The Future of the Gold Standard and the Collapse of the Dollar - Robert Kiyosaki, Peter Schiff
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- čas přidán 7. 07. 2024
- In this episode, Robert Kiyosaki is joined by economist Peter Schiff to discuss the potential return to the gold standard and the implications for the global economy. They delve into historical events like Nixon's 1971 decision to take the dollar off the gold standard, the economic consequences of this move, and Schiff's predictions for a future financial crisis. Peter Schiff shares his views on gold as real money, the flaws of the current monetary system, and what actions individuals should take to protect their wealth. The discussion also touches on the role of BRICS nations, the potential risks of a Fed coin, and the impact of a dollar collapse on the American standard of living. This episode is packed with valuable insights and is essential viewing for anyone concerned about their financial future.
00:00 Introduction
01:35 Historical Context: Nixon and the Gold Standard
04:11 Peter Schiff's Perspective on the Gold Standard
08:53 Impact of COVID-19 on the Economy
10:52 The Role of BRICS and Future Economic Predictions
14:37 Potential Return to the Gold Standard
17:06 Fed Coin and Inflation Concerns
21:44 Final Thoughts and Advice from Peter Schiff
24:10 Conclusion and Farewell
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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.
Given the persisting global economic crisis, it's essential for individuals to focus on diversifying their income streams independent of governmental reliance. This involves exploring options such as stocks, gold, silver, and digital currencies. Despite the adversity in the economy, now is an opportune moment to contemplate these investment avenues.
The pathway to substantial returns doesn't solely rely on stocks with significant movements. Instead, it revolves around effectively managing risk relative to reward. By appropriately sizing your positions and capitalizing on your advantage repeatedly, you can progressively work towards achieving your financial goals. This principle applies across various investment approaches, whether it be long-term investing or day trading.
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 think this is something I should do, but I've been stalling for a long time now. I don't really know which firm to work with; I feel they are all the same but it seems you’ve got it all worked out with the firm you work with so i surely wouldn’t mind a recommendation.
I definitely share your sentiment about these firms. Finding financial advisors like Marisa Breton Dollard who can assist you shape your portfolio would be a very creative option. There will be difficult times ahead, and prudent personal money management will be essential to navigating them.
Marisa 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.
A weak dollar can signal an economic downturn, making me to ponder on what are the best possible ways to hedge against inflation, and I've overheard people say inflation is a money-eater thus worried about my savings around $200k
The stock market is a way to hedge against inflation. Most notably amidst recession, investors need to understand where and how to allocate funds to hedge against inflation and still make profits.
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.
It's often true that people underestimate the importance of financial advisors until they feel the negative effects of emotional decision-making. I remember a few summers ago, after a tough divorce, when I needed a boost for my struggling business. I researched and found a licensed advisor who diligently helped grow my reserves despite inflation. Consequently, my reserves increased from $275k to around $750k.
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 46 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.
Finding financial advisors like Melissa Terri Swayne who can assist you shape your portfolio would be a very creative option. There will be difficult times ahead, and prudent personal money management will be essential to navigating them.
We are living in a central planned economy where every good thing seems controlled, from real estate to stocks and now gold. I'm open to ideas how to safeguard and grow my wealth amid high inflation, can't let over a mil lose its value by just sitting in my bank.
buy bitcoin! it is decentralized and most secure, thus healthy competition among many miners
I think you're better off speaking with a certified market strategist, they can help with pointers on equities to acquire
Right, when it comes to situations like this, having a seasoned advisor diversify your portfolio for high performance is ideal and thankfully, I can attest to this approach, seeing my holdings of $800k grow by 240% in barely 3 years.
@@arlenehill4ril how to put my money to work has been my daily thought, did my research and most suggestions pointed at the stock market, the thing is i'm an absolute noob at investing.. mind sharing info of the advisor guiding you please?
Karen Lynne Chess is my FA. Just google the name and you’d find necessary deets. To be honest, I almost didn't buy the idea of letting someone handle growing my finance, but so glad I did.
I was a stay at Home mom with no money in my IRA or any savings of my own, which was scary at 53 years of age. Three years ago I got a part time job and save everything I make. After 3 years, I am 56 yo and have put $9,000 in an IRA and $40,000 in my portfolio with CFA, Abby Joseph Cohen. Since the goal of getting a job was to invest for retirement and NOT up my lifestyle, I was able to scale this quickly to $150,000. If I can do this in a year, anyone can.
