The Greatest Wealth Transfer Is Happening — Gold & Silver Will Explode

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0:38Yep, we said free. Oh, and did we mention the cafe? So what are you waiting for? Come see all that's in store. Visit the Wayfair store today at Edens Plaza and Wilmette. Way fair, every style, every home This is the Rich Dad Radio Show The good news and bad news about money Here's Robert Kiyosaki Hello Robert Kiyosaki, Rich Dad Radio Show And today, I'm not coming to you from Scottsdale, Arizona I'm coming from a place called Gainesville, Texas And I'm a very special guest to them This guy is the godfather right now His name is Rick Rule. And every time I see him, I'm in awe of how much I learned from him.

1:25And he's extremely respected in the mining field, gold and silver. My partner, Maren Katusa out of Vancouver, speaks so highly of Rick. And I last saw Rick, I think, in Rebel Capitalist. And now I meet you here. and Rick, it's an honor to have you on the Rich Dad Show. So thank you. Well, my honor, Robert, I'm a huge fan of that book, Rich Dad, Poor Dad. Before we went on the air, I said I sort of think it is the obligation of old folks like you and I to prepare the younger generation to teach them for the mess that we're leaving them in terms of the economy and the political economy. So thank you so much for just talking common sense to young folks.

2:15Thank you. Have you seen Lawrence Lepart's book, The Big Print? I have. I have. Your book is more accessible. People should read your book before they read that book. But it's important. It's an important part of the continuum. Yeah. So just the reason Rick is so important is because I think it was 65, I was holding up a half dollar. And it was no longer silver. It was copper. And as a Mexican to say, what are they doing? You know, and that was Gresham's law. And then in 71, I was flying as a Marine helicopter pilot. And we're flying out of Vietnam. and uh i went to buy gold behind enemy lines proving marines aren't the smartest guy on earth and i walked up to this little i was behind enemy lines rick we disarmed my co-pilot and i we put our hands up and walked over the village and we said we don't come as marines we come as capitalists we just want to buy some gold and we walked up to this uh little bamboo shack and there's a little bit of me as well was in their teeth were bright red because the beetle nuts and gold because I just taken a gold off the gold standard it was going from 35 to 50 so I thought I could get a discount and I got I got schooled right she's cool me she got a spot but tell a spot and she got spot and So I didn't get any gold that day.

4:03But also, you learn a lot when you start doing stupid things. I went to Hong Kong and I bought my first Krugerrand from South Africa. And then I found out I had to smuggle it into the States. I mean, could you imagine that, Rick? I mean, that's how old I am. Gold was illegal for Americans to own. and then the last thing was coming out of Japan not too long ago and they didn't care if I was carrying fentanyl they wanted to know if I was carrying any gold so it was a long way to introduce my friend Rick Rohl here he's a guy I look to when it comes to information and advice and trends in the marketplace so welcome to the Rich Generator Show pleasure to be with you as I say those anecdotes are interesting because there are so many lessons there.

5:00The universal appeal of gold as a medium of exchange that's similarly a store of value. Buy it in Hong Kong. Buy it. What was behind enemy lines in Vietnam? I've bought it on the Venezuelan-Brazilian border. The same circumstance. They knew spot particularly well. A different lesson is that you think your government wants you to be free and be happy unless you bring a competing currency into the realm, in which case you're a criminal and a traitor. That's correct. Many lessons in the story you just told, Robert, if you view those lessons from the right prism. You know, I spend a lot of time in my declining years explaining, as you do, the efficacy of owning precious metals to young people.

5:59uh jp morgan chase is an example suggests that precious metals comprise less than one half of one percent of the total savings and investment assets of americans down by the way from a four decade mean of two percent the first lesson there is that if the rest of the things we talk about for the rest of our interview come to pass uh it is likely that the market share of gold at least reverts to mean or perhaps overshoots. I'd like your audience to first of all think about what a fourfold increase in demand would do to price. I'm not smart enough to give you the answer to that, but I leave it to you to use your imagination, understanding that prices are set on the delta between supply and demand.

