If gold is so worthless why are Central Banks buying up gold at a record pace?

@verstappa

10 ай бұрын

Random companies are trying to sell you gold at record pace. Like lear capital. Why are they trying to get rid of their gold so bad?

@thomaskishmanii2675

Ай бұрын

You buy when it drops. Buy platinum its cheaper

@ReserveStacker

Күн бұрын

@@verstappa because, that's their job. If you think the Lear Capital doesn't have their own stores of PMs then you're out of touch. YES, they sell PMs, but that doesn't mean that they themselves arent fully invested (privately)

Gold isn't for becoming wealthy it is for preserving your wealth outside of all financial systems.

@DrSchor

8 ай бұрын

that is only half the answer: what is for becomming wealthy

@XxChuyoxX

8 ай бұрын

@@DrSchor why is it "half the answer?" He is saying gold is never a good option which is a stupid thing to say.

@monkey39128

Ай бұрын

@@DrSchor The S&P 500.

@rahulrai3938

Ай бұрын

Yepp, Nicely Explained

@NeonNomad747

8 күн бұрын

It doesnt preserve wealth at the start instead you'll lose money IMMEDIATELY from paying premiums and it might take YEARS just to get your money back to the same amount you spent on it.

Great video, I have a quick question. I am an aspiring trader, I am looking study some traders and earn off their expertise rather than investing myself and lose money emotionally. Whats your take on copy trading? Do people really make money? Just looking for some reassurance. Thank you!

@TitaAnderson

Ай бұрын

The truth is that this is really not as difficult as many people presume it to be. It requires a certain level of diligence, no doubt, which is something ordinary investors lack, and so a financial advisor often comes in very handy. My friend just pulled in more than $84k last month alone from his investment with his advisor. That is how people are able to make such huge profits in the market

@softy-bf5eg

Ай бұрын

Focus on long term investments in property, stocks, and bonds. Avoid copying, daytrading and 'chart astrology'. Diversify across different geographies, industries, and value chain stages - to reduce your risk. You can do this with ETFs, or by selecting different stocks yourself. This is the best way to invest for more than 90% of people

@marlisamirabal

Ай бұрын

nice! once you hit a big milestone, the next comes easier.. who is your advisor please, if you don't mind me asking?

@softy-bf5eg

Ай бұрын

ANGELA LYNN SCHILLING' is her name. She is regarded as a genius in her area and works for Empower Financial Services. She’s quite known in her field, look-her up.

@marlisamirabal

Ай бұрын

Thank you for this tip. It was easy to find your coach. Did my due diligence on her before scheduling a phone call with her. She seems proficient considering her resume.

I'd rather have a yellow rock than pieces of paper

@bearjones6929

Жыл бұрын

I thought Dave was a Christian? He is a liar or a fool or both. Trash fiat currency and wall street mutual funds is where he guides people. He is bought and paid for shill.

@amireallythatgrumpy6508

Жыл бұрын

@Ann Taylor Only 75 years? That ain't worth spit little girl.

@daveh6424

Жыл бұрын

​@@amireallythatgrumpy6508 Your name should be Am I Really THAT Stoopid??

@brianyaeger8209

Жыл бұрын

The rock and the paper have the same value, whatever people believe they are worth There is no inherent advantage of the rock beyond the belief in it

@bonefishjimmy

Жыл бұрын

Bullets and canned goods - the new exchange medium...

I am hoping more and more people follow Dave so I can save on premiums. PLEASE keep buying mutual funds 🤣

@r.j5451

Жыл бұрын

LOL yes!

@denisegregory9115

Жыл бұрын

Yes yes yes, the premiums are killing me...keep buying your paper illusions of wealth

@SinisterAngel1

Жыл бұрын

You do know that it has outperformed precious metals right?

@winterhavenfarmlife

Жыл бұрын

@@SinisterAngel1 thats fantastic news. Also the banking system is sound.

@ReservedInvestments

Жыл бұрын

Dude, I'm up hundreds of thousands in mutual funds. Have fun with your little shiny discs...

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

@r.j5451

Жыл бұрын

Exactly. Why wouldn't you want to hold real money? 🤦🏻 With the bank failures going on also

@yoderboys1

Жыл бұрын

@R. J a lot of people are like don't worry about bank failures everything will be OK. It's like rearranging deck chairs on the titanic after she started to sink.

@matthewtaylor2275

11 ай бұрын

Considering the recent developments involving SUB, Signature Bank, and First Republic Bank, reminiscent of the 2008 market crash, is it prudent to continue saving in the United States dollar? Alternatively, it would be wise to investing in gold amidst these circumstances.

