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Rich Dad Radio Show: In-Your-Face Advice on Investing, Personal Finance, & Starting a Business

How Japanese Candlesticks Can Save Your Life

Rich Dad Radio Show: In-Your-Face Advice on Investing, Personal Finance, & Starting a Business

The Rich Dad Company

Entrepreneurship, Business, Investing

4.13.9K Ratings

🗓️ 8 February 2023

⏱️ 40 minutes

🧾️ Download transcript

Summary

Host Robert Kiyosaki and guest Gary Wagner, two self-professed “gold bugs” talk about the diminishing value of the dollar and how Japanese Candlestick charting is an effective way to determine market trends.

Wagner, of Hungarian descent, is an expert in gold. As a child, he was told the only assets worth owning were art and gold. Today he offers advice on gold and the increasing demand of silver on his Youtube Channel Thegoldforecast.com

By observing Japanese Candlestick trading sessions versus American trading sessions, Wagner believes Japanese Candlesticks changed his life. In his book, “Trading Applications of Japanese Candlestick Charting,” Gary shows how Japanese Candlesticks use the same data points that an American bar chart uses, except for one key distinction. The high and low data points are drawn in a vertical line. “Looking at a candlestick chart gives you information in a 3D format,” says Wagner. “The individual candlesticks form patterns in groups which make it quicker to predict the market.” Like Japanese Kanji, the Japanese build a picture to see trends.

Robert and Gary discuss the imminence of the valueless dollar and how Japanese Candlesticks offer more market assurance. As Robert says, Gold and Silver are Gods’ Money. Placed By God into the Earth. In uncertain financial times, turn to precious metals.

Transcript

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0:00.0

This is the Rich Dad Radio Show, the Good News and Bad News About Money.

0:07.0

Here's Robert Kiyosaki.

0:08.8

Hello, hello, hello.

0:10.4

Robert Kiyosaki, the Rich Dad Radio Show.

0:13.3

And today, we always talk about the good news and bad news about money.

0:18.4

And there's always good news and bad news about money, no matter which way it is.

0:23.3

And our, with a guest today, his name is Gary Wagner.

0:26.1

He's the, he covers precious metals.

0:30.5

His company is the goal, forecast.com, a daily newsletter and Gary is much respected

0:37.8

for his opinions on what's going on in gold.

0:40.8

So I'm very personally interested in interviewing him because I love gold.

0:46.1

And lately, the market has been pretty volatile in gold.

0:48.8

This is February 2023.

0:53.1

And the market is going up and down, if they're coming up for a while.

0:56.9

And so I want to find out what he's doing.

0:58.7

But please check into his, the goal, forecast.com.

1:03.2

And he's a frequent contributor to stocks and commodities magazine.

1:08.1

So he's very well respected in the industry.

1:11.7

And I think it's kind of interesting that he's in Hawaii and I'm from Hawaii.

1:18.5

And he has a Japanese swords behind him.

1:22.5

And my, my, my, my family, this is my great, great, great, great, great uncle.

1:29.6

He was, this photograph Gary was taken by a Commodore Perry when, when Perry opened

...

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