6:49Imagine the potential impact of a fourfold increase, which is merely a reversion to mean. Interesting points to ponder. When you say reversion to mean, what does that mean to the average person? JPMorgan Chase suggests that over the last four decades, the median or mean market share of precious metals and precious metals related securities relative to all other asset classes was 2%. Now it's half a percent. So if gold gained enough favor merely to return to its average market share over the last four decades, demand for the stuff would grow fourfold. fold right and that's all and you know jp morgan was a guy i'm correct me if i'm wrong he says gold is money everything else is credit and again when the reversion to mean the average person what does it mean credit it means debt that's correct that's and that's what happened in 71 when nexon took the dollar off the gold standard i went what the hell is he doing and the U.S.

8:02Treasury with a bond became as good as gold and that caused one of the biggest hyperinflations in history. So Rick and I are these gold buds who are still in the dark ages but gold is money. I put silver in that category because silver was money before gold I believe and all this and that said in 65 i'm holding up a half dollar with kennedy on it going why is it copper you know what i mean why is it copper you know counterfeiting goes back at least as far as you know it's important to recognize that it's just that government technology is getting better uh now they counterfeit a hundred percent of the value of the currency there was a time when they clipped the edges or they changed the alloy but governments are much more efficient than they used to be they steal wholesale as opposed to retail if you look at the other promise today which is say a u.s dollar uh literally uh well it used to be a package of dreams painted on a piece paper.

9:18Now it's a packet of dreams clicked into existence. And it's really important, I think, that people know that. Not that the dollar will cease to function as a medium of exchange, but it's an increasingly inefficient medium of exchange if you also ask it to be a store of value, Robert, as you know, but many people don't. It's interesting that you talk about all their forms of exchange as debt, because I think for Americans, debt is the concept that will lead to the best understanding of gold. At the Rebel Capitalist conference, Gorman's conference, I talked about the math of America. I talked about the fact that our on-balance sheet liabilities exceed$37 trillion, which is now, what, 120 % of GDP?

10:22Right. In 1982, to put a large number in context, on balance sheet liabilities were only 32 % of GDP. So we've gone from 32 % of GDP to almost 130 % of GDP. So Rick, with all your experience, what does that mean to you? You know, like when somebody says it's 120 % of GDP and that was Roboth Reinhart and all that stuff, but the average American, you may be speaking Chinese right now. The average American should read this wonderful Churchill quote. Not Churchill, it's not a Hemingway quote. They asked how he went broke when he had all an income. and he said only at first that all of a sudden. It's important for the average American to note too, and almost none of them pay attention to this, that the bigger problem rather than the on-balance sheet debt is the net present value of unfunded entitlements.

11:33Look at you and I on the screen, Robert. We're poster boys for this. Medicare, Medicaid, military pension in your case, not mine, federal government pension. It is estimated by the Congressional Budget Office, not some cranky old libertarian Rick Rule, but the Congressional Budget Office. It's estimated that the net present value of unfunded entitlement problems, problems, programs exceeds a hundred trillion dollars. Now, again, this number in 1982 was about 90 % of GDP. Now this number is 350 % of GDP. And the math gets a little worse, Robert. I really want your listeners, I know math is boring, but I want your listeners to listen to this.

12:25The IRS estimates that the private net worth, the aggregate private net worth of all Americans, is about$141 trillion. and if you add the on-balance sheet debt of the U.S. government with the unfunded off-balance sheet debt of the U.S. government, that number is$130 trillion. So you take what we're worth, $141 minus what we owe,$130, there's only$11 trillion left over. Now, how do we get out of this. What I figure we do is we preside over the devaluation of the US currency. We have a dishonest default. And that's where gold comes in. Gold for decades, for millennium, has been a medium of exchange that's simultaneously a store of value.

