Why Gold is a Good Investment - Robert Kiyosaki, Andy Schectman
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- čas přidán 27. 08. 2024
- Robert Kiyosaki, Andy Schectman, Charles Goyette, Jim Clark, and Dana Samuelson engage in a deep dive into the current state and future of the US dollar. They discuss the historical significance of gold and silver, the effects of government economic policies, and the dangers of relying on paper assets like bonds. The conversation highlights the growing national debt and advocates for the strategic use of precious metals for wealth protection. The panel underscores the necessity of financial literacy to navigate the complexities of the economy and safeguard assets.
00:00: Introduction to the significance of gold
03:30: Historical context of gold as money
07:20: Gold's physical and economic attributes
12:45: Modern relevance and investment in gold
18:30: Discussion on government policies and gold
23:50: Speculations on future trends and advice
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Twitter: @TheRealKiyosaki
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Instagram: @TheRealKiyosaki
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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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Successful investing is hard work because it means disciplining your mind to do the opposite of human nature. Buying during a panic, selling during euphoria, and holding on when you are bored and just craving a little action. Investing is 5% intellect and 95% temperament.
Government policy has thrown the future under the bus for decades. The day of judgment is near. I predict an 80% drop in the stock market. Investors will abandon stocks in favor of real estate. There will be no money in banks... You must devise a strategy for survival.
I agree. I have pulled in more than $435k since 2020 through my advisor. It pays off more in the long run to just pick quality stocks and ride with those stocks.
@@mikegarvey17Mind if I ask you recommend this particular professional you use their service? i have quite a lot of marketing problems.
Credits to "Gertrude Margaret Quinto", she maintains an online presence. Just make a simple search for her name online.
She appears to be well-educated and well-read. I ran an online search on her name and came across her website; thank you for sharing.
*In 2024, building multiple sources of income should be on every wise person's mind. It's not all about watching CZcams videos or reading investment books, but seeking help from experts is the best way to attain financial success!*
To possibly grow your finance this year, it is necessary to seize investment opportunities. By seeking the aid of a finance pro and taking the right actions, you can grow and build wealth!
”Do not lay your eggs in one basket.” so therefore, I engage on various options (real estate, real assets, index/mutual funds, ETFs, annuities, lDOs and many others) with the aid of a pro *Donald Nathan Scott,* and so far i’ve made much returns.
If you care about his information and a means to contact him, look up his names as written below!
*DONALD NATHAN SCOTT.*
I think investors should always put their cash to work, especially In 2024, we'll start to see more market diversification. I'm hoping to invest about $350k of my savings in stocks against next year. Hope to make millions in 2024.
Since risk is at an all-time high right now, perhaps you should be a little more patient but remember the bigger the risk the bigger the results. Alternatively, you can consult a trained financial expert for strategy.
No doubt, having the right plan is invaluable, my portfolio is well-matched for every season of the market and recently hit 100% rise from early last year. I and my CFP are working on a 7 figure ballpark goal, tho this could take till Q3 2024.
How can I participate in this? I sincerely aspire to establish a secure financial future and am eager to participate. Who is the driving force behind your success?.
The decision on when to pick an Adviser is a very personal one. I take guidance from ‘Carol Vivian Constable‘ to meet my growth goals and avoid mistakes, she's well-qualified and her page can be easily found on the net.
Thank you for the lead. I searched her up, and I have sent her an email. I hope she gets back to me soon.
I have a three fund portfolio consisting of 33% S&P, 33% Total stock, and 33% international. I feel a need to focus on complete growth so I went 100% stocks, but does the SP500 and TSM overlap too much to make sense holding both? However I’ve been in the red for a month now. I work hard for my money, so investing is making me a nervous sad wreck. I don’t know if I should sell everything, sit and just wait but watching my portfolio dwindle away is such an eye -sore.
There are many other interesting stocks in many industries that you might follow. You don't have to act on every forecast, so I'll suggest that you work with a financial advisor who can help you choose the best times to purchase and sell the shares or ETFs you want to acquire.