@nathanielgray6221

11 ай бұрын

It's always a good option to keep some gold. Well with the current market situation and everything at stake with the present economy, I'd say you're better off staying away from stocks fr awhile or better still reach out to an adviser for guidance.

@ziyaadel-shahin586

11 ай бұрын

​@@matthewtaylor2275 It is often true that people underestimate the importance of financial advisors until they experience the negative effects of making decisions based on their emotions. I recall a few summers ago, following a long and difficult divorce, when I needed a significant boost to keep my business afloat. I conducted research and found a licensed advisor who was diligent and helpful in growing my reserves despite inflation. As a result, my reserves increased from $275k to approximately $850k.

Somewhere upstairs Dave’s grandpa is shaking his head.

Gold is money. The dollar is currency. Dave should know the difference😂

@DrSchor

Жыл бұрын

can you explain the difference , please?

@jmw77

10 ай бұрын

Dave has two rule. Don't be in debt and don't buy gold.

@sandysimpson3524

10 ай бұрын

@@jmw77 and buy in companies who support ESG. Dave is pathetic!

@sandysimpson3524

10 ай бұрын

23 states have Gold & Silver as legal tender. And it has always been considered currency. It says it in the Bible.

@Lauritzenm

10 ай бұрын

@@jmw77 When it comes to the history of fiat currencies, Dave is ignorant.

Argentina and Venezuela does not approve of this video.

@DrSchor

Жыл бұрын

argintina and venezuela do not have nuclear weapons

It's insurance with NO third party risk! And not forget it is real money so can barter with it. Over 5,000 years of barter.

@jamesbyerly766

Жыл бұрын

He thinks Mutual Funds are better lol

@betterbuilt1114

Жыл бұрын

Exactly!

@DrSchor

Жыл бұрын

no counter party risk. what is third party risk?

Dave Ramsey is a financial wolf not a shepherd.

@pierreclifton1865

10 ай бұрын

Starting to look alot like Jim Cramer. All he needs is some big horns, toys and fast camera angles.

@buyystocks

2 күн бұрын

@@pierreclifton1865 100%

Numbers on a screen in your bank account and green paper printed to no end also don’t have magical powers

Sorry, I'm going to buy metals. :)

@DrSchor

Жыл бұрын

that is fine, as long as you stop at cuff links

@user-yl1ko7sg6t

3 ай бұрын

Me too

@joshs9066

Ай бұрын

Gold is up 20% in the last year. Dave is a bloody idiot

"it's a rock that is yellow" That yellow rock powers 100% of phones and computers.

@tugboat2030

Жыл бұрын

No more than any other element on the periodic table that's used for materials. Don't iron or silicon have more uses?

@TrevForPresident

Жыл бұрын

@@tugboat2030 They also have value relative to their abundance. The abundance of iron historically being why societies never used it as "money." Gold's bull case isn't as a commodity, is the point.

@bjkarana

Жыл бұрын

I think silicon is what you're thinking of.

@Jackaroo.

Жыл бұрын

It's also not a rock, it is a metal.

@benland3517

Жыл бұрын

Those phones and computers helping build your wealth?

The irony of Dave talking about risk but telling everyone to allocate their mutual funds in the same way regardless of age or risk tolerance.

@jamesbyerly766

Жыл бұрын

100%

@freedomring3022

Жыл бұрын

Exactly

@MrJimmy3459

Жыл бұрын

Spoke like someone who knows nothing how mutual funds work........

@lepoj

Жыл бұрын

@@MrJimmy3459 Please explain the logic behind a 70 year old should have 50% of their assets in international and aggressive growth mutual funds as Dave recommends.

@stevenpaveglio2344

Жыл бұрын

​@@lepoj what would you suggest

It is INSURANCE! It is not an investment. Otherwise why would we also get life insurance, home insurance, car insurance. These aren't investments and you know this.

@SinisterAngel1

Жыл бұрын

Try getting what you paid for...yeah "insurance"

@TheOnlySgtRock

Жыл бұрын

Insurance, Exactly. Dave fails to see this or maybe he doesn't want to.

@kandacee9015

7 ай бұрын

I wonder if it can be an investment......Where does the energy or purchasing power of the entire US economy go, if it's not being reflected correctly in the dollar? Does it just dissolve? Or perhaps it reverts back to the money that is not as corruptible? Gold/silver??

I absolutely love this man but he’s completely wrong on $GOLD. If SHTF it’s better to have options. Love y’all.

@Brian-dh9lp

4 ай бұрын

Yep. Beer, bullets, and blue jeans.

Dave's dollar hegemony attitude is exactly why other countries are dedollarizing.

