With so much economic and political uncertainty in the United States, consumers continue to wonder if their money is safe in the bank. With this fear swirling around and seemingly growing by the day, many people are investing in alternative assets, such as gold.
Dave Ramsey — in true Dave Ramsey fashion — provided straightforward feedback on his thoughts about the U.S. banking system failing.
“People are going and buying gold; banks are going to fail,” he screamed. “It’s like they live in the wild, wild west or something.”
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Ramsey’s point is that the United States government is designed to effectively manage any situation that comes its way.
“You don’t know how the FDIC insurance works,” Ramsey asked. “The entire federal government would have to fail for you to not get your money out of your bank when you have less than $250,000.”
Yes, it’s true that there’s FDIC insurance to…