I know this lady you just mentioned. Abby Joseph Cohen Services is a portfolio manager and investment advisor. She gained recognition as a former employee at Goldman Sachs; a renowned investor she is. Abby Joseph Cohen has demonstrated expertise in investment strategies and has been involved in managing portfolios and providing guidance to clients.
How do i reach her, if you don't mind me asking?
@ryancihet555
Well her name is 'ABBY JOSEPH COHEN SERVICES'. Just research the name. You'd find necessary details to work with a correspondence to set up an appointment.
Been debt free for two years thanks to Abby Joseph Cohen Services. So sad to see my friends in their 40s with car loans, mortgages and credit card debt.
Abby Joseph Cohen hooked me up with a late-stage fund that got me in on private shares of some hot companies before they hit the market or blew up. Those investments totally paid off when the companies went public and their stocks shot up. Now, I'm stoked because I'm heading into retirement with almost a million bucks in my portfolio.
in my opinion, it is better to gain money than to lose it, that's why I work with unimantic project, it is the best of all lines of projects at the moment.
Peter Schiff is the best
I lost over $80k when everything started to tank. Not because I was in an exchange that went belly up. I was just stupid to hold and because that's what everyone said. I'm still responsible. It just taught me to be a better investor now that I understand more of what could go wrong. It took me over two years of being in the market, I'm really grateful I found one source to recover my money, at least $10k profits weekly. Thanks Charlotte Miller.
I'm surprised that you just mentioned and recommended Charlotte Miller, I met her at a conference in 2018 and we have been working together ever since.
She is my family's personal broker and also a personal broker in many families I'm United States, she's a licensed broker and a FINRA AGENT in United states
The very first time we tried, we invested $1000 and after a week, we received $5500. That really helped us a lot to pay up our bills.
I'm new at this, please how can I reach her?
I just withdrew my profits a week ago, To be honest it was an amazing feeling when the profits hits my wallet I wish I could reinvest but, too much bills
Apparently, the guy doesn’t know about the Unimantic platform, where you can passively earn money on cryptocurrency.
Gd
Our money is fake, so true Fake is a brilliant read thanks Robert
I lost over $80k when everything started to tank. Not because I was in an exchange that went belly up. I was just stupid to hold and because that's what everyone said. I'm still responsible. It just taught me to be a better investor now that I understand more of what could go wrong. It took me over two years of being in the market, I'm really grateful I found one source to recover my money, at least $10k profits weekly. Thanks Natalie Strayer.
I'm surprised that you just mentioned Natalie Strayer here also Didn’t know she has been good to so many people too this is wonderful, i'm in my fifth trade with her and it has been super.
The very first time we tried, we invested $2000 and after a week, we received $9500. That really helped us a lot to pay up our bills.
Natalie Strayer has really set the standard for others to follow, we love her here in Canada 🇨🇦 as she has been really helpful and changed lots of life's
I'm new at this, please how can I reach her?
After I raised up to 125k trading with her I bought a new House and a car here in the states also paid for my son's surgery
Glory to God shalom.
I am so happy that I made productive decisions about my finances that changed my life forever. I am a single mother and I live in London, I bought my second house in September and I hope to retire next year at 40 if all goes well. thanks to Louise O'Brien for helping me achieve this.
I've heard a lot about her. Please how do I contact Louise O'Brien?
SHE IS ON TELE GRAM.
She communicates on telegram..
@ATLouise55 ..that's it .
That’s her user-name
1 hour of Peter Schiff is a masterclass in Austrian Economics. He explains free market capitalism better than any other economist.
Thank you for having him on. Great to see these 3 greats together teaching financial education. 🙏🙏🙏
The real test is can you make money from these guys advice, or is it just hope? Think about it.
@@stephenpaul4258sure you can, if you understand sound money
Peter has been a long-term gold bull as I have, but he missed the whole Crytpo bull market which significantly outperformed gold for the last 15 years. He can be great at explaining Austrian Economics, but the only thing he focuses on is Gold and he misses many other opportunities in other sectors. Fintech is taking off, and digital assets will be a big part of the new financial future, and he will probably miss that trend too... luckily I will cover it in the Financial Liberties newsletter and on our channel.
