I'm in Dave's class now and am enjoying it, however I felt he was incorrect on gold. I had the conversation with a few people afterward.
And everyone saying gold is or isn't an investment.. Is it not a HEDGE? Gold doesn't pay dividends. True. But it protects purchasing power. You put a part (large or small, up to you) in gold to protect your purchasing power and you might put another part to work trying to beat inflation....
And then he said gold is at an all time high - houses aren't - so I would buy houses.. Hey Dave, cough adjust for inflation and then consider the options again cough.
Oh well. I love Dave and the way he gets through to people who can't control their spending and so on - but I would take investment advice from Peter Schiff.
And everyone saying gold is or isn't an investment.. Is it not a HEDGE? Gold doesn't pay dividends. True. But it protects purchasing power. You put a part (large or small, up to you) in gold to protect your purchasing power and you might put another part to work trying to beat inflation....
And then he said gold is at an all time high - houses aren't - so I would buy houses.. Hey Dave, cough adjust for inflation and then consider the options again cough.
Oh well. I love Dave and the way he gets through to people who can't control their spending and so on - but I would take investment advice from Peter Schiff.
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