Why the Rich Are Ditching Cash for Gold & Silver!

Summary

Rich Dad Radio Show: "Why the Rich Are Ditching Cash for Gold & Silver!"

Release Date: March 19, 2025
Host: Robert Kiyosaki
Guests: Jim Clark (Republic Monetary Exchange), Charles Goyette (Author of "Red, White, and Blue and Broke All Over")

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Introduction

In this compelling episode of the Rich Dad Radio Show, Robert Kiyosaki delves into the critical topic of monetary integrity, contrasting "real" money with "fake" money. Joined by seasoned experts Jim Clark and Charles Goyette, the discussion unpacks the historical transition from gold and silver-backed currencies to today's fiat money system, emphasizing the importance of tangible assets like gold and silver in safeguarding wealth.

The Reality of Fake Money vs. Real Money

Robert Kiyosaki opens the conversation by highlighting the prevalence of fake money in today's economy. He shares a personal anecdote from the 1960s to illustrate the public's lack of awareness regarding the authenticity of their currency.

• Notable Quote:
  Robert Kiyosaki [00:09]: "People don't know that our money is fake. And that's why Rich dad exists and all this."

Kiyosaki recounts an experience at Safeway, where he demonstrated the value of pre-1964 silver quarters to unsuspecting customers, revealing their ignorance about genuine precious metal coins.

Historical Context and the Shift to Fiat Money

Jim Clark provides a historical perspective, tracing the shift from the gold standard to fiat currency. He underscores the government's decision in the 1970s to decouple the dollar from gold, leading to unlimited money printing and the devaluation of the currency.

• Notable Quote:
  Jim Clark [05:07]: "It was no longer backed by anything. It was a Federal Reserve note, which is no more federal than Federal Express."

Charles Goyette adds to the narrative by referencing a National Geographic special that showcased how remote communities recognized and valued the global spot price of gold, contrasting it with the lack of understanding among the general public.

The Impact of Fiat Money on Wealth Preservation

The hosts discuss the detrimental effects of fiat money on personal wealth, emphasizing how inflation and continuous money printing erode purchasing power. Kiyosaki shares his strategy of accumulating gold and silver since the early 1970s as a hedge against economic instability.

• Notable Quote:
  Robert Kiyosaki [12:35]: "People are so desperate to money because this is fake. Yeah, it's terrible."

Jim Clark elaborates on the practical aspects of investing in precious metals, explaining the concept of spot price versus premium pricing. He highlights the importance of purity and authenticity in gold and silver investments, using advanced equipment to verify the quality of their products.

Challenges in the Precious Metals Market

The conversation touches on the scarcity and increasing difficulty in acquiring silver and gold, with Kiyosaki expressing concerns about market availability and the rising premiums attached to these metals.

• Notable Quote:
  Jim Clark [12:09]: "The spot is the price all across the world."

Charles Goyette warns against fraudulent practices in the market, advising listeners to be vigilant and only engage with reputable dealers to avoid counterfeit products.

Consequences of Abandoning Physical Currency

Kiyosaki and his guests discuss the broader implications of moving away from physical currency, drawing parallels to historical events where the abandonment of gold led to economic turmoil and loss of purchasing power, such as in Weimar Germany and contemporary Venezuela.

• Notable Quote:
  Robert Kiyosaki [22:09]: "Fake money brought Hitler to power, the Weimar Republic and the Reichsmark and all this."

Strategies for Wealth Protection

The episode concludes with actionable advice for listeners on protecting their wealth through tangible assets. Kiyosaki emphasizes the importance of understanding the difference between real and fake money and advocates for investing in gold and silver as reliable stores of value.

• Notable Quote:
  Robert Kiyosaki [29:33]: "The dollar's not going to be there, first of all. And the pensions are gone too, but gold will be there forever."

Conclusion

Robert Kiyosaki, alongside Jim Clark and Charles Goyette, provides a thorough analysis of the current monetary system's vulnerabilities and offers a compelling case for investing in precious metals. By distinguishing between real and fake money, the trio underscores the necessity of informed financial decisions to preserve and grow personal wealth amidst economic uncertainties.

