David McAlvany on Gold / Sam McElroy on Debt
February 10, 2020
Hosted by Jordan Goodman
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Episode Description
Why is gold such a hot investment lately? How can we expect gold to perform over the next 5 - 10 years? Why is gold performing so well over the globe? What role does the trade imbalance between the U.S. and China have to do with the spike in gold values? David McAlvany, CEO of McAlvaney Financial Companies and his newest venture, Vaulted, talks with Jordan Goodman about gold, national and international economies, and why Vaulted offers investors a new way to better manage precious metals portfolios. The second half of the show features Sam McElroy, Co-Founder and Managing Member of @financial and @financial Investments. McElroy and Goodman discuss why we should all be concerned about the increasing level of debt held by Americans despite rising FICO scores. McElroy talks about why debt can be one of the greatest destroyers of wealth, how spending power can be significantly undermined by interest paid on debt, and why Americans need to face the reality of how debt accumulates.
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Jordan Goodman
Jordan Goodman has a mission: to help everyone do better with money. Since graduating the Columbia University School of Journalism in 1977, he has spent the past 32 years combing the country to find the very best ways to help consumers make and save money and then sharing these gems with the public. As a staff writer/reporter at MONEY Magazine for 18 years, a weekly commentator on NBC News at Sunrise and Public Radio’s Marketplace Morning Report, and through his 12, soon to be 13 highly respected books, and his website www.moneyanswers.com, he has provided useful, common-sense information to the public. Some of his better-known books include Fast Profits in Hard Times, Everyone’s Money Book, the Dictionary of Finance and Investment Terms and Master Your Money Type. Jordan is a rare combination: someone who possesses not only encyclopedic knowledge about every area of personal finance but also a passion for helping his listeners not only to get educated but to take action to help their dreams become realities.
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