Why You Should Buy Silver Now - Robert Kiyosaki, Andy Schectman
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- Опубликовано: 10 июн 2024
- Robert Kiyosaki and esteemed guests dive into the timeless value of gold and silver compared to fiat money, bringing to light why you should buy silver in today’s economy. This is the fourth and final part of our enlightening series, where we uncover the truth behind real wealth and the illusion of paper currency.
Robert Kiyosaki, the visionary behind Rich Dad, kicks off the discussion with a reference to his own journey and why Rich Dad was founded - to educate about wealth erosion through taxation, inflation, and the pitfalls of fiat currency. Highlighting the simplicity of real (gold and silver) vs. fake (paper money), this episode is a treasure trove of insights.
Our guest experts, including Charles Goyette, Andy Schectman, Dana Samuelson, and Jim Clark, share their profound knowledge on the liquidity of gold and silver, debunking common misconceptions about these precious metals. They emphasize how gold and silver are not just investments, but lifelines in uncertain economic times, offering immediate liquidity and long-standing value.
The episode further explores the historical and numismatic significance of coins, especially the intrinsic value of silver in coins like the 1964 Kennedy half dollar. Guest Dana Samuelson, with his expertise in rare coins, sheds light on the numismatic value and how to navigate the market wisely.
A poignant part of the discussion is the emphasis on Gresham’s Law and how it has played a role historically in the value of silver and gold. The guests share personal anecdotes and professional experiences, illustrating how precious metals have been a consistent store of value across civilizations.
The conversation takes a futuristic turn as we discuss the role of silver in modern technology and its potential as the “trade of a generation,” as Andy Schectman puts it. From its use in electronics, solar panels, EVs, to its historical role as money, silver’s multifaceted importance is thoroughly examined.
As the show wraps up, the discussion pivots to comparing precious metals with digital currencies like Bitcoin. While acknowledging the rising interest in digital currencies, the consensus leans towards the proven, enduring value of gold and silver.
00:00 Introduction to silver's value and history
05:10 Industrial and monetary uses of silver
11:20 Silver in the modern economy and investment strategies
17:45 Comparison of gold, silver, and Bitcoin
22:30 Final thoughts and episode wrap-up
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Disclaimer: The information provided in this video is for educational and informational purposes only. It should not be considered as financial advice or a recommendation to buy or sell any financial instrument or engage in any financial activity.
The content presented here is based on the speaker's personal opinions and research, which may not always be accurate or up-to-date. Financial markets and investments carry inherent risks, and individuals should conduct their own research and seek professional advice before making any financial decisions.
I started stacking/ collecting coins, bars and rounds in 2022... I've accumulated just under 1,000k oz's of silver and 6 oz's of gold. I sure do wish I would have started stacking back in the late 90's. I encourage my kids to start stacking now because there's no telling where silver and gold will be in 25 years. I can only speculate. It's been form of payment, since Judas betrayed Jesus for 30 pieces of silver.... and even before. Paper comes and goes but gold and silver is forever.
Thanks for all the incredibly helpful information.
You have a million oz of silver??
Fortunately, gold and silver will still be money when the grid goes down, bitcoin, not so much!
Bitcoin is a scam, eventually people will realise and young people will get hurt, real bad.
❤❤❤
@@user-jw5qm8wk3v as long the Fed is in money control, silver will not break out
Dooms day is not where we are heading as a collective.
if the grid goes down (countrywide or even worldwide) in a way that there's a blackout for several days, then there are other problems than gold or silver in your portfolio.
You don't get any money, you can't buy anything as all systems shut down.
Not later than 2 days after the blackout there will be violence and lot of blood on the streets. nothing works, lootings everywhere. There will be chaos and death.
If the grid goes down, all structures in the world collapse.
This will never happen except during a zombie apocalypse or in case of a planned world-reset.
Liquidity good. Counterparty risk bad. Gold and silver win on both counts.
TQ Robert & Kim Kiyosaki. You’ve changed my paradigm since 1999.
THANKS FOR YOUR VIDEO. GOD BLESS YOU...
It’s sad that people need to be convinced to buy gold and silver. It should be self explanatory.
Just signed up for free course thanks RK
I love silver….I’ve all kinds of silver…bars, coins, bricks, you name it
Thanks so much for the group-input. What a great assembly of advisors!