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Key Takeaways:

1. Understanding Monetary Systems: Recognizing the difference between gold/silver-backed currencies and fiat money is crucial for financial literacy and wealth preservation.
2. Historical Lessons: Studying past economic shifts highlights the long-term consequences of abandoning tangible assets like gold.
3. Investment in Precious Metals: Gold and silver serve as reliable hedges against inflation and currency devaluation, providing financial security in unstable economies.
4. Vigilance Against Fraud: Ensuring the purity and authenticity of precious metal investments is essential to avoid counterfeit products and maximize investment value.
5. Actionable Strategies: Proactive measures, such as accumulating real money through gold and silver, can safeguard personal savings against the erosion caused by fiat money systems.

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By dissecting the intricate relationships between monetary policy, historical precedents, and personal investment strategies, this episode equips listeners with the knowledge to make informed decisions about their financial futures.

Transcript

[Robert Kiyosaki]

This is the Rich Dad Radio Show. The good news and bad news about money. Here's Robert Kiyosaki.

Hello, hello, Hello. Robert Kiyosaki, the Rich Dad Radio Show. The good news and bad news about this year. This is cash and this trash. So today we're going to be talking about the hottest subject on the market today. And it's not real estate. What it is here is, this is gold, and this is silver. And of course, there's bitcoin. So those are the three things. And the reason that the hottest subjects on the earth right now is because our money is fake. So this is one of my favorite books here. Fake. I'll tell you a quick story before we get into why gold, silver and bitcoin is that I was at Safeway and this. I'm kind of a guru at the salad counter at Safeway. And all the women were coming up to me going, hey, what should we invest in? What should we invest in? And I just happened to have in my pocket here, this is a pre 64 US quarter, and it was given to me by my friend Daniel Samuelson of He's in Austin, Texas. He's American. American Gold Exchange in Austin, Texas. Dana Samuelson. So he knows I'm a silver nut. So this is a pre 64. And pre 64 means it's silver. After 64, it became fake money. It became this here. So I held this up here to the ladies. They wanted the hottest tip. I said, buy this here. They went, a quarter. I can afford a quarter. I said, yeah, but I'll charge you $3 for it. And you should have seen their brains. You know, the salad was flying all over the place. Would you be $3? I said, okay, I'll tell you what, $2. They were screaming. Not screaming, but just, why would I pay you $2 for a quarter? And I said, but this is pre 64. They just could not figure it out. Now, that's the lesson of today, is that people don't know that our money is fake. And that's why Rich dad exists and all this. But the sad thing about it is that AARP turned on my article because I wrote a story of my mother. I save real quarters because When I was 17 years old in 64, I saw the quarter go to copper. You know, it was fake. It was an alloy. So I started collecting dimes and then quarters and half dollars. I had this big bag of real silver, and my mother says, what are you doing? I said, this is real money. So this is 64, 65 I go to school in New York. 66. I come home, my mother spent it all. And so I wrote the story for aarp. They turned it down. I said, the lesson is poor people are poor because they don't know fake money. They don't know the difference between real money and fake money. So this is a very important lesson here. I have some. Two friends here for years. And like I said, Dana Samuelson of American Gold Exchange in Austin, Texas, this is a special category of silver is called numismatic. And numismatic means collectible and antique. And the reason I respect Dana is because he was head of the American Numismatics. So I don't buy numismatics. I don't buy collectible coins. I buy real gold, silver. But if I want numismatic, you know, like an antique Dodge or something, whatever this, I want an antique coin. I see, Dana, because there's a lot of fakes out there, a lot of fake coins. So you gotta be very careful today. But like I said, this is the hottest subject off. I have two great friends here. So, Jim, and this is Charles Goyet. Here's. This is his book here. Red and Blue and Broke All Over. And, you know. So, Jim, how long have you been in this business of gold?

[Jim Clark]

50 years.

