Conspiracy of the Rich is a new book in development by Robert Kiyosaki, the bestselling author of Rich Dad Poor Dad, that has traditionally bucked convention and undoubtedly will yet again with this new work in progress. In this book he challenges conventional wisdom about finance, and teaches readers how to adapt to money’s new rules in today’s economic turmoil.
Rich Dad’s Conspiracy of the Rich: The 8 New Rules of Money
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This is a montage of Robert Kiyosaki appearing on; CNN, KTLA, TODAY, The Early Show, FOX News and many others. He talks about debt, education, predictions, and also talks with Donald Trump.
Robert Kiyosaki and Donald Trump – Why We Want You to be Rich: Two Men – One Message
Why We Want You to be Rich: Two Men – One Message
- Image by hto2008 via Flickr
Buy or Sell Gold?
The latest Wall Street Journal is filled with stories about financial planners advising clients to either sell their gold or not buy anymore.
Naturally, you’re probably asking, “Should I buy or sell gold?”
My answer is that it depends.
My gold buying career began in 1972 while I was a pilot in Vietnam, when gold was about $85 an ounce. When it passed $750 an ounce from 1979 to 1980, I was forced to sell, not because I wanted to, but because I needed to pay off some bills.
In the 1980’s, when Kim and I were flat broke, we bought a little gold and a little silver on a regular basis. When gold dropped below $400 on its way down from $850, I bought gold at $400, thinking it was a good price. Then it dropped to $375. I felt stupid, saying to myself, “I should have waited.” So, I bought at $375 and it dropped again. Still feeling stupid, I bought more gold. When gold went below $300 around the year 2000, I bought as much as I could afford.
In 1996, with gold and silver so low in price, a group of investors and me purchased a silver mine in South America and a gold mine in China. We nearly went broke bringing both mines to market in Canada. The silver mine was sold to another silver company and the Chinese gold mind went public through an IPO on the Canadian Exchange.
I regret selling that silver mine. I should’ve held on to it but the cash was tight and the offer too good to refuse.
In 2000, Rich Dad Poor Dad was still a self-published, obscure book. We had no income from the book or our games. Oprah hadn’t called yet to get me on her program. Our primary investments at the time were larger apartment houses and one commercial property. Cash was tight in 2000, but with gold and silver at such low prices, we cut corners on food and luxuries and bought as many gold and silver coins we could afford.
In 2001, after Rich Dad Poor Dad took off, Ron Insana interviewed me on the financial TV channel, CNBC. He asked me what I was investing in and I told him gold. He thought gold was a strange investment but listened to my arguments politely.
Generally, paper asset investors like Ron Insana, don’t invest in gold, silver, or real estate. If they do invest in hard assets, they invest via paper assets through gold mining shares, ETFs (Exchange Traded Funds), and REITs (Real Estate Investment Trusts).
Today, gold is on everyone’s mind. Many say gold is in a bubble. Some say it’s time to sell, not to buy. Personally, I’m not buying much more gold and silver because I have enough. But you might want to know why I’m not selling.
Why I’m not selling
The primary reason I’m not selling my gold and silver is that the US government is in big trouble and the problems are getting bigger, not better. In the October 25th edition of The Wall Street Journal, a number of articles validate my concerns.
One article points out that TIPS (Treasury Inflation Protection Securities), are gaining in popularity. This means investors are now betting on inflation. For a number of years, TIPS and traditional US Treasury Bonds were running at about the same price. Which gave no indication of inflation or deflation. Bonds are good investments during deflation. TIPS are good investments in inflation.
I knew such a neutral position between bonds and TIPS couldn’t last long. Today, TIPS are so hot that they’re selling for a negative yield. In other words, the fear of inflation is so high that TIPS investors will do anything to get their money into something that won’t lose value. TIPS investors are paying money in order to not loose as much money as they could otherwise, if that makes any sense.
Now, with TIPS becoming hot, it means bond market investors are betting on inflation, not deflation. This is good for gold and silver. Rather than invest in TIPS, I prefer gold and silver. Rather than trust my government, I trust gold and silver. And if traditional bonds became hot, it still wouldn’t change my preference for gold or silver.
The article on TIPS in The Wall Street Journal was only the tip of the iceberg. On the same page were articles with headlines such as:
Dollar is poised to slide further: This means the currency wars are on. A lower dollar means a loss of purchasing power and inflation for people who use dollars. That’s bad news for savers of dollars and good news for gold and silver investors.
JP Morgan to Launch Copper ETF: Copper is an essential metal for construction. Copper is now the darling of the investment community. Good news for investors in copper and those betting on a recovery.
Advisors Try To Tame Appetite for Gold: Claiming gold is in a bubble, financial planners are advising investors against gold—typical advice from financial planners. Why didn’t they advise their clients to buy gold from 1996 to 2006? The reason is because they make more money selling riskier investments.
So, from just one page of The Wall Street Journal, there are four articles indicating inflation, when the article on TIPS is included, and only one article about financial planners advising against gold.
I’m betting gold and not the advisors. What you do is up to you.
The primary reason I hold on to gold and silver is because the US has massive problems still ahead. We have a massive budget deficit, debt that won’t stop, and a dysfunctional political system. On top of that, there are approximately 75 million baby-boomers about to start collecting Social Security and Medicare. Medicare is slated to go broke in 2019, and to make matters worse, President Obama passed Obama care, adding to the costs. This is nuts.
