Robert Kiyosaki and esteemed guests dive into the timeless value of gold and silver compared to fiat money, bringing to light why you should buy silver in today’s economy. This is the fourth and final part of our enlightening series, where we uncover the truth behind real wealth and the illusion of paper currency.
Robert Kiyosaki, the visionary behind Rich Dad, kicks off the discussion with a reference to his own journey and why Rich Dad was founded – to educate about wealth erosion through taxation, inflation, and the pitfalls of fiat currency. Highlighting the simplicity of real (gold and silver) vs. fake (paper money), this episode is a treasure trove of insights.
Our guest experts, including Charles Goyette, Andy Schectman, Dana Samuelson, and Jim Clark, share their profound knowledge on the liquidity of gold and silver, debunking common misconceptions about these precious metals. They emphasize how gold and silver are not just investments, but lifelines in uncertain economic times, offering immediate liquidity and long-standing value.
The episode further explores the historical and numismatic significance of coins, especially the intrinsic value of silver in coins like the 1964 Kennedy half dollar. Guest Dana Samuelson, with his expertise in rare coins, sheds light on the numismatic value and how to navigate the market wisely.
A poignant part of the discussion is the emphasis on Gresham’s Law and how it has played a role historically in the value of silver and gold. The guests share personal anecdotes and professional experiences, illustrating how precious metals have been a consistent store of value across civilizations.
The conversation takes a futuristic turn as we discuss the role of silver in modern technology and its potential as the “trade of a generation,” as Andy Schectman puts it. From its use in electronics, solar panels, EVs, to its historical role as money, silver’s multifaceted importance is thoroughly examined.
As the show wraps up, the discussion pivots to comparing precious metals with digital currencies like Bitcoin. While acknowledging the rising interest in digital currencies, the consensus leans towards the proven, enduring value of gold and silver.
00:00 Introduction to silver’s value and history
05:10 Industrial and monetary uses of silver
11:20 Silver in the modern economy and investment strategies
17:45 Comparison of gold, silver, and Bitcoin
22:30 Final thoughts and episode wrap-up
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Disclaimer: The information provided in this video is for educational and informational purposes only. It should not be considered as financial advice or a recommendation to buy or sell any financial instrument or engage in any financial activity.
The content presented here is based on the speaker’s personal opinions and research, which may not always be accurate or up-to-date. Financial markets and investments carry inherent risks, and individuals should conduct their own research and seek professional advice before making any financial decisions.
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21 Comments
Well, 1 year later, Silver soar to $82…
Rich Dad is Richer again
Greatful to My teacher and @Richdadchannel.
Never take your silver to a pawn shop they will rip you off.
People are starting to comment that Warn Buffet has been talking about rebuying a big amount of silver.
Quran 3:113
Yet they are not all alike: there are some among the People of the Book (Christains and Jews) who are upright, who recite Allah's revelations throughout the night, prostrating ˹in prayer˺. They believe in Allah and the Last Day, encourage good and forbid evil, and race with one another in doing good. They are ˹truly˺ among the righteous.
For years, I relied solely on gold to protect my wealth, feeling secure with a tangible asset during uncertain times. But after meeting Mrs Susan Kay Mack and learning about the stock market, I decided to diversify into growth and dividend stocks. I invested $250k initially and now my portfolio is over a million in less than 2 yrs. While I still hold gold, stocks have become a crucial part of my long-term wealth strategy.
Thanks!
One of best devaluations was done by the vicious emperor Nero. He devalued the silver content of the silver coins of the province of Egypt gaining tons of metal. Immediately the inhabitants of Egypt stacked the old coins from the Ptolemies to Tiberian and August mintage.Regards from Greece.
Sir can you refer a company that was selling silver that can ship here in Philippines Cebu city . An American silver eagle sir..that will deliver even 1 piece order. Thank you
Correction: Why you SHOULD HAVE BEEN buying silver over the past ten years instead of trolling us that were.
Jesus was betrayed with 30 pieces of silver
Gold is a NON PRODUCTIVE asset…. 1oz of gold today, is same 1 oz after 50 or 100 years… . I prefer land, rental property, farm or dividend paying funds.
Aged well. 😎👍
Until it suddenly crash, and SCAM millions out of their Lifesaving's. When will you get ready for when the BULL SHIT?
Are silver etfs and funds and silver bonds also safe investments??
I dont make that much money how can I buy silver coins or buillons?
Silver hasn't been great….. will it ever truly be great? I'm not sure
I started stacking/ collecting coins, bars and rounds in 2022… I've accumulated just under 1,000k oz's of silver and 6 oz's of gold. I sure do wish I would have started stacking back in the late 90's. I encourage my kids to start stacking now because there's no telling where silver and gold will be in 25 years. I can only speculate. It's been form of payment, since Judas betrayed Jesus for 30 pieces of silver…. and even before. Paper comes and goes but gold and silver is forever.
Thanks for all the incredibly helpful information.
I still have a Canadian Maple leaf ounce.I believe else that I bought for $350 in 1986. I carried around as a good luck piece.Nobody has a clue how much money I have in that pocket. People who have seen it over the years assume it's a hunk of junk.
Im a Rich Dad…. fan….my questions is Since Robert and Kim own Gold and Silver Mines whats the reason they purchase from these twol gentlement Gold and Siver?
Ask the precious metals guys and they will say gold and silver are the best. Ask the cryptocurrency guys and they will tell you Bitcoin and Ethereum are the best. The best approach is to diversify. The future is far too difficult to predict.