I agree, that's the more reason I prefer my day to day investment decisions being guided by an advisor seeing that their entire skillset is built around going long and short at the same time both employing risk for its asymmetrical upside and laying off risk as a hedge against the inevitable downward turns, coupled with the exclusive information/analysis they have, it's near impossible to not out-perform, been using my advisor for over 2years+ and I've netted over 2.8million.
I actually subscribed for a few trading courses but it didn't help much, been getting suggestions to use a proper financial advisor, how did you go about touching base with your coach?
Colleen Janie Towe covers things like investing, insurance, making sure retirement is well funded, going over tax benefits, ways to have a volatility buffer for investment risk. many things like that. Just take a look at her full name on the internet. She is well known so it shouldn't be hard to find her.
Colleen has the appearance of being a great authority in her profession. I looked her up online and found her website, which I reviewed and went through to learn more about her credentials, academic background, and employment. She has a fiduciary duty to protect my best interests. I sent her an email outlining my objectives and also booked a session with her; thanks for sharing.
I'm turning 45 and have been fortunate enough to penny pinch my way to saving a $300k or so. But then I gambled it all away. I put my entire net worth into technology stocks and other risky investments and lost over $100k in one week.
I wanted my money to grow so fast that i didn't even wait to think about how to grow my life responsibly.
This is basically my story also. I didn't get a financial advisor either.💔
Diversification is key. I've had success with a mix of growth stocks and dividend-paying stocks. Have you considered consulting a financial advisor to help guide your stock investment strategy?
I'm also looking to dip my toes into stock investing as well. Do you have any recommendations for a good financial advisor who specializes in stock market
SAMUEL PETER DESCOVICH
GOOGLE the name
Samuel Peter Descovich that's whom I work with
i’ve got a couple of good ETFs in my portfolio and I still got other share holdings doing incredible numbers. I’m up 37% YTD! I’m also well positioned with good blue chip companies and I have stop losses in place, Personally with insights from my advisor Emily Lois Parker I prefer to invest in large cap companies which have economic moats, large cash flows and strong balance sheets. Some of which are AAPL, MSCI, IUKD, VHYL, SCHD, NVDA and Barclays…
Geez, strong performance in 2023. Congrats! Kick down those Wall Street doors
I looked up Emily Lois Parker on the internet out of curiosity; she has a strong résum
many individuals miss out on gains due to actually NOT being in the market and waiting for the chance of a crash. Perhaps it's wise to do both partially
did a quick search and found her webpage. I must say her resume is pretty impressive.. will be writing her too
Damn it Robert! Let them explain things. We out here are not stupid. We understand these things. Quit telling them to keep it simple! It’s not that simple. I love you brother but let them talk. Please!
Its not about if we understand it. Keeping it simple is a way of living. Its a whole energy
We don’t want to listen to jargon sir.
I agree with you. I suppose he is afraid if it sounds in any way technical that many of his dumbed down audience will tune out. I didn't think any of the gentleman were being too esoteric at all, and if I were them I would think twice about appearing on his show again. Have some self respect, because Robert is very egotistical. Maybe he does spend a lot of money with them, so they took their spankings?
Why he keep snapping at Jimmy 😂😂😂😂....Jim is speaking facts.
i think its because jimmy over explain things, robert likes things to be explained in simple terms.
Gold doesn’t give me peace of mind. Jesus is the only sure foundation. While I believe we need to know how to steward assets well, do not get it twisted……Confidence in gold or wealth is foolish. In one day it can all vanish. Our Heavenly Father is not based on Worldy systems.
I do like the parable about the 10 maidens in the New Testament. Some prepared and some didn’t. Do I have that right?
@@royalrich2337that parable is a second coming parable. The parable for wealth is Rich Man and Lazarus. As well as the parable of the grain and the Weeds.
Then why you curse Jesus in Galatians 3:13
@@capistrano99 how?
