Does Gold & Silver Make You a Loser, an Idiot or Worse? Intro to the S.L.I.M. Matrix

Let's see how you're doing with your gold and silver planning for emergency events. I may be a bit too forgiving when it comes to stacking gold and silver, so we're going to channel good old Dave Ramsey to see what he might think. Are you an Idiot, a Loser, or worse? Let's see!

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[isgold]

👋Welcome fellow Idiots, Losers and Morons!! Thank you all for watching. YT doesn't like this one again and is keeping it off the main timeline because I used the word "moron". Appreciate you putting up with my insensitive, dirty words. 🙏🙇

[philtaylor]

Dave Ramsey gives out great advice to people who have no idea about money

[winstonHancock-bkok]

People who make money selling "investments" will never promote gold and silver.
There's nothing in it for them. I get it.

[ryanturner]

I used his debt snowball to clear out all my student loans, car loan and other debt. That's good advice. Yet I objectively knew his advice on gold/silver was ridiculous when I heard it even though I wasn't a stacker at that time. History is a great teacher. Here I am. I just bought more gold and a little silver on that dip yesterday. If I look at the value of my metals from the past until now, there are almost no assets that performed better....

[rbs]

As a "boomer" don't put too much faith in what I have to say. You'll learn your own life lessons over time, just like the rest of us. Of all my investments, accounts, etc, the metals that I have accumulated are the only "money" that I'm not worried about.

[followingflinn]

As a gen x who got out of debt and paid off my house while listening to Dave, I also have common sense. So I’m here.

[tommyboy]

If you bought gold at $1200, now it's $2300 so Dave was wrong 😂😂😂

[alishakir]

You are right gold does protect against currency risk. In 1981 I spent 100 Iraqi dinars to buy a 100 dinar gold coin, which was 0.766 oz gold, which I still have and I also have a 250 dinar bill. Today the coin is worth $1890 and the 250 Iraqi dinar bill can’t be cashed anywhere and aside from having questionable collector value, isn’t worth anything.

[manyhobbies]

I’m an idiot aspiring to becoming a moron….. and my name is Dave.😊

[rustyshackleford]

Dave is a fool. I remember him making an argument against gold by saying Iraq switched currencies and didn't go to gold. How can he not realize the people with gold still had their wealth after a currency change, while those who only held the previous Iraqi currency were wiped out? He essentially made the argument for gold without even realizing it.

[williamthompson]

What sets 2is1 apart is rationality, balance, an open mind, and best of all -- wit.

[cmthatch]

Dave Ramsey has wonderful advice when it comes to getting out of debt. Once you're out of debt, his advice on saving/investing is questionable at best. The way I see it, you can only do three things with money:
1. Spend it
2. Invest it (Includes speculating, gambling, etc.)
3. Store it
I agree that we don't want to spend it all. The question is what to do with what we don't spend. Dave says to store enough for emergencies, and invest the rest in index funds and forget about it. I'd say it's better to eliminate the inflation risk and counterparty risk and store it in PMs. Then invest in yourself -- learn some new skills, purchase equipment that makes you more productive, start a business, etc.

[cabbagesoup]

Gold and silver have been great for me for the simple fact that after a certain amount of time I just feel like spending money. Used to buy dumb stuff that had no value. I buy stocks but you can easily turn around and sell them. Gold and silver are a little harder because one way or another I would have to get up off my butt and go to my local coin shop or post office and I don’t ever do that. So it gets that itch satisfied to buy stuff, it appreciates in value and while it’s easy to sell it’s not that easy.

[WorldMoneyWins]

I'm the loser. Zero debt, and assets.
Ramsay worships paper... I'll be buying houses as Ramsey's disciples are having their's foreclosed on. 🙂

[ComicCommando]

I haven't listened to the Ramsay in a long time but I'd wager he'd never say owning too much real estate or stocks would be greedy. This leads me to think he likes to pump his own bags and feed the broker fee cartel.

[Thepatriotstacker]

Let’s go!! One of the best channels for the metals!

[wasillastacker]

After I retire, I'm hoping I live long enough to sell off all of my stack on the things I love to do. Ideally I will sell my last coin the week before I leave this world. Thanks as always for the insight brother. Keep up the hard work.

[papaswoodshop]

I am 64 years old. I have had many hobbies. I stack as a hobby. It is the only hobby that I have ever had that I did not loose 25% to 50% as soon as i spend money on the hobby.

[martync]

I will take Daves advice on gold and silver when he takes my advice on diet and exercise.

[robertm]

What's Dave Ramsey saying about Gold now. He probably wishing he bought some years ago. I think his clients should make him buy fractional gold and tell everyone that he is sorry.