Can Gold Really Protect You During An Economic Collapse?

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Title	:	Can Gold Really Protect You During An Economic Collapse?
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Gold is Real and not an imaginary number on a computer that you can only look at Stocks are bad for the economy, (they raise up prices of goods) and you can go completely broke from one day to the next Look at what happened to Enron
Comment from : Francis

When Biden stopped new drilling and shutdown pipelines, I went all in on oil and refinery stocks In three short years I'm up over 650 in the portfolio Do that with precious metals!
Comment from : cayankee Lord

That which is rare always has value It is not always what people all agree on that has value
Comment from : Ernest Ayo

i m sure this guy talking has a lot of money invested in gold, he is telling that because he wants not so many people have it during shtf
Comment from : Batroc Bjj

Recently Russia has bought 400 tons of gold selling american bonds and stored this gold in its central bank, same did China with 200 tons of gold, welli guess Vladimir Putin and Xi Jimping are two dumb buddiesaccording what this genius is saying, in a shtf or economic collapse, with 10 grams of gold i think you can eat and having gasoline and stuff for so many weeks if you trade it, thats for sure
Comment from : Batroc Bjj

With all of the current events, what is the best approach to profit from the present market? I'm still debating diversifying my $400k stock portfolio to obtain some profits while minimizing risk
Comment from : louise

Gold and silver is gods money
Comment from : cindy buntain

Who ever said gold/silver were investments? They are nothing more than a hedge/insurance policy to preserve your wealth If their value goes up, its not becuase precious metals are valuable, but because money is worth less and less
Comment from : Michael E

What happens to your gold and silver when the government gets rid of paper money and the government will make you turn in your gold?
Comment from : Lawrence Collins

And the central banks are buying gold like crazy It does have intrinsic value, much o our best technology won't work without gold and silver Lack of knowledge and education, do better research
Comment from : Tom

Toilet paper
Comment from : Jose Gomez

Change is inevitable
Comment from : Howard Cohen

Bro said gold and silver have no real value All those cars in that parking lot of his are extremely reliant on commodities and sliver/ gold They are almost as important as food and water in a 1st world country
Comment from : Angel Perez

Just a thought concerning intentional collapse of the dollar and gold being at 1500 to 2000 an ounce that now backs up the failed dollar with a rockbrThe economy holds the value of the dollar actually increases and we continue on our merry way into the future
Comment from : JC E

Within the human DNA, due to our history, there is value in gold and silver, not fiat And please explain why central banks horde gold?brFinally, he could have answered the question without boasting of his personal wealth Unnecessary!
Comment from : Glenville Ashby

Boomer Dave and his American baloney sandwich The dollar is finished 7000 years of wealth preservation vs Dave Ramsey's opinion I know what I choose Like all financial advisors, Dave hates gold because he can't squeeze a off a "client" every year "Silver has no use"? 😂
Comment from : Jeffrey Vanco

Sure thing master Dave Except limited pay whole life policies are great and gold and silver are about as safe as you can get In another video he said currencies just get replaced therefore gold and silver is useless… It’s not about “replacing currency” it’s about being able to sell it to the country whose currency takes over Dave is a human and preaches really basic concepts to people who have zero understanding of finance He gets some things right but he’s just a human and many financial advisors have their own twist on things
Comment from : Andrew Pandrew

U are wrong this time Dave
Comment from : Jay Hall

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

How does someone pay their bills, rent, groceries or fuel? How???
Comment from : Nonya1968

Gold has been the first currency and the past sometimes comes back to the front of the line we dont understand thinking change ok so what happened to pay phone 📱
Comment from : Jason Dawson

Oh Dave You disappoint me on this issue You miss the bigger picture of how economies are rebuilt after ever Fiat currency has went to zero It’s not about getting rich, it’s about retaining wealth after a collapse Besides real estate, precious metals are the next best thing
Comment from : Greg Smith

The intrinsic value of gold is the cost to mine
Comment from : Rudolph Stoltz

All investors say the same thing yes, you’re making your money on the stock market and the stock market makes money It goes up and down every day Let me tell you a little story of my friend she was from Russia, and when she came to this country, we came very good friends we got Introduced one day she was a waitress and she told me a story that per mother saved up $100,000 of paper Russian money when the communist fell all that paper money was useless of 30 years of her saving it but she did have some gold and she came to this country on that so you do your math
Comment from : Patricia P