@SilentEire

Жыл бұрын

They’re not, don’t buy the headlines

@michaelleahy6848

Жыл бұрын

​@@SilentEire Have you been listening to Serpentza on KZread?

@jonasyracheta2185

Жыл бұрын

​@@SilentEire believe what you want. Not reading headlines! That is for rookies.

@davidhenry792

Жыл бұрын

Because he's right!!! Those countries are junk...

@michael589m

Жыл бұрын

Why watch the news when you can watch the dxy

The most stable asset in human history is riskier that the USD and mutual funds? Dave is full of it.

@b.m.4066

Жыл бұрын

What do you mean the most stable? It's more volatile than most other investments It's like a roller coaster at six flags

@constitutionalstacker5701

Жыл бұрын

@@b.m.4066 🤣

@Kane6676

9 ай бұрын

@@b.m.4066 he heard that from a silver pushing KZread channel. He has no clue what it means, he’s just repeating it. Nothing stable about metals

@daltonwhite6481

9 ай бұрын

@@Kane6676has gold and silver been used as money for centuries? Answer is yes. What do you think people will allocate to when the faith and confidence in the dollar is lost? An economy crash includes real estate crash, 401ks will be bankrupt, bank failures which we are already seeing now. Everything market related has been propped up by phony money. Money printed out of thin air. How many people do you think could go into a bank right now and cash out their funds? My guess you’ll have maybe 10 people able to get their money then the banks shut the doors you people including Dave Ramsey will be the ones standing in food lines or selling your items to me just to get some silver. Silver and gold are down because of price manipulation. Go look at the comex for silver and gold. They are buying 90k contracts and short selling and long holding that represents 600maybe 700 million ounces of gold. Why? Because gold and silver are dollar destroyers. Dave is worth several hundred million but he’s never seen a crash like what’s coming. He will lose all his money and so will his followers. But at the end of the day people holding precious metals will be okay and living a very good life. This dollar monetary system ends this year. You put your money in real estate or a mutual fund your a dummy that deserves to go broke😂😂

A yellow rock that has been around a few more days than his mutual funds he always recommends

@juvepersempre7383

Жыл бұрын

How is an unproductive and overvalued asset (compared to its utility in industry and jewelry) better than cash flow and income generating assets?

@Jackaroo.

Жыл бұрын

It's also not a rock, it's a metal.

@jamesbyerly766

Жыл бұрын

@Juve per sempre You don't understand fiat currency, my friend.

@Iburn247

Жыл бұрын

​@@juvepersempre7383 well it was 40 dollars an oz in 1975 when he started real estate. It's 2k+ an oz today.

@jamesbyerly766

10 ай бұрын

@juvepersempre7383 Undervalued you mean. Gold and silver are very important to the world in many industries.

Consider asking the people of Venezuela their opinion on the matter: Which holds greater value to them, a piece of paper or pure gold? Alternatively, you could visit Sweden, where the Krona has depreciated by 40% of its value, and inquire about their perspective. Another approach would be to approach individuals in Germany who are over 90 years old and ask them about their firsthand experience with hyperinflation in 1923. Pose the question of whether they would prefer possessing a wheelbarrow overflowing with worthless money or having a piece of gold securely tucked away in their pocket, worth much much more.

@DrSchor

9 ай бұрын

Fact check: the usa is not venezula, sweden, or germany 90 years ago.

@notcriminal2860

9 ай бұрын

@@DrSchor I think you need to read the comment slowly again.

Dave's "in a perfect world" financial advice. all while Rome burns in the background.... Dave is a modern day Nero

@rustyshackleford2719

Жыл бұрын

@@b-rad-3849 He truly is a museum specimen boomer. I really hope the boomers get to see the world descend into the chaos they created.

@user-uo3lu2kk1d

9 ай бұрын

@@b-rad-3849well said me and my gf been saying that about our parents, so true in a lot of areas

@joshs9066

Ай бұрын

At least most of the boomers I know back bullion. Dave seems to hate it out of pure spite

I love Dave and his principles and strategies are great, but I will continue buying physical gold and silver. I think the problem looming is unlike anything we've ever seen before.

@amireallythatgrumpy6508

Жыл бұрын

And gold and silver will not help you with the problem.

@jbgant8513

Жыл бұрын

Tell it to Venezuela grumpy.

@blackspiderman1887

10 ай бұрын

How is owning gold and silver going to help you? Unless I can go inside a store and purchase something with it, then it's useless

@thelordofnuggets629

9 ай бұрын

@@blackspiderman1887 If you wish for life to be convenient for you. You can be unhealthy and fat. If you wish to be happy. Then you can be fit and skinny. it's very simple. If you only chase convenience you will be enslaved. Most people who have their money in things they do not own are indeed enslaved.

