Ep. 156
This excerpt from Robert Kiyosaki’s Rich Dad’s Advisors’ Guide to Investing in Gold and Silver argues that a massive wealth transfer is imminent due to government manipulation of fiat currency. The book uses historical examples, such as the fall of Athens and Rome, to illustrate recurring economic cycles and the resulting inflation. It emphasizes the importance of investing in gold and silver as a hedge against this predicted economic storm. The text also cautions against various investment pitfalls, like poorly-structured pools and commemorative coin scams. Finally, it stresses the importance of having a well-defined financial plan before investing in precious metals or any other asset.