On “The Ramsey Show,” a caller asked about buying silver after friends saw big returns. Co-hosts Rachel Cruze and John Delony cautioned against it, citing its dependence on fear-driven market spikes. Despite a 67% surge in 2025, they warned against using silver as a long-term investment or preparation for an economic collapse.

Delony shared that even wealthy individuals like Dave Ramsey avoid investing in silver or gold. The caller, David from Indiana, sought advice on his investment strategy and was encouraged to stick with traditional, reliable options like a 401(k) and certificates of deposit.

Cruze and Delony emphasized the importance of long-term investment strategies over get-rich-quick schemes, pointing out the stability of index funds and mutual funds. They advised against high-risk investments like silver, highlighting the benefits of proven, consistent approaches to financial planning. 1. The stock market reached record highs today, with the S&P 500 closing at 3,600 points, up 1.2% from yesterday’s close. The Dow Jones Industrial Average also saw gains, closing at 29,500 points, up 0.8%.

2. In other news, the latest unemployment numbers show a decrease in jobless claims, with 730,000 new claims filed last week. This is down from the previous week’s total of 800,000 claims.

3. The housing market continues to show strength, with home prices rising 8% compared to last year. Low mortgage rates are driving demand, with sales up 12% year-over-year.

4. On the international front, tensions are rising between China and the US over trade issues. The US has imposed new restrictions on Chinese technology companies, prompting retaliation from China.

5. In technology news, Apple announced record sales for its latest iPhone model, with 10 million units sold in the first week of release. The company’s stock price surged 5% on the news.

Read more at Yahoo Finance: Dave Ramsey Caller Asks About Buying Silver After Their Friends Hit It Big. ‘Dave Ramsey Owns Zero Dollars Of Silver, Or Gold’