@@stephenpaul4258a smarter question is: "How much money have you from these guys' advice?" That's better than taking the envious/hopeless/know-it-all perspective.
peter is best!
Thank You
WE ARE FEW BUT " WE GET IT ", haha
Robert is in his glorys, let peter hammer it home... Great Stuff
TRUTH
nothing more needed
I really appreciate the stats and Data that you and others puts together for us daily, If you invest right now in Bitcoin, the sky is limit. If you invest in gold, you have my sympathies. I was a Peter Schiff customer disciple since 2010. Very disappointing returns. Perth mint silver. Negative returns. The government has gold and silver locked down. They aren't going anywhere significant. I don't know what many youtubers are talking about with assets. Most stocks give no dividends and when the company goes bust stock holders usually get zip, nothing. No risk. No reward....... it’s so sad that many are so powerless and it's not about guessing the market's next move; it's about playing it smart and steady during trading...managed to grow a nest egg of around 2.3Bitcoin to a decent 19Bitcoin in the space of a few months... I'm especially grateful to Francine Duguay, whose deep expertise and traditional trading acumen have been invaluable in this challenging, ever-evolving financial landscape.
Francine Duguay program is widely available online.
I appreciate the professionalism and dedication of the team behind Francine’s trade signal service.
Trading with an expert is the best strategy for beginners and busy investor s who have little or no time to monitor their trades.
The key to financial stability is having the right investment suggestions for a diverse portfolio. Many investment failures and losses happen when you invest without proper guidance.
It was quite challenging to understand the different trends on my own until i found out about Duguay. Trading made easy.
Peter is GREAT!!!
Hello Financial Education is 🔑 Key.
Very informative topic thanks guys
Great video. Thank you.
Very helpful Thank you for sharing this
Great video!! Thanks for sharing!❤
Robert and Kim we love ur teachings. (from Ethiopia)
WOW... your show has gotten REALLY popular Robert. How can I tell? I'm getting TWO commercials every 180 seconds! 🤯
that's every 3 min btw. And then you run your OWN commercials! 🤬
*Let us watch what President Donald J. Trump does when he is returned back into the authority & power position by GOD'S VERY HAND.* God warned the righteous and the unrighteous (wicked) in Haggai 2:8, *"The silver is Mine and the gold is Mine, declares the Lord of hosts."* Those words should cause the wicked to be very concerned. *GOD WILL TAKE BACK WHAT IS HIS,* and He warns the wicked holding His silver and His gold in James 5:1-3, "Come now, you [wicked] rich, weep aloud and lament over the miseries that are surely coming upon you. Your abundant wealth has rotted and is ruined, and your garments have become moth-eaten. Your [fake] gold and your [fake] silver are completely rusted through, and their rust will be testimony against you and it will devour your flesh as if it were fire. You have heaped together treasure for the last days." Pondering this, God puts silver 1st in His pecking order, but the wicked put gold 1st in their pecking order. *LET'S WATCH GOD.* We've entered some amazing days for sure!
I have the cash flow (& the board game!)...three of my favorites on screen... my mentors.
I like Peter and agree on an individual level of using gold as insurance policy. The Military industrail complex and the bankers will never be restricted by a gold standard. They may playcate us with a fractional gold currency that always become fait money
They appeared to be limited by the Gold Standard Currency during the 1960's colonial conflicts.
The fiat currency was introduced to overcome the limitations of physical currency.
How is it working so far?
Are you still just holding coins? Guys, what are you doing? Unimantic has been around for almost a year!
Dollar going down
Dollar going back home 🏡
These videos have a bunch of bots in the comment sections.
I often dont watch shows of Uncle Robert but even when i watch i learn new things, what are suprised when we know our position as a debtor in the inflation times
The world costs of Commodities was going up by 2015.
BRICS has now gained a Trade Group with around 70% of available resources.
That seems to be what is driving costs up.
Amazing 92.5% of wealth to B&I side (good people side)
These guys are a powerhouse in real money 💰 🤑
Unfortunately, correct. “And people are different, they are unequal…. If a man has an idea, he will try to find a few people who realize the value of his idea.” Other people, at first, may say: “ they are fools”; but they will stop saying so when they discover that this enterprise is flourishing, and people are happy to buy its products.- Mises
there is not enough gold in the world to support the size of the world economy
Putin suggested the use of physical currency over 20 years ago.