I’m not blaming President Obama. He’s accurate when he says that he inherited the problem. For those of you who’ve read Conspiracy of the Rich: The 8 New Rules of Money, you know that today’s problems started a long time ago and have only grown worse.
I doubt the US can solve our financial problems. We’ll never be able to produce enough to pay our bills. Our budget problems are now too big. Since the US cannot produce more than we spend, the way the US will attempt to solve the government’s financial problems is by printing more money.
And as long as the US is going to print money, I’ll stick with gold and silver. If the government stops printing money, I may start selling.
But if the US stops printing money, you’ll definitely want to buy a gun and enough ammunition to last a while. It may take sometime for the rioting and looting to subside.
Rich Dad’s Advisors: Guide to Investing In Gold and Silver: Protect Your Financial Future
YOUnique Wealth – Gold & Silver
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Product Description
The 8 Wealth-Building Assets of Network Marketing
Robert Kiyosaki believes in the power of network marketing! In his new book, he explains why this is the best time to start your own business and secure your financial future!
For the past several years, multimillionaire businessman, entrepreneur, and investor Robert Kiyosaki has been a staunch supporter of network marketing. Like many people, he was skeptical about the industry at first … until he learned first… More >>
The Business of the 21st Century
If you are at all familiar with Network Marketing and the challenges you face sometimes trying to explain the validity and greatness of the industry, you MUST understand who Robert Kiyosaki is and his opinion on Network Marketing.
Why is it so important and such a BIG deal that Robert Kiyosaki’s name is associated with Network Marketing in such a POSITIVE way?
The answer is obvious: he is one of the most successful and most wealthy entrepreneurs in history. He’s worked with the likes of Donald Trump.
And guess what?
He 100% endorses the Network Marketing industry. You can absolutely use this to your advantage.
In this article I will explain how using Robert Kiyosaki’s name in conjunction with Network Marketing will make it that much easier for you to have the confidence to go out and prospect people for your business. (Be sure to read my article “Filling the MLM Funnel” for more information on prospecting and recruiting!)
When Robert Kiyosaki is asked why so few people make it to the top of their network marketing system, he says it’s because the system is open to everyone.
In traditional businesses, usually only one person can be at the top, and this is what people are accustomed to. In Network Marketing, most people quit before they even get started.
The reason for this is because most people only join a Network Marketing company to make easy money. If they don’t make money in the first few months or years, they become discouraged and quit (and then often bad-mouth the industry!). Others quit and go looking for a company with a better compensation plan. Either way, starting a Network Marketing business just to make a quick buck will never work.
The 2 Biggest reasons to join a Network Marketing Company:
1. To help yourself.
2. To help others.
If you join for only one of these two reasons, then the system will not work for you.
If you are solely looking to help yourself then you have started the business simply to change over from the E (Employee) or S (Self-Employed) Quadrant to the B (Business Owner) or I (Investor) Quadrant, based on Kiyosaki’s Cash Flow Quadrant.
This is usually a very difficult change for people, because of the money and mindset. A typical E or S Quadrant type person usually won’t work for anything unless they are getting paid. Going back to why people don’t reach the top of their Network Marketing organization – it’s because they don’t really want to change quadrants, they just want to make more money.
A typical person who is in the B or I quadrant obviously also works for money, but with a completely different mindset. The B quadrant person works to build or create an asset-in this case, a business system. And the I quadrant person simply invests in the asset.
The best part of the network marketing industry is that you have to HELP people transfer from an E or an S to a B or an I – or you won’t make much money. If you focus on helping others make this shift, then you will be successful in the business.
As a B or an I, sometimes you don’t get paid for years; this, a true E quadrant or S quadrant person will not do. It’s simply not of thier mindset to do so! They cannot handle risk and delayed gratification.
Another great thing about the Network Marketing industry is the personal growth and emotional intelligence you will develop while enhancing your true entrepreneurial skills.
Emotional intelligence is totally distinct from academic intelligence. In general, someone with high emotional intelligence will often do better than someone with high academic intelligence but low emotional intelligence. That explains, in part, why some people do well in school but not so well in the real world.
The ability to delay gratification is a sign of higher emotional intelligence. Recent studies show that people who could delay gratification tended to be more successful than people who couldn’t.
This is why the educational system inherent in a good network marketing opportunity is so important. It’s the emotional education or emotional intelligence aspect of their programs that are so valuable for people.
Remember, there are two reasons required to be successful in network marketing: to help yourself, and to help others. We’ve already discussed reason number one. So now on to reason number two.
As I said, you won’t make much money in Network Marketing if you’re not helping people transition from an E or S quadrant to the B and I. If you’re helping people make this transition, you will have a lot of success in this industry.
If you only want to teach yourself to be a B quadrant and I quadrant person, then a true network marketing system won’t work for you. You may as well go to a traditional business school, which focuses only on you becoming a B quadrant person.
The best part about a Network Marketing business is that you create an asset in which you have B’s working within your organization, and in turn you create more B’s who also create more B’s, all working together. In a traditional corporate organization, the B’s only want to have E’s and S’s work to make the organization successful.
The fact of the matter is that most businesses and companies really don’t have room at the top for many other B’s, which is why Robert Kiyosaki strongly recommends that all employees look into network marketing as their own part-time businesses.
The traditional corporate system really is a pyramid, because there are a few B’s and I’s near the top, and more E’s and S’s at the base. A network marketing system is a reverse pyramid: its primary focus is to bring up more and more B’s to the top.
A network marketing business gives everyone access to what used to be available only to the rich.
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