If YOU would like to be on a CRYPTO PING LIST, please pm me.
I'm linking this for two reasons...
1. We all see the state of the economy
2. We all know what silver and gold are... but fewer are thinking about cryto.This guy is.
Posted on 03/22/2021 9:12:43 AM PDT by aMorePerfectUnion
Rich Dad Poor Dad author Robert Kiyosaki says he is racing to buy Bitcoin, Ethereum, and precious metals as the economy weakens.
In a new Rich Dad Radio Show podcast episode, the best-selling author and entrepreneur says that while he does not wish to argue over which store of value asset is superior, he is currently scrambling to own as much BTC, ETH and gold as he can.
“So I’m just grateful I have a lot of gold, silver, Bitcoin and Ethereum and I don’t get into the argument. Peter Schiff is always arguing about gold and silver and Max Keiser’s arguing back, and I think, ‘Why the heck are you guys arguing?’ Just get as much as you can right now because the government is screwed.
We’re screwed. Our whole economy is screwed. We’re so deeply in debt, it’s like sinking into quicksand right and you’re arguing about gold, silver, Bitcoin. Just buy something.”
Last year, Kiyosaki predicted Bitcoin would break the $50,000 level in 2021. He said that this bet wasn’t necessarily based on the strength of Bitcoin, but in the weakness of the US economy and government.
“I’m not judging Bitcoin. I’m judging the stupidity of our government. Being a real estate guy when I look at how much debt is going to default, the question is, when all those office buildings around San Francisco can’t pay their rent, who’s going to bail them out? That’s why I put my $50,000 bet. It was a bet against the economy. It wasn’t a bet on Bitcoin. And I’m betting [the Federal Reserve] is going to print [more money] and if they don’t print we’re screwed anyway.
The question is where do you put your money? I started off years ago saying, ‘Cash is trash,’ and it is becoming trash. The more artificial intelligence and technology make things more efficient prices should keep coming down but the Fed keeps pumping it up… Lesson number one in Rich Dad Poor Dad is the rich don’t work for money, because the moment you do that you’re screwed. It’s coming true right now and it really deeply concerns me.”
If YOU would like to be on a CRYPTO PING LIST, please pm me.
I'm linking this for two reasons...
1. We all see the state of the economy
2. We all know what silver and gold are... but fewer are thinking about cryto.This guy is.
PING
Ping to you - (do you want to be added to the crypto ping list, or not interested?)
Cryptocurrency presumes availability of others managing the blockchain.
Off grid? Grid off? No Bitcoin.
Your comment presumes the grid will be off worldwide …
Blockchain is decentralized
In a power outage, you may not be able to access it - like atms
Premise of thread: “economy is screwed”.
How big the gap where ATMs are down but Bitcoin isn’t?
I suspect rather narrow.
Inflation requires velocity of money—and unless .gov plans monthly _big_ stimulus checks every month for years and rent and mortgage forbearance indefinitely, the velocity of money in this economy will remain at a stunning low level.
Poor people just don’t have money to spend, and they are most of the people in the US these days.
Meanwhile illegal aliens and mechanization will crush labor costs.
In addition, other countries are inflating their currencies like crazy, so the dollar remains the biggest boat in a sinking sea.
The world economy is in crazy unknown territory—eventually the whole thing will crash in an insane depression imho.
Silver made it’s last high adjusted for inflation in 1986.
Gold and Silver technical charts look weak.
Watching, but not jumping in.
I have found this guy’s advice is mostly B.S. or recycled from others. He is mainly rich because he got famous for a shtick.
90% Silver Quarters Or Silver Dimes; Pre-1965 Junk Silver Coins
No-one will be able to change a $10,000 Krugerrand or Eagle.
I remember in the early nineties buying Kruggerands for $382.00, average.
Cryptocurrency presumes availability of others managing the blockchain.
Off grid? Grid off? No Bitcoin.
—
Gold has a 6,000+ year history of “just working”. It can’t be destroyed. It can be buried underground or under water and nothing happens to it. And it actually has practical application both a jewelry and as one of the best choices for electrical conductors.
They make silver krugerands now too. I just loaded up on them a few months back.
They make silver krugerands now too. I just loaded up on them a few months back.
“Gold has a 6,000+ year history of “just working”.
It also has a 50 year history of being a rigged market like Silver. The people who control both can control the price at will.
Fear-porn sells, but when does it pay off?
I would like to be added to the ping list, please.
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Welcome
I found Robert to have great info that changed my approach to investing.
To each their own
They'll have no problem using their monopoly money to buy a $12B aircraft carrier....
You'll be lucky your REAL money will be able to buy a loaf of bread.
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