Is gold a good investment in 2023? - Robert Kiyosaki, Jim Clark, Charles Goyette
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- čas přidán 31. 01. 2023
- In 1971 President Richard Nixon changed the rules of money. That year, the U.S. dollar ceased being money and became a currency. This was one of the most important changes in modern history, but few people understand why. Today’s guests explain why understanding the difference will help our listeners survive 2023.
Jim Clark, CEO of Republic Monetary Exchange says, “It’s a bigger risk having paper money that’s depreciating.” Clark goes on to point out that we are in the 51st year since Nixon took the dollar off the gold standard, and no other fiat currency has survived the past 50 years as a warning of the future of the dollar.
Charles Goyetter, author of the book “Red and Blue and Broke All Over” says, “There’s a rough patch of road ahead. For as bad as it’s going to be, the ones that take action will be so much better off.”
Host Robert Kiyosaki and guests Jim Clark and Charles Goyette discuss the difference between real money and fake money, and why cash is trash in 2023.
Get Republic Monetary Exchange’s free newsletter: rmegold.com/gold-market-discu...
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I'm from California I would like to get some advice from Mr Sam Deymon if possible.
Thanks for the shout-out guys! Sadly, I've done numerous gold and silver man on the street experiments, and the results are almost always the same!
Let our team guide you 📥
Emotion is the worst enemy of investors. Current prices are the best predictor of future returns; the most tried and true strategy is to invest consistently in a market cap weighted global index fund over decades. I've amassed a total of $1,930,000 since I began my journey in the financial market. So, where should I put my money aside from the financial market?
@Bill Consult a Fiduciary Investment Advisor. They offer a wide range of risk appetite, help you avoid their mistakes, and provide a big picture of the area you've chosen to invest in, especially those with more than 10 years of experience no disclosure
@Clara Lynn
Mrs Eleanor Roosevelt the bitcoin trader is legit and her method works like magic I keep on earning every single week with her new strategy
Wow I’m just shock someone mentioned expert Mrs Eleanor Roosevelt I thought I’m the only one trading with her
I’m glad to see Mrs Roosevelt mentioned here, my spouse recommended her to me after investing $4000 and she has really helped us financially in times of COVID-19 lockdown here in Australia 🇦🇺
She’s really amazing with her skills. She changed my 0.5btc to 2.1btc
I am totally new to this, I would need her help to start trading. Does having a broker mean less risk?
I would love to get in touch and invest with her
When I was a kid, I traded a video game for a 1898 silver dollar. The other kid thought he was getting the deal. I still have the coin, and I'm pretty sure I replaced the game when I saw it in a bargain bin several years later for 99 cents.
Cha 💰.
spot gold is driving towards $2,000/oz ,silver towards $25. rich dad's brand is starting to shine -hello debt ceiling crisis, goodbye to the dollar and america's good credit!!
You're right
Bought some silver about 10 years ago. But now I've been dealing with my mother's pension, it's reduced by half in in 12 years. She now lives on 60% of what's conciderd being the poverty limit. So I stopped saving in the bank. And now that my father died a few months ago, I inherited alitle money from his pension he was about to get, and all that will go to buy silver for my pension in about 20 years. My goal is to get about 1000 oz as soon as possible and let it grow over 20 years.
This sounds really interesting. I've been thinking of investing.
GOLD has NO VALUE. All it has is a 'PRICE', artificially priced with no relativity to reality. And, at the end of the day is priced in DOLLARS ( or other fiat currencies); The same dollars that are causing the SHTF and other 'terrors' we're confronting now. The ONLY asset that will maintain ANY 'VALUE' is the one that has an ACTUAL USE (other than just being a doorstop!) no matter WHAT the various 'currencies' and 'economies' do.t has an ACTUAL USE (other than just being a doorstop!) no matter WHAT the various 'currencies' and 'economies' do.
Thanks for the video and information
The question nobody has the answer to or I haven’t heard yet is what happens to physical gold in a persons possession when digital coin comes in
The two are unrelated.
