How Do I Turn This Into Money?
The Ramsey Show Highlights
Ramsey Network
4.5 • 840 Ratings
🗓️ 3 December 2024
⏱️ 8 minutes
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| 0:00.0 | Brought to you by the Every Dollar app. Start budgeting for free today. |
| 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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