Why the Rich Are Ditching Cash for Gold & Silver! - Robert Kiyosaki

what would this cost me if I walked into your place Republic Monetary Exchange on Camelback Road in Scotts i mean Phoenix Arizona what would that cost me uh just this just over $900 that Yeah my god and how much is this thing here that's going to be around 2 over 2,000 20 250 or more get the You know this is 2,000 this is a gold what is it eagle american gold eagle american gold eagle and that's 900 right that's a kilogram of silver this is going to be close to $20,000 for this hello hello hello robert Kyak the Rich Dad Radio Show the good news and bad news about this here this is cash and this trash so so today we're going to be talking about the hottest subject on the market today and it's not real estate what it is here is this is gold and this is silver and of course there's Bitcoin so those are the three things and the reason they're the hottest subjects in the earth right now is because our money is fake so this is one of my favorite books here fake um I'll tell you a quick story before we get into why gold silver and bitcoin is that I was at Safeway and this I'm kind of a guru at the salad counter at Safeway and all the women were coming up to me going "Hey what should we what should we invest in and what should we invest in and I just happen to have in my pocket here this is a pre64 US quarter and it's given to me by my friend Dana Samuelson of uh he's in Austin Texas he's American uh American gold exchange in Austin Texas Dana Samuelson so he knows I'm a silver nut so this is a pre64 and pre64 means it's silver after 64 it became fake money it became this here so I held this up here to the ladies they all they want the hottest tip i said "Buy this here. " They went "A quarter i can afford a quarter? " I said "Yeah but I'll charge you $3 for it.

" And you should have seen their brains you know this the salad was flying all over the place and all this why don't you charge me $3 i said "Okay I'll tell you what $2 they were screaming not screaming but just "Why would I pay you $2 for a quarter? " And I said "But this is pre64 they they just could not figure it out. " Now that's the lesson lesson of today is that people don't know that our money is fake and that's why Rich Dad Rich Dad exists and all this but the uh the sad thing about it is is that um ARP turned down my article because I wrote a story of my mother i I save real quarters because when I was 17 years old in ' 64 I saw the I saw the quarter go to copper you know it was fake was was an alloy so I I started collecting dimes and then quarters and half dollars i had this big bag of real silver and my mother says "What are you doing?

" I said "This is real money. " So this is 64 65 I go to school in New York 66 I come home my mother spent it all and so I I wrote the story for AARP they turned it down i said "The lesson is poor people are poor because they don't know fake money they don't know the difference between real money and fake money. " So this is a very important lesson here i have some two friends here for years and like I said Dana Samuelson of uh American Gold Exchange in Austin Texas this is a this is a special category of silver it's called numismatic and numismatic means collectible and antique and the reason I respect Dana is because he was head of the American numismatics so I don't buy numismatics i don't buy collectible coins i buy real gold silver but if I want numismatic you know like an antique Dodge or something whatever it is if I want an antique coin I see Dan because there's a lot of fakes out there a lot of fake coins so you got to be very careful today like I said this is the hottest subject all have two great friends here so Jim and this is Charles Goyette here's this is his book here red and blue and broke all over and you know it's so how Jim how long have you been in this business of gold 50 years 50 years our time is coming on this one isn't it well I thought it was coming in 1973 when I got in the business and it was just a year and a half or so after Nixon had removed uh the gold and yeah this we got went off the gold standard he's this was this was the the dollar was backed by this here this is real gold so in 71 they uh this was pulled out too right right you could just print as much as you like it was no longer backed by anything it was a Federal Reserve note which is no more federal than Federal Express and we were required to take that as money whether we liked it or not right right another thing too I was in Vietnam in 7071 I was on my way over 72 I was there and 73 I returned i bought my first gold coin and it was a South African cougar ran and the Vietnamese woman you know was gold was $35 for years and then in 71 it floated to about 50 let's say and so I thought well I go talk to her she was behind enemy lines i flew my helicopter in there tried to negotiate with her i said "Look I'll I'll I'll I'll give you 40 of these for one of these.

" And she's going "Spot. " I go "Let me say it again 40 of these for one of these she goes "Spot. " So what the hell is she talking about well she was saying spot that day with 50 and all of a sudden here I'm a college graduate you know hopefully with my other college graduate two pilots standing there going "We don't know about money do we?

