meta_pixel
Tapesearch Logo
Log in
Rich Dad Radio Show: In-Your-Face Advice on Investing, Personal Finance, & Starting a Business

The Future of the Gold Standard and the Collapse of the Dollar

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

🗓️ 26 June 2024

⏱️ 27 minutes

🧾️ Download transcript

Summary

In this episode, Robert Kiyosaki is joined by economist Peter Schiff to discuss the potential return to the gold standard and the implications for the global economy. They delve into historical events like Nixon's 1971 decision to take the dollar off the gold standard, the economic consequences of this move, and Schiff's predictions for a future financial crisis. Peter Schiff shares his views on gold as real money, the flaws of the current monetary system, and what actions individuals should take to protect their wealth. The discussion also touches on the role of BRICS nations, the potential risks of a Fed coin, and the impact of a dollar collapse on the American standard of living. This episode is packed with valuable insights and is essential viewing for anyone concerned about their financial future.

-----
See important disclosures at masterworks.com/cd

-----
Please read carefully.

This is not financial advice.

You may be asking, “what does that mean?”

Let me explain…

Do not just do what I, my team, or my guest says. That would be stupid and irresponsible. Take the education, then use your own brain and make your own decisions.

YOU must take responsibility for your future and your success. That is why you are here. Neither I, or my team, or my guests, know your risk levels, prior education, emotional maturity, or how much money you can afford to lose.

We are only telling you what we believe to be smart moves. But you must decide for yourself. There are NEVER guarantees.

Also understand that we are REAL teachers. We practice what we preach. With that in mind we often invest in the very projects that may be mentioned on this show. While it is never our intent, we could possibly profit from others investing in our recommendations.

Take the education we provide but then determine your own actions. If it does not make sense to you, get more education before you invest. We will continue to provide education and there will always be more opportunities.

Transcript

Click on a timestamp to play from that location

0:00.0

Amazing! there's up to 50% off the most popular brands of prescription glasses and

0:13.8

sunglasses there's even up to 50% off hearing aids up to 50% off in the

0:18.7

optical center sale don't wait bring the whole family and make the most of it.

0:26.0

Sale offers can't be combined with other current offers.

0:28.0

See in store for T's and C's.

0:30.0

This is the Rich Dad Radio Show, the good news and bad news about money.

0:37.0

Here's Robert Kia Sak.

0:39.0

Hello and welcome to Rich Dad World.

0:41.0

Thank you so much for being part of this program, for listening, for watching.

0:46.0

You know, as we always say, there's nothing more important than your financial education,

0:50.0

especially at this time in this place in history and with the world changing so rapidly,

0:58.0

all in almost every country, we really want to bring you the best experts, the people that know what's going on economically, financially, globally, so that you can best position yourself for what's coming down the road.

1:16.6

So that's exactly what we've got today.

1:18.8

We have a very, very special guest, Mr. Peter Schiff, economist.

1:25.0

I'll tell you one thing about Peter.

1:26.3

You will know exactly where Peter stands

1:30.0

because he does not hold back.

1:31.6

He will tell it exactly as he sees it.

1:33.9

And he has a huge big picture historically,

1:37.2

as well as currently.

1:39.0

So this is going to be a fantastic, very, very jam-packed show, lots and lots of information.

1:44.6

It's one you're going to want to watch more than once because I can tell you, Peter and

...

Please login to see the full transcript.

Disclaimer: The podcast and artwork embedded on this page are from The Rich Dad Company, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of The Rich Dad Company and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.

Copyright © Tapesearch 2025.