Gold Is Just a Rock That’s Yellow, Not an Investment

The Ramsey Show Highlights

Ramsey Network

Self-improvement, Education, Investing, Business

4.6 • 682 Ratings

🗓️ 10 May 2023

⏱️ 7 minutes

🔗️ Recording | iTunes | RSS

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Summary

The Ramsey Call of the Day is a quick, daily dose of advice on life and money in under ten minutes. Hear from experts like Dave Ramsey, Ken Coleman, Rachel Cruze, Dr. John Delony, George Kamel & Jade Warshaw. Part of the Ramsey Network. Delivered to you five days a week. Learn more about your ad choices. https://www.megaphone.fm/adchoices Ramsey Solutions Privacy Policy Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	This is the Ramsey Call of the Day, part of the Ramsey Network.
0:10.9	Joining me today is Ramsey personality, Ken Coleman.
0:15.8	Kevin's with us, Kevin is Corpus Christi.
0:19.5	Hey, Kevin, what's up?
0:22.6	Not much. Thanks for taking my call, Dave.
0:33.9	Sure, man. How can we help? I am retired. I was lucky enough to leave AT&T with a 401k and a retirement both. I live off the retirement and Social Security after taxes. I net about 4,500
0:40.0	a month, which is fine for me because everything's paid for. My house is paid for, my ranch
0:45.2	is paid for, everything's debt-free. I'm over 70 years old, so in about a year and a half,
0:54.1	two years, I'm going to have to start taking cuts from a 401K
0:59.3	automatic payouts.
1:00.8	The government makes you do that.
1:01.8	Yeah, you're required minimum distribution.
1:03.4	Yeah.
1:03.6	Right.
1:04.0	I don't use that money.
1:05.2	It just says there.
1:06.1	It was making money under the Trump administration.
1:08.1	It's kind of losing money right now.
1:10.0	Yeah. But anyway, I don't really know what to do with that money because I don't need it, but I want
1:14.5	at my gut feeling is to invest it in gold.
1:17.7	No, no. No? We don't put anything in gold.
1:22.0	No. If you don't need it and you're going to let it sit somewhere, let it sit in a good
	...

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