Conspiracy of The Rich blog : Learn with Rich Dad Robert Kiyosaki how to Survive and thrive in today's economy, how to build assets, how to save money and increase your financial success, how to invest wisely and how to plan your path to financial achievement

Thursday, May 5, 2011

your money is worth less and less

Robert Kiyosaki : “... What I see more is like the Paso crisis of 1990, the Asian crisis and the Russian crisis. It’s happening right now. The dollar versus the Euro is 120 and going to 134. The world is saying your cash is trash. It’s good for the economy because it makes our products more affordable--- which is not bad, it’s just when you go over seas, and I remember when the Euro was 85 cents to one dollar and now it is 1.20 to a dollar; so that’s a 35 percent swing in less than two years – that’s massive! What this means is that you will have to start paying more to live because your money is worth less and less. That’s why I am in gold because the more Bush runs up the deficit, the richer I get because I am in gold. Gold was at 4.09 an once this morning, and I have a million and a half shares in one gold mining company and everyday it goes up a buck, I make another million and a half bucks – that’s leverage! You have to learn how to play both sides of the fence.”

Rich Dad Poor Dad is the story of Robert Kiyosaki's financial education. He had two 'dads' - one his real dad, who was poor, and the other, his best friend's dad, who was on his way to becoming a very rich man.