@TAGEconomy

8 ай бұрын

Same here!

Wars have been fought over gold. Love has been expressed by it. Gold has changed the landscape of civilisations and the world. Kings and Queens have fallen and risen fighting for it. It looks beautiful in jewellery & watches. You enjoy wearing it everyday, people admire it, but at the same time it’s an investment. You can’t enjoy stocks & shares on your wrist or around your neck. With Gold you can everyday whilst knowing you will never loose your money & over time it will appreciate. For me it’s Gold & land…

@DrSchor

Жыл бұрын

how do you wear land on your wrist

@pierreclifton1865

10 ай бұрын

Gold is also in my hand. Hard to Bernie Madoff physical gold.

@Kane6676

9 ай бұрын

@@pierreclifton1865who cares

Wow this guy is not only wrong, he is giving worse advice than Jim Cramer.....

“I bought diamonds and they’ve never gone up in value.” That’s because diamonds are sold with a 5000% premium and dabeers has a monopoly on diamonds. They are not valuable.

@stevee8318

Жыл бұрын

Also, every diamond is unique and a person with specialized training is required to determine the quality/value of each diamond. Precious metals are fungible. And large, high quality diamonds can now be created in a lab.

@user-bj8bk7fv1x

Жыл бұрын

Diamonds are a racket, for sure.

@blackspiderman1887

10 ай бұрын

That's the point Dave was making Genius

@alexking358

10 ай бұрын

Yeah, no. He’s relating diamonds to real tangible goods like corn oil and gold. Diamonds are not traded or valued anything like those items.

I will take precious metals over this worthless paper that is losing value every day.

@lionelhuts875

Жыл бұрын

Yet we measure the value of gold in that worthless paper. Gold has no inherent value. Plus, you can't buy anything with it. Maybe if society collapses, gold MIGHT be something we use for transacting. But at that point, bullets, food, and water are much more valuable. I'm not advocating holding cash over gold, but there are much better assets out there that actually have a societal benefit.

@knuke9596

Жыл бұрын

@@lionelhuts875 No inherent value but has been used as currency and for trades for 1000's of years.

@JV-uo7zz

7 ай бұрын

​@@lionelhuts875did you forget earth was older than united states?😂

@lionelhuts875

7 ай бұрын

@@knuke9596 You just proved me right. Gold is used as a CURRENCY. Therefore, gold itself (i.e. "inherent/intrinsic") as a metal can only be used for specific purposes like electronics. EDIT You're essentially conflating intrinsic value with instrumental value.

@knuke9596

7 ай бұрын

it has industrial use and use as currency or as a store of value. So it is still far more valuable and versatile than paper currency.@@lionelhuts875

The same guy that never thought in a million years he’d go bankrupt is saying the dollar will never crash. But you do.

@IronDutch14

Жыл бұрын

I'm not for any side as I'm not familiar about the subject. But isn't the argument usually that if the dollar crashes we have a much bigger problem to worry about than worrying about our mutual funds?

@paulcarney2842

Жыл бұрын

@@IronDutch14 Yes!

@theslowevo9303

Жыл бұрын

Why would the dollar crash?

@freedomring3022

Жыл бұрын

@@theslowevo9303 you can't print it into oblivion ... right now, as the world reserve currency we don't get the hyperinflation that other nations get with theirs, but once countries stop using it, everything gets more expensive because you have trillions of paper out there.

@SinisterAngel1

Жыл бұрын

Eight out of ten businesses fail ... How is that relevant?

Dave is trying to deflect financial panic, but it may be coming anyway.

@cutlerylover

Жыл бұрын

If we have financial collapse no ones paying Dave to ask how to pay the bills anymore so its highly motivating to suggest were fine...

@MrLewis-lk8us

9 ай бұрын

He’s in bed with the same players who are manipulating and crashing the fiat system.

@Brian-dh9lp

4 ай бұрын

​@@MrLewis-lk8usgive me a break. He's a real-estate guy.

Major oversight by Dave: Every National currency that is used today was originally backed by gold. During a worldwide currency inflation crisis, this fact strikes me as relevant.

This is called gaslighting your audience. Shame on Dave!

@blackspiderman1887

10 ай бұрын

What did he say that was not true?

This hasn't aged well

I will take my golden rock and buy all of Daves real estate! 😂

@Kane6676

9 ай бұрын

Might want to check the value first as the gold goes up and down much more than real estate. Real estate actually makes money where as gold just sits until you sell it

@mrcodcommando3939

4 ай бұрын

Ya I'm sure you will buddy

The rate of return on 💎 diamond's is called marriage 🤣🤣🤣🤣🤣💕

@nathanielb659

Жыл бұрын

Brilliantly stated.

