Is gold a good investment? – Robert Kiyosaki

Robert Kiyosaki, Andy Tanner, Charles Goyette, Jim Rickards, and Dana Samuelson engage in a deep dive into the current state and future of the US dollar. They discuss the historical significance of gold and silver, the effects of government economic policies, and the dangers of relying on paper assets like bonds. The conversation highlights the growing national debt and advocates for the strategic use of precious metals for wealth protection. The panel underscores the necessity of financial literacy to navigate the complexities of the economy and safeguard assets.

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Robert you sent me one of the most simple head snapping texts I’ve ever received about a year ago the system is not only bankrupt it’s corrupt welcome back Robert K the Rich Dad radio show the good news and bad news about money and today we have some

Really bad news about this stuff here it’s called the dollar it’s called toilet paper it’s called Fiat it really should have been F ke fake money and what we’re talking about here today is these are my four people I do buy from and I buy from them for different reasons because they have

Different the subject of money and gold and uh this is gold and this is silver they’re massive subjects gold and silver have been around for 5,000 years and so today when I meet those young kids who are stackers and they got they think they’re getting they think they’re

Donald Trump stacking you know 500 Silvers that kind of back off because they they lose the reason for it so once again this is uh part two of a four-part series the most important show you could watch because I cringe every time some young guy comes up to me says oh I’m

Doing as I told I’m buying real estate and I look at this guy said you know I recommend 25 years ago I was in real estate real estate’s coming down no it’s not no it’s not or I talk to the guy does my hair I said

Why why are you working for this here why don’t you buy silver no no and again goes back to this book here called the grunch of giants by Dr R Buckman Fuller created the geodesic dome I studied with him for four three years 81 82 83 84 he wrote this book grunt

Stands for gross Universal cash I how wealth is stolen VR money inflation and uh taxes and America was founded as a tax-free Nation but as Fuller says in here our school teachers are the problem our school teachers know nothing about money they’re like my poor dead PhD poor

Helpless desperate and broke and when my dad died broke after pounding on me for years get my PhD I said Dad if I get a PhD I’ll just wind up like you broke but as you guys just noticed just recently we had we had the four the cast

Of three the head of Harvard um MIT and upen it’s about time our government cracked down on the Communist organization called higher education and as I talk about you know we don’t know anything about money that’s not a mistake that’s exactly what Fuller was saying here so the problem is is right

Now we’re on the edge of Destruction because it’s not so much that this gold is important or silver important but America today is the biggest de nation in history we cannot print any more money and if you believe the fed the treasury or Biden I call them the three stes I

Mean I don’t know how you can believe them so for all these years I’ve been I’ve been saying you know buy silver I started buying silver in ‘ 64 I bought my first gold coin in 72 in Hong Kong because in 72 it was illegal for Americans to own gold imagine that

In 72 it was illegal for Americans own gold and what I had to do I had to fly this little baby here my helicopter Behind Enemy Lines to buy my first bit of gold here but that’s how much our government and our school teachers don’t want you

To own gold or silver this is about 35 bucks today this is about 2,200 I bought I bought my first one was 50 bucks I still have it it’s stored in a vault someplace outside of Switzerland I don’t keep my gold and silver at home because they just might

Confiscated so with that this is part two of a four-part series these are the people I actually buy from I buy from them because is this is not as important as our information their knowledge and their experience so we’re like the four they’re like the four wise men up there

So my question today this part two is what do you think is the fate of the US dollar because a little history again I think it was 1944 that this thing here was backed by gold then in 71 Nixon took it off and now we’re the biggest deor

Nation in the world I heard estim I I was never good at math in school but it’s a trillion dollars in interest just to pay our debt so it’s nothing to do with gold or silver or your PhD we’re being run by The Three Stooges Larry Mo and Joe Biden Yellen and

How our country is broke that’s why Andy was talking about being Patriots I fought for this country but the problem is our school teachers run the show they’re Marxist they should have read this book here with that said andyw what happened what what do you think the fate

Of the US dollar is but you said something to me when I first met you of what Afghanistan meant and the reason Afghanistan meant a lot was we left behind I don’t know how many billions of dollarss of equipment for the enemy Biden did that that man should go to