[Robert Kiyosaki]

50 years ago. Our time is coming on this one, isn't it?

[Jim Clark]

Well, I thought it was coming in 1973 when I got into business, and it was just a year and a half or so after Nixon had removed the gold. And, yeah, this we gotta. Went off the gold standardies.

[Robert Kiyosaki]

The dollar was backed by this here. This is real gold. So in 781, this was pulled out too, Right?

[Jim Clark]

Right.

[Robert Kiyosaki]

You could just print as much as you like.

[Jim Clark]

It was no longer backed by anything. It was a Federal Reserve note, which is no more federal than Federal Express. And we were required to take that as money whether we liked it or not.

[Robert Kiyosaki]

Right? Right. Another thing, too. I was In Vietnam in 71, I was on my way over. 72, I was there in 73, I returned. I bought my first gold coin. It was a South African Krugerrand. And the Vietnamese woman Gold was $35 for years. And then in 71, it floated to about 50, let's say. And so I thought, well, I'll go talk to her. She was behind enemy lines. I flew a helicopter in there, tried to negotiate with her. Look, I'll give you 40 of these for one of these. And she's going, spot I go, let me say it again. 40 of these for one of these. She goes Spot. I said, what the hell is she talking about? Well, she was saying spot that day was 50. Now all of a sudden here I'm a college graduate, you know, hopefully with my other college graduate, two pilots standing there going, we don't know shit about money, do we? You know, so spot me on that day, it was 50 bucks and I thought because she was behind enemy lines, I could get it for 40. No such deal. Gold is gold, Spot is spot. Silver is silver. This is real money. So, Mr. Goyet, Charles, why did you write this? Tell us about your background. Why did you write this book here?

[Charles Goyette]

Well, one thing is Jim and I were in the business together a very long time ago that he was talking about. But you just reminded me about Spot. I remember seeing a National Geographic special, this is back in the 70s, and they went to these guys, these kind of like third worlders in the Amazon rainforest, way deep in the jungle. And these people didn't have any clothes, didn't have any electricity, didn't have. But they were panning for gold there. And the camera crew came up and tried to buy their gold. And they knew what the London Goldfix was that day. They totally knew what the world price of gold was. Spot price of gold because it's international, it's all over the world. And it's a real price for real money, isn't it?

[Robert Kiyosaki]

Sad thing about it is, I think Americans are the least that know about money.

[Charles Goyette]

Yeah.

[Robert Kiyosaki]

Because we are the Federal Reserve. Note. I'll tell you one last time, I was in Peru, I bought a gold mine in Peru. And there was these holes going on, you know, there's no, there's no rain. There's this barren hills, you know, mountains, the Andes. And I see these little holes up there, I go, what the hell's that? You know? And my little Inca God says, we've been drilling oil here for thousands of years. Asshole. I said, I'm not the first guy up here. No, you're not the first guy up here. My great, great, great, great, great great grandfather's been yanking this stuff out for years.

[Charles Goyette]

Yeah.

[Robert Kiyosaki]

And that's when Pizarro came to Peru and killed them all. Took their gold, stole their gold. Yeah, right. And so that's where the Spanish became the empire of the time. Someone from Spain, England, America. America's gone now. So that's what we're here to talk about today is. And we're old enough, the three of us, to understand that this here is real and this here is fake. But the most people would rather have this. This is the problem, Robert.

[Charles Goyette]

I saw one of those YouTube videos where the guy's on the boardwalk in Santa Monica. It's kind of like jaywalking, you know, like, what's the name of the moon? The moon. But he asked. He's walking around with a chocolate and a silver coin, and he says to the people, he said, would you rather have this chocolate bar? Or I think it was a silver bar.

[Jim Clark]

A silver bar. It was Mark dice.

[Charles Goyette]

Yeah. And the people go, no, I'll take that chocolate bar. So, you know, a $2 chocolate bar.

[Jim Clark]

You know, or it's a 10 ounce silver bar.