@PHILDRU911

Ай бұрын

And they can be reproduced by machines.

Its only been an investment since 1971 thats why, it was money before that and pegged to $35oz. for decades and thats why the dollar was worth something.

I'm not buying metals to 'profit' from an 'investment' -- I'm buying metals to maintain a backup of steady value in a physical item that I can hold and pass on to family later in life. I have plenty of other investments for profit.

@jimmymcgill6778

Жыл бұрын

Dave does not understand that.

@Maelu-op9gf

Жыл бұрын

Exactly. They are to preserve wealth and you will be glad you did. Once these metals are no longer suppressed we will see their value double or triple. The sky is the limit because this current money system could crash and burn

@michaelhutchings6602

Жыл бұрын

@@Maelu-op9gf If metals are no longer "suppressed" their value would plummet since the supply would explode.

@I_like_turtles_67

Жыл бұрын

​@Michael Hutchings bingo. There's asteroids in space with trillions of ounces of precious metals. Eventually it will become cost effective to mine for them off planet. Maki g those metals more common in everyday use.

@alrbredwall

Жыл бұрын

So why not just buy more guns and ammo? It facilitates the same thing. Commodities are commodities.

2018 gold$1300 today $2400 I'm loving it.

I agree that gold shouldn’t be used to invest or get rich over time. It is basically a more secure “savings” than just a digital number in your savings account. It’s just like saving cash except it is less liquid but it has value as itself meaning the metal does not need to be backed by a government to be worth something.

@michealscott6811

7 ай бұрын

Agreed gold is a place to store wealth not an assets to try and get rich or make a lot of money

@DAMON409

3 ай бұрын

Cash loses value, gold doesn't.

@TUFFGUY-xp1hk

23 күн бұрын

The problem is that the government rigs the gold market just like a everything else. They suppress it to keep the illusion that the dollar is still strong. They need to suppress the rising prices of milk, eggs and the tips the waiters ask for at restaurants. Also getting taxed on everything is not to fix the roads. It's to keep us poor and in the system. It's all by design. So I live humble and frugal. Knowing that I can buy something if I want really want it, and not actually buying it, is pretty satisfying. 😊

Well Mr Dave I own two properties in London, and have 3 kilo of gold which I can liquidate in a heart beat, the second I sell my property Uncle Sam will take a chunk

PM has been money for 5000 years. Will he change his toon when SHIF?

@amireallythatgrumpy6508

9 ай бұрын

Money has never actually existed sweetheart.

Gold is not a commodity - Gold is money! Everything else is credit.

@amireallythatgrumpy6508

2 ай бұрын

Money does not exist. Gold does. So gold cannot be money.

Gold is a very good investment option in other developing and small countries where their currency itself is not stable, but like Dave suggests not a good idea in US, in my country currency value vs dollar halved in 14 years, and price of gold went up 50%.. so had I bought gold in my country then I could have triples it in 14 years... But in US good value didn't outperform stock or mutual funds

@Kane6676

9 ай бұрын

The average doo doo bird cannot understand what you are saying. They have been programmed with all these little slogans and sayings from the bullion pushers. It’s quite sickening really. They have been pushed by fear and panic marketing to blindly buy gold and silver and they feel they are “ outsmarting” everyone by doing so. In the end they die with a bunch of metals and their family sells it at estate sales. Seen it many times

@gianthills

4 ай бұрын

because gold isn't meant to be an investment, but insurance. apples and oranges.

Dave should start a new show with him and Jim Cramer. What a tool.

@daveh6424

Жыл бұрын

They could call the show "Bad Advice You Can Cramsey: Cramer/Ramsey's insight on poor investments"

@grocerygoat06

11 ай бұрын

"Don't buy gold." This is coming from a guy who recommended timeshares.

@pierreclifton1865

10 ай бұрын

Lmbo. Dave's only good advice is to eliminate debt and save. Everything else he says is guesswork. This video proves it.

@Kane6676

9 ай бұрын

Ya total tool. Better go listen to one of those sd bullion employees pretending to be an independent creator giving you all the fear and panic metals marketing

@Kane6676

9 ай бұрын

@@pierreclifton1865 investing in metals isn’t guesswork?

That yellow rock you speak so highly of is Gods money! Gods money is honest!

I don’t understand why he’s so against precious metals. It makes perfect sense to include them in your portfolio. Yesterday, stocks were down 1.5%, metals went up 1.5%. Having 3-5% of your portfolio in metals will help balance things out IMO.

@SuziQ..