Jail for that leaving living all that equipment 86 billion 86 billion was the number I’ve heard from Trump we’ll never know I know because I was part of 1974 I had to abandon equipment in Vietnam because we lost so it’s a little it’s more more personal gym okay when

You see when you see your stuff being taken over you go holy M I went back to Vietnam a few years ago and the hangers and the revetments we started helicopters in now have Chinese com stars on them we gave up to the Communist just as we gave up to the

School teachers for this here so Andy what happened in Afghanistan that’s fired you up yeah well you know three over over 300 years ago to your main question voler said all paper currencies eventually return to their intrinsic value which is zero and the US dollar

Will be no F no different and look to your point Robert the world has changing so much more quickly than most Americans understand and and because of that there’s virtually no coverage mainstream media to Buckminster Fuller’s point you can’t get out of the way of what you

Don’t see coming so what did happen in in August of of um or September of 2021 and and let’s preempt that by saying maybe the biggest event certainly I think cumulatively in all of our careers was the bank of international settlement two years before that reclassifying gold

As the only other tier one Reserve asset let me say that one more time since the end of 1944 Robert as you mentioned the dollar was the world Reserve currency a tier one Reserve asset the bis which is the central Banker Central Bank the most powerful Bank on the planet said by the

Way now gold is a tier one asset too and that should not be lost in any of these these discussions but what happened when we left Afghanistan in a way that was very in my opinion unamerican we left 3,000 if I’m not mistaken Americans Behind Enemy Lines we left even almost

As as or maybe even worse the Freedom Fighters and the and the translators and all of these people we promised visas we left them behind and the timing of the announcement that happened seven days later should not be understated I think is not coincidental when Saudi Arabia and Russia signed a joint military

Cooperation agreement and that’s significant in the respect that in 1973 when the deal was struck between Kissinger and the Saudis for what makes the dollar the the Petro dollar it was we will protect the Saudi Kingdom and and by extension OPEC and as a result of

That they OPEC will value oil in dollars globally uh and take those dollars and recycle them into the treasury market now we don’t have to talk about how the treasuries have done one second reason this is important because this is my study also is in 74 I believe it was 74 the dollar

Became the Petr dollar because Nixon took this out of this here right now the question is after they took petrol off of it what became te one asset then just just gold and that was in 2019 I think it was bonds debt well that that was the bonds and the dollars were

Were considered tier one asset that’s correct and they still are to this day wa please understand this Andy when I talk to friends out there they go what’s a tier one asset what does that mean I said it was it was called a treasury a

Bond and to me bonds are as worse as this well you’re right from a historical standpoint government debt has a very shallow history as being an asset that’s I’m and that yeah that’s right and so right now they’re three tier one assets as far as government’s concerned hang on

I’m GNA set up to you so when they when the bond became after after all this stuff Bond became the number one asset in the world how come Banks started to collapse what happened and gate and I mean svb and all that so all of these Banks were incentivized when you deposit

Money into a bank it it’s an asset of you the depositor it is a liability of the bank and the banks have to offset that liability with an asset traditionally it’s 10year treasuries because they are so liquid and and so riskless everyone thought and that was with interest rates that had been at

Zero on the federal funds rate for nearly a decade Hi everyone I’m Kim kosaki co-host of the Rich Dad radio show and I want to thank today’s sponsor our friends at Gold Alliance you know we should all be concerned about high inflation a looming recession the very troubled banking system and outof control spending in Washington and the fact is during every

Major crisis in US history many of those who failed to prepare watch their savings Investments and retirement funds plummet While others with the foresight to own gold help preserve their wealth and purchasing power now we’re facing several major crisises at once and we may soon face even more economic turmoil

So please don’t wait consider gold and put yourself on the road to Financial Peace of Mind the new free 2023 gold guide from our friends at Gold Alliance can show you how just visit www.f freegold guu.vn / Robert or call 1 800 473 4585 Republican governor and conservative commentator Mike Huckabee

