/biz/ - Business & Finance

>>17499007
Stop shilling Ramsey here he's a fucking boomer

>>17499042
lol, how many millions of dollars do you have? he's one of the best businessmen in the country

>>17499050
>he's one of the best businessman in the country
We need flags to stop these pajeet shills

>>17499007
> I love to see the triggered liberals get mad over this
hard cringe, leave this place right now, go outside and step in front of a truck

>>17499119
Honestly he has good advice

Sorry breh, I will always have at least 5% of my wealth in precious metals.

>>17499143
>hard cringe
Wanna know how I know you’ve never seen, smelled, or touched a real human vagina in real life?

>>17499197
i'm literally married with kids.
get fucked cunt

>>17499150
If your IQ Is less than 80

>>17499479
His no debt plan is good and they way to get there also, have a financial backup and invest from that point on is good advice

>>17499479
>>17499485
It's a bit common logic so yeah you might be right about the 80iq

Dave is a great American, it is honestly un patriotic to put anything in to something besides the very strong US dollar. Gold is commie bullshit

>>17499007
>If you look back 50 years gold has a 2% rate of return

The price of gold on 27th Feb 1970 was $35.02/oz

35.02 * 1.02 ^ 50 = $94.25

This guys a complete fucktard

Ramsey is talking about people who literally buy physical gold in market up, liquid forms like coins because they actually anticipate bartering some day with the gold.

Most people who diversify into gold put like 5% in it, and if gold pulls a 10x like it did before than they just re-balance that profit back into the rest of their portfolio. But if it doesn't do anything it doesn't hurt them that much. Its a hedge.

>>17499007
>1970
>Average house price in US = $25,000
>Mutual fund with $25,000, nothing added, 8% return yearly
>$25k into gold @ average price of $38.90 = 643oz
Fast forward 50 years
>2020
>Average house price in US = $227,000
>50 year of 8% returns in mutual fund off principle $25k = $1,175,000
>(643oz of gold) x ($1650) = $1,060,000
ASSUMING THE PRICE OF GOLD DOESN'T RISE EVER

Also, which option do you think is safest and away from JEWS? This also isn't even taking into account silver.

>>17499042
>Noooooooo HE'S OLD!!!!!

>>17499007
I counter your boomer with my boomer.
Ramsey is good at working within the current paradigm. We are heading into a different world where the US dollar is not going to be the reserve and all that 'faith' Ramsey talks about in his answer has been shattered. Don't put all your eggs in one basket, but gold is amazing at preserving its purchasing power and allowing you to buy when there is blood in the street.
>vid is a bit long but worth the time if you are the type to cruise /biz/ on a Friday night.

>>17499874
https://www.youtube.com/watch?v=Ok73IoKxCss
derp I forgot the link

>>17499874
Also, fucker is ignorant to the jewish banking system. Gold is a tier 1 asset. Idiot boomer thinks that people will actually use it as a currency and not use it as an anchor for the currency to prevent insanse inflation and out of control government spending, exactly like what we have today.

And don't forget that foreign governments are secretly starting to back their bonds with physical gold, because they know that's the only thing another government can trust. This boomer is unironically an international brainlet, like all boomers who live in their own fart bubble, pic related.

>>17499821
He fucking told his listeners Bitcoin was a SCAM 5 years ago

>>17499927
Yea Ramsey is a cuck and probably doesn't understand that gold/silver is the only asset without counterparty risk. His whole argument is that anything can be money it just involves trust. Well dipshit, when you print trillions of dollars to fight infit wars for israel people start losing trust in your shitty fiat USDs.

>>17499615
>gold is not used as a medium of exchange in crashed economies
people in zimbabwe had to pan for gold after their dollar crashed. theres video's all over youtube showing them sifting gold powder in their useless notes. the US eventually bailed them out.
he was also wrong about southern states using union notes after the civil war. most of the south used state/city or even company notes (miners/steel). up until the mid 1910's. with no reference to the west coast refusing to use fiat at all due to the abundance of gold.
made no remark about how most hedge funds have a gold holding.
and ignored that other than crypto it was one of the top performing assets in the last 20 years.

ive listened to this guy a few times. this guys specialty is telling people to pay off their highest interest debt before the lower.

>>17499687
Dont hold it dont own.it

>>17500049
Yeah he seems to have an awful alot of trust in a government that is teetering on a razor edge of complete socialism. Our financial system has already been socialized to the .001%, you can imagine where it goes from here. I wouldn't take any advice from any Boomer EVER. They are gonna get wrecked the hardest, and the already are.

>>17500050
>this guys specialty is telling people to pay off their highest interest debt before the lower.
Literally gradeschool level finance advice. Boomers feel like they need to write a book on the most basic shit and that makes them important.

>>17499007
LEAVE MY DAVERINO ALONE YOU FUCKING FAGS
YOU'RE JUST JEALOUS THAT YOUR GAY CRYPTO SPECULATION DIDN'T PAN OUT AND YOU HAVE A BUNCH OF DEBT
MEANWHILE THIS BASED CHRISTIAN MAN IS A MULTI MILLIONAIRE AND HAS HELPED THOUSANDS OF PEOPLE STAY AWAY FROM THE CLUTCHES OF THE JEW

>>17499007
that idiot recommends picking good mutual funds instead of just buying an index. idiot boomer

>>17499007
Time in the market is better than timing the market, just like he says. i plan to live like no one else until i retire at 65 then live the fabulous life going on cruises, visiting hotels, and eating steak at good restaurants. I’ll have the last laugh while all of you idiot smoothbrains wallow in life and then ultimately burn in hell

>>17501187
You're in /biz/ where half of us are up 10x off our LINK stacks.

>>17499007
holy shit this boomer is a fucking brainlet, i can't stop keking at the absolute low IQ of this clown

>>17499119
4biz xyz is the way

>>17499494
>Yeah dude, not going into debt is pretty common logic, anyways...
*Proceeds to margin trade shitcoins losing thousands of dollars in the process*

>>17499007
Stupid fucking boomer who keeps relating to 50 years ago, when the social, political, and economic state of affairs were completely different to what it is now. We're entering a new paradigm of uncertainty about the post-war order. The USD isn't going to be king forever. It's much more pragmatic to keep your money in gold.