I've had friends tell me start saving your dollars but knowing and listening to Robert all these years in his books and his podcast I know that the dollar is not solid at all neither is stocks or 401ks
Yep
What I enjoy the most about this interview with Robert Kiyosaki where all the commercials, and that definitely is not questionable 😂
Everyone needs to seek buying silver so that the rise in demand makes price go up high then Bob can sell high the silver he bought when it was low. Simple.
But where to keep silver coin? In home it is not safe and when you are moving from one place to another for instance one country to another than there come Airport Checking which does not alow to carry. Actually I don't understand where to buy and how to where to save them. Can you please 🙏 kindly explain this
@@56VADVENTURE convert to gold. If you’re moving it’s easier to move gold. Stash it in your luggage well don’t want to raise red flags. I’ve moved things undetected before just be extremely careful. Keep receipts for it as well. If you get caught without proof they WILL confiscate it
You have suggested an alterative motive but done noting to negate the premise. In fact your agreement that a factor can drive up the price only elucidates his proposition.
You hear a little bit prememin when you buy and then a charge when you sell. That's called The bussiness makes money comming and going.
Thanks very much.
Im a Rich Dad.... fan....my questions is Since Robert and Kim own Gold and Silver Mines whats the reason they purchase from these twol gentlement Gold and Siver?
Are silver etfs and funds and silver bonds also safe investments??
Who is a trusted co to buy from?
Owning both would be prudent. BTC is portable wealth and cannot be seized. 😊
Currently silver is a bargain, plus 5 states have now declared that gold and silver is currency and it is by the U.S. constitution, required to be used to settle debts.
Article 1 Section 10 paragraph 1
Your welcome 🙏
What states?
@@gilsoto4142 west Virginia, Wyoming, Arizona, Utah , Texas, Kansas, Oklahoma, Indiana
Fantastic series
Hi there, I enjoy all the podcasts and is very informative and i apply all the information that I gain from the podcasts in real life.
One thing I want to add about the production quality of the audio, most of the time the audio is not clear and there is a weird crackling sound when listening to the podcast through headphones.
I compared with other videos and I don't get the issue with any other channel videos
Gold, Silver and other precious metals have a dense intrinsic value.
Many other metals and resources without an expiration date also have an intrinsic value, but are expensive to store and transport.
Art has almost no intrinsic value.
If times are good and people are wealthy, the price of art can be high, but in times of crisis the value will vanish to almost zero.
Note: Expensive art, vintage cars, etc are excellent means to legally transfer money from criminal to criminal. That it its main purpose.
In times of crisis drugs like alcohol, tabac and chocolate are very useful, but they are no assets for real business. They are rather used for daily life.
Depending on the level of crisis you need different types of assets.
For pure survival you need other assets than for travel and housing.
And for investments during the crisis you need yet another type of asset, ie. gold and silver.
While there is no crisis, it has proven to be very profitable to play in the financial games. Buy stocks, buy bonds, trade in currencies, etc. BUT
1) Get out of this decade long snowball system on time and
2) Build up your own INSURANCE, and that insurance is gold and silver.
Good luck 🍀
As long as JP Morgan is not in jail ,silver will say where it is
True. The COMEX will soon fall though and the riggers like Jamie Dimon will go down with it.
Yes it’s manipulated. So is gold. But that doesn’t mean silver still isn’t very undervalued. Doesn’t hurt to have some in case the manipulation stops.
problem with silver and gold's liquidity is you need to account for premiums. It would like be like if you went to the bank and they charged you for every transaction so I argue with the liquidity when you need money, yes you can get it but at a loss, sometimes a substantial loss.
Exactly and what if when u need that cash and you sell in a dip. It can hurt.
Power house guys. Really informative.
Thank you as always Uncle Robert! -Erik
Thank you awesome series
Thanx Robert! Ive read afew of your books and have been struggling on deciding on what i want to invest in. And im more drawn to real-estate.