" You know so spot me on that day it was 50 bucks and I thought because she was behind enemy lines I could get it for 40 no such deal gold is gold spot is spot silver is silver this is real money so Mrgoyette Charles why did you write this tell us about your background why did you write this book here well one thing is Jim and I were in the business together a very long time ago that he was talking about but you just reminded me about Spot i remember seeing a National Geographic special this is back in the 70s and they went to these guys these kind of like thirdworlders in the Amazon rainforest way deep in the jungle and these people didn't have any clothes didn't have any electricity didn't have you know but they were panning for gold there and the camera crew came up and tried to buy their gold and they knew what the London Gold Fix was that day they totally knew what the world price of gold was spot price of gold cuz it's international it's all over the world and it's it's a real price for real money isn't it yeah the sad thing about it is I think Americans are the least that know about money because we are the Federal Reserve no tell you one last story i was in Peru u I bought a gold mine in Peru and there was these holes going you know there's no there's no rain there's there's just barren hills you know mountains in the Andes and I see these little holes up there i go "What the hell is that? " You know and my little Inca guide says "We've been drilling for oil here for thousands of years asshole. " Oh I said "I'm not the first guy up here.

" "No you're not the first guy up here my great great great great great grandfather's been yanking the stuff out for years. " Yeah and that's what Bizarro came to uh Peru and killed them all took their gold stole their gold yeah right and so that's where the Spanish became the empire of the time someone went from Spain England America america's gone now so that's what we're here to talk about today is and we're old enough the three of us to understand that this here is real and this here is fake but the most people would rather have this this is the problem robert I saw one of those YouTube videos where the guys on the boardwalk in Santa Monica it's kind of like jaywalking you know like what's the name of the moon uh the moon you know but he asks he's walking around with a chocolate bar and a silver coin and he says to the people he said "Would you rather have this chocolate bar or I think it was a silver bar? " Silver bar yeah it was Mark Mark Dice yeah and uh and the people go "No I'll take that chocolate bar.

" So they get you know a $2 chocolate bar you know or a 10 oz silver bar yeah 10 oz silver bar $3 worth worth the silver and they'd rather have the chocolate bar than silver know better it's j It's jaywalking America yeah and I I'll say this again it's the most important lesson poor people don't know the difference between real money and fake money and that is what it comes down to so it was in 71 you know this used to be a silver certificate now it's a Federal Reserve IOU it used to be backed by gold up to No this was 50 67 5 64 excuse me it was silver and then in 71 Nixon took the gold out of it johnson took this out of the silver certificate yeah I remember I was telling you that story the other night my I remember in 1964 where we're sitting around the TV Johnson came on and said "Silver has become too valuable to be used as money. " And just as I'm sitting here my dad said "That son of a they're going to take the silver out and they're going to leave us this garbage coins. " And he didn't really understand it but he got it and from that point on he saved silver coins to where he had about $8,000 worth by the time he cashed them in in 1980 yeah and I was in South Carolina where I home and this guy said that his father ran the theater and his father said they're just yanking out all the silver coins the lesson again is poor people don't know there's been real money and fake money and that's why in Rich Dad Poor Dad I said the rich don't work for money because it's fake so you know the reason I like to have Jim here and Charles is because this stuff is getting harder to find right now and I was panicking cuz I I deal with a lot of guys who have gold and silver and um so I I called my friends said "We cannot get silver.

" I went "What this is about what 7 8 months ago we couldn't get silver. " So you guys are Republic Monetary yeah on on Camelback and I called these guys yeah we got plenty jim has been very very good over the years at uh making sure that the inventories are high you know he could sees when these runs are starting and stuff and the premiums are starting to go up and stuff and he's always put his clients first you know he makes sure okay we're going to commit a lot of capital to make sure that our clients can come in the door and and get uh get their gold and silver you know the worst thing in the world is you know these companies that say "Well give us your money now and then uh you know we're going to deliver your gold or we'll send you your silver in 6 months or something. " Don't do that don't do that so Jim's just really created a name for himself in his ability to to always deliver to his clients well we've always I've always stayed ahead of the curve that you can anticipate needs after 50 years in the business well not everybody can because I was panicking i was going you know because explain the difference okay well step back you have the spot price so let's say today the spot's 20 bucks there's a premium on top of this coin or this coin should I say what does the spot and the premium mean on on that particular coin it's typically between $4 and $5 an ounce over the spot the spot is the price all across the world right and then all of the products and um coins and bars and so forth they will be priced accordingly based on the availability the demand the cost of refining and putting them in the coins and shipping and uh distributor markup dealer markup our markup and all that so there's always a premium that you pay to get the finished product that's like the tip at the end of the dinner i was I was watching worse than that yeah i was watching Fox News this morning Fox Business and they were bitching about how she she went where did she go she went Oh she went to the dry cleaners and she she charged her she put it on a credit card for her dry cleaning it's a tip 20% she goes "Why do I have to tip you for my dry clean people are so desperate to money because this is fake.

