Robert Kiyosaki Touts Gold and Silver as Wealth Preservation on 'Live from the Vault'

Robert Kiyosaki discussed the importance of preserving wealth through gold and silver on "Live from the Vault," criticizing fiat currency and promoting alternative assets. He praised the Kinesis ecosystem as a "game-changer" and warned about the potential crash of the US dollar.

author-image
Aqsa Younas Rana
New Update
Robert Kiyosaki Touts Gold and Silver as Wealth Preservation on 'Live from the Vault'

Robert Kiyosaki Touts Gold and Silver as Wealth Preservation on 'Live from the Vault'

Robert Kiyosaki, renowned businessman and author of the best-selling book "Rich Dad Poor Dad," recently joined Andrew Maguire on the precious metals commentary show "Live from the Vault" to discuss the importance of preserving wealth through gold and silver. Kiyosaki emphasized that everyday people are conditioned to spend and save in centralized bank-issued fiat currency, which he refers to as "paper money."

Why this matters: The shift towards alternative assets like gold and silver has significant implications for the global economy and individual investors, as it challenges the dominance of fiat currencies and central banks. As more people seek to preserve their wealth, it could lead to a seismic shift in the way we think about money and value.

During the conversation, Kiyosaki criticized fiat currency, stating, "My mom and dad had no idea... The everyday person can't necessarily see the difference between real money and fake money." He explained that people have been programmed to take paper assets instead of hard assets like gold and silver, violating Gresham's law. Kiyosaki warned that paper assets like dollars, pounds, or yen are subject to large-scale currency devaluation due to central bank money printing.

Kiyosaki contrasted saving in fiat and paper assets with the ownership of hard assets like real estate and precious metals. "I save gold and silver, I don't save dollars," he stated. The author also highlighted the growing division between the East and the West, with Eastern nations like Russia and China accumulating gold to create a currency backed by the precious metal.

The conversation concluded with an evaluation of the Kinesis ecosystem, a sustainable and fair monetary alternative that allows users to allocate their portfolios between gold and silver, spend on a debit card, and earn yields. Kiyosaki praised Kinesis as a "game-changer" and "the evolution of money."

The episode of "Live from the Vault" featuring Robert Kiyosaki aired on May 10, 2024. Key discussion points included the changing global economy, massive ongoing Indian and Chinese silver demand, the sound money movement, and the Kinesis ecosystem as the evolution of money. Kiyosaki's warnings about the potential crash of the US dollar and his recommendations to invest in alternative assets like gold, silver, and Bitcoin have intensified in recent years as he believes a financial crisis has already started.

Key Takeaways

  • Robert Kiyosaki warns against fiat currency, advocating for gold and silver as real money.
  • Fiat currency is subject to devaluation due to central bank money printing.
  • Kiyosaki saves gold and silver, not dollars, to preserve wealth.
  • Eastern nations like Russia and China are accumulating gold to back their currencies.
  • Kiyosaki praises Kinesis ecosystem as a "game-changer" and "evolution of money."