Why?? This video was about the importance of having at least SOME PM's NOT real estate. You should watch it again until that clicks. So resist!!!! It's too illiquid. If you're saving money for a few weeks to pay bills etc etc deposit dollars. If you're saving money for the future use any dollars in your savings account at your local bank and buy gold and/or silver and save those for the future, not dollars. If you want a financial future. Don't buy any real estate until you see how much land or house you can buy AFTER the coming financial event. Not now. Just buy some gold or go buy some silver it really doesn't matter which one. JUST GO BUY SOME PM's NOW WHILE THE BUYING IS SO GOOD and quit acting so stupid regarding your dollars and the amount of financial life left in them. The dollar of today is for spending today while precious metals is what you need to be buying, stacking and SAVING TODAY for tomorrow. The clock is ticking and if you're not buying PM's NOW you're getting poorer!!!!!!!
It never gets discussed a a unit of exchange. Why is that
Aged well. 😎👍
What about Silver Krugerrands, are they a good investment?
of course they are
Yes they are...just like eagles and maples.
I’ve been stacking since 07’. I don’t regret it but it’s so manipulated it’s crazy! I wouldn’t be surprised one bit if in 5 years it’s still $23.67 per oz.
Always possible. But, we are $34 trillion in debt and gold is flying off the shelves to big companies, colleges and governments.
Been collecting since 1985 worst investment ever made!
@@oldcards65why’s that?
Much appreciated 🙏
I’m glad I have been stacking silver for 20 years
If you stacked BTC over the same period you would have enough to last 5 lifetimes.. silver remains useless as an investment
@@Muzzy0085 🤣 Ok... whatever you say. I'm still going to put my money in PMs instead of intangibles like ETFs and crypto. Silver is for saving and converting back into fiat for common purchases. Gold is for investing. BTC is nearly unobtainable now since it's drastically over valued and has an inflated price of purchase. So, why even talk about it if you can't readily buy it? Intangibles are also highly volatile and unpredictable. I don't like gambling with my future, but you can do as you please with yours.
BTC does you no good if the world goes to shit and you can"t input your token credentials to access your account. Even if you can access it, you're still asking the blockchain for permission to access your finances. You're too reliant on technology and too dismissive of simpler, analog stores of wealth. That could end up being your downfall, and I would advise against deliberately painting yourself into a corner. Crypto is not the hill you want to die on....unless you actually want to die if things go south. 😂
With physical metals, there's none of that worry, trouble, or the need to ask a blockchain server or entity for permission to access my funds. If I need something, I can simply determine an amount of silver to liquidate, drive or walk my happy ass to a coin shop, and convert it into monopoly money "credits" to buy what I need, or barter with the metal itself.
@@Muzzy0085 yeah so why didn’t you do that genius
@@Muzzy0085 It's easy to say that in hindsight.
@@thehausen5054 I did actually. Sadly I sold most of my BTC for profits over the years but still have 22 left from the 155 I accumulated . I'm just sorry that I thought it peaked years ago
One of best devaluations was done by the vicious emperor Nero. He devalued the silver content of the silver coins of the province of Egypt gaining tons of metal. Immediately the inhabitants of Egypt stacked the old coins from the Ptolemies to Tiberian and August mintage.Regards from Greece.
I just wanna know why tf I'm taxed when buying circulated 90% & 40% "junk" silver, and not on .999 or higher bullion???
Depending on where you are, you will be taxed on gold & silver.
I still have a Canadian Maple leaf ounce.I believe else that I bought for $350 in 1986. I carried around as a good luck piece.Nobody has a clue how much money I have in that pocket. People who have seen it over the years assume it's a hunk of junk.
Thanks for these great videos !
Thanks Robert for cutting the extras and getting straight to the point.
Charles nailed it at the end test bitcoin at your own risk.
Liquidity is driying up
Robert always has to coolest specs!
Thanks
Yes but what do you do with silver??
Wait for it to skyrocket.... coming soon...
Can be bartered....
It’s a store of value which can be used as money or investment. It’s out performed every other monetary system in the world for over 5000 years. The dollar isn’t even worth the paper it’s printed on and will fail as every fiat system has throughout history.
You can exchange your PM at your LCS
Just bought 5 ASEs and a 1/4 of gold. Lost it all in a boating accident, though. Fun while it lasted!
I feel like I'm reading this comment under every single precious metals video on youtube :)
Can they create silver and multiply it through creation?
Sir can you refer a company that was selling silver that can ship here in Philippines Cebu city . An American silver eagle sir..that will deliver even 1 piece order. Thank you
Silver will be the new gold.