Жыл бұрын

I agree

@abdulsijad2419

7 ай бұрын

he sells books and courses not gold simple.. he needs to keep sharon happy

@gianthills

4 ай бұрын

agreed, especially if the markets crash and the dollar crashes. What will Dave do when that happens? All of his assets will be worthless, while gold will be through the roof.

Gold miners guys, Dave’s asleep at the wheel

A large portion of Americans gdp is just printed dollars not goods and services.

@jonasyracheta2185

Жыл бұрын

💯👏👍

Dave is owned and controlled by the system. He is an old timers Jim Kramer.

@sunset6010

Жыл бұрын

BINGO WANGO TANGO

@amireallythatgrumpy6508

Жыл бұрын

He owns the system. It does not own him.

@bearjones6929

Жыл бұрын

@Am I really THAT grumpy?? that's hilarious. You think Dave Ramsey is above the central bankers the rule the world?

@daveh6424

Жыл бұрын

I thought Jim Kramer was an old timers Jim Kramer...

@amireallythatgrumpy6508

9 ай бұрын

That's hilarious. There's only one thing that rules the world, and that is the sun. @@bearjones6929

Nothing wrong with owning a small portion of gold!

@DrSchor

Жыл бұрын

he said cuff links are fine. do you need to listen again?

@ihavetubes

11 ай бұрын

Own a little bit of everything, never go full in into anything that's how you lose money

Gold isn't an investment, it's a savings vehicle against inflation. No one buys gold hoping to make an ROI they buy it in hopes of hedging against inflation

Mutual funds don't have magical qualities.

@jonasyracheta2185

Жыл бұрын

Have third party risk magical qualities!

@blackworldtraveler3711

Жыл бұрын

You won’t get hurt,deleted,or robbed over it.

GOLD was there before America was born.

@amireallythatgrumpy6508

8 ай бұрын

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

@Triedandtrue44

8 ай бұрын

It’s projected value globally for centuries is something that has huge momentum, going against that is like trying to reinvent the wheel, it is globally accepted as a safe storage of the value of your assets. All money is a way to transfer and store your accomplishments, you create something and trade it for a form of money and you want to know that in 20 years you can receive back the same value, that’s why counterfeit money is illegal, it devalues the value of the money.

Gold isn’t an investment. It’s a store of wealth. Inflation destroys currency. Gold protects wealth. Diversification is always a good bet.

@MarkMphonoman

3 ай бұрын

You are so right.

Dave should have told him to flush his money down the toilet lol

Gold and silver is not for investment or to create revenue. It’s for wealth preservation in case the paper money loses its value. We are heading for another monetary reset with CBDC and precious metals will help preserve your wealth.

Gold is useful, it does have an intrinsic value. Same as oil or corn.

@Triedandtrue44

8 ай бұрын

Gold won’t go bad or spoil though!😂

@gteixeira

8 ай бұрын

@@Triedandtrue44 Indeed, and it requires much less space to store. It does require security.

And now I can finally say goodbye forever to Dave. He will lead millions into financial ruin. Dave is good advice in a healthy system… which he thinks we have.

@Kane6676

9 ай бұрын

You been listening to the fear and panic pushed by bullion scammers. Only one in financial ruin will be you

@willterryart

9 ай бұрын

@@Kane6676 You’ve been listening to Dave… good luck.

@Kane6676

9 ай бұрын

@@willterryart I don’t need luck. I went from middle class to millionaire in 5 years bud. I stared actually increasing my wealth when I quit listening to bullion scammers, sold all my metals and got into real investing. Enjoying being broke

@user-uo3lu2kk1d

9 ай бұрын

Gold is 👑

@TAGEconomy

8 ай бұрын

Well played. @@willterryart

Personally, i buy gold only because its value will never go away and its a safety option not because im looking for a return

@amireallythatgrumpy6508

8 ай бұрын

Its value will never only go away because its only value is that projected on it by human stupidity.

@Triedandtrue44

8 ай бұрын

It’s value was put on it for centuries for several reasons, not stupidity, intelligent reasons, people in the past had much wisdom, for example streets were named to give you information, like horseshoe pond road, a horseshoe shaped road that would flood.😂 Gold doesn’t burn in a fire, nor does silver, they retain their qualities and melt, Silver has anti microbial properties the settlers put it in milk to keep it safe to drink, it is great as a coin to prevent disease transmission during trading. Also they don’t rust away! 😂

@amireallythatgrumpy6508

8 ай бұрын

The very need for any form of money system is evidence of human stupidity, sweetheart. @@Triedandtrue44

companys go bankrupt all the time. look at these once robust bank stocks. svb was doing well for sometime. your mutual funds are loaded with debt, so much for being debt free

Buy a mutual fund instead - great advice Daffy Dave. What is the success rate of actively managed mutual funds? Over a 20-year period, 95% of large-cap actively managed funds have underperformed their benchmark... Geez Dave wrong again, who would have thunk that?

