL 10 or 15 year periods in US history and compare gold returns versus NASDAQ returns

@josdomam

8 ай бұрын

Gold is used by wackos and paranoid people who say that you should sell everything and just own gold for the times when the "evil government" comes after your money. It is a ridiculous argument

@RusskiCommieBot

8 ай бұрын

Churchill Mortgage probably picked those dates for Dave.