[Charles Goyette]

A 10 ounce silver bar, $300 worth.

[Jim Clark]

Of silver, and they'd rather have the chocolate bar than the silver bar?

[Charles Goyette]

No, better. It's jaywalking America.

[Robert Kiyosaki]

Yeah. And I'll say this again. It's the most important lesson. Poor people don't know the difference between real money and fake money. And that is what it comes down to. So it was in 71. This used to be a silver certificate. Now it's the Federal Reserve iou. It used to be backed by gold up to. No, this was 64. Excuse me. It was silver. And then in 71, Nixon took the gold out of it. Johnson took this out of the silver certificate.

[Jim Clark]

Yeah, I remember I was telling you that story the other night. My. I remember in 1964, where we're sitting around the TV, Johnson came on and said, silver has become too valuable to be used as money. And just as I'm sitting here, my dad said that son of a. They're going to take the silver out and they're going to leave us this garbage coins. And he didn't really understand it, but he got it. And from that point on, he saved silver coins story had about $8,000 worth by the time he cashed him in in 1980.

[Robert Kiyosaki]

Yeah. And I was in South Carolina where I have a home, and this guy said that his father ran the theater and his father said, they're just yanking out all the silver coins. The lesson again is poor people don't know there's real money and fake money. And that's why enriched poor daddy said the rich don't work for money because it's fake. So, you know, the reason I like to have Jim here and Charles is because this stuff is getting harder to find right now. And I was panicking because I deal with a lot of guys who have gold and silver. And so I called my friends, we cannot get silver. I went, what? This is about what, seven, eight months ago? They couldn't get silver. So you guys are Republic Monetary Exchange? Yeah, yeah, on Camelback. And I called these guys, said, we got plenty.

[Charles Goyette]

Jim has been very, very good over the years at making sure that the inventories are high. You know, he could see when these runs are starting and stuff, and the premiums are starting to go up and stuff. And he's always put his clients first. You know, he makes sure, okay, we're going to commit a lot of capital to make sure that our clients can come in the door and get their gold and silver. You know, the worst thing in the world is these companies that say, well, give us your money now, and then, you know, we're going to deliver your gold or we'll send you your silver in six months or something.

[Robert Kiyosaki]

Don't do that.

[Charles Goyette]

Don't do that. So Jim's just really created a name for himself in his ability to always deliver to his clients.

[Jim Clark]

Well, I've always stayed ahead of the curve that you can anticipate needs after 50 years in the business.

[Robert Kiyosaki]

Well, not everybody can. Because I was panicking. I was going, you know, because. Explain the difference. Okay, well, step back. You have the spot price. So let's say Today the spot's 20 bucks. There's a premium on top of this coin or this coin, should I say, what does the spot and the premium.

[Jim Clark]

Mean on that particular coin? It's typically between four and five dollars an ounce over the spot price.

[Robert Kiyosaki]

The spot is the price all across the world.

[Jim Clark]

Right. And then all of the products and coins and bars and so forth, they will be priced accordingly to demand based on the availability, the demand, the cost of refining and putting them in the coins and shipping and distributor markup, dealer markup, our mark. So there's always a premium that you pay to get the finished product.

[Robert Kiyosaki]

That's like the tip at the end of the dinner. I was watching.

[Jim Clark]

It was worse than that.

[Robert Kiyosaki]

Yeah. I was watching Fox News this morning, Fox Business, and they were bitching about how she went. Where did she go? She went, oh, she went to the dry cleaners, and she charged her. Put it on a credit card for her dry cleaning. It's a tip, 20%. She goes, why do I have to tip you for my dry cleaner? People are so desperate to money because this is fake. Yeah, it's terrible.

[Jim Clark]

Well, and because they can print it so much that the value is dropping every day, they print up billions every day. Or they've got to create something through a keystroke entry that means all the rest of those Federal Reserve notes out There become worth just that much less every day.

