Should We Buy Gold as Part of Our Emergency Fund?

The Ramsey Show Highlights

Ramsey Network

Self-improvement, Education, Investing, Business

4.6 • 682 Ratings

🗓️ 19 May 2021

⏱️ 10 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, Christy Wright, Anthony ONeal, and Dr. John Delony. Part of the Ramsey Network. Delivered to you five days a week. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	It's Wednesday, and this is the Ramsey call of the day.
0:03.6	Part of the Ramsey Network.
0:06.6	Joining me today is Ramsey personality, Rachel Cruz.
0:11.6	Michelle is with us in Scranton, Pennsylvania.
0:14.3	Hi, Michelle. How are you?
0:16.7	Hey, I'm great. How are you?
0:18.3	Thank you for taking my call.
0:20.0	Sure. What's up?
0:20.8	Very exciting.
0:22.9	My husband and I are on our baby set too. It's been amazing and to encourage people out there.
0:29.5	If you're starting this journey at 58, it's not too late, and Dave can change your life.
0:36.3	And the second most important part is that my husband wants to know what you think for investing.
0:42.5	And would you advise sort of to hedge against inflation buying some gold coins as part of their emergency bond?
0:53.1	Okay.
0:56.1	No, and I wouldn't suggest you buy stock in Home Depot either, or Apple or Exxon.
1:07.8	Why?
1:09.1	Because the price is too volatile to use as an emergency fund.
1:13.8	The purpose of the emergency fund is insurance, not investment.
1:18.7	It's there for the rainy day.
1:21.6	The umbrella is there for rain only.
1:25.1	It is not there to fight off bears.
1:28.1	It's just for rain.
	...

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