"Why I Sold $1M in Gold for THIS" - Robert Kiyosaki's Playbook to Getting Richer

Summary

In this insightful conversation, Robert Kiyosaki, author of *Rich Dad Poor Dad*, discusses his investment philosophy, focusing on gold, silver, and Bitcoin. He clarifies his recent viral video, explaining that his commitment to these assets remains strong, despite selling some gold to leverage investments in real estate. Kiyosaki emphasizes the importance of financial education, especially in light of the U.S. government's fiscal policies and growing national debt. The interview also touches on Kiyosaki's political views, including his support for Donald Trump's strategic negotiation skills. Ultimately, Kiyosaki encourages viewers to take control of their financial futures by investing wisely in precious metals and cryptocurrencies.

Takeaways

• 😀 Robert Kiyosaki explains why he's still invested in gold, silver, and Bitcoin despite a viral video suggesting otherwise.
• 😀 Robert has a long history with gold and silver, having started saving them in his teens when he noticed the government was manipulating money.
• 😀 Kiyosaki emphasizes the importance of gold, silver, and Bitcoin as hedge investments against the incompetence of governments and rising inflation.
• 😀 Robert leverages his gold holdings using debt to purchase real estate, which generates passive income. He uses this income to reinvest in more gold.
• 😀 Despite his heavy investment in gold and silver, Robert still views Bitcoin as a key part of his diversified portfolio.
• 😀 Kiyosaki highlights that the U.S. government is printing money excessively, making investments in precious metals and Bitcoin increasingly important for wealth protection.
• 😀 Robert clarifies that he has not completely abandoned gold and silver, but leverages them for strategic investments like real estate to generate cash flow.
• 😀 There is skepticism about the U.S. economy due to national debt, overspending, and the lack of drastic government cuts in areas like military spending.
• 😀 Trump’s leadership style, including using strong negotiation tactics, has earned Robert’s admiration, but he still believes America’s fiscal issues are not being adequately addressed.
• 😀 Kiyosaki believes that unless drastic measures are taken to reduce national spending and debt, gold, silver, and Bitcoin remain essential assets for financial security.

Q & A

Why does Robert Kiyosaki continue to buy gold, silver, and Bitcoin?

Robert Kiyosaki continues to buy gold, silver, and Bitcoin because of his belief that they are stable assets in times of economic uncertainty. He highlights the growing national debt and government incompetence as reasons to trust in these assets instead of relying on fiat currency.

How does Robert Kiyosaki use debt to leverage his wealth?

Robert leverages his wealth by using gold as collateral to take on debt, which he then uses to purchase real estate. The income generated from the real estate investments allows him to buy more gold, creating a cycle of wealth generation.

What is the significance of the 1964 silver coin for Robert Kiyosaki?

The 1964 silver coin marks Robert's early realization of the value of precious metals. At age 17, he saw the change in coin composition and understood that the government was manipulating money, prompting him to start saving silver.

What does Robert mean by 'Gram's Law'?

Gram's Law, as referenced by Robert, states that when bad money enters a system, good money goes into hiding. This concept influenced Robert's decision to save silver and gold as a safeguard against inflation and currency manipulation.

Why does Robert store his gold outside the United States?

Robert stores his gold outside the U.S. to protect it from potential government confiscation. He refers to a past instance where the U.S. government confiscated gold, so he keeps his wealth beyond its reach for security.

How does Robert Kiyosaki view the current economic situation in America?

Robert believes the U.S. economy is in trouble due to excessive government spending and debt. He points out that the country is the largest debtor nation and is paying more in interest than for national defense, which he sees as unsustainable.

What are Robert Kiyosaki's thoughts on President Trump's leadership?

Robert views President Trump as a genius when it comes to negotiation and leveraging power. He admires Trump’s ability to make bold moves in business and politics, like threatening to take control of Greenland to improve the U.S.'s negotiating position.

How does Robert explain the connection between government spending and inflation?

Robert explains that the U.S. government’s continuous printing of money, such as a trillion dollars every 100 days, is the root cause of inflation. This policy devalues currency, making assets like gold, silver, and Bitcoin more appealing.

What is Robert's stance on Bitcoin in comparison to gold and silver?

While Robert is primarily focused on gold and silver, he also sees Bitcoin as a valuable asset, especially in times of inflation and currency debasement. He uses Bitcoin, along with gold and silver, as part of a diversified strategy for wealth preservation.

Why does Robert say that America’s economy needs drastic cuts?

Robert believes that without drastic cuts in government spending, particularly in defense and entitlements, the U.S. will continue to face economic turmoil. He suggests that the country is overspending and needs to take action to address its massive national debt.