[Robert Kiyosaki]

Yeah, this is trash. So I'll say it again. The difference between rich people and poor people, rich people know the difference between this and this. And so the Republic monetary exchange. There's a lot of people out there. Dana Samuelson, my friend, is my expert in numismatic and I was impressed because you guys had inventory. Motherfucker. Jerry Williams was out. And I said, what the hell? This is a while ago. What the hell's going on? It was running. So it must mean people are there's something going on because people would rather have this than this now. Except for the ladies at Safeway, but they know now. I don't know. It fried their brains. Why would I give you two dollars for that? And I said, that's the riddle of the day, ladies. They're laughing. We had a great time, you know, but it fried their brains. I said, what? And I said, I have a book here for you. It's called fake. And this whole system is fake right now. So we come back, we go going more into how people lie, cheat and steal. Because, you know, anytime there's money, there's liar and cheater and stealer around there. And I say to I've been saying this for years. This is God's money. This is fake money. I like bitcoin. I call it people's money. Now. I don't know much about bitcoin, but I'm just glad I bought it at six. That's all I know right now. So we come back, we're going more how you can know real money from fake money. Some of the other advantages of right now, I've been saying this for years. I used to work for lira, still have lira Capital ads. I said, buy silver. And the reason is everybody can afford this. Everybody in the world can afford 30 bucks, but they'd rather have this. And that's today's rich dad lesson. We'll be right back.

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[Robert Kiyosaki]

Welcome back. Robert Kiyosaki, the Rich dad Radio Show. The good news about bad news about fake money. And again, we're talking about this stuff is fake and this is real money. We have friends. Dear friends is Jim Clark from Republic Monetary here in Phoenix, Arizona. And Charles Goyette. He's a book. He's his book. Red, white and blue and purple all over. And we were going broke. And so you guys have been in the business for a while. I've been in the business. 72. My first gold coin. I still have that gold coin.

[Charles Goyette]

Wow.

[Robert Kiyosaki]

It's not stored in America though. It's stored someplace else.

[Charles Goyette]

Where is that?

[Robert Kiyosaki]

Oh, you don't have to. I'm going to open my blabber mouth on tv. That's like my attorney stands in front of this crowd. He says, yeah, I have a lot of gold. I keep it at home. I said, well, why don't you just tell everybody? Why don't just give them your address too? You know, attorneys aren't the brightest guys.

[Jim Clark]

Well, I have strangers that will ask me now where Should I store this? I don't know and I don't care.

[Robert Kiyosaki]

Well, don't tell me, don't tell me. Did you know? Well, so Jed, tell, tell us about what you have right here. You have silver and you have gold.

[Jim Clark]

So I have a kilogram of silver which is 32.15 ounces. And then I have a 10 ounce gold bar. And of course when you see something that big, how do I know that's real? So we have a device, it's a spectrometer that we can put that X rays the bar. And I've got it all set up. So what I'm going to do is I'm going to point the device at the silver and I'm going to get a reading, put it on there, maybe four or five seconds, it will read right into the bar, it'll come back. And if you can pick that up right on the screen it says ag which is the chemical sign for silver. 99.99% pure. You know that this bar is absolute.

[Robert Kiyosaki]

Thing as fake silver. Long ago they caught some.

[Jim Clark]

There were some companies years ago that were making silver and gold and it wasn't coming out exactly pure. And what happens then is if we find that, we just throw it in the melting pot and then bring it up to pure. Because you don't want to sell a bar that's 94, 95% pure. So it's out there. Which is why we spent $20,000 on this piece of equipment that we can find a counterfeit bar. If it's not pure gold, we know right then. And this has paid for itself many times over. Because so many times somebody will come in and say, well, hey, I've got this big BL block of gold and I want to sell it. Okay, let's have a look at it. You go through it, it's pyrite or it's copper or zinc.

[Robert Kiyosaki]

Was selling in the New York bank. He says they found some fake silver. You know, so, well, the bigger the.

[Jim Clark]

Bar, the better chance that there is. So I'm gonna do the same thing with this gold just because that's really the valuable. And a $20,000 piece of metal, you want to make sure that it's what it's supposed to be. Same thing we come up Au gold, 99.99% pure, which is exactly what it's supposed to be.

