Gold Hits Record $1900 / Google "Gold Terrible Investment" And You Get Dave Ramsey

[SuperBrobot]

Before youtube and everyone talking about gold being super valuable it was $500

AHAHAHAHA

[patrick258181]

I'm loving this clearance sale right now saved all year. bought a lot of silver little gold. It's the only market in which watching the price going up puts me in a good mood and I love when it dips hard. Win Win.

[edgarsanchez1904]

where is the cheapest place to buy gold?

[wherearewegoing]

@edgarsanchez1904 The mines? :-o

[edgarsanchez1904]

how do u know when is real gold and make sure they dont scam u?

[DukeofWellington91]

@edgarsanchez1904 buy from recognised companies or mints, such as the perth mint or europacific precious metals. I buy gold from goldmoney as they store it for me. Just check out the internet for scams etc. usually people will report something and make sure you get proper coins not numismatic coins etc.

[edgarsanchez1904]

@castorios i doubt it will dropp homie

[aboutsupplies]

my god it just hit like 1700

[TimLoos1]

You got the correction down to $1750 right.. Hope it stays there, and not drop any further.

[Castorios]

@TimLoos1 I want it to drop to 1500 $ so I can finally buy some !

[DukeofWellington91]

@Castorios Don't think it is going that low, buy now before the Eurozone implodes.

[davidlee110]

ugh, look at the gold chart now. :/

[markreginald]

I posted a question on Dave Ramsey's FB page on his take about Gold and Silver.  It should be interesting on what he has to say....

[MoneyBags73]

@markreginald Looking forward to hear a response! He will probably ignore it!!!

[ytgv3fc7]

@Moneybags73 if you google "man texas $16 home" you'll see a man got control of an abandoned house for the cost of filing papers, $16, which at that time was not quite 1/2 the price of 1 oz silver 9999 pure.

So the day may already be upon you depending on your nation of origin, laws about property ownership. It's an old, old law, still on the books. That's a real discount and it's TODAY.

[ossington7]

you only get about 5% of the value of whatever you sell to the pawns shop

[Sicco1978]

gold and silver has dropped right now..

Gold at 1828..

Silver down with 5%!!

[teamhunley]

Yeah, I cashed in some jewelry I never wear, but it is was to buy food and ammo... I know they made money off me, and that sucks but I needed the prep items. Can't eat old gold jewelry =(

[ray12970]

Try to imagine all the ounces of gold you drove by that's just sitting in the hills around you, waiting to be dug up. Now that's an interesting prospect. Ha Ha ! Thanks for posting ; ) 

[notpcone]

US Mint has suspended all Gold Coin sales.

[notpcone]

Dave Ramsey is a Putz.

[notpcone]

Cant wait till Obumma speaks again. Can't wait for Bernancke to release QE3. Giant house of cards folks.

[teamhunley]

@notpcone You got that right!

[dave0z96]

I like to diversify in gold, silver, and a food storage plan .What ever is left over I pay bills with, and buy parts for my hot rod . I got to have a hobby to keep me sane . Ive been doing this since I graduated in 2002, and its worked out pretty good so far .

[Eraser7622]

Good call my man... goes to show that using solid reasoning coupled with open eyes and mind can yield solid investment advice.. unlike the talking heads who regurgitate what they are fed.

[Clarissa2424]

I love watching videos "on the road." Makes me feel like i am on vacation or something. oh Watch out for that truck! You're following too close! I have to go to the bathroom!

Corrections seem to be in the hands of the hedge funds and big money speculators right now. If they start to 'fancy' another investment or want to take profits - OUCH.

But, always good to have a gold coin in the safe.

[captvanhalen]

Dave Ramsey is good for managing (and getting out of) debt. Once you are debt free, you can move on to other mentors.

[TheShadowShow00]

I don't see a huge 30% correction in Gold coming unless QE3 comes into play. I actually see it going higher when one of these large financial institutions fold. ie;

Bank of America/Goldman Sachs!

[Clarissa2424]

@TheShadowShow00 I thought that Quantitative Easing by the FED was a reason for Precious Metals to rise (because the dollar is being devalued?)

Anyway, right now, I think precious metals are going up because of EUROPE. Europe has a lot more trouble than the US. US is fearing contagion by Europe.

In 1980's Gold was high because of Hyperinflation. If the world goes into another Recession, Gold may go down like in 2008. Gold went up again when the FED put out QE1 and QE2.

[TheShadowShow00]

@Clarissa2424 I meant that people will begin to take profits from their gold investments and begin to place cash into the equity markets. Once their faith has been somewhat restored with QE, they may begin to take long positions on the stocks that have suffered so severely over the last few months and continue to prop up this fake economy. I see it as a short term correction if Qe is announced but eventually the metals will regain and shoot past their current levels.

[ANTIDALLARD]

There is a LOT of silver around. Its in peoples attics, basements, mantles, etc. In the 80s It came out of the woodwrk, and killed off the Hunt boys attempt to corner the mkt. Same thing will happen again. When gold gets to expensive and investors run to silver, people will dig it up and sell enmass.

[junkyarddog47]

Dave Ramsey is clueless on the gold issue.  That is very sad

[IrradiateTheNWO]

u made your prediction on 1/11/11.

[Sicco1978]

Where do you live.. in the desert? Better to buy food then :-)

Tnx voor de vid..

[fieryphoenixe]

Glad you got your prediction.

[metalmadnessTV]

nice...

so when is silver going to be $500 oz :)

[scatesify]

You said that you want buy a house with 800 ozs. At what price are you willing to sell your silver. It should not take that much especially with the housing market tanking even lower

[GuildF40]

Nice Vid mate and well done on your prediction:)

Keep them coming .

[qwsdcvist]

Do you think silver will go down any?

[dowhatuwill]

Congratualtions. Not many are willing to stick their neck out like that- and be right too!

Some-like Mike Maloney- say you'll be able to get a house wioth 250-300 ounces,

[dowhatuwill]

Congratualtions. Not many are willing to stick their neck out like that- and be right too!

[assman255]

a beer cost 2.50 at bar, sucks!