Nothing…. The question does not make sense. Regardless of what technological Currency comes in, Gold will be highly sought after. Wars have been fought for gold. In history lesson in what happened in Alaska should give you enough idea that Gold will be valuable in the future. Bit coin or no bitcoin.
Resist the Digital Dollar if you value your privacy and freedom.
3 questions I have that no one wants to answer is:
#1) How do know know if your actually getting the correct value or some fake coin?
#2) How do you use gold and silver if the government outlaws it?
#3) How do you spend it if for example, you buy $50 groceries and your gold is worth $100? The store, gas stations etc. will not have change for that? Nor will they accept it if it's outlawed which it will be because this is all about the government controlling us.
(I'm serious, If I thought G & S would be of value in the coming crisis I will buy some)
Gold is weighed and sold at trader of gold. The value is exchanged. To commodity or account.
Nobody can become financially successful overnight. They put in background work but we tend to see the finished part. Fear is a dangerous component hindering us from taking bold steps we need in other to reach our goals. you have to contend with inflation, recession, decisions from the Feds and all. I was able to increase my portfolio by $289k in months. You have to seek for help in the right places.
i think it's not always about fear, Sometimes realistic factors discourage people from reaching their goals in life. For instance, I've tried investing in the stock market several times but always got discouraged by fluctuations of stock value
@Nick I agree. Based on personal experience working with an investment advisor, I currently have $385k in a well-diversified portfolio that has experienced exponential growth. It's not only about having money to invest in stocks, but you also need to be knowledgeable, persistent, and have strong hands to back it up.
Thanks for this tip. Her website popped up on the first page immediately I searched her, I read through her resume and it seems pretty tight. So, I dropped a message & hopefully she replies soon.
@@carter3294 reason why you should invest and save money by owning bullion
@@atanchopeter wait, the powdery stuff to season foods? lol
Man, I would love to see a debate between Dave Ramsey and Robert. Would be epic!!!
For more tips 📩📩
A pre-64 silver quarter is actually worth about $6.00 now.
Thks 4 gr8 vid, espec historical aspect re Au, Ag. Do the good gents sell their measuring tool?
Real Estate provides cashflow, tax benefits, equity building, competitive risk-adjusted returns, and inflation protection on its own. Whether you invest in physical properties or REITs, real estate may help you diversify your portfolio and reduce volatility. Dividends are what got me into investing in REITs, great way to secure the accumulate wealth, I hold AMT, CCI & PSA. $290k in profits made in 2022.
Consistently investing in high quality dividend paying REITs & companies over the long term is a relatively easy strategy to create generational wealth. My "boring" REITs portfolio paid me over $4,000 in dividends last month.
mind sharing info on the adviser who assisted you? been saving for pension since age 18 - company scheme. along the way I hit higher tax, so I added to my company pension with a SIPP (tax benefits) I'm 36 now and would love to grow my finance more aggressively, there are a few cars I still wish to drive, a few mega holidays, etc.
Lawrence, how is it that a property is a liability when I buy it, but it's an asset when Robert buys it? we'd both be borrowing from the bank as he puts it, no?
@@H.A.. Robert buys properties and rents them out --> ASSET. You live in your house --> Liability. Assets bring money in, Liabilities don't. It's OK to live in your house just don't call it an asset. He explains it well in his books which I highly recommend.
@@azn88guy Thank you very much. It's the reason I suspected, but had doubts.
All the best and I will read his stuff for sure.
I clearly understood the video thank you.But now where do i buy the gold & silver⁉️⁉️
Thanks for the content I appreciate it
SO much information. Prepare for the worst and hope for the best! GREAT STRATEGY!
Silver is absolutely the most valuable asset nobody understands. It will save our country one day once we get back to real money.
21 dollars an ounce don’t think so
What about gold stock like TRX, currently sitting at .40 cents per share. Is that recommended to buy also or are we only buying physical gold / silver?
Thanks good educational video.