Says gold Alliance is the only gold provider he recommends to his friends and family please visit free gold guide.com Robert or call now at 1 1800 47348 thank you hi everyone I’m Kim kosaki co-host of the Rich Dad Radio Show Robert and I have warned that 2023

Was going to be a roller coaster of volatility after all the stock market is largely flat this year except for a handful of tech companies and other asset classes are struggling to meet expectations one survey reveals that living paycheck to paycheck is the most common lifestyle in America even for

Those making six-figure incomes combined with hundreds of thousands of layoffs in just the last few months it’s clear a financial storm is brewing the question to ask your yourself is are you safe for years Robert and I and other investors have been putting more and more money

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And so I applied to be a financial planner and those stupid financial planners started to tell me that Bonds were safe I said you’ve got to be kidding me now I had just come back from Vietnam flying this thing around the place looking at gold and bonds are not

Safe but the American public has been taught to buy this stuff here paper and then bonds which are so that’s that’s this is this is why I get so hot when a financial planner tells me it’s called the 6040 60% equities 40% bonds then they have people believing bonds are

Safe are they safe well when interest rates go nowhere but down since 1982 they certainly have been safe and have been very liquid but as interest rates began to move the other direction ction uh it starts to take on a whole different uh a whole different View and

And when you see interest rates Rising coupled with the fact that all of these banks have been allowed to maintain virtually nothing in the way of reserve requirements when the depositors say give me back my money the banks don’t have it on hand they are forced to sell

Those bonds that have lost 40 and 50 cents on the dollar as interest rates have moved up so rapidly with 11 straight interest rate hikes and it keep keep it simple bonds are not safe okay they’re not safe anymore that is exactly right they’re not but they were always

Considered the safest the safest asset on the planet one one more thing so then Andy called me says credit swe is going down and then he called credit Swiss the Swiss banking system supped be the best in the world the the Swiss banking systems going down because their bonds are going

Down and our financial planners are still telling you it’s safe as bonds that’s all I’m trying to do is have people wake up because our school teachers are definitely not going to tell you that because that’s who they work for go go ah go ahead Charles well I I appreciate Andy’s uh deconstruction

Of of the bond market back in the 8S but the essential thing to remember in the current environment is this that all of these instruments are uh promises to pay all of these in instruments or will pay you on a based on the contingency that the people who issued them are able to

That they don’t defraud you that the state doesn’t intervene and screw everything up or that they can so in in the current environment in which everything is falling apart and in which the center of our economic uh structure is not holding the most important thing to remember is that you don’t want to

Own somebody else’s liability sometimes bonds are good sometimes they’re bad but right now all promises to pay are fraught with uh with risk you look at this country look we we the the Biden Administration just ran the largest monthly deficit in the history of America 314 billion dollar for one month oh

There must have been a shortfall in Revenue no there wasn’t a shortfall in revenue revenue was up %. income was up to the state and yet the deficit was the largest monthly deficit in history I’m telling you that all of these problem es to pay no matter

Who the issuer is are contingent it’s like a game of Jango people are pulling little blocks out here and there and the whole thing is on the on the verge of toppling over the uh the rubber band has been stretched to its uh to its logical

EXT can’t be stretched anymore we got to keep it simple Okay the reason I make the big bucks is I just get it down to where I can understand it but the reason I call you guys is sometimes you guys know too much just keep it simple you know like when

My financial planner told me bonds are safe I F I said I’m going to find somebody else because I understand counterparty risk because I was one of the few guys flying these things Behind Enemy Lines looking for this I understand this stuff let’s keep it simple

Okay so Dana how safe are our bonds compared to a gold coin well gold coin is much more uh offers much more safety in a rapidly changing interest rate environment uh and we’ve seen that obviously with the failure wa wait wait Dana it’s not interest p is well it’s

Right it’s it’s dead so they just create more debt because Bond wait guys the ABC is a finance a bond is debt and America is now the biggest deor nation in the world and you G and you’re GNA buy a bond you nuts that’s that’s what but it’s all Deb

It’s all debt whether it’s the dollar bill it’s a debt instrument whether it’s a bond it’s a debt instrument A treasury uh bill that’s a debt instrument the only thing that’s not a debt instrument are the gold coins that you’re holding and the silver coins that you’re holding