Robert,
Do you know how the digital currency law will effect consumers buying gold and silver? Will consumers still be able after the Federal Reserves Central Banks take over total control over consumers bank accounts still be able to hold these precious metals themselves?
Great video Mr.kiyosaki.
Where do you buy gold and silver from.
your local coin store
Hello Robert ... "You look great! - Whatever you are doing is a positive younger look!! You look like you just came back after a great relaxing vacation!
Why everyone should own everythin - it makes you richer
Can you do an episode on the Gold Back paper money where the gold is embeded in the money?
If you are referring to goldbacks - My personal opinion would be to classify them as prismatic/collector. They are simply too expensive per/oz to replace silver as a fractional money.
Premium on gold backs is too high don’t buy them
My picks for next 3 months period are INJ and FIL. But also, guys do not miss Xeventy presale, is almost over.
BUY METALS PRECIOUS BEFORE CBDC BECAUSE AFTER CBDC YOU WILL NEVER BE ABLE TO BUY AGAIN
HISTORY
The FED just can't make up a new CBDC when it wants to especially so with coinage that just happens to be defined by the Federal Gov't as they do on all monetary issues. Congress gets to do that in this case, so until they do get around IF THEY GET AROUND TO DOING THAT there will be no CBDC for Americans.
@@chuxtuff YOU ARE 💯 WRONG
YOU DON'T UNDERSTAND THE CBDC MEANS REASONS
Ok. Thanks for my present, my dad
What silver coin is transferable
ASE accepted and recognized anywhere in the world.
The less that cheap oil that is consumed in favor or alternative sources, the more expensive things will get. Inflation is inevitable
Hello guys, anyone knows where one can get silver on a fair price in EU?
Goldavenue... In Switzerland
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?
Yes that's spelled gold and/or silver!! Maybe you listened to something else??
I know what you mean by bad advice on what you buy as well as the declining value of the dollar but also short term where the interest rate is heading. However short term in years depending on age timing is important. You could buy gold and lose up to half the value in years or shorter term. You need to save cash because you don't want to liquidate those coins during that time or want to buy something making money during that time instead like real estate and negotiate a lower interest rate both for a cheap price like few yrs crash of 08. It would be bad advice to say oh but gold instead of a house even with a down payment when property drops like that likely only happen once in a life time. Be careful what you listen to.
Gold won't go to half because the value in the dollar is never coming back.
Everytime Kyosaki talks the price goes down
Should I buy gold or silver?
silver
Coinbase listing comming soon fo Xeventy.
Save them for hard days, thanks
I know what you are saying. But. If there was a collapse who do you sell you're gold and silver to
If there's a collapse you don't sell it. You trade it for what you want/need.
You serious, Clark?
Fart 4 is absolutely no different than all three before this one. In fact, U know what I enjoyed the most from fart fore, from this questionable person! The commercials😂
Thanks, makasaki. I know beter then you know about money ser
So turning now to the Texas-Fed constitutional battle. What do you see as the next 3 chess moves on each side?
I don’t care about old coins, only the intrinsic value of silver that must have 99.9% for me.
We are heading for a serious crash and garbage paper money can be used for buttwipes or for heating…
Thank you Robert. Kind regards. (Dr Andries Maritz)
I got a question, I want to start investing in gold and silver, went to a dealer, and I asked him if I can travel with my gold to another state or US territory and he didn't know, cause I have a property and land in us no state but is us, do tsa can take away my gold at the airport? Even if I bought it in another state.
THE GOVERNMENT CAN CONFISCATE YOUR GOLD SILVER DOLLARS ANY TIME THEY WANT. THEY ARE MUCH BIGGER THAN YOU OR ME.
where Do I go to buy silver !!
robert kiyosaki sells silver
Coin shops, dealers, do a search for it and you see
There are several good places, APMEX, Monument Metals, Miles Franklin
I buy mine from SD Bullion
Those of you who buy online, do you have any problems with delivery? That pet has always worried me. I plan to use a physical local dealer that is reputable for that reason. Let me know how that works for you
Bitcoin has become a pain in the ass for gold and silver.. I believe the prices would be a lot higher of bitcoin wasn’t in the way…
The only thing that has more power than gold and silver is lead. Stock up, kings.
you cant print food or guns either. and you will need those just as much as your silver if the currency collapses
God money 🔥
My brother just had to have a penny he saw at his local coin shop. He bought it for $800. Ten years later he needed some money and took it back to same coin dealer. He was given $400 when he sold it back. 😮
Nice story; however, not the same.