Obviously
Robert was a bit harsh with everyone keep it simple.. I had no issues following what was being sais by all guests
I agree. He looks down on the intelligence of his community. They were by no means esoteric in their explanations.
I'm 49 and earn about £2M ($2.5M) per year and save about 30% in HYSA's. I've been reading a lot of articles mentioning how worthless 'cash savings' are in this current unstable economy. Do you suggest I invest in real estate, stocks or Gold?
A consistent 5% return from the bank and US securities sounds better to me than worrying about losing your money if the stock market falls. Also consider financial advisory with the size of your budget.
Exactly, a good number of people discredit the effectiveness of financial advisor, but over the past 10years, I’ve had a financial advisor consistently restructure and diversify my portfolio/expenses and I’ve made over $3million in gains… might not be a lot but i'm financially secure and that's fine by me
bravo! i'm 46, inherited money from a childless relative and traveled overseas, got married to a lady almost my age, but the only issue is how to preserve and grow my wealth in view of retirement, can your advisor be of help please?
Nicole Desiree Simon is the licensed advisor I use. Just research the name. You’d find necessary details to work with to set up an appointment.
Thanks for sharing. I curiously searched for her full name and her website popped up after scrolling a bit. I looked through her credentials and did my due diligence before contacting her. Once again many thanks.
We don’t want it simple. We want everything in detail
Robert talks More than his guests. Why even have them if you talk over them and constantly interrupt them?
Damn Robert! Dumping on your guest speakers with “keep it f’n simple!” Every 45 seconds is both rude and disrespectful. Do a better job Robert.
Lil too much WarPath coffee. I get it. (Trying to keep it under 30 min, I guess).
IF you have gold in Switzerland, how and when will it be delivered? Nothing is guaranteed :)
I 100% agree, but I personally think he has a hidden vault in the states and probably even one in his personal residence but wants would be thieves to think otherwise.
Mr. Andy Schectman and Dana Samuelson, do you have a channel? I'm tired of Robert interrupting and thinking we are all stupid! Why do you have hosts, just to interrupt and tell them off... Shut it and let them talk for once!
I'm 70 and retired, I have $302k in a bank savings account making nearly nothing in interest. I’d like to put it in a HYSA (5%) or should i put a portion in index funds? I have $400k in an annuity. How do i maximize all this to make gains this year?
I took charge of my portfolio but faced losses in 2022. Realizing the need for a change, I sought advice from a fiduciary advisor. Through restructuring and diversification with dividend stocks, ETFs, Mutual funds, and REITs, my $1.2M portfolio surged, yielding an annualized gain of 28%.
massive gains! mind sharing details of your adviser pleas? i've started gaining more cash flow with my employment and looking at putting money into stocks and alternative assets that can help fuel my money goal
Heather Ann Christensen is the licensed advisor I use. Just research the name. You’d find necessary details to work with to set up an appointment.
Thanks for sharing. I curiously searched for Heather Ann Christensen and her website popped up after scrolling a bit. I looked through her credentials and did my due diligence before contacting her. Once again many thanks.
You’re broke! Greetings from Australia 🇦🇺
Guess who's had an argument with Kim, showing his true colours here
What was the argument 🤔
Robert knows the whole thing is about to blow and is trying to send a red alert the only way he can. 😊
Robert is a FUCKING Marine, so he can drop as many F bombs as required. It’s his show. His guests might not have liked his approach, but the times require it to be so. He wants to have them get to the point, quickly. We’re coming to the end of the line sooner than later. I really don’t want to hear from all these guys (not Robert’s guests, but the others on CZcams with commercials and/or shows) about getting in the stock market with their pitches of the next Tesla. Every sector will be taking a haircut, some more than others. Then you can jump in only after careful analysis and scrutiny. I’m confused as to where my money should be invested besides silver and gold. Not bonds for sure or perhaps not even cryptos, and certainly not real estate or stocks, unless you have insider info. Maybe land, but only if it’s obtained post crash for nickels and dimes on the dollar in desirable areas. Good luck, as BlackRock et al will be gobbling them up first. So, where are the other “safe havens”? Maybe foreign currencies that will rebound quicker than others? Not sure. So Robert, we know it’s your show and the clock is ticking, but we do need to hear your guest’s perspectives. We need as much info as possible to do the right things to preserve our capital. Having your metals safe over in or close to Switzerland sounds reasonable, but in an emergency, how quick can you get to yours overseas? I’d like to hear more on that.
