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A woman named Kelsey from Georgia recently wrote to \u201cThe Ramsey Show<\/a>\u201d with a very specific money dilemma. She and her husband are in their late 40s, have less than $100,000 saved for retirement, and have one last gift of silver coins<\/a> sitting in a drawer; coins their mother-in-law asked them not to sell unless the dollar collapses in a post-apocalyptic scenario.<\/p>\n \u201cShe made us promise to keep the last and final batch for when the dollar has lost its value in a post-apocalyptic world,\u201d Kelsey wrote. \u201cCurrently, silver spot prices are doing very well. And I\u2019ve been pushing my husband to sell so that we can fully fund our big emergency fund and start investing.\u201d<\/p>\n Don’t Miss:<\/p>\n Her husband, however, is stuck. He doesn’t want to go against his mother’s wishes, even though he’s also concerned about their lack of retirement savings.<\/p>\n George Kamel, co-host of the show, cut straight to the point. \u201cThere is a much higher chance you will retire broke<\/a> than there is you\u2019re going to need to cash in your silver in the apocalypse,\u201d he said.<\/p>\n He added that it’s a sweet gesture from the mother-in-law, but \u201cyou\u2019re grown adults. You get to choose what you do with the money.\u201d<\/p>\n Kamel emphasized that the heart behind the gift was to help the couple, and right now, they clearly need the help. \u201cThis is going to help you to start investing so that you can build exponential wealth with compound growth instead of hanging on to your debts, not having an emergency fund,\u201d he said.<\/p>\n Trending: Accredited Investors Can Now Tap Into the $36 Trillion Home Equity Market \u2014 Without Buying a Single Property<\/a><\/p>\n Co-host Rachel Cruze expressed concern about the strings attached to the gift. \u201cI don\u2019t like a gift with strings attached. It just feels weird that she\u2019s still controlling the gift after it\u2019s been given,\u201d she said.<\/p>\n There was some humorous back-and-forth, too. \u201cIf it was the end of the world, who would you have [beside you]? Because they have to contribute,\u201d Cruze joked, adding that silver wouldn’t feed a family when compared to, say, deer meat and a deep freezer. \u201cI would say you and I are useless, George,\u201d she said.<\/p>\n The conversation comes at an interesting financial moment. The U.S. dollar has lost nearly 10% of its value<\/a> this year, while precious metals like gold and silver have surged<\/a>. Gold recently hit historic highs, and silver prices are also spiking. Central banks and investors have been buying up gold as a hedge against inflation and economic uncertainty.<\/p>\n","protected":false},"excerpt":{"rendered":"Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. A…\n","protected":false},"author":2,"featured_media":107844,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[28],"tags":[5405,156,157,111,139,69,4657,77605,77604],"class_list":["post-107843","post","type-post","status-publish","format-standard","has-post-thumbnail","category-music","tag-emergency-fund","tag-entertainment","tag-music","tag-new-zealand","tag-newzealand","tag-nz","tag-retirement-savings","tag-silver-coins","tag-silver-spot-prices"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/107843","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/comments?post=107843"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/107843\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media\/107844"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media?parent=107843"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/categories?post=107843"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/tags?post=107843"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}