[Robert Kiyosaki]

What would this cost me if I walked into your place? Republic Monetary Exchange on Camelback Road in Scottsdale, I mean Phoenix, Arizona. What would that cost me?

[Jim Clark]

Just this. Just over $900 for that? Yeah.

[Robert Kiyosaki]

My God. And how much is this thing here?

[Jim Clark]

That's going to be around two thou, over 2,000. 22,000. 50 or more.

[Robert Kiyosaki]

You get the, you know, this is 2,000 for. This is a goal. What is eagle? American gold eagle. And that's 900, right?

[Jim Clark]

That's kilogram of silver. This is going to be close to $20,000 for this gold. What is that, 10 ounces of gold?

[Charles Goyette]

That feels like real money, doesn't it, Robert?

[Robert Kiyosaki]

Can I trade you this for this?

[Jim Clark]

Go get 20,000 more of those.

[Robert Kiyosaki]

You're a little.

[Jim Clark]

Actually, you know, on that subject, we were talking about this the other night, Robert, about cash for gold. I'm one of the few people who absolutely despise cash for buying gold. And you'd think just the opposite, that I couldn't wait to get cash. But banks don't want it. Try and deposit 20 or $50,000 in cash, they'll turn you away and say, well, we got to do this, that and the other, and we've got to file this form and we've got to do that. Hey, I would rather have a bank wire than cash anytime.

[Charles Goyette]

You know, Jim's story really illustrates something.

[Robert Kiyosaki]

He doesn't want cash. And I thought the reason is because it might be dirty or it's hot money or whatever it is, it's just a pain in the butt.

[Jim Clark]

Well, it's that. But you know what else I'm thinking down the road, let's say I acquire a million or $2 million in cash that the banks don't want to take. When this currency is repudiated, I'm going to be stuck just like the people in Germany were twice in the 20th century that they were hauling wheelbarrows full of Deutschmarks for a basket of groceries.

[Robert Kiyosaki]

And fake money brought Hitler to power, the Weimar Republic and the Reichsmark and all this. Every time there's fake money, tyrants rise up because people know something is wrong.

[Charles Goyette]

Yep. So here we go in this country.

[Robert Kiyosaki]

Right?

[Charles Goyette]

You know, but Jim's attitude now about cash really illustrates that the government, the deep state, has won this war without legislation, without public debate. They have won the war against cash. You know, they've been at war at cash because it's anonymous. They don't track you, they can't follow you when you use cash. And they've won the war. And so the only alternative people have to be to be off the grid, not to be tracked, not to be surveilled. Gold and silver. That's it? That's all.

[Robert Kiyosaki]

So once Again, this is 1964. 1964, I was 17 years old, and I started looking at the thing like this. It was copper. The Romans did the same thing way back in the end of their empire. So what were they doing when they put copper in this thing? The law called Gresham's law. What does Gresham's law mean?

[Jim Clark]

Bad money drives good money out of circulation.

[Robert Kiyosaki]

So this money went into hiding. So I had bags of it. I used to go caddy, take my dollars, go to the bank and pull out all the real stuff and hide the real stuff. I didn't know what I was doing. I was 17 years old. I wasn't the brightest kid on the block, but I just knew this was fake. I mean, this was fake. Now and then I come back from school a year later, my mother spent it. So the lesson is that was a powerful lesson. AARP turned it down and says, you're cruel to your mom. And I went, so, okay. I said, anyway, is poor people don't know real money from fake money. So what happened in 71? This became debt. So I'm in our company at Rich dad, we encourage people to use debt. You know, this is my other friend here. He's a financial planner who doesn't recommend the 401k. John McGregor says the top 10 reasons why the rich go broke. And one of the reasons they go broke is they don't have a plan for their money, but they have no idea what money is.

