Understanding Gold, Silver, and Bitcoin as Investments

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

The Rich Dad Company

Entrepreneurship, Business, Investing

4.1 • 3.9K Ratings

🗓️ 8 May 2024

⏱️ 48 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

In this episode, Robert Kiyosaki expresses his concern over the declining value of the U.S. dollar, citing rampant debt and irresponsible financial policies as the primary reasons. Kiyosaki dives into a discussion about Bitcoin, gold, and silver, framing them against the backdrop of current global and domestic unrest.

Schectman discusses the importance of precious metals and cryptocurrencies as a hedge against economic instability. They explore topics like the historical significance of gold and silver, the undermining of the U.S. dollar's credibility on the global stage, and the increasing importance of having assets outside of traditional currencies in facing a potential economic crisis. The conversation concludes with insights into personal finance strategies such as paying oneself first and the critical importance of financial education.

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 Kiasaki.
0:09.0	Hello, Hello, Robert Kiosaki, The Rich Dad Radio Show.
0:12.0	Again, we broadcast from downtown. Robert Kiosaki, the Richtad radio show.
0:12.6	Again, we broadcast from downtown or Phoenix, Arizona
0:16.2	where it's either heaven or hell.
0:17.4	And right now it's still heaven,
0:19.4	but it'll soon be hell.
0:20.9	People say, well, how can you stand the heat? So what's to have air conditioning for?
0:24.8	You know, air conditioning in the cars, air conditioning in the house, and I like it. It's not that, Hawaii is humid and Arizona is just hot. But if it's humid I get tired so that's why I'm not
0:38.5	I don't bother me too much. Today we have a very important show it and It's about Bitcoin, gold, and silver
0:46.0	But more than that those are we're going to go a macro macro as to what's going on today
0:52.0	at a place called Columbia University and all across the world with, you know, the Hamas and anti-Semitic rhetoric and anti-Israeli and all this stuff.
1:04.2	And as some of you know, I fought for the United States,
1:09.6	of the US Marine.
1:11.1	I went to Vietnam twice to fight for our freedom.
1:14.0	And today I have, we're in chaos.
1:18.0	And so in 1965, when I left Hawaii, I went all the way to school in New York.
1:25.0	Columbia University was right down the street and that's where the writing started.
1:29.0	So then in 1965 my economic teacher had their class read this book here and I suggest everybody
1:34.9	should read it because when I read Communist Manifesto I realize my family
1:41.0	lot of them are Marxist.
	...

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