The Persistent Illusion of Gold

Ramsey Everyday Millionaires

Ramsey Network

Investing, Careers, Business

4.6 • 3.6K Ratings

🗓️ 6 October 2023

⏱️ 10 minutes

🔗️ Recording | iTunes | RSS

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Summary

Listen to how ordinary people built extraordinary wealth - and how you can too. You’ll learn how millionaires live on less than they make, avoid debt, invest, are disciplined and responsible! Featuring hosts from the Ramsey Network: Dave Ramsey, Ken Coleman, Rachel Cruze, John Delony, George Kamel & Jade Warshaw. Helpful Resources: Need Help with your investments? Click here to connect with a SmartVestor Pro. To learn more about how to plan for Retirement click here To learn more about Investing click here Create a college savings plan for your child’s future. Click here to connect with a SmartVestor Pro. Learn more about your ad choices. https://www.megaphone.fm/adchoices Ramsey Solutions Privacy Policy

Transcript

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0:00.0	This episode is sponsored by Smart Vestor.
0:07.2	Connect with an investing pro for free at Ramsey Solutions dot com slash invest.
0:15.2	You're listening to Ramsey everyday millionaires where we talk investing, retirement, building
0:19.7	wealth, and outrageous generosity.
0:22.8	Dick Murray published this essay in a financial planning periodical that I got a hold of this
0:30.4	week.
0:31.4	One of my buddies sent it to me in the business, it's very well done and he's kind of a snarky
0:35.1	like you, George.
0:36.1	That's why I like him.
0:37.1	I like this reading this article.
0:38.1	Yeah.
0:39.1	The persistent illusion of gold.
0:41.0	This is good.
0:42.0	Yeah.
0:43.0	For the second, for the record, the subtitle of the Wall Street Journal piece is Swings and
0:46.0	Stocks and Bonds and Boosted the Metals popularity with ordinary investment.
0:51.1	The statistic at the heart of the article is the percentage of Americans who believe
0:55.2	gold is the best long term investment jumped to 26% this year from 15% in 2022, according
1:03.1	to a Gallup report from May.
1:05.4	In contrast, those preferring stocks dropped to 18% from 24% last year while those favoring
1:12.1	bonds climb to 7% from 4%.
1:15.5	This happens quite reliably every time there's a bear market in stocks.
	...

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