Robert was like a Head Coach reprimanding his team during a half time. "Keep it f-@:k*n simple!" He's passionate because he realizes whats at stake. Everyone is la-de-da and we are going to be seeing an economic collapse in the near future because of the amount of debt being borrowed and the USA breaking the petrodollar system! Boo-yaaa!
Very entertaining video, too.
Robert seems to be extremely pressed. I feel it's awkward when he kinda snaps on his guests to keep it simple.
Weimar Republic is about right.
Robert’s at a point where if you don’t get it by now with the details you ain’t gonna get it and this is what you need to do - collect real money and not debt instruments. It’s too late to try and explain to the masses the plumbing - they’ll never get it, and it is just to cause confusion anyway. I get what he’s trying to do.
Cause confusion and anxiety with time running out.
Robert wants usable results in discussion, He is a Marine.
At this moment, it is crucial for individuals to prioritize investing in alternative streams of income that are not reliant on the government, particularly with the existing worldwide economic crisis. Investing in stocks, gold, silver, and digital currencies can still be profitable during this period. Therefore, it is advisable to explore these investment options to secure one's financial future.
You're correct!! I make a lot of money without relying on the government. Investing in stocks and digital currencies is beneficial at this moment.
In my opinion, the impact of the rise or fall of the U.S. dollar on investments is multi-faceted but learning how to grow your money has never been easier than now that you can explore and experience a truly diverse marketplace passively by using a well-performing portfolio-advisor.
I diversified my $400K portfolio across multiple market with the aid of an investment advisor, I have been able to generate over $900k in net profit across high dividend yield stocks, ETF and bonds in few months.
Please can you leave the info of your investment advisor here?
'Carol Vivian Constable, a highly respected figure in her field. I suggest delving deeper into her credentials, as she possesses extensive experience and serves as a valuable resource for individuals seeking guidance in navigating the financial market.
I wish he'd quit interrupting the guests.
I listened to quite a few of his podcasts but it's getting harder for me to take him seriously. I get his system of using dept to purchase hard assets like gold and not pay a bunch of taxes. Where he starts to lose me is when he gives the government s*** about being in massive dept but then starts bragging about being in a billion dollars in debt himself. Dept doesn't just disappear on its own it is still owed to the lender. One day this system will backfire on him.
Debt held by investors (like Robert) is the reason why there can’t be a debt jubilee, many like Bill Holter have stated. Those people have too much to lose. It wouldn’t be very likely to happen.
If that debt gives enough cash flow to service the debt and positive cash flow above debt it is a good thing but when it doesn't like our governments its a bad thing
KEEP IT FLIPPIN SIMPLE!!! 😂 Robert on a tear screaming CODE RED!!
Kiyosaki is a baddie on finance. Very cool show.
Robert you’re getting a little senile and ornery. Let these men present the subject matter in their own way without blowing a gasket- even if it’s different from yours. Trust the audience to make sound decisions for ourselves based on all points of view.
Robert Kiosaki is very rude to his guests and cuts them off. Robert should just talk and cuss if that's all he wanted. Geez!
To enhance our long-term investment mix, my partner and I are introducing a range of stocks and ETFs. We've committed $220k initially, with a particular emphasis on inflation-protected bonds and businesses demonstrating robust cash flows. I see potential for enduring growth in the current market, yet I'm also keen to explore strategies for generating short-term gains.
I dont think any of these guests have stated a difficult concept and it is annoying for Robert to continually interrupt them when they speak telling them they are being complicated. They are not.
