Maybe We Should Listen To an Expert

Quote of the Day

The EVERYTHING BUBBLE, stocks, bonds, real estate SET to CRASH. US debt increasing by $1 trillion every 90 days. US BANKRUPT. Save your self. Please buy more real gold, silver, Bitcoin.

Robert Kiyosaki @theRealKiyosaki
Posted on X April 6, 2024

Kiyosaki appears to be well respected.

Some people even collect his quotes:


Maybe we should listen to an expert rather than try and figure out complex things like on our own.


10 thoughts on “Maybe We Should Listen To an Expert

  1. Bitcoin is no more secure and has no more inherent value than the Dollar.
    It exists SOLELY in computers and can be manipulated just as readily as the Dollar.
    If you can’t physically touch it and hold it in your hand it isn’t real and it can’t be trusted.

    • I’m not so certain it can be manipulated as easy as paper money. It can’t be printed, practically without limit, as the dollar can.

      Still, it is a confidence racket just as all fiat money is. Its value can drop to zero.

  2. Lines up with my written-on-napkin linear extrapolation that we have between 2 and 4 presidential terms before federal interest payments equals federal revenues. Furthermore, a linear extrapolation is the best case scenario.

    But I think he’s wrong in his prescription. Gold will be valuable after normality returns. In the meantime, brass and lead. Whole bricks of 500 .22LR, make change with individual rounds. Can’t really tell you what the exchange rate is for boxes of 10 rounds of pistol or rifle centerfire ammo, or boxes of 25 12G. If you’ve got a specialty round, that’s a bit like having Italian lira coins in your pocket: only worth it to other Italian lira collectors.

  3. Don’t know anything about Mr. Kiyosaki. But he sounds a lot like a salesman.
    When Lucky Luciano was showed how the stock exchange worked, i.e. “specialists”, or today known as “designated market makers”.
    He lamented that he had joined the wrong mob.
    These are not nice, honest people were dealing with. And markets of today are not normal in any shape, form, or matter to what we think a real market should look like. In anything.
    What is a known fact is that theft markets always crash. When that happens is always a guess. So, having a hedge that doesn’t have a shelf-life is a good thing.
    This time around appears to have a component of rape and murder (the mostly low impulse control fighting age male invasion), that wasn’t in past crashes.
    So a climate controlled stock of beans ,rice, and ammo sounds like a pretty good hedge also.
    As for bitcoin? If it wasn’t up for easy manipulation I don’t think the central banks of the world would be wanting to start their own CBDC, and force everyone to trade with it?

    • I remember Kiyosaki, and various other “experts” I never heard of before or since, hawking silver coins on TV. The theme always was that the price of silver “could” go to the sky. Yes, and pigs could too, if they had wings. Neither happened. I think the price of silver has basically not budged in quite some years.
      Gold is a different matter, for unclear reasons. Something that greatly puzzles me is that just 2 or 3 years ago palladium was selling for more than gold; now it’s well below half the price of gold.

      • Always with the marketing games.
        Palladium was just a long con.
        It’s use in catalytic converters as a hydrogen activator was the excuse for high demand. (Platinum works just as well in that roll, why was it down to?)
        Since gold is considered the great inflation hedge. It’s all the hype today.

        • When palladium first became popular for catalytic converters (or, as my late libertarian friend Alan Groupe called them, “catatonic converters”), it was way cheaper than platinum. It wouldn’t surprise me if the price inversion is a consequence of that changeover, and converter makers having gotten stuck with that technology and somehow not able to switch back again.

    • (I think) that was from a time when there was a lot more trust in the government. I believe that now it would be more like, ΜΟΛΩΝ ΛΑΒΕ!

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