[Jim Clark]

Well, and I've talked to people all the time that are multimillionaires. They sold their business. They did this, that, and the other, and it came into all this cash. It's sitting in the bank. And he said, well, you think I should buy some gold with some of this? I said, well, you know what they're doing the dollar, you know that they keep printing them. They can't print gold. Now you tell me how much you can afford to lose of all that money sitting in the bank. And I would say, leave that there and get the rest of it in gold. It's a bigger risk having paper money. It's a guaranteed loss, and eventually these are going to be worthless. And we're in the 51st year of Fiat money. When Nixon closed the gold window. A currency has never lasted more than 50 years until now. And we're in year 51. So are we any different? Look what they've done in Venezuela. They were one of the richest countries in South America and actually the western hemisphere. Look what they've done to Argentina. Look what they've done in Cuba. Look what they've done in Mexico. Same exact economic principles that they broke there. We're doing the same thing here.

[Charles Goyette]

Somebody asked me once, Charles, how many paper currencies have gone broke, have gone worthless over time? And the answer is all of them.

[Robert Kiyosaki]

All of them.

[Charles Goyette]

And the ones that people still hold are only on their way. They just haven't arrived at their final destination yet.

[Robert Kiyosaki]

It's like I said, I'm 17 years old in 1964 going, something's wrong here. That's Gresham's law. And I think that's one of the reasons I'm a rich person, is I know real from fake. And then. So when Nixon took the dollar off the gold standard in 71, I didn't really know what that meant. But the first course I was in Vietnam. In 73, I came back 74. They made this legal, remember that? It was illegal, so I had to smuggle that damn crew. I was in Hong Kong.

[Jim Clark]

It was in 74, yeah, because it was illegal to own in bullion form.

[Robert Kiyosaki]

73. I brought it in.

[Charles Goyette]

It was a felony. It was a felony. They could put you in prison for 10 years and charge you $10,000 fine. They made it a felony for Americans free people to own monetary gold and silver, or gold anyway, it was a felony. Was it dangerous? Was it going to blow up? Was it nuclear contamination? Was it kill your neighbors with poison? What was wrong? Well, of course, you know, the answer is always the same answer. The government grabs all the gold because it wants it for itself. So you can't be allowed to have any. It's exactly what they did.

[Jim Clark]

At that time, there were two very good senators, Steve Sims and Jesse Helms, who introduced the idea of Americans owning gold because foreigners could own gold and Americans couldn't. And if there's anything to be said good about Gerald Ford, it was that he signed the bill after it passed through both houses to make gold legal to own. Now, unfortunately, at the time, gold was around $200 an ounce. And over the next year and a half or so, it dropped to a hundred. So a lot of the curiosity of owning gold disappeared. But fast forward to the Jimmy Carter days. 1976, gold went to 100, and by the end of Carter's term, it was $8.50. And silver went from about $3 an ounce to $50 an ounce in that four year period.

[Robert Kiyosaki]

So during Carter's term, this was $8.50. What is this today?

[Jim Clark]

2,050.

[Robert Kiyosaki]

So why would you save this trash? That's what I'm saying here.

[Charles Goyette]

It's fake. How about that? To sum it up, that's fake.

[Jim Clark]

It's a trick.

[Robert Kiyosaki]

Other thing I want to say because I'm a history buff, that's about the only subject I did well in school. The reason he doesn't like the 401k is in 1974, when Ford took us, put us back on, we could own gold. Then they put us onto 401k, ERISA, and today this is the biggest reason you want to own gold, because our pensions, you know, as we keep raising interest rates, our 401ks are going down. But not only this is my, my book wrote to Ed Siedel, is our pensions are broke. So it's the firefighters, police officers, school teachers, their pensions are gone. So the Fed's gonna have to print. That's my, that's my whole summation.

[Jim Clark]

Well, and what's, what's crazy about it too, is that you get your statement online every month and it says, oh my God, Look, I have $500,000 in my pension plan. Boy, that's going to last me until the year 2050. It's not going to. The dollar's not going to be there, first of all. And the pensions are gone too, but gold will be there forever.