The BRICS Members began accumulating Gold a long time ago.
But when you consider the fact that two of the largest Communist Nations,
now are represented at the Head Table of a Trade Group that represent 70%
of available resources, the endurance of Capital in World Markets ,
now appears to face some interesting challenges?
Scary times
In today's world it makes way more since to keep gold in tech and jewelry. Admittedly came in as a skeptic, but in looking for why a shift back towards gold is needed, the answer from this video has a focus on that it's how we used to do things, and to have a basis on a tangible object. Not bad arguments if we were starting from scratch, but I'd like to fix the problems in the current economics by moving forward, not backwards.
Where can I buy gold? How safe is to keep at home?
Local coin shops or online you want to keep it safe at home do what most do and dont tell anyone you cant be robbed of something if they dont know you have it,loose lips sink ships and all that 👊
Amazing, Amazing Video! Wow!!!🤩🤩🤩
The dollar's devaluation occurring because we're circulating more of them. The more in circulation, the cheaper its value. Tying it to a commodity may limit the government's ability to print more by restricting/tying printing to possessing this commodity.
They introduced fiat currency to replace physical money after the limitations of that form of capital was not helping the West to rule the World.
The new Quantum Financial system will do away with the Swift system and the fiat petro dollar.There will be large investments in tokenization of real world assets.
BRICS now represents a majority of resources available on this planet.
The US Dollar appears to be one of their targets?
They now are capable of bargaining for better Producer prices.
the Consumer Nations like the USa used to appropriate resources by
offering military threats.
Now the USA Empire appears to have misplaced the funds
that were assigned to develop the Military power.
IT IS GOOD TO BUY GOLD THROUGH PLATFORMS LIKE ETORO?
Thanks
Well this just perfectly explains the inverted yeild curve, why would foreign investors buy long term American municipal bonds which they know will loose value due to a collapse of the dollar
great video ❤✨👍
This was maybe 2010 2011 when cigarettes went from 450 to 750 and I said wow what a slap in the face. Coming out of a financial crisis and they just kick you when you’re not looking… I was playing Mortal Kombat with someone teaching him the game and I said “you want me to just let you win is that it?” He looked up and smirked at me and said “Yes, just let me win.” After he said that in 2011 I knew exactly where we were headed and this is exactly where we are…
Very few in america actually know what capitalism is.
is it possible to end money all together like the invention of the elevator and Jacque Fresco Venus Project- Machine government all resources for free no money 💵
Just agree to abandon Capitalism.
That appears simple as most Humans never appear to enjoy any disposable income.
It only requires agreement about respect for another system.
People appear ready to accept that concept.
It'd be awesome if the world returns to gold standard this 4th of July.
Father God Loves You so Much ❤️ Please Let me know if You want to talk about Kingdom of God ⭐️⭐️⭐️⭐️⭐️⭐️⭐️⭐️
Back the dollar with gold silver platinum palladium precious metals period
What about the Bitcoin, Will It replace the economic system?
What about crypto
of the dollar loses value, then crypto will gain value, and gold will only gain dollar value, not crypto value 😅
Peter Schiff is great
If toilet paper was small enough that would be a good investment
6:20
Nothing new, too many ads.
If CBDC is backed by gold will gold become an eSDR under the CBDC currency?
Austrian economists advocate the gold standard. They oppose fiat money, as prone to inflation, arguing that contemporary paper currencies did not spontaneously emerge in the free market. Instead, gold and silver were used as money in the free market.
Ajd za Rijeku i okolicu neki expert da dodje
Zeihan says there isn't enough gold in existence to enable the world markets to function
If someone mentions bond funds and treasury bonds I can hear the toilet flushing.
I believe investors should focus on under-the-radar stocks, especially given the present rollercoaster nature of the stock market. 35% of my $270,000 portfolio consists of collapsing stocks that were previously respected, and I don't know where to go from here.
Gold n silver is real money❤
❤❤
Sana nga tulongan ka nalang Ng financial Nayan na ibigay Sayo na tulongan ka sa pag sira sa buhay ko
And that’s why I put a reverse mortgage on my home (no payment) and took the opportunity to put my cash flow into metals. If taxes and insurance go up, the metals should too, and my solar loan is a fixed rate, so I won’t have to worry about electricity. Fix any costs you can and diversify.
actually a very good point you're making. Have you tried multiplying your assets this way or do you own only your home?