I just wish Jim would keep it fkn simple 😂😂
Does Robert ever let his guest speak or is he all about dominating the interview with his guests, but for God sake let them speak and have the floor instead of constantly interrupting their flow.
Robert i suggest you treat your guests with a lot more respect in future. This was sad to watch.... Why so many "F" bombs brother? I like Gold and Silver too but What good does it profit a man if he gains the whole world but looses his soul in the process.
I am super excited to read my Rich dad poor dad book it just arrived a few days ago, now i learn from this book so much, i havent finished reading it but i am loving it
Robert is absolutely losing it in his old age 🤣 constantly interrupting his guests and using vulgarity. Still love the show!
@14:59 You know things are serious when Robert Kiyosaki drops an F bomb 🤣
Hey Robert, I appreciate your show, but I really dislike the way you hosted this episode. You put some terrible host decorum on display. Terrible manners...
Robert do you look younger today?
Full of botox and vinegar today.
Robert becoming little bit of everything: arrogant, disrespectful and totalitarian, if you don't speak what Robert wants to hear, he has a problem. I would not sell myself for a buck to say what's not on my mind. These other gentlemen are way more moral and much more patient.
I know! I was watching that thinking ‘CHILL OUT, Robert!’. If I was being interviewed I would have left.
@@invalidargument2598 I thought the same, but we’re running out of time. Robert could have presented it better and state it in a calmer fashion, but I think he feels frustrated as many will get paralysis by (over) analysis. I’m a bit in that place myself for over a month or so, as people can’t afford to make a big mistake.
Somebody tell Robert these guys are not communist sell outs so his faith can be restored in bonds 😂
Robert=OF DA HOOK!!!!! He really is letting it RIP these days!!! LOVE IT!!!!
Whether it goes 'up or down', real estate is NOT a sound 'investment'. Too many people (including 'official authorities - governments etc.) can tamper with it's price, conditions, useability, etc etc.
Robert is on their ass to keep it simple. Sad to say but most folks don't get it otherwise. Robert thank you for educating the masses about what money truly is.
Thank you Robert for saying 'keep it simple!' It's easy to switch off when there's jargon involved and it can feel like it's too hard to understand.
but how about canada?
Didn’t appreciate how rude Kiyosaki was in this
Why do have guests? All you do is talk over them. Your to busy trying to prove how smart you are. We get it. We already know what you think. Let's hear what your guests think. I agree with you . I do buy gold. I do believe paper is worthless. Just tone it down man. You interrupt your guests constantly . Let them talk for gods sake.
Gold gives me peace of mind ❤
Thanks Robert. I'm from Iran, your book "Rich dad, poor dad" helped me a lot in the awful economic condition of my country, Iran. I always appreciate you. If USD is towelette paper, what we must say about the shit, Iranian Rial? GOD BLESS YOU MAN.
Your country is more powerful than USD if your country remove their attachment to Dollar (reserve currency). Your country had real money bro..OIL is the heart of industries remove oil and all prices in bubble
Thanks 👍
This is spicy
he looks mad
Dear Mr Kyosaki, please can you also look at “the great taking”?
Robert youre a beast. Keep it up. You have a bunch of snowflakes on here crying. Love your show
RK is grumpy today.
I haven't listened to Robert for a while, and now I know why.... he's just keeps getting worse and worse. Insulting the guests, then insulting the listeners because he thinks they are so "simple", constantly bagging out everyone who hasn't done what he's done, then skiting about all his money and assets. I honestly used to love him years ago, but he's quickly turned into an arrogant old mega rich man that just barks orders at anyone or anything he can during his show.... I only got through the first 10 minutes of this, then switched off.....
I regret wasting my time on this. All we heard is that you flew in a plane and bought gold. We knew that already Robert.
I am reading Rich Dad Now
Where can you buy gold?
Delete this not a great look Rob
Kyosaki getting 2 old ,inpatient and repetitive, he's been talking same thing for years and time change, talk bout investment not just buy gold and silver staying there doing nothing but collecting dust
Thanks Robert
Love you man
Robert should call Dave Ramsey show.