I never watch TV, period I am retired with zero debt and my income is higher tham when I had a job Do the study, it would be interesting
Comment from : Silverbacked

Lmao what a BS
Comment from : King 0033

There will always be an oligarch, and that oligarch will take gold Especially if a fiat has crashed
Comment from : X95 23

That’s why preppers stock pile items to barter in a shtf scenerio and they stock pile gold and silver Water ammo etc everything Lighters Anything to barter Don’t invest everything into gold and silver
Comment from : Jennifer Steeves

Policy can affect inflation Sure the president can't control the Money supply and rates but the president can affect policy
Comment from : steve-O

Gold/silver in a collapsed economy would be good perhaps to barter with, but what you gonna douse an oz of gold for a dozen eggs and a loaf of bread???
Comment from : eserof

I disagree, a investment portfolio should have some small percentage of precious metals, never have all your eggs in one basket
Comment from : ROBERT BUSH

Bull crap Printing lots of money also causes inflation, Dave! That is also Joe Biden’s fault!
Comment from : Brad Beaton

10 is too little
Comment from : Wes

In a currency crises his hundreds of millions of dollars of net worth would be worthless Dude is clueless about most stuff except the debt snowball I use metals like a savings account rather have that in a safe that excess in a bank besides the stuff so damn beautiful to look at
Comment from : Wes

Buy gold anyway
Comment from : Alex Denise

There is a reason the founding fathers put in the constitution that we are suppose to only use gold and silver as money that I do not think they Dave Ramsey graspsbrbrIt does not mean that his advice on how to spend and save money is bad, in fact I follow all of his baby steps, but he is missing some of the picture of how money works
Comment from : Zachary Arco

conservative talk pushes gold all the time
Comment from : Carol Kauffman

gold is money
Comment from : Bullion Breakdown

Dave is gonna love the cbdc
Comment from : nasd srekk

Investment in stocks is a great way to invest your money The team is constantly checking the market for changes and make sure that you are always informed about the best time to invest As a result, I have made more money than ever before, and I don't have to manage my portfolio on my own! Invest in stocks, it's worth it!
Comment from : Robert Vardy

And shares only have value as long has the market doesn’t crash again
Comment from : Andrew Bantick

Why do people actually believe that only way the American economy would fail would be an all out catastrophe involving a SHTF, lawless anarchy situation? This is some ignorant nationalism No, just like Holland, Portugal, Spain, France, and the UK are all “has been” world hegemonic powers throughout history, the US 🇺🇸 could very well join them one day That’s not to say the US will be poor; only to say the dollar will stop being the reserve currency That doesn’t require a shit-hitting fan the scenario, can we agree on that? Try to be sensible and not just consider the worst-case scenario of roaming bandit anarchy as the only possible shift in world economic powers
Comment from : Dereko

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

Why does he always talk about diamonds when people talk about gold and silver Gold and silver can be seen as both commodities (his position) AND wealth/real money (historical position) brNobody is advocating for stacking diamonds for wealth! 💎
Comment from : Dereko

It’s like he always gives the same answer to the same question He doesn’t add nuance or read comments and reconsider his response even when there are clear holes in his reasoning
Comment from : Dereko

Paper is poverty
Comment from : Wes Stacks

"Gold and Silver have no intrinsic value" Holy shit what a tool!!!!😂😂🤣🤣😂😂
Comment from : doug h

STUPIDITY, affects people, of all ages!!
Comment from : Joseph Settle

If I had $100 million bucks… id buy a million in gold… why not be ready for the unthinkable?
Comment from : Rest and Relaxation

I agree with everything you said
Comment from : Isaac Hickman

I used to think every investor lose out during recession, meanwhile some make millions I also thought everybody went out of business during the great depression, but some went into business Bottom line, there's always depression for some, and profits for others it all starts with having the right mindset That said, I've set aside $265k for future, unfortunately I'm a complete noob
Comment from : Adonis Orion

Biden created eviction law that make the home owner can not sell their which house price go up, Biden cover up china about vuhan virus which make the factories close which make inflation go up
Comment from : Tracy Nguyen

Talk about oversimplifying things brYes people tend to Value things that are not only shiny and pretty (unlike driveway stones) but also have tons of industrial uses by the way it's called a precious metal because it's RARE and limited Mr Ramsay likes to talk about supply and demand Meanwhile he seems to has tons of faith in the almighty dollar We are now 35 trillion dollars in debt and if the Communists have their way we're only getting startedbrThat said obviously in a full-out economic collapse I definitely would not be relying on precious metals to eat and defend myselfuh duh
Comment from : Micah