[Robert Kiyosaki]

This is God's money. I mean, we used to have money for about 5,000 years, but God put it here on Earth. And that's when I was in the Andes with my old Inca friend. I said, geez, those holes. He says, yeah, we've been digging for a longer than you have, you know, And I was in Mongolia, same thing. There's a place called the Checkerboard, but they call it Checkerboard because the Mongolians, this is thousands of years ago, were digging for gold. Now, they didn't have Internet, they didn't have iPhones, and all this stuff. Humans intuitively knew to look for gold. That's what blew me away. Well, two last things. Okay. There's a thing called distribution and accumulation. Price of gold, silver is low, and silver and gold, oil. I'm accumulating. I've been accumulating since 72. I own more gold than most people. Most of the gurus on tv, I own gold mines, silver mines, because I believe in this stuff, because this is God's money. This is fake money. Thank you, gentlemen.

[Jim Clark]

Thank you, sir.

[Charles Goyette]

Thank you, Robert.

[Jim Clark]

Pleasure to be here.

[Robert Kiyosaki]

Donald Trump returned to office and Republicans take control of the House and Senate. It's huge. News. But the challenges we face as a nation are still here. In four years of chaos, the dollar has lost value. Inflation run rapid, interest rates through the roof, and wars rage across the globe. Trump has inherited an economy that's a total mess and the burden to rebuild is huge. This isn't going to get fixed overnight. Especially with the ongoing assault to the dollar from BRICS nations and our growing national debt. Your savings are still vulnerable. Gambling with your wealth is not an option. If we've learned anything is that we need to take action and protect what we've worked so hard to earn. That's why we partnered with Allegiance Gold, a company we trust to help you protect your financial future. Gold and silver are time tested ways to hedge against economic chaos. They're not just investments, they're peace of mind for your wealth. When you start your investment with Allegiance Gold today, you'll get free silver as part of their exclusive offer. Just mention Robert sent you and they'll take care of you. Don't sit on the sidelines. Act today. Secure your wealth. Go to protectwithrobert.com or call 8443-ROBERT. That's 844-376-2378. Let them help you get started. For techwithrobert.com.

Welcome back Robert Kiyosaki, the Rich dad radio show. Thanks to Jim Clark of Republic Monetary Exchange. RME and Charles Goyette. Republic Monetary Exchange because this is the hottest subject of all today. It's silver and gold. Because this is fake. And if you have friends and family who are still hoarding this stuff here, haven't listened to this program and discuss it with them because they're like, you know, I'm now called the salad bar guru. And I thought it was hysterical, but it fried their brains, you know, I mean, what's the difference between this and this? One's fake, one's real. I bought considerable amounts from Dana in Austin, Texas, and he traded out my gold eagles for regular gold. And I said, why? He goes, I don't know. But he says, you just made a lot of money. So I got like, Instead of having 10 ounces of gold, I now had 15 ounces of gold. But just because one went from Eagles to something else. All I want is the ounce of gold. And as long as it's pure, I don't really care. But some people do, right? Final words, Mr. Goyat.

[Charles Goyette]

Hey, thanks for having us on again, Robert.

[Robert Kiyosaki]

This is your book here, Plug the book.

[Charles Goyette]

And it's about red and blue and broke all over and how the country is broke all over. And the exact story you've been trying to explain to people for a very long time. And now here we are.

[Jim Clark]

Another thing we do, I send out a newsletter every week, the blog, basically, that gives a synopsis of what's going on the past week and maybe what we're seeing down the road, and just keeping clients and prospects informed of how we see the market. And I encourage people to go to our website, rmegold.com and you can sign up for the newsletter. There's no charge. We email it out every Sunday afternoon or Monday morning whenever we put the finishing touches on. And I would encourage people to sign up for [e-mail] so thank you very.

[Robert Kiyosaki]

Much, gentlemen, and thank you all for listening to the Rich Dad Radio. So remember, this is fake and this is real. This podcast is a presentation of Rich Dad Media Network.