I respect Dave a lot, but he has painted himself into a corner on this gold thing and will go over the cliff with flags flying. While he has been trashing gold, others have been laughing all the way to the bank.
Gold can not always go up and like with everything else what goes up must come down. So if gold goes down, what then?
I respect Dave a lot..
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I do too , but he is of the mind that this sinking ship just needs a fresh coat of paint ,,, his investment advice is stuck solidly in the past when the economy was vigorous... and the fact that he doesn’t understand the danger of the OUTRAGEOUS FORWARD P/E of this market while we’re stuck in neutral and sliding backward down the hill towards the very real cliff where we turn into 2007/2008 Zimbabwe ... The best anyone can do is save money (cash) ,, forget about debt (it’ll fix itself with 1000% monthly inflation) and gather REAL asetts. There might be a year or so left in the stock market ,,, Bernanke will make sure of that with his printing press ... or there might be a week ... There CERTAINLY won’t be a 10 year time horizon that Dave Ramsey predicates his investing advice upon. And like in Zimbabwe , that $100 investment may become “worth” $100 million but it won’t buy a dozen eggs... a single chicken would have been worth MUCH more.