Dave, how much did they pay you to say this?
Comment from : youraverageJoe

Dave Wrong Here
Comment from : Timmy Burch

Precious metals and cash are simply a means to tradeThe value comes from what you are trading it for
Comment from : Black Spiderman

Gold and silver have no “intrinsic” value You keep using that word I do not think that word means what you think it means
Comment from : Peter W Dunn

Unless you're a billionaire and have a monopoly like Warren Buffett it is generally considered unwise to concentrate all of your investments in one asset class, including real estate
Comment from : limitlesschoices

Asking Dave Ramsey anything related to PM is NOT good ideaalthough I'm not one of his followersbrbrI'm not in debt and I've saved a lot - living a common sense life if you're heavily in debt, I wouldn't touch PMs though - you've got bigger problems
Comment from : Free man

Dave is sent to deceive the masses as things get worst i would love to hear his tongue twist
Comment from : Fanny Wayne

Yeah what an idiot about Gold and precious metals when the economy collapses he wish he got into all precious metals
Comment from : The Real Tech Geek

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

Money comes out of our collective imagination A skill or goods that are needed are much better for barter in a collapse economy
Comment from : Stephen Cullum

In a mad max society after a total economic collapse, ammunition will be the key bartering item You can use it to shoot in order to eat or defend yourself Bartering will be the key method in obtaining anything
Comment from : Jerry Avalos

I wonder how much he lost after a year of this video 😅
Comment from : JoeselC

The Only that Can protect you is God Jesús nothing ese Amen
Comment from : Lory S

Very few economists recommend that you have zero precious metals
Comment from : Hart Ewing

I agree with the majority of things Dave says, but completely disagree on his take with precious metals… Metals aren’t an investment, moreso a storage of wealth… i started buying in 2020 at the age of 25 and dont have regrets my stack has only increased in value
Comment from : LongIsland_Stacker

Also, you cant amplify a lasers output power or make efficient cutting tools with the rocks in your driveway Dave ;)
Comment from : tres155

Question Why are all of the central banks stacking metal?
Comment from : Johnny Law

If you want to pass out blame, how about Richard Nixon He's the reason you are having this conversation
Comment from : Joe Schmo from Kokomo

Dudes on joe Bidens nuts
Comment from : iHomePro Services

Problem is Joe Potato is in office and EVERYTHING is up for grabs at this pointbrTry carrying around gallons of gas in your pocket
Comment from : Hollow Dog

One thing that sucks about precious metals is the fee charged to buy or sell yours! I realize they can't work for free but I can find far better investments As for protection in a portfolio it can be a good idea up to 20 of a portfolio max is usually the advice fiduciaries give
Comment from : VapeKing

Dave would've failed if he were in the Weimar republic
Comment from : A Universal Woman

This didnt age well
Comment from : Golden-Piper

Mutual funds will crash like the dollar I agree with real estate
Comment from : Oldesouth Farm

Swing and a miss…
Comment from : John Archuleta

I usually like Dave but I just couldnt agree with him on this
Comment from : jonny john

“Paper is poverty, it is only the ghost of money, and not money itself"br -Thomas Jefferson
Comment from : JP

Yes Anyone saying otherwise is a fool
Comment from : Mark Denenberg

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

Dave Ramsey won’t exist in 10 years
Comment from : Mike Hawk

Dave gives really good advice about spending less than you make, but knows nothing about the overall economic picture Just because what he’s done during his life has worked doesn’t mean it will continue to work Dave has never lived through a currency collapse like we have coming Definitely go against Dave’s advice on this and get yourself some precious metals to go along with your beans and bullets
Comment from : Ed Blaskowski

Joe Biden's Mass spending that's not what caused inflation that's what you're saying?
Comment from : komomono

What about strategic metals like copper, or better yet bismuth or indium?
Comment from : The Peter Dislike Show

Dave has several hundred million??? I thought he had maybe 50 million tops He's super wealthy, not the regular kind
Comment from : Nepthu

Diamonds have comparable value to rocks in the driveway?! Seriously? Haha I wont even waste my time explaining this I WOULD NOT TAKE ADVICE FROM THIS GOOF!!!!
Comment from : Allan White