I have long known of Dave Ramsey's dislike for gold. On one rare occasion, about three years ago, when I actually listened to his program, he volunteered Why he didn't care for gold. He explained that 20+ years earlier, when he was younger and much less investment-savvy, he put a good bit of money into gold speculation (not physical, mind you). He lost his shirt. He went on to say that his dislike for gold was purely emotional. It was then that it made sense to me -- he didn't have a rational reason to dislike gold; it simply stemmed from the emotional response to a poorly executed investment decision.

Robbie, you are really testing me right now! haha I want much less! I want my taxes to drop substantially so I won't be a slave to the government! And yeah having more freedom would be fantastic. :)

Thanks Robbie

Thanks Robbie! Happy New Year to you as well! I agree with you. There should be no such thing as withholding. As you say, people should have to write a check for their taxes. I know I sure cringe and feel that I'm not getting my monies worth!

Ok let me clear this up. I'm a big gold and silver guy. I have over a one year supply of food, I have many guns and thousands of rounds of ammunition, a generator, I'm a farmer so I have plenty of ground to plant crops into. So for anyone to buy gold for a crisis my full recommendation would be to have food storage first and foremost. So I can tell you right now, no one is stealing my gold and silver. And when a crisis hits you're correct in the beginning people won't understand the value of gold and silver they will just be worrying about feeding themselves and their families. (That's why there will be riots) When those people kill themselves off, after a short while people will recognize gold and silver as money again. Check out the last 7 minutes of one of my podcast episode, "Japan and what a currency collapse looks like." When a currency is collapsing gold and silver are seen as money once again. (As they should be) There is a reason gold has been seen as money for thousands of years. Because it is REAL money.

Thanks for the suggestion but the nearest to me is over an hour away.

I use Money for checks only. Any information that is in the software in put in there by me. I do not do banking of any sort online. I have spent many years in the computer industry and fully understand that the "Secure Server" is not always secure. Cases in point: Home Depot, Sony just to name a few etc. The best way to be secure is to not pass vital information across the Net that could give someone access to a banking account. I am up on technology but I am still somewhat old school. ;-)

Excellent point..........!!!!!

NealS

"I took it both times, put it in my interest bearing savings, and paid it back the day before it was due. They stopped sending me those offers."

Boy, do I love that...........sort of "Ragnar-ish" in a way....................I don't get offers any more either......................

all i have is some jewelry items. if i were to sell them all i would get is the value of the gold and a ham sandwich.

All that may be as you say I would not argue that point. I have been and am still using MS Money since version 2.0. However, my point with or without the inflation numbers and deflation numbers, which I do not keep track of as it is useless to my frame of reference, which is to pay as little for an item, whether it is a car, house or pajamas. I use only AmEx and refuse to own a VISA or Mastercard. When the bill comes in I pay the total balance. If I have to wait to purchase a large item that is fine. I pay only the annual fee and NO interest on my AmEx. This works very well for me but may not be for everyone. The time spent following and calculating the inflation and deflation numbers can better be spent doing wood working projects or reading articles and comments on Galt's Gulch.

Something I posted in the run-up to Y2K (The biggest urban legend before Man-made global warming)

Suppose the world collapsed back to basics. You may have by then accumulated a substantial stored value in gold. I, on the other hand would probably have prepared for that eventuality by acquiring a wheat field, a stone grinder and an oven. Unless you use some of that gold to acquire the means to produce something for exchange, I will eventually have all your gold and still have my wheat field, grinder and oven.

I find paying interest on anything one does not have to pay interest to be a dumb idea whether fixed or adjustable. Just how I roll. If one has the means to pay something off and thereby pay less in interest that is the correct way to handle it. Since getting interest on savings is generally less than 2% and interest on cars etc if considerably higher. I also have an Am Ex and don't charge on it unless I can pay the total balance when the bill comes in.

Yeah, isn't that sick! I also can't stand why on earth do we have to pay estimated income taxes. Those a-holes in the Government can wait until April 15th to steal my money!

You bet. I have decided NOT to be politically correct. I say what I think pretty much all the time. I give people the benefit of the doubt, since there is so much disinformation out there, but everyone knows my take on things for sure !

That's a great story. Dave Ramsey doesn't believe in using credit cards at all. But of course people aren't good with money like you are and as responsible as you. I use credit cards for everything as well and I pay them off in full every month.

Ohh come on man. The sister metal to gold is silver. So if your eating at a restaurant you would put down silver as payment for your meal. Gold is real money!