@@felixschneider1398 Yes, that’s what I did. So far, so good. I already had other assets, but saw what was coming in real estate (I’m in the California bubble), so this was a good way to diversify into non-real estate assets even further without changing my residence. These assets should do very well no matter what happens to the financial system and give me options in real estate or other investments later, after the dust has started to settle.
they gave their words, but they didn't keep their words.
Kiyosaki out to lunch with this gold standard bollocks. Tell us about your mines that you say you own.
Robert needs some bigger spectacles
It will never return to gold standard again. It simply doesn’t work.
I think Bitcoin is a better standard.
Petter last week said that GOLD is bullish :D but its in range almost for one montth, and you calling it the best ? we all know that in 2000years gold is climbing nothing is new. before 3 years You could guess when they started to talk about BRICKS that gold will rise up, so if this video was before years yes, but its very late when already is happening, they are not best , probably their more lucky
*Hallelujah!!!! The daily jesus devotional has been a huge part of my transformation, God is good 🙌🏻🙌🏻🙌🏻🙌🏻🙌🏻was owning a loan of $47,000 to the bank for my son's brain surgery (David), Now I'm no longer in debt after I invested $12,000 and got my payout of m $270,500 every months,God bless Christy Fiore🇺🇸🇺🇸🇺🇸..*
Hello how do you make such monthly ?? I'm a born Christian and sometimes I feel so down 🤦 of myself because of low finance but I still believe in God.
Thanks to my co-worker (Alex) who suggested Ms Christy Fiore.
She's a licensed broker in the states 🇺🇸
After I raised up to 325k trading with her I bought a new House and a car here in the states 🇺🇸🇺🇸 also paid for my son's surgery (Oscar). Glory to God.shalom.
Wow that's nice She makes you that much!! please is there a way to reach her services, I work 3 jobs and trying to pay off my debts for a while now!! Please help me.
Invest in monero crypto
Schiff happens.
we can't be in a gold standard because gold is a secarse resource( few). and it can't sustain the economy.
No, not really, the gold will just have to be repriced higher per ounce. Revalue the gold.
@@user-jx4om8yp7e you are saying because it's demand is high. it's price will be higher. then you are buying to hold not for transaction.
Revalue 19× since gold price has been suppressed for such a long time to save the dollar.
Bitcoin replaces the Swift system
Your explanation is clear and practical. Nevertheless, the market can undergo manipulation in various ways. While I initially grasped trading crypto assets, my technical analysis skills were a limiting factor. This changed when I came across Leah Foster Alderman's strategy. Day trading deserves increased attention, given its resilience to the market's unpredictable nature.
Thanks for sharing, I just did a web check with her full names mentioned
One coffee cup for retirement 😂
Contrary to popular belief, Gold, Bitcoin, Stocks, Bonds, will all collapse as yields rise. However, the US dollar will go up, as it is the best hedge against inflation because when asset prices drop (caused by the inflation) the US dollar will be able to buy gold, bitcoin, stocks, bonds, at dirt cheap prices.
The more they print money, the more inflation they create, the more bond yields will rise, the more bigger the collapse will be. To prevent this they will raise taxes, but in the long term this will make things worse as they then create a massive depression.
I wish peter would come around to decentralised technology. An hour of research should convince anyone that it is the future.
Precious metals are decentralized. Nice try, fedboi.
I thought Robert and Kim got a divorce
they'll do anything for money , incuding PLaying nice on TV,
⭐️⭐️⭐️⭐️⭐️
Gold giving 15 % returns
2024 $2350
2050 $88,963
$2350 15% 26 years =$ 88,963❤❤❤❤❤❤❤❤❤❤❤
They can inflate forever 😂😂😂😂!!!
🎉🎉🎉🎉🎉🎉🎉🎉
Gold giving 15 % returns
2024 $2350
2050 $88,963
$2350 15% 26 years =$ 88,963❤❤❤❤❤❤❤❤❤❤❤
Why do you continue to have Peter on this show, he is a clown, I Still don’t see a dollar collapse in our life time lol smh and he only has about 10 percent of his portfolio in gold lol
Trump is going to put us back on the Gold standard, mark my words.
Jew