This is the best idea I have ever heard. 😂
To my understanding Success depends on the right actions and steps you take to achieve it. And taking the right opportunity.
Real estate or crypto?
I’d give you a hint, go google “Robert kiyosaki private vip mentorship class on The choice”
I’d give you a hint, go google Robert kiyosaki private vip mentorship class on The choice
Hello mr kyosaki im your biggest fan
Robert- you are a terrible interviewer. You don’t let your guests finish their sentence, you say the same exact thing each episode (Vietnam, Nixon, assets) with no further detail, you control the dialogue to the point of where it’s not a conversation. Your guests clearly want to provide more detail but you won’t let them. I’m getting bored of these videos they’re ridiculously repetitive and in this one you were outright rude
Hi Kim!
Good. Intel! Hedge in. Gold and. Silver . No. Politics!🎈
My boy Robert is one of the best modern day poet in this era
Tell em how you really feel
Bit rude
I’m a teacher but I know about the system. I’m collecting silver… Not all teachers are ignorant with money. He always brings in teachers into the conversation.
Silver will be valuable in the future because of its usefulness as conductors in high tech devices.
You being a teacher. Have you taught any of your students about money, financial education, or the system since you know about it?
@@richardvasquez9668 he must loose his job doing so, lol.
@@richardvasquez9668 I have a little. I do A LOT with my 2 boys.
Thats not a teachers job😅@@richardvasquez9668
I think investors should always put their cash to work, especially In 2024, we'll start to see more market diversification. I'm hoping to invest about $350k of my savings in stocks this year. Hope to make millions in 2024.
Ouch! We have good days and we have better days, never a bad day.
Love the show. We understand what your guest are saying. Stfu and let them say it
Is that simple enough?
Roberts pissed off today lol
always would watch this program until the language got crazy. not necessary!
I would love to hear Peter Zeihan talk with these guys
Thank you!
Ok wait….. let’s not speak over each other Robert not letting other speakers speak slow down Robert !!!!!
😅😅😅 Please…. Let them talk
Hi, Robert
Amazing, I feel so blessed to have found you guys, I can't believe still I'm sitting here listening to some of the wises men in the world tell me how simple it can be to get wealthy. Tha j yiu guys so much!
Thank you Robert. God Bless!
New intro - This is the Rich dad keep it fucking simple radio show I'm Robert.....
Great video Mr.kiyosaki the us government I so broke they can't afford to pay the interest on their treasury bonds to the federal reserve.
Your information is stellar. Been investing in silver for 3 years now. However it’s the educational system created by the super rich not the teachers that are the issue. No teacher creates their own scope and sequence. The change lever is in those who control textbooks and create schools as institutions. Speaking as a former school teacher for this very reason
Would someone keep the sundowner quite and let the guest speak!
Hit 200k today. Thank you for all the knowledge and nuggets you had thrown my way over the last months. Started with 14k.
You’ve been crying the same cry for years now and life goes on and on and on
If you are not in the financial market space right now, you are making a huge mistake. I understand that it could be due to ignorance, but if you want to make your money work for you, prevent inflation from eroding your savings, build generational wealth, and cultivate good habits and financial knowledge, you must be in the market.
Most irritated and rudest Ive ever seen Robert
With my portfolio of $750k. I’m looking for opportunities to profit in a potential downturn, According to rating agency Moody’s, both the UK and the US are set to fall into a recession because of higher interest rates.
robert very annoying and borderline impolite with his constant “keep it simple”
Robert, you don't have to use the F-word and be so rude to people and because of how you are acting on this channel I can't share any of these videos to people because they won't listen to them because of your language and you're rudeness. And it's sad because you have such wonderful educated people on here. But because of how you are hosting this show, I cannot share these videos.
Keep it f*ckin simple guys! 😂😂
Precious metals like gold and silver have very low portability in this Internet age. They belong in the previous century.
Arrogant Kiyosaki will die a curmudgeon.
Damnit guys keep it simple