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The Ramsey Show Highlights

How Do I Turn This Into Money?

The Ramsey Show Highlights

Ramsey Network

Investing, Self-improvement, Education, Business

4.5840 Ratings

🗓️ 3 December 2024

⏱️ 8 minutes

🧾️ Download transcript

Summary

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Transcript

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0:00.0

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0:06.0

I have a gold dredging operation that I'm part of, and I can expect to gain just about 24 to 35 ounces of gold this upcoming season.

0:19.0

And that is, the operation is paid solely in the metal that we collect,

0:24.2

and no cash or payroll is given. And I'm kind of curious on what would be the best way of

0:32.8

selling that gold or capitalizing on that gold because with the current gold price,

0:38.7

that would be right around from the very worst that we could do, on average,

0:43.9

speaking, I could get around about 50 or so $1,000 with the current gold price.

0:49.4

So that's your pay for a year?

0:52.0

Not for a year.

0:52.9

It's a three-month operation.

0:54.6

Oh, okay.

0:55.0

So in January to April.

1:00.1

But it's your pay for your job?

1:03.9

For the hours ago, yeah.

1:05.2

It's more of a kind of a partnership than it is a job necessarily.

1:11.1

Okay.

1:11.7

All right.

1:12.0

So some guys are going out dredging gold.

1:13.7

You're going to get your cut.

1:15.2

Yeah.

1:15.5

And it's 50 grand.

1:16.9

Well, you may know more about actually liquidating the raw gold than I would know.

...

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