I asked my father if he would invest $1M in the financial market. He said no, that I should treat the $1M as if it were an army. When you invest that money, it's the same as sending it to Iraq, Afghanistan, Libya, and Syria. There, those soldiers will die, as will your investments, so it is preferable to keep your troops and money at home, safe and sound for when you really need them. And try not to require them as frequently. You should be fine after that.
LOL. The truth is that if the soldiers are properly equipped and given the necessary information, the mission will be successful, and the same is true for your investment. If you use the right strategy, you can outperform the market and make a lot of money. That is the textbook definition of a fiduciary investment-advisor.
@@Curbalnk Quite true. Having A PROVEN "Fiduciary" Guiding You Along Is A Good Start. Where As My investment-advisor, (Since Q2 of 2022'), Has Become More Like A Trusted Friend, Who Only Makes An wage As My Investments REMAIN Growing. .Made about $5M on an initial investment of $205,000.
@@TeresaBrickle Please who’s your investment-advisor?. I'm retiring next month. I'm a bit nervous about how to keep up with the skyrocketing inflation and cost of living.. I have $100k for a start
That's not good advice. You should at least buy some precious metals to protect the value of your wealth against inflation.
Yes, do not use your assets to acquire riches. This is how great Empires are built.
What is reputable company to buy gold and silver from
41:40 RCM makes .9999 instead of .999, my guess is the extra process makes for the higher premiums....
The premium on silver coins has been about $10 for many months now
What blows my mind about cash is, you're not allowed to transport over 10k in a flight. But wear a 50k Rolex or even more in jewlry. And it's just fine.
That’s a great point !
Investing in alternative income streams that are independent of the government should be the top priority for everyone right now. especially given the global economic crisis we are currently experiencing. Stocks, gold, silver, and virtual currencies are still attractive investments at the moment.
Nobody can become financially successful overnight. They put in background work but we tend to see the finished part. Fear is a dangerous component, hindering us from taking bold steps we need in other to reach our goals. you have to contend with inflation, recession, decisions from the Feds and all. I was able to increase my portfolio by $289k in months. You have to seek for help in the right places.
I think it's not always about fear, Sometimes realistic factors discourage people from reaching their goals in life. For instance, I've tried investing in the stock market several times but always got discouraged by fluctuations of stock value
@@Natalieneptune469 This is the problem! Most times people with little or no knowledge of the stock market try investing by themselves. It once happened to me, then I learned my lesson and contacted a US-based finance consultant by name Deborah Sue Bohn and everything changed. In in the first quarter of this year i made $370k and counting.
@@amirbrooks6530 Oh found her! Looked up her full name and she was my top search. Thank you for this! Really appreciate.
What do you guys think about goldbacks, and silverbacks? I don’t live in one of the states that have them, yet anyway. Are they a good investment?
Anything that is .999 pure is an excellent investment!! We buy silver by the oz. About every other month, we buy $200 worth of silver rounds (not coins..that's for collectors, and not for investment). Precious metals will always be valuable!
The Legend.
Can someone explain how if "Fake" money (Paper and Alloys) are truly fake, why we use that currency as a reference to the "Value" of "Real" Money? i.e. Gold is worth x number of "dollars" per oz. We can't (easily) purchase things or decide on the value of goods and services unless we relate it to a purchase price in the locally accepted currency.
I heard Robert say that when Debt to Gdp was 90% for every dollar you borrow the economy grows 10%. Can you explain this in more detail?
Why when debt to gdp is 140% the economy cannot grow with every dollar borrowed?
Maybe the debt service eats the rest.
I love the unapologetic authenticy of character of Robert. It's a beacon of light for the young population
how bitcoin same as solid gold and silver?..is it not subjected to counter party risk?
great show gentleman. what are your thoughts on platinum?
To get more enlightened, let’s converse
Great information 👍
Actually, it’s not true what you were saying the average person would much rather have gold or silver but the average person is also living paycheck to paycheck and they need to use their cash to pay bills. They can’t go pay a bill with a silver coin and even if they had the silver coin, they wouldn’t want to use it to pay a bill because they want to put it in a safe along with other silver or gold or real assets. That’s the biggest problem today and some people can’t imagine handing over $30 for silver. I agree that it’s much better to have silver instead of a savings account.
