"Cash Will Be Trash," Future Of Gold "Very Good” - Rich Dad’s Robert Kiyosaki
Kitco News speaks with Rich Dad, Poor Dad author Robert Kiyosaki to find out how he sees gold, oil and stocks set up for the coming year, given the volatility in financial markets this month. “Get out of the stock market!” is his clear message to investors in his latest book “Second Chance: for Your Money, Your Life and Our World.” Kiyosaki says he thinks the future of the dollar is bleak, which would translate into a “very good” future for gold prices. “When the euro collapses, it means the dollar will collapse soon thereafter,” he says. When asked if he allocates 5-10% of his portfolio in gold, Kiyosaki says he actually has more and stored in “faraway places.” There’s just one little problem. “The problem with gold…is when I spend gold, when I redeem gold, I'm taxed at 33% and that’s really high,” he says. “So I hold gold not as an investment, I hold it just in case – which I think will happen – the dollar, the yen, the euro and the pound will collapse.” Tune in now to hear more from famed investor and author of bestselling book Rich Dad, Poor Dad Robert Kiyosaki. January 7, 2015. (show less)
Kitco News speaks with Rich Dad, Poor Dad author Robert Kiyosaki to find out how he sees gold, oil and stocks set up for the coming year, given the volatility in financial markets this month. “Get out of the stock market!” is his clear message to investors in his latest book “Second Chance: for Your Money, Your Life and Our World.” Kiyosaki says he thinks the future of the dollar is bleak, which would translate into a “very good” future for gold prices. “When the ... (read more)
On The Spot
Editor-in-Chief Daniela Cambone puts some of the A-list names in the commodities space 'on the spot'. From key political & economic leaders to metal market opponents, she has guests from all over the globe answer some of the most challenging questions surrounding the resource industry. Tune in to hear what the elite have to say about the hottest topics in the industry.Disclaimer: The content on this website, including, without limitation, news, videos, interviews and commentaries, is provided by Kitco Metals Inc. ("Kitco") for informational purposes only and is not intended as any form of advice, whether legal, accounting, investment, financial or tax advice. Therefore, it cannot be relied upon as such. Should you require such advice, contact a licensed professional. The content provided herein is provided on an "as is" basis without any warranty of any kind, whether express or implied and your use of the information provided in said content is entirely at your own risk. In no event will Kitco be held liable for any indirect, special, incidental, or consequential damages arising out of the use of the content on this website.
