Understanding the Global Impact of Gold and Silver Investing

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

🗓️ 11 October 2023

⏱️ 40 minutes

🔗️ Recording | iTunes | RSS

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Summary

In this podcast episode, host Robert Kiyosaki welcomes special guest Andy Shectman, an expert in gold and silver investing. They delve into the importance of understanding the value of real money, such as gold and silver, and the risks associated with relying on fake money. They discuss Gresham's law and its implications, emphasizing the need for financial education and investing in assets like gold and silver. They also touch on global affairs, including tensions between Hamas and Israel, China's interest in Taiwan, and North Korea's involvement. Shectman highlights China and India's increasing acquisition of gold and silver, while Kiyosaki expresses concern about people's lack of awareness and encourages investing in tangible assets. The conversation also covers the geopolitical implications of the Taliban's control over Afghanistan and the concept of country risk. Shectman argues that the current global situation, combined with excessive money printing by the United States, is unsustainable and will lead to a collapse of the entire system.
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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.

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Transcript

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0:00.0	this is the rich dad radio show the good news and bad news about money here's
0:07.4	Robert Kiyosaki. Hello Robert Kiyosaki we have a special guest I felt like I've
0:12.3	known him all my life as like a brother and we speak the same language the
0:16.9	language of gold and silver but before we want to go into that I want to
0:23.1	talk a little bit about gold and silver is in 1964 when I was 17 years old I
0:29.4	held this little a little quarter up and I looked at it and I said there's
0:35.1	something wrong with his quarter and what was wrong with it and it was
0:39.7	wrong with it it wasn't silver anymore it was copper and I didn't know at
0:44.6	the time but I was like 17 years old you know we learned nothing about money at
0:47.5	school and I didn't know I stumbled upon Gresham's law Gresham's law
0:52.6	states that when bad money enters a system good money goes into hiding and
0:57.0	intuitively I used a caddy to make money I would take my money and convert my
1:02.9	dollars I got one dollar for nine holes and I convert the dollars either
1:08.1	there's a dime for quarters I go through my pile and I pull out the real silver
1:13.5	coins and I had found I had a bag full of real today's called dirty silver and I
1:22.1	didn't know I can as Gresham's law I just felt good about having real money
1:26.8	so I go off school to enter school to New York and I come back home and my
1:33.2	mother spent spent my quarter my dams and quarters which proves something this
1:38.7	is my nasty point of view today because we're at nasty times poor people don't
1:43.5	know the difference between real money and fake money it's a very big problem
1:48.6	and our government has had fake money since 64 again in 71 when Nixon took
1:55.9	the dollar off the gold standard we've been operating on fake money so today
	...

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