@Kane6676

9 ай бұрын

Are you insane ? Lol

Dave is either an agent for the Federal Reserve money printing regime, or he's ignorant of the writing on the wall. Writing that is done in huge florescent yellow paint on a jet black wall. He will be culpable for the suffering he could have helped prevent by simply encouraging his listeners to diversify across asset classes, including the insurance that precious metals provide against a failing system caused by irresponsible monetary and fiscal policy.

@cowboyzkingz35

2 ай бұрын

Chatgpt?

Gold is a metal not a rock, Dave!

Gold is an element, Gumby. (Number 79 on the Periodic Table of Elements). If you crush it, it stays as gold. Rocks crush into almost worthless sand and dust. Oil burns into CO2 and H2O.

There is a range of other uses for diamond, many of them industrial. Saws with diamonds embedded in them are used to cut up roadways and masonry

@albionicamerican8806

Жыл бұрын

Diamond can by synthesized from carbon, and it has become a cheap industrial commodity. This technology has been around for decades.

@cybertrk

Жыл бұрын

They’re as cheap as glass

@Silverdragon517

Жыл бұрын

He meant diamonds as investment which appreciates

Dave never understands the difference between an investment and money

@DrSchor

Жыл бұрын

please; help us understand the difference. please explain

@amireallythatgrumpy6508

9 ай бұрын

The difference is that investments exist, money doesn't.

Dave, you won’t have to worry about us buying gold much longer, the big banks are buying it all up.

@Kane6676

9 ай бұрын

No they aren’t. That’s just more bullion dealer advertising

@mikhacoffman4522

9 ай бұрын

@@Kane6676bullion is constantly being bought in huge quantities by funds, family offices, pe,

@k8aik8ai

2 ай бұрын

@@Kane6676 BS. Look what other countries are doing. They're dumping the USD and buying gold - even they know what real money is.

Fear mongering is Gold and Silver’s biggest marketer.

Way to go ramsey... keep the masses away so me and the banks that must not know anything continue to get more GOLD.... THANK YOU THANK YOU THANK YOU

NO COUNTER PARTY RISK Stocks & bonds have counter party risk & Intermediaries❗Poor clueless Dave 🙈

Rick Rule needs to educate this guy on gold.

@amireallythatgrumpy6508

9 ай бұрын

Rick rule would be incorrect.

The queen of England must've been poor, because she only had yellow colored rocks and no dollars🤣

The problem with gold is when you spend it then it’s gone. If you invest in chickens then it will produce eggs daily . Invest in something people need

@bobadler3097

7 ай бұрын

Also don't have to feed gold though let's not forget that.

Calling gold a rock shows both ignorance and arrogance.

@amireallythatgrumpy6508

Жыл бұрын

Being American shows both ignorance and arrogance. What's your point?

People say fidgeting fingers while holding a pen is body language for nervousness while someone is saying a bold face LIE!

@TShirtAndReeboks

Жыл бұрын

Those people clearly don't understand fidgeters. We are not inherently bad just because we like to be moving.

@superblump87

Жыл бұрын

Why would Dave be lying about this?

@jonasyracheta2185

Жыл бұрын

​​@@superblump87 simple. Keep you in there private system. It's a CON game as in CONfidence.

@superblump87

Жыл бұрын

@JONAS YRACHETA what private system of Dave's are you referring to?

@jonasyracheta2185

Жыл бұрын

​​@@superblump87 central banking planners and their derivatives and the product that is weaponized against humanity. Guess the product? His answers resemble those of a hedge fund.

Dave is a massive wolf. Gaslighting the hell out of his listeners.

@Kane6676

9 ай бұрын

That’s actually what all the bullion pushers do. Every silver and gold KZread channel is pushing this end of the world crap to increases sales

It is not a thing of fear but of protection for you and yours

@amireallythatgrumpy6508

5 ай бұрын

Not really. If everything collapses, you're screwed whether you have gold or not

What's it like to have so much money you don't need it during retirement???

@tduck828

Жыл бұрын

It means life is good!

@blackworldtraveler3711

Жыл бұрын

Common thing when you save,invest,avoid debt,and live within means. Pretty much guaranteed including early retirement if you start early and avoid marriage.

@superblump87

Жыл бұрын

People leave inheritances all the time...

@cutlerylover

Жыл бұрын

Daves rich but still works becasue he knows its boring to just go buy stuff lol we all wish we were rich but once you are rich you change how you think...Imagine being able to buy whatever you want within some reason whats next? working, lol

All fiat currencies go to zero, gold never has.

