Robert Kiyosaki Recommends Gold Storage At HAA
I gained new-found respect for Robert Kiyosaki and his beautiful wife Kim when we had a chance to meet them in Cancun at Simon Black’s event this past Spring; and now that we learned he is recommending The Hard Assets Alliance as the go-to vendor to buy and store Gold we can only increase our respect for him!
While he was, of course, promoting his own brand and new book in Cancun his session was not only entertaining but very informative, so much so that it even caused me (and I’ve been told I’m kind of hard-headed) to re-evaluate my thoughts about the U.S. education system.
No, I don’t think more highly of government schools now, but I do have more clarity on why exactly our high school graduates are so ill prepared for real life.
Focus On Financial Education
First off, no I am NOT drinking any Kiyosaki Kool-Aid!
I am well aware of what his detractors say about his book and how he got his big kick start from certain MLM organizations.
What I was not aware of was how Robert & Kim have spent so much of their life simply trying to educate anyone who would listen of the subject of money and finance. Most school children get only a bare minimum of education about money, and basically none about how money works (or how to get more other than ‘go to college and get a better J.O.B.’).
There are lots of consequences to this shortcoming, all bad:
- People do not know the difference between money and currency, leaving them to suffer the effects of long term erosion in their savings and a meager or worse retirement
- Because of the above, only a very small portion of the population are wise enough to allocate a portion of their wealth to real money in the form of Gold and Silver (can you imagine the jump in price if just a few percent of Americans would suddenly wake up to this – probably via a financial crisis?)
- Most Americans mistakenly feel that their home is their biggest asset. The Kiyosaki’s demonstrate how your home is not an asset at all but instead a liability! I admit, I personally had never thought that through until reading Rich Dad, Poor Dad
Real Estate or Gold?
No, Robert has not given up on Real Estate in favor of Gold. I rather think that he properly sees Real Estate working in tangent with Gold to protect one’s wealth.
I am sure he will clearly make a distinction, though, that his lifestyle is fueled by Real Estate with tax sheltered cash flow; that’s how you pay your bills, after all.
Gold is a wealth protector and is far easier to buy and store in various locations, likely one of the aspects of The Hard Assets Alliance that he would like. With HAA it’s easy to buy and store Gold in 3 different continents; doing that with Real Estate or even fine art is much more difficult!
Location, Location, Location!
Just as with Real Estate, location is everything when it comes to storing Gold.
Yes, you may want to keep *some* close at hand, maybe even at home in a good safe. Yet Simon Black has been providing solid evidence for years now why you should look at jurisdictional diversification with your Gold storage.
Getting your Gold out of the convenient reach of your government (no matter what your citizenship or residency is) will always be a good idea. With Hard Assets Alliance (check with your own tax advisor!) we have been told that storing Gold offshore is not reportable since HAA is a U.S. company.
Currently there are six vault locations (each of which is secure, insured and – unlike Ft. Knox – audited!) in five countries on four continents:
- North America: U.S. (New York, Salt Lake City)
- Europe: UK (London), Switzerland (Zurich)
- Australia: Sydney
- Asia: Singapore
Is your wealth at risk?
If so, the good news is that the problem is easily fixable and at the time of this writing the prices of Gold and Silver are at an incredible discount.