Common story. My mother bought a "special" graded gold buffalo for $2700 years back. Worth maybe $23 today and gold is much higher now.
your brother bought it when the market was overvalued and per silver ounce were over 50$ at that time since the US economy was still recovering from Lehman brother crisis of 2008 but now it's correct time to buy silver since the dollar got stronger for some time and silver price is down when the global demand for silver is increasing day by day and supply is not meeting demand.
What is the best silver coin to buy?
Where and how to save them by nowadays world un security situation?? They're not safe even your safe box
Now that I have some, what shall I do with it? Same thing as 2008?!? Get ready.
Do you think it's a good time to consider selling some stocks, or is it better to hold onto them for the long term? I’m considering rebalancing my $2M portfolios, So I'm curious about the best strategies for potential market downturns
I guess it's important to reassess your investment strategies based on current market conditions. You should also consider a market expert to guide you.
You're right mate! I’ve been using a fin-market expert for two years now and I own a 7figure diversified portfolio from investing in stocks. Currently, my portfolio is worth over $900k.
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?.
Nicole Desiree Simon is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
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.
What’s a reasonable amount to purchase for an average guy. 55 k to 60k a year.
Robert Kiyosoki, Bill Holter say as much as you can...
As much as possible
What about in the SHTF... era how do you "Validate" the Authenticity of the Gold or Silver coins?
There are many devices
A Sigma Pro metals validator would be a good device to use to validate your medals.
That's metals...
WoW I guess your next statement to me in response to the comment that I'd make about the 1-2K cost of Said tester... Is... "It'll cost you more to have fakes.".. Thanks.. Folks .. @@ahayahshouse5344 @christianpolitano9837
Own some, clink them together, notice the sound, then get regular coins they sound different, they feel different, they look different. Best way is to own some.
I dont make that much money how can I buy silver coins or buillons?
Papers for wiping your arse on.
One of my major concerns….. Andy tells us metals to the moon!!! Then, why does he sell it? If I trust my advice I stand by my judgement. He doesn’t trust his money to the advice he pours upon us…
Dude the number one rule of investing in PM's is to never invest in something you don't understand. And it's pretty obvious you don't understand investing in PM's. So go ahead and buy your bitcoin and you can crow about being right later once and if that happens. Until then silence is golden especially if you're right...
My accounting professor who worked on Wall Street in the 80’s and 90’s told me to never listen to this guy. I’m bullish on silver but I take what he says with a grain of salt.
Silver + Gold going skyrocket now 2024-2025 100% 🚀 🚀🚀🙌🙌👍
You guys need to come up with some new material. Why don’t you all do a deep dive into who is suppressing the price of gold at 4 o’clock in the morning and who is really responsible for dumping tons of gold onto the open market almost every single morning.
you say you can not print gold and sliver yet the market is flooded with paper i owe you's that can never be delivered and continue to keep the prices lower . dont get me wrong i stack both but everything can. be compressed by the goverment
so...what's a suggested amount of silver to start with? And please don't say stuff like, whatever you can afford to buy, or just start with one...what are we talking $500 minimum?
the minimum is around $28.32
I started out with 100...now I'm at 1500ish
US dollar is very quickly getting inflated, I put as much of my weekly paycheck I can afford into silver and gold.
Correction: Why you SHOULD HAVE BEEN buying silver over the past ten years instead of trolling us that were.
So what happens to the 500 ounces of silver that was once contained in the now exploded Tomahawk missile?
If todays dimes and nickels are both comprised of 90% Cu and 10% Ni how can a dime be worth twice as much? Symbolic value? Or just a bad joke on us? Shouldn't we be stacking change?
❤ Ukraine love silver❤
Думал купить серебро. Но оно же не растет в цене ничегосеньки
Hii guys
Fifty years for silver to go from 20- 140. And it’s lower than that now. So…
Poor Dad is looking better these days
Because it was once worth more than BTC?
BTC doesn’t even exist without the grid, it’s digits on a screen with zero intrinsic value. JMO