" Yeah it's terrible well because they can print it so much that the value is dropping every day they print up uh billions every day or they've got to create something through uh a keystroke entry that means all the rest of those Federal Reserve notes out there become worth just that much less every day yeah this this is trash so I'll say it again understanding the difference between rich people and poor people rich people know the difference between this and this and so the Republic Monetary Exchange there's a lot of people out there dana Samuelson my friend is my expert in numismatic and I was impressed because you guys had inventory my friend Jar Williams was out and I I said "What the hell? " This is a while ago what the hell's going on it was running so so it it must mean people are there's something going on because people would rather have this than this now except for the ladies at at Safeway but they know now i don't know it fried their brains said "Why would I give you $2 for that? " And I said "That's the riddle of the day ladies.

" They were laughing we had a great time you know but it fried their brains said "What what what what and I said I have a book here for you it's called fake and this whole system is fake right now so we come back we go going more into how people lie cheat and steal because you know anytime there's money there's liar and cheater and stealer around there and I say to I've been saying this for years this is God's money this is fake money i like Bitcoin i call it people's money now I don't know much about Bitcoin but I'm just glad I bought it at six that's all I know right now so we come back we going more how you can know real money from fake money some of the other advantages of right now i've been saying this for years i used to work for still have capital ads i said buy silver and the reason is everybody can afford this everybody in the world can afford 30 bucks but they'd rather have this and that's today's rich dad lesson we'll be right back the average time to hire for most organizations is 30 to 45 days are you tired of the costly and lengthening hiring process simplify and speed up your recruitment by using experts at Express Employment Professionals reduce time to hire cut down on multiple interviews and lower your recruitment costs whether you're looking for contract workers or new team members our streamline recruiting candidate screening and hiring process is more efficient than hiring on your own visit expresspros. com today haven't used a staffing company before we know that you enjoy learning new things and keeping up with trends and efficiencies make a change this year with your hiring businesses are navigating a landscape that has never been more expensive or regulated start at expresspros. com to find the location near you with more than 860 locally owned offices you'll get the hiring support that you need at express.

com are you getting richer or poorer because right now the rich are getting richer while everyone else falls behind why fake money the government prints trillions of dollars inflating your savings while the rich move their wealth into gold and silver gold is surging silver is skyrocketing the smart money isn't waiting they're getting out of dollars before the next crash and here's what most people don't know you can legally move your IRA or 401k into gold and silver 100% tax and penalty-free with my friends at Priority Gold this is how the rich shield themselves they don't save fake dollars they save real money so don't wait get Priority Gold's free wealth defense guide now and see how to move your savings into something real text gold to999 or go to priorityold. com right now text gold to999 or visit priority gold. com and get your free no obligation wealth defense guide because waiting makes you poorer taking action makes you rich welcome back Robert Kiosaki the Rich Dad Radio Show the good news about bad news about fake money and again we're talking about this stuff is fake and this is real money we have friends dear friends is Jim Clark from Republic Monetary in here in Phoenix Arizona and Charles Goyette he's a book here's his book Red White and Blue and Purple All Over and We were going broke and um so you guys have been in the business for a while i've been in the business 72 my first gold coin i still have that gold coin wow it's not stored in America though it's stored someplace else where is that i'm going to I'm going to open my blabber mouth on TV it's like It's like It's like my attorney stands in front of this crowd says "Yeah I have a lot of gold i keep it at home.

" I said "Well why don't you just tell everybody where to just give them your address too? " You know attorneys aren't the brightest guys ever well I have strangers that will ask me "Now where should I store this? " I said "I don't know and I don't care.

" Don't tell me the FBI did you know well so J tell tell us about um what you have right here you have silver and you have gold so I have a kilogram of silver which is 32. 15 O and then I have a 10 gold bar and of course when you see something that big how do I know that's real so we have a device it's a spectrometer that we can put um that X-rays the bar and I've got it all set up so what I'm going to do is I'm going to point the device at the silver and I'm going to get a reading put it on there maybe four or five seconds it will read right into the bar it'll come back and if you can pick that up right on the screen it says AG which is the chemical sign for silver 99. 99% pure you know that this bar is absolute is there such thing as fake silver um they too long ago they caught some there are there were some companies years ago that were making silver and gold and it wasn't coming out exactly pure and what happens then is if we find that we just throw it in the melting pot and then bring it up to pure cuz you don't want to sell a bar that's 94 95% pure so it's out there which is why we spent $20,000 on this piece of equipment that we can count we can u find a counterfeit bar if it's not pure gold we know right then and this has paid for itself many times over because so many times somebody will come in and say "Well hey I've got this this big block of gold and I want to sell it.

