MARIA: WELCOME BACK.
WE ARE TAKING A LOOK AT PRECIOUS
METALS THIS MORNING.
IS IT AN OPPORTUNITY IN THE FACE
OF MARKET TURBULENCE FOR STOCKS?
GOLD PRICES HAVE BEEN HOVERING
AROUND 10-WEEK HIGHS, SILVER
PRICES ARE UP SLIGHTLY THIS
MORNING.
BUT ALSO HAVE BEEN EYED RECENTLY
AS STOCKS TRADE SO VOLATILELY.
JOINING ME NOW IS THE AUTHOR OF
RICH DAD, POOR DAD AND RICH
GLOBAL LLC FOUNDER, ROBERT
KIOSAKI.
IT’S GREAT TO SEE YOU AGAIN.
THANK YOU SO MUCH FOR BEING HERE
AGAIN.
GIVES US THE CASE ON SILVER
RIGHT NOW?
>> FIRST OF ALL, THANK YOU,
MARIA.
THE REASON I LOVE SILVER AND
GOLD IS BECAUSE ESPECIALLY
TODAY, I DON’T TRUST THE FED, I
DON’T TRUST TREASURY, AND I
DEFINITELY DON’T TRUST BIDEN.
SO THOSE ARE MY MAIN BIG
REASONS.
I’VE ALSO BEEN SAVING SILVER
SINCE 1964 WHEN I WAS IN JUNIOR
HIGH BECAUSE I SAW THE COPPER
TINGE COMING AROUND OUR SILVER
COINS AND I STARTED ACCUMULATING
GOLD IN 1972 AFTER NIXON TOOK
THE DOLLAR OFF THE GOLD
STANDARD.
I’M A HARD CORE PRECIOUS METALS
GUY AND THE BIGGEST REASON FOR
SILVER TODAY IS TWO REASONS.
I PUT SILVER IN THE SAME
CATEGORY AS COPPER.
SO IT’S SILVER, COPPER, BECAUSE
THEY’RE KIND OF -- THEY’RE
INDUSTRIAL.
THEY’RE USED IN INDUSTRY.
PLUS SILVER IS STILL 50% LOWER
THAN ITS ALL-TIME HIGH, ACTUALLY
100%.
I REMEMBER WHEN SILVER WAS $50
AN OUNCE WHEN THE HUNT BROTHERS
CORNERED THE MARKET.
I REMEMBER SILVER AT $50, TODAY
IT’S AT 25.
GOLD IS PUSHING PAST 2,000 AND
BIDEN IS GOING TO PRINT MORE
MONEY.
I MEAN, WHAT ELSE DO YOU WANT?
MARIA: WHAT DO YOU MAKE OF THIS
FEDERAL RESERVE EXPERIMENT HERE.
THE MARKETS HAVE BEEN OBVIOUSLY
SO NERVOUS ABOUT THE FED GOING
FROM THE EASING STANDPOINT THAT
IT WAS AT TO A TIGHTENING
POLICY.
WHAT DO YOU THINK WE’LL HEAR
TODAY WHEN WE HEAR FROM THE FED
AND WHAT ABOUT THE STOCK MARKET
IN THE FACE OF THIS MASSIVE
CHANGE IN POLICY?
>> WELL, I’M CONCERNED BECAUSE
BEING A BABY BOOMER, WE’RE THE
FIRST GENERATION WITH THIS THING
CALLED THE 401-K.
AND, YOU KNOW, IF THE STOCK
MARKET CRASHES, BABY BOOMERS
CANNOT RETIRE.
IT’S NEVER BEEN LIKE THIS
BEFORE.
BUT ALSO, AGAIN, I JUST DON’T
TRUST THIS GUY BIDEN.
I MEAN, HOW CAN YOU SHUT DOWN
THE KEYSTONE PIPELINE, HOW CAN
HE BE PUSHING FOR INFLATION AND
HOW CAN HE BE, YOU KNOW -- I MEA
HE’S THE WEAKEST PRESIDENT WE’VE
EVER HAD.
IF THERE’S A BETTER CASE FOR
GOLD, SILVER ORBIT COIN ORBITCOI
JUST LOOK AT OUR LEADERSHIP.
I’VE BEEN COLLECTING SILVER
SINCE 1964.
SO I’M PRETTY HARD CORE AND ’72
FOR GOLD.
I BOUGHT GOLD AT $50 AN OUNCE
AND TODAY SILVER IS ABOVE 25 AND
I REMEMBER WHEN IT WAS 50.
SO I’M JUST LOOKING AT A HISTORY
AND I LOOK AT THIS INCOMPETENCE
RUNNING OUR TREASURY AND OUR FED
AND THEY’VE NEVER GOTTEN
ANYTHING RIGHT.
THEIR THEY’RE GOING TO TIGHT --
THEY’RE GOING TO TIGHTEN WHEN
THEY SHOULDN’T TIGHTEN.
MARIA: THE DECISIONS THAT HAVE
BEEN MADE HAVE BEEN INCREDIBLY
QUESTIONABLE.
WE HAVE CRISES GOING ON ACROSS
THE COUNTRY.
WHAT’S A BETTER HEDGE AGAINST
INFLATION, SILVER OR GOLD?
>> I ACTUALLY LIKE SILVER.
LET ME GIVE YOU THE REASONS,
BECAUSE OF THE PRICE OF SILVER.
I REMEMBER WHEN SILVER WAS $50
AND OUNCE, TODAY IT’S ABOUT 25
AN OUNCE AND I REMEMBER WHEN
GOLD WAS $50 AN OUNCE AND TODAY
IT’S ABOUT 1800.
SO SILVER HAS THE BIGGEST MOVE
PLUS SILVER IS GOING TO BE USED
IN ELECTRONIC VEHICLES SO THAT’S
WHY I PUT SILVER AND COPPER IN
ONE CATEGORY AND BITCOIN AND
GOLD IN ANOTHER CATEGORY.
SO I LOVE SILVER RIGHT NOW.
MARIA: DO YOU EXPECT THAT WE
ARE GOING TO SEE MOVES IN THESE
COMMODITIES AS THE FEDERAL
RESERVE RAISES RATES THIS YEAR,
ROBERT?
HOW MANY RATE HIKES ARE YOU
EXPECTING?
>> THAT’S BEYOND MY PAY SCALE,
MARIA.
I’M A SIMPLE MAN.
I WAS A MARINE IN VIETNAM.
WE DON’T THINK THAT MUCH.
BUT I’VE BEEN ALWAYS JUST
COLLECTING SILVER AND I SAVE
GOLD.
GOLD IS FOR SAVING AND SILVER IS
FOR SPENDING.
SO I HAVE ENOUGH SILVER STASHED
IN DIFFERENT PARTS IN SAFE AREAS
BECAUSE I DON’T EXPECT THE U.S.
DOLLAR TO DO WELL.
I EXPECT WE’RE GOING TO HAVE
HYPER INFLATION.
THAT’S WHAT I’M AFRAID O THAT’S
WHY I WOULD RATHER BE IN SILVER
AND GOLD OR EVEN BITCOIN THAN
THE U.S. DOLLAR.
SO I DON’T SAVE DOLLARS.
I SAVE SILVER AND BITCOIN AND
THINGS LIKE THAT.
I JUST DON’T TRUST THE
GOVERNMENT.
MARIA: LOVE IT.
ALL RIGHT.
ROBERT, IT’S GREAT TO GET YOUR