You have those outside the system it’s off the radar it’s your one asset we talked about before thank you this is I want people understand sometimes I come to you you guys I’ve got to get out my dictionary and re you know if you read this book here and you read this book

Here grunch the school teachers are complicit that’s why they say we should pay taxes when America was founded as a debt-free nation I mean a taxfree nation and our dollar is our dollar became debt in 71 and then it sure the Revolutionary War was the Revolutionary War was all

About that taxes they wanted to put a 2% tax on te yeah and we said no nothing nothing doing and there was a war fought over it now at 50% 60% everybody okay well that’s the way it is keep it simple okay Santa Robert you sent me one of the

Most simple head snapping texts I’ve ever received about a year ago the system is not only bankrupt it’s corrupt right and you made me rethink everything that been ingrained in my mind over 40 years of education and business and programming by the system now I could

See the debt go from $5 trillion doll in 1995 that took us 200 years to accumulate now we’re six times higher over $33 trillion in debt the value of gold is Multiplied almost the same amount from $3 $400 an ounce to $2,000 an ounce during this time period it’s

Not that the dollar has uh that gold is gaining so much to the dollars that the dollar is losing purchasing power yeah said guys keep keep it please right got got three more shows you can tell your customers that stuff but the system is bankrupt and corrupt you’re correct

About that this is so this is this is my question for episode two what is the fate of the US dollar can we just keep printing money can we keep printing money they can try but it always ends very very badly and it ends badly for the people

That uh hold their money in us uh US dollars in paper assets just yes or no you I mean I got I’ve got I’ve gotta talk to these guys they call my brothers and sisters oh we sa we save this I wipe my butt with it that’s the difference 64 I started

Saving these things that you gave me a half dollar because there was no copper in it it’s that simple look if we got to keep it simple you guys people are saving money they’re working for money they think their jobs a asset they think their house is an

Asset and Andy I don’t know if you just saw it but there’s a big expose on the Condominiums of Florida going down because of insurance real estate is not safe okay I did see that I I think I think here’s a way to keep it very simple look for people who understand

The national debt is growing so rapidly that our own government the Congressional budget office said that by 2031 which is 7 years away interest on the debt plus mandatory entitlement spending like Social Security will consume 100% of federal tax revenue in seven years so what does that mean that

Means that the entire discretionary budget of the United States including the the military will have to be borrowed so how are we going to be the dominant superpower politically and militarily if we have to borrow money even to finance our military in seven years amen the answer is no you cannot

Continue this path well back to your question about can we can we keep printing money the answer is absolutely no and even Alan Greenspan the corrupt fed chairman said all uh Fiat money returns to Gold yeah so do the math on the price of gold at $2,000 versus $20

In 1930 we’re operating on a 1-cent dollar how long can that go when that one cent is gone okay okay Jim Jim keep it simple I have other people to to give time to so Dana what happened in 1933 uh we made gold uh illegal to own

In the United States in 1935 we confiscated the gold in 1933 we took it out of the monetary system and the rest of the world followed suit which allowed politicians for the first time to print more money than we had gold and currency that’s where really the root of the

Problem started so is that why many people run to you because is there some kind of rule that if if it’s before 1933 they can’t confiscate it uh collector coins of uh value 15% or more over their gold value were not confiscate at the time most had no collector value back

Then but today a lot of them do so we do sell a lot of pre-1933 us $20 goldcoins like Jim was talking about in part one as a result because they are theoretically exempt from a future confiscation so I thank you know Charles and Jim give me these half dollars here

I hand them out to all my friends because it’s pre 64 the date means a lot in history and Andy gave me one of these things 1933 that’s what I’m talking about I buy from these guys I’m not saying you should I’m not recommending you buy gold

Or silver but I buy from these guys cuz there there’s they’re not little silver stackers these guys know that the history of how we’ve been by the our own government over all these years so gentlemen thank you we come back for part three next time but uh we’re

Getting down to we just keep it super simple so people can get off their asses and start wiping their butt with this stuff because that’s all it’s going to be worth in a few years thank You this podcast is a presentation of Rich Dad media Network