" Okay let's have a look at it you go through it it's pyite or it's copper or it's zinc was telling in the in New York bank he says they found some fake silver you know so well the bigger the bar the better chance that there is so I'm going to do the same thing with this gold just because that's really the valuable one a $20,000 piece of metal you want to make sure that it's what it's supposed to be same thing we come up AU gold 99. 99% pure which is exactly what it's supposed to be what would this cost me if I walked into your place Republic Monetary Exchange on Camelback Road in Scott I mean Phoenix Arizona what would that cost me uh just this just over $900 for that yeah my god and how much is this thing here that's going to be around 2 thou over 2,000 20 250 or more you get the you know this is 2,000 this is a gold what is it eagle american gold american gold eagle and that's 900 right that's kilogram of silver this is going to be close to $20,000 for this gold 10 ounces of gold that feels like real money doesn't it Robert i'll trade you this for this would you do that we'll get Go get 20,000 more though you're a little light actually you know on that subject we were talking about this the other night Robert about uh cash for gold i'm one of the few people who absolutely despise cash for buying gold and you'd think just the opposite that I couldn't wait to get cash but banks don't want it try and deposit 20 or $50,000 in cash they'll turn you away and say "Well we got to do this that and the other and uh we've got to file this form and we got to do that. " Hey I I would rather have a bank wire than cash anytime you know Jim's story really illustrates something let me He doesn't want cash and I thought the reason is is because might be dirty or you know it's hot money or whatever it is it's just a pain in the butt well it's that but you know what else i'm thinking down the road let's say I acquire a million or $2 million in cash that the banks don't want to take when this currency is repudiated I'm going to be stuck just like the people in Germany were twice in the 20th century that the the they were hauling wheelbarls full of uh Deutsch marks for basket of groceries and and that's and fake money brought Hitler to power the the Rhyar Republic Weimar Republic and the Reichar and all this every time there's fake money tyrants rise up because people know something is wrong yep so here we go in this country right you know but the but Jim's attitude now about cash is really illustrates that the government the deep state has won this war without legislation without public debate they have won the war against cash you know they've been at war at cash because it's anonymous that they they don't track you they can't follow you when you use cash and they've won the war yeah and so the only alternative people have to be to be off the grid not to be tracked not to be surveiled gold and silver that's it that's all so once again this is 1964 1964 I was 17 years old i started looking at the thing like this it was copper the Romans did the same thing way back in the end of their empire so what did what did what were they doing when they put copper in this thing a law called Gresham's law what does Gresham's law mean bad uh bad money drives good money out of circulation so this money went into hiding so I had bags of it i used to go caddy take my dollars go to the bank and pull out all the real stuff and hide the real stuff i didn't know what I was doing i was 17 years old you know wasn't the brightest kid on the block but I just knew this was fake i mean the you know this was fake now and then I come back from school a year later my mother spent it so the lesson is that was a powerful lesson ap turned it down they says you're cruel to your mom and I went said okay i said anyway is poor people don't know real money from fake fake money so what happened in 71 this became debt so I'm in in our c our company our rich dad we use pe we encourage people to use debt you know this is my other friend here he's a financial planner who doesn't recommend the 401k John McGregor says the top 10 reasons why the rich go broke and the one of the reasons they go broke is they don't have a plan for their money but they have no idea what money is well and and I've talked to people all the time that that are multi-millionaires they sold their business they did this that and the other and came into all this cash it's sitting in the bank and he said "Well you think I should buy some gold with some of this?

