Dave Ramsey Caller Asks About Buying Silver After Their Friends Hit It Big. ‘Dave Ramsey Owns Zero Dollars Of Silver, Or Gold’
“Someone calling in the last part of the songThe Ramsey Show” he asked whether buy silver It was a smart move after seeing friends get huge returns. While it may look like a win from the outside, the co-hosts Rachel Cruze And John Delony He quickly abandoned the idea.
“It’s not a great thing,” Cruze said. silver was a good investment. “Usually commodities like that, gold, silver, they’re all tied to the fear of what’s going on right now, honestly.”
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He explained that silver prices rose when global events caused panic, but fell just as quickly when events calmed down. “You can really see a correlation with the amount of fear that the American people have in life,” Cruze added.
Despite skeptical approaches, silver gained 67% in value since the beginning of the year as of November 2, and this increase attracted the attention of many investors. But Cruze cautioned that these gains do not make it a reliable long-term strategy.
He also noted that some buyers are not only thinking about returns, they are also preparing for an economic collapse. “They’re doing this like it’s an end-of-the-world, apocalyptic plan,” he said. But if US dollar If the Cruze crashes completely, people will silver trade. “There will be ammunition, food and clean water. A little bag of gold? Everyone says, ‘I don’t need that. I need food and shelter.'”
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Delony chimed in with a more personal perspective. “The richest man I personally know and hang out with Dave Ramseyand owns zero dollars in silver or gold commodities,” he said. “I and my household owe zero dollars in silver and gold.”
The caller, David from Indiana, said he had already given up on investing in silver but wanted confirmation. “I know we replace all of the money and, you know, we keep our money in the 401(k) and then some of our money. [certificates of deposit]he said.
Delony encouraged him to stick to his plan. “Keep being boring, man,” he said. “Because the same friend will come back next month and say: ‘I lost all my pants because of silver.’”
Cruze also issued a light-hearted warning about where silver is being marketed. “If they have commercials on cable television, it’s always about reverse mortgages, gold and silver purchases, and walk-in tubs,” he said. “This is the market they prey on,” Delony added.
