(Dave) Ramsey's Fallacy - A rebuttal to his negative position on goldSubmitted by jigragu on Wed, 12/02/2009 - 16:27
Dave Ramsey, a popular personal finance expert, provides beneficial solutions for individuals with debt problems. His unique and no nonsense strategy of shuttering all debt via his 7 baby steps, in combination with using cash for all purchases, is a simple approach that people easily connect with.
Ramsey has been advocating this style of personal finance for many years now. When it comes to managing personal debt, he more than likely has helped tens of thousands of people avoid difficulties from the current economic calamity. Ramsey is to be commended for these efforts. His investment advice, on the other hand, is something any intelligent investor should be cautious of.