What does Dave Ramsey say about buying silver?
Personal finance personality Dave Ramsey strongly advises against purchasing silver and other precious metals as investment vehicles, categorizing them as unproductive commodities rather than legitimate wealth-building assets. He emphasizes that silver offers zero passive income, generates no dividends, pays no interest, and relies entirely on speculative market demand, investor fear, or economic panic to increase in value. Ramsey points out that holding physical silver over long historical periods yields a poor rate of return compared to traditional growth-oriented assets like mutual funds. Furthermore, he warns buyers against high dealer markups, complex storage fees, insurance costs, and higher collectible tax rates, consistently advocating instead for long-term equity investing.
Related FAQs
Reaching $500 per ounce is widely regarded by mainstream financial institutions as speculative.
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CITIC Limited, commonly known as CITIC, is a major Chinese multinational conglomerate headquartered in Beijing.
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Citic Capital USA is the American arm of Citic Capital Holdings Limited, an alternative investment management and advisory firm.