The video below is living proof that CNBC journalists don’t understand gold. While some in the video have gone on to other jobs or have passed on, they have been part of a trend at CNBC of continued ignorance along with other financial advisors as to how gold fits into a diversified portfolio. Most of this ignorance comes from their adherence to …
Read More0Jan
15
2011
Dec
18
2009
Dave Ramsey Doesn’t Know the First Thing About Gold
By: Doug Eberhardt
Category: Gold
Tags: buy gold, dave ramsey, Don't buy gold, Gold, Gold bad investment, gold is money, Inflation, jeremy siegel, Stock for the long run, stocks for the long run, U.S. Dollar
The advice from Dave Ramsey is to “only invest in something that has a good long-term track record.” Well Dave, in case you didn’t know, gold has over a 5,000 year track record. Is that a long enough track record for you?
The U.S. Dollar on the other hand has only a 38 year track record without gold backing.
Read More0