Dave Ramsey says that gold and silver are bad investments. I agree. However; they are great insurance against a dollar crash and inflation. I certainly wouldn’t put all of my wealth in precious metals. The Federal Reserve has done massive, unprecedented dollar creation over the past few years. This will most likely lead to massive inflation, and possibly even hyperinflation.
Based on the history of the two metals, they will appreciate very well in a period of high inflation. So, is Dave Ramsey right? Partly. Gold and silver are bad investments, as they do not pay dividends or interest. They are, however, great insurance against a runaway fiat currency.