@DrSchor

6 ай бұрын

when did the dollar go to zero.

@amireallythatgrumpy6508

6 ай бұрын

Gold has always been zero. Always.

Gold has but one purpose to ensure that your money what it's worth today no matter the space value will buy the same amount of goods tomorrow. Equities, to that effect are far superior as far as an investment. I own a little gold only because I inherited it from family members that had invested in it, so I'm not out anything for having it, I don't look at it as an investment as much as I look at it as insurance and that is how anyone that buys gold should look at it but proper investing should put you MUCH further ahead. Of course Dave recommends against single stocks, but if people want to take advantage of the rise of gold the best choice would be gold companies that engage in mining buying into their stocks certainly in the long-run gold silver and other precious metals will have a much greater industrial value then it will have a financial value.

There is no rate of return on gold. It's not an investment, it's a saving vehicle. But invest in a mutual fund that invests in commodities 😅.

Gold is a metal, not a rock.

Dave has blinders on when it comes to gold and silver. I still love the guy, but he is fundamentally incorrect here. Gold and Silver are money, not investments. The “price” is more accurately called an exchange rate. What he calls money is just currency, and has no intrinsic value. Gold and silver always will.

Gold is a metal not a ceramic, aka “rock” 😂

My grandma always invested in gold bars and coins and when years after they got hit then she sold everything and live it off of it.

Dave Ramsey us about to be wrong once again

“I don’t know much about it” bingo

@blackworldtraveler3711

Жыл бұрын

He also said it’s what mainly broke people do.

Actually there are FCOJ futures (Frozen Concentrated Orange Juice). It is a soft commodity traded in ICE US Exchange. They did exist back then, when the movie was shoot.

@jonasyracheta2185

Жыл бұрын

Davey Ramsel with another incoherent rant!

@silverjedi3529

Жыл бұрын

Dave is ignorant about many things. Bear Stearns & Sam Bankman Freid also acted like know it all's. A fool & their money are soon parted.

@StratRider

Жыл бұрын

Frozen coj

In my late 30's, I am starting to invest in gold to add to family precious metal collection and hopefully enjoy in my twilight years.

So Ron Paul is someone I should not be listening to?

BAD BAD BAD EDVICE .. and you call yourself an investor

Man, your mind goes bonkers if you listen to this and also Peter Schiff. I say diversify in everything!

lololol When he said "It's a Rock..........that is yellow" hahahahaha. Yeah Gold today is useless.

My question is, how do you circulate gold in the common market, i.e. gas, food and other necessities?

Ramsey is right for normal state of things. In case of catastrophic events, e.g. Great Depression II, or USA goes bankrupt, wars etc. gold would help.

@amireallythatgrumpy6508

Ай бұрын

Um no, you're screwed whether you have it or not.

I like Dave's principles but when I hear his take on this subject it shocks me especially in light of the ongoing erosion of our dollar via brrrrrrr printing, the weaponization of it, and the unsustainable debt levels!

Dave is really clueless.

I've been thinking about adding gold for the sake of diversification. I know it's more of an insurance and store of value than an investment that will give returns like S&P, but with the current state of the world, I think a small allocation couldn't hurt. It also looks pretty and will give me peace of mind. And it's crazy how fast currencies can be devalued. I'm sure if we were Zimbabwean or Venezuelan, we'd appreciate gold more than money.

LOL! Check the Gold charts. $1685 for spot gold in March of 2022. Today it is $2308. Who is the expert? It's up 37%. Now did that guy make that much with those pitiful mutual funds? Gold is legal tender in many states. Check the U.S. Constitution, gold is legal tender per Art. 1, Sec 10. Sorry Dave.

I always heard your portfolio should have around 10% in precious metals.

@CurieBohr

Жыл бұрын

I hear a lot of bad advice. Do your own research and don’t listen to fear mongers.

@bc_usa

Жыл бұрын

​@wholecoinnerd2138 It has nothing to do with fear and everything to do with being smart. Haven't you heard of that old saying don't put all of your eggs in one basket?

@SupremeGGstacker

Жыл бұрын

%100 you should always have precious metals

@The.Dude.Abides.

Жыл бұрын

Yeah… from people who sell “precious” metals.

@bigshoe84

Жыл бұрын

Do brass and lead count as precious metals? 😎

Stack Au, Ag, Cu/Zn & Pb!

@amireallythatgrumpy6508

Жыл бұрын

That's dumb advice

@michaelcaristo4891

Жыл бұрын

@@amireallythatgrumpy6508 So don't follow it... I Don't Care!

@amireallythatgrumpy6508

Жыл бұрын

@@michaelcaristo4891 I don't care whether you care.