Kitco News Coverage - Vancouver Resource Investment Conference

Introduction

• Coverage by Kitco News at the Vancouver Resource Investment Conference.
• Special guest: Robert Kiyosaki, author of "Rich Dad, Poor Dad".
• Discussion includes economy, gold, silver, and bitcoin.

Economic Concerns

• Gresham's Law: When bad money enters the system, good money goes into hiding.
• Printing of fake money leads to:
  • Increase in asset prices.
  • Growing disparity between rich and poor.
  • Increased cost of living for the poor and middle class.
  • Homelessness and related societal issues.

Predictions on Financial Markets

• Market Crash: Kiyosaki warns of a giant market crash reshaping the financial system.
• S&P 500: Predicted collapse leading to impact on baby boomers with 401Ks.
• Fiat Money Concerns: Critique of policies and leadership affecting the economy.

Gold, Silver, and Bitcoin

• Gold and Silver as Hard Assets:
  • Seen as having integrity and holding value.
  • Kiyosaki holds silver and predicts a rise in silver prices to $70.
• Bitcoin:
  • Kiyosaki owns 85 Bitcoins, indicating confidence in its long-term value.
  • Foresees potential for continued rise in Bitcoin value.
• Investment in Precious Metals:
  • Strategic investments, especially in metals like silver, given their industrial and military demand.

Political Commentary

• Critique of current leadership, particularly regarding economic and border policies.
• Emphasis on the need for strong leadership to manage economic and geopolitical challenges.

Strategic Investments

• Investment Opportunities:
  • Importance of investing in hard assets and commodities.
  • Shift towards metals like lithium, supported by the transition to renewable energy sources.

Conclusion

• Kiyosaki emphasizes early investment as key.
• Continued concern over inflation and national debt.
• Encouragement to seek real assets over paper assets.
• Importance of market awareness and strategic positioning for future economic shifts.