“I Don’t Store Gold & Silver in the Banks”
Working in real estate and having so many friends and associates so involved in finance I get a lot of comments about Robert Kiyosaki storing Gold or criticizing the Federal Reserve.
Robert is not only the well respected author of “Rich Dad, Poor Dad” and an upcoming book co-written with James Rickards but also a real estate millionaire with a great deal of real world experience.
So this guy knows a thing or two about credit, interest rates and central banking.
In this video with Kitco he actually comes out and states “the Fed is the problem”. He says they’ve not only torn apart the entire financial system but are actually a criminal operation as far as he’s concerned.
Yet, there really is nothing you, I or even Robert Kiyosaki can do about the Fed… it’s here to stay.
What we can do, however, is buy Gold (and Silver), store it outside the banking system and use “God’s money” as he calls it to protect our wealth for ourselves and our descendants.
The Federal Reserve has a lousy track record of maintaining their “mandate” despite all of the hundreds or even thousands of economists at their disposal.
They are wrong 9 out of 10 times and the Fed is nothing more than a “lagging indicator”, likely telling you what you’ve already figured out on your own.
These elitists are pretty much never right about anything, behind the curve of the economy and willing to LIE to our faces. Remember Greenspan’s famous “I see no signs of a bubble” statement? ‘Nough said…
While the Federal Reserve was supposed to protect the value of our currency, we all know what a dismal track record they have and how owning Gold (when the powers that be have “allowed” us to) has been a far better way to preserve wealth than to trust the Fed.
Watching the Fed Makes Me Nauseous
Robert Kiyosaki is quite critical of the Fed and in the interview with Kitco and commenting on the on the Fed watching by the media he simply states that watching the Fed makes him nauseous and just encourages him to “go out and buy more Gold”.
The key, here, is how he buys that Gold and where Robert Kiyosaki stores Gold.
He is not buying ETF’s through is favorite broker; though that’s an easy way to “trade” Gold for a profit.
What he does is what we advocate here at BuyAndStoreGold.com, and that is to buy the metal privately and store it in a secure location outside the banking/financial system. In other words, don’t trust the big institutions.
In the words of Robert Kiyosaki, the Fed is just an instrument of Wall Street. Gives you a warm & fuzzy all over, doesn’t it?
The whole money market system is coming apart, according to Kiyosaki, and the new “people’s money” is actually crypto currency which we can actually create ourselves.
Personally I would be hesitant to go as far as he does with referencing ICO’s as most of the myriad ICO’s that were so hot a couple of years ago have crashed to worthless and beyond.
Nonetheless, the big three Bitcoin, Ethereum and Litecoin have survived to see another chance.
Keep in mind, though, that Crypto currencies – with rare exception – are as “fiat” as fiat currency. There is absolutely NOTHING backing them, and the ones with backing are almost to a one tied to (drumroll) GOLD!
Focus On What You Control
Much like the “serenity prayer”, it makes sense to focus on what you can control, not what you cannot. Kiyosaki cannot control the Fed and would therefore rather focus on what he CAN control:
What I can control is the amount of Gold and Silver I purchase and where I store it.
Robert Kiyosaki stores Gold and Silver outside the banking system and uses the banking system to BORROW (fiat) money.
If a black swan event (cyberattack?) shuts down the banking system, can you and your business survive? Do have a plan for that?
Let’s hope we never need that kind of a Plan B but history tells us that the government WILL shut down the banks when they see fit!
Remember that most people have no cash on hand to even buy a few days of groceries…
Buy And Store Gold Like Robert Kiyosaki
It certainly makes sense to have a certain amount of physical Gold and Silver close at hand for emergencies. Yet, if you want to own enough Gold to protect your wealth for you, your family and maintain generational wealth it makes sense to purchase that metal and store it in secure vaults outside the jurisdiction where you live.
With companies like the Hard Assets Alliance you can buy precious metals at wholesale, competitive prices and specify it be stored in secure, insured vaults around the world in the best jurisdictions available – all with zero required reporting of that offshore “account” since HAA is a US company.
And because the Hard Assets Alliance is a US company it’s a lot easier to talk with them, get to know them and trust them with your assets.
Learn more and understand why we choose them to buy and store Gold for our family, CLICK HERE