Thanks for visiting.
The ISO20022 digital assets are the rails for the banking industry. What digital assets are the rails for other industries?
What kind of silver will be worth more in the future? Is the coin silver with certified proof or just the regular silver bar?
for someone that might be interested in this idea, how would someone get involved in this? Bars? Coins? Gold stock?
I joined a company to buy gold and silver and I earn money while I build my gold and silver wealth 🤑🤣 Love what I do
how
Where do you buy gold and silver?
Where is the best place to store your gold and silver
Home?
Vault?
Where do you buy silver?
How are you able to make that much with Mr Sam Deymon....
This man is beyond wise, he definitely knows what he's talking about! Btw Robert, if you want to sell me your 90% silver quarters for 2 dollars each... I'll buy ALL you have lol.
Robert, do you anticipate the housing market to crash, and if so, do you intend on buying the properties up with gold? Thanks.
For guiding drop a📥
roberto do wherever u want.. u are the king !!! thank for all... i wish to know u one day.. its my dream today
Thanx, makes sence
Does this apply to 3d world countries ?
Thank You Robert, Kim, and guest, for sharing your wisdom.
I love the shiny stuff Phyz Ag
That machine which validates gold is a Must for and Audit of Fort Knox !
Ok man you were just saying about a week ago that cash was where to be - that you don't want to own stocks or crypto... I'm confused. Are you predicting or reacting to the market?
The only story he gets consistent is the one about flying his jet behind enemy lines during the Vietnam War to buy a gold coin..... He's full of himself
So should I sell out my stock holdings and mutual funds and buy silver and gold ??
No, diversify and buy both. Instead of saving cash, buy silver & gold!
Hit the block....crack and pills are cheap lol..
Greetings from Mongolia!!!!!
What about silver bars?
Are they worth it?
In 1968 I could buy a 16oz coke and a bag of chips for 25 cents, so I believe in real life your quarter is more valuable then $3.00, I can not now buy a 16 oz coke and bag of chip for $3.00
its 2023 and im 26 years old should I've been investing more in stocks or crypto currency ( general public question)
BUY SILVER!! It's used in everything, and there will ALWAYS BE A NEED. Paper money is worthless, and only precious metals, diamonds, oil, lumber, etc. will be worth everything! STAY AWAY FROM THE STOCK MKT.! It's 'manipulated to benefit only the rich.
Newsletter link is absent
For guild📥📧
Where is the safest way to protect gold and silver at home?
Mark Dice offered a 1oz gold coin for the mundane items people were carrying on them at the time,no one traded the gold coin,wouldn't even give up their fountain drink!
😂
Hello Mr kiyosaki.where i can Buy silver thanks.
Where do you recommend buying gold. Gold coins 24-22k? Or 14k gold chains?
Jm bullion
Gold jewlery has a 40% mark up on avg from jewlery sellers
@@bradc2662 send a dm…
Miles Franklin
A lot of pawn shops will sell gold jewelry for little more than melt since they buy its for 20-30% under melt and sell it scarp,you can buy it for pretty much melt since it saves them from having to ship it to a refiner.
If you pay for gold out of your bank account, can’t that be tracked?
Sir, what about a possible confiscation of the simple bulion? It happened before. They say that the collectibles were spared during confiscation. Thank you!
Best to you Richard, Been a VERY long time fan of yours. Best to YOU.
Where is a safe place to purchase coins?
Robert has helped me so much we are blessed
We can see Gresham's law in action in crypto market - BTC and all other tokens
Gold, Silver, Bitcoin and LEAD!
Always short of lead
Can someone help me? I understand what they say, but gold also has a value that is given by the people. So if the economy crashes and money is gone, what ensures the same wont happen to gold?
In 1978 I used to trade my pre-64 quarters 4 for a dollar.
It's silly to store gold and silver in your home....
So how could you ever trust another storage location?
Like our good buddy Peter Schiff said, "Gold is the chaperone to big government" Government doesn't want a chaperone, because then they are restricted by their spending.