" I said "Well you know what they're doing with the dollar you know that they keep print printing them they can't print gold now you tell me how much you can afford to lose of all that money sitting in the bank. " And I would say "Leave that there and get the rest of it in gold. " It's a bigger risk having paper money it's a guaranteed loss and and eventually these are going to be worthless and we're in the 51st year of fiat money when Nixon closed the gold window a currency has never lasted more than 50 years until now and we're in year 51 how are we any different look what they they've done in Venezuela become they were one of the richest countries in the uh in South America and and actually the Western Hemisphere look what they've done to Argentina look what they've done in Cuba look what they've done in Mexico they same exact economic principles that they broke there we're doing the same thing here some somebody asked me once how many Charles how many paper currencies have gone uh broke have gone worthless over time and the answer is all of them all of them and the the ones that the ones that people still hold are only on their way they just haven't arrived at their final destination yet it's like I'm 17 years old in 1964 going something's wrong here that's Gresham's law and I I think that's one of the reasons I'm a rich person is I know real from fake and then so when Nixon took the dollar off the gold standard in 71 I didn't really know what that meant but the first course this was I was in Vietnam in 73 i came back 74 they made this legal remember that it was illegal so I had to smuggle that damn crew i was in Hong Kong in It was in 74 yeah because it was illegal to own in bullion form and about it in it was a felony it was a felony they they could put you in prison for 10 years and charge you $10,000 fine they made it a felony for Americans free people to own monetary gold and silver yeah or gold anyway it was a It was a felony how they Was it dangerous was it going to blow up was it nuclear contamination was it kill your neighbors with poison what what was wrong well of course you know the answer it's always the same answer the government grabs all the gold cuz it wants it for itself so you can't be allowed to have any it's exactly what they did at that time there were two uh very good senators uh Steve Sims and Jesse Helms who introduced the idea of Americans owning gold because foreigners could own gold and Americans couldn't and if there's anything to be said good about Gerald Ford it was that he signed the bill after it passed through both houses to make gold legal to own now unfortunately at the time gold was around $200 an ounce and over the next year and a half or so it dropped to a hundred so a lot of the curiosity of owning gold disappeared but fast forward to the Jimmy Carter days 1976 gold went to 100 and by the end of Carter's term it was 850 and silver went from about $3 an ounce to $50 an ounce in that four year period so during Carter this was $850 what what is this today uh 2,50 so why would you say this trash that's that's what I'm saying here it's fake how about that to sum it up that's fake it's a trick other thing I want to say because I'm I'm a history buff that's about the only subject I did well in school the reason he doesn't like the 401k is in 1974 when Ford took us put us back on we could own gold they put us on to 401k ARSA act and today this is the biggest reason you want to own gold because our pensions you know as we keep raising interest rates our 401ks are going down but not only this is my my book wrote the Ed Ed Sadell is our pensions are broke so the firefight fighters police officers school teachers their pensions are gone so the Fed's going to have to print that's my That's my whole summation well and what's what's crazy about it too is that you get your statement online every month and it says "Oh my god look I have $500,000 in my pension plan.

" Boy that's going to last me till um the year uh 2050 it's not going to the dollar's not going to be there first of all and the pensions are gone too but gold will be there forever this is God's money i mean they we used to have money for about 5,000 years but God put it here on the earth and that's when I was in the Andes with my old Inca friend i said "Geez look at those holes. " He says "Yeah we've been digging for a long longer than you have you know and I was in Mongolia same thing there's a place called the um checkerboard but they hold the checkerboard because the Mongolians this is thousands of years ago were digging for gold now they didn't have internet they didn't have iPhones and all this stuff humans intuitively knew to look for gold that's what blew me away well two last things okay there's a thing called uh distribution and accumulation price of gold is silver is low and silver and gold or oil i'm accumulating i've been accumulating since 72 i own more gold than most people most of the gurus on TV i own gold mines silver mines because I believe in this stuff because this is God's money this is fake money thank you gentlemen thank you sir thank you Robert pleasure to be here [Music] welcome back Robert Kiosaki the Rich Dad Radio Show thanks to Jim Clark a Republic Republic Monetary Exchange RME and Charles Goette a public monetary exchange because this is the hottest subject of all today it's silver and gold because this is fake um and if you have friends and family who are still hoarding this stuff here have a listen to this program and discuss it with them because they'll you know I'm now called the salad bar guru and I thought it was hysterical but it fried their brains you know i mean why what's the difference between this and this one's fake one's real i bought considerable amounts from Dana in in Austin Texas and he traded out my gold eagles for regular gold and I said "Why? " He goes "I don't know.

" But he says "You just made a lot of money. " So I got like instead of having 10 ounces of gold I now had uh 15 ounces of gold but just because one went from eagles to something else all I want is the ounce of gold and as long as it's pure I don't really care but some people do right finally final word Mrgoyette hey thanks for having us on again uh Robert this is and this is your book here plug the book and it's about uh red and blue and broke all over and how the country is uh broke all over and this exact story you've been trying to explain to people for a very long time and now here we are another thing we do I send out a newsletter every week the bub blog basically that gives a synopsis of what's going on the past week and maybe what we're seeing down the road and just keep keeping clients and uh prospects informed of how we see the market and I encourage people to go to our website rmegold. com and you can sign up for the newsletter there's no charge we email it out every Sunday afternoon or Monday morning whenever we put the finishing touches on it i would encourage people to sign up for that at rmegold.