Robert the way you do the ads is so corny 😂. But thank you for all the good info 🙏
The problem is I can't pay in silver. I need to sell it first but those who buy silver want their fee, so I need to have this silver with me until the price goes up so much, it covers the fee.
The most important thing that should be on everyone mind currently should be to invest in different sources of income that doesn't depend on the government. Especially with the current economic crisis around the word. This is still a good time to invest in various stocks, Gold, silver and digital currencies.
I have been investing in stocks for over 10 years now and I have made a lot of money. My portfolio has grown exponentially and I can't thank stocks & ROCHELLE DUNGCA-SCHREIBER enough for such an amazing way to make money!
Can we get the links to buying real gold/silver?
We are creatures of habit and more comfortable with those items we are most familiar with. So... with all the fun talk - please repeat - most important lesson - exactly what should we buy - gold or silver - how much? in what quantity? dimes and quarters or pure silver ingots? and how will we spend it as needed in future? to have gold and silver is fine until we can not trade for necessities!
I think the food and water will beat gold and silver if things get as bad as people are saying.
Is not an ASSET wealthy entrepreneurs knows THAT anything that could be taxed upon will not be an ASSET at all for them!
Rich people all invested in metal , got it ! Thanks Robert
precious metal is good only in curtain circumstances in my opinion. Precious metal is difficult to be used as capital because it does not "flow" . One reason cashflow is important is that it can "flow".
?? Metals flow when the host country blows up their currency. It's as old as Noah. Those that trust the government promises are hit hard, and swiftly.
Did anyone ask a question why are gold and silver in particular considered precious? What gives them value except they are rare?
Because they have a minimum of 5000 years of history used as real money .. they’re virtually indestructible and silver has many industrial uses. Silver is the best bet for beginners
I am trying to avoid making any new buys at this point in other not to get sucked into a bear market trap.It's tough making money in stocks when institutional investors are the driving force behind the selling.. although I read an article of people that grossed profits up to $150k during this crash, what are the best stocks to buy now or put on a watchlist?
Find stocks with market-beating yields and shares that at least keep pace with the market for a long term. For a successful long-term strategy I recommend you seek the guidance a broker or financial advisor.
@@ivanmpaa Very true , 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.
@@kevsmills wow ,that’s stirring! Do you mind connecting me to your advisor please. I desperately need one to diversified my portfolio.
@@andreasleonard0 Isabel Linda Dueri” is my portfolio-coach, I found her on Bloomberg where she was featured, I looked up her name on the internet. Fortunately I came across her site and reached out to her, you can verify her yourself
@@kevsmills finally this lady is getting known by lots of people
if ur xraying the silver why not a lead apron?
Dilemma, if silver min/max spot is manipulated and tethered to "fake" USD, then wouldn't the accumulation of say $1M in silver be worth much less as a future distribution in declining USD fake fiat?
Informative
Excellent. Free people
If I am not mistaken, digital currency will be the next currency for people who has a lot of money. That leave a lot of people out of their business. Why don't they try the big boys in Davis or bilderburg group?
So how do you spend this cyberspace money?
Good questions Sara. Ty
Respectfully, when the fit hits the shan you can't eat gold or silver, you can't take shelter in gold or silver and the pharmacy, if open, won't want it either. Yes, gold and silver is real money. But land with sun and water that can support plants and animals is your better investment. And firearms...
You can't buy land if you haven't got gold or silver because they dollar will be worthless. But all land, gold silver would be perfect preparing for the future.
@@silviamarinucci4645 the dollar isn't useless today though. So as you imply, now is a good time to buy as the Feds fake money does buy today. And tomorrow, well who knows what buys what. One thing for sure, any CBDC is going to cause problems.
Firearms only in America. Everywhere else in the entire world you'll be arrested for carrying firearms.
Thank You Mr. Kiyosaki for the big lesson.
I'm always watching your show
YEA. ✊🏼
Gold, Silver, Bitcoin my trifecta. 😍
Well said, mr Kiyosaki.