13:21It's been a place that you go when you don't trust government debt. And the math suggests that this is a wonderful time. Well, that's why most gold guys are pessimists. But anyway, the good news is, and by the way, congratulations on your symposium, Rick Rule's symposium. I've heard wonderful things about it. And you're playing to a tough audience. But the good news is, Rick, more and more people are listening to you. Do you know what I mean? it's good news. So that's why you're so successful putting on these events and speaking to the masses about what real money is. So congratulations on your thing there.

14:02Well, we'd love to improve the conference last next year with the presence of Robert Kiyosaki. So keep that in mind. I would, I would be honored. But anyway, this is the, this is my point of view. This could be the best opportunity to get rich. I mean, And as the dollar comes down, all fiat, you know, fake money, the Japanese yen, the peso, the euro comes down. This could be the biggest opportunity you'll ever have to get rich quick. But you've got to get out of fake money and go to Rick Wall's conference. So we come back, we'll be going more into financial education. But I'm the eternal optimist because I've been saving gold and silver for years and getting no respect, Rick.

14:49No respect. And they kept saying, why don't you invest in the S &P 500? I said, I do have a conscience. Anyway, so we come back. We'll have more with Rick Wall and more about how this is the best opportunity. If you ever want to get rich quickly, this is it. We'll be right back. Everyone treats summer like it owes you happiness. Long days, pool parties, your best life on a loop. So what does it mean when you feel worse? The summer blues are real. It's why summer is one of the busiest stretches of the year for people starting therapy. Therapy is not only for when you're in crisis. Grow therapy is for all the moments when you decide you want more.

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16:43I'm Ricky Saki, Rich Dad Radio Show, the good news and bad news about money. And today it really is about the good news and bad news about money. The U.S. dollar is fake. I wrote my big book called Fake. Fake money, fake teachers, fake assets. And America sold the bill of goods in 65 when they took silver out of our silver coins. and in 71 when nixon took the dollar off the gold standard so our guest today is rake ball a man of tremendous respect for and uh i'm so happy to hear your investment commerce is still making waves out there rick but also is to be an optimist you know as andy sheckman says how much is a trillion and most people don't know you know and a trillion according to andy says he spent a dollar a second would take you 32 ,688 years to spend a trillion dollars and we do it now with a click of a mouse a trillion so rick's conference is the place to go and so that's what album promoted for next year for him because more and more people getting educated is the way i mean it's the biggest opportunity possible you want to get rich quick i share from gold to gold and silver and i'm a Bitcoin fanatic also, but anything outside of the dollar.

18:11So Rick, please tell us about your conference and where it's at next year and all this stuff. Well, the audience is growing fairly well. As you know, Robert, this conference has been going on a long time. I used to run it for Agora Publishing almost 30 years ago. It's been in continuous operation. Some people tell me 30 years. I can't remember, to be honest with you. but the year on year attendance growth is very good. And the customer satisfaction is very good too. Unlike any other investment conference that I know of in the world, we offer all of our attendees no questions asked money back guarantee.

18:50In other words, if you come to the conference, either live or live stream, and you don't think we give you your money's worth, we give you your money back and you don't have to tell us why. Just say, you know what? I don't think I got my money's worth. I give you your money back. I tell you this because we had over 600 paid live attendees and over 1 ,400 online live stream attendees. So over 2 ,000 people, and thus far, two people, one-tenth of 1 % have asked for their refund. So I would assume that a two-tenth of 1 % response to an unconditional money-back guarantee means that customer satisfaction was very high.

19:30In terms of spreading the message. They also work for the Federal Reserve Bank, so that's why they want their money back. I don't want to cast aspersions on them. For whatever reason, they say we failed them, both of them. The message is spreading. I think it's important to note that. The 2024 conference had about 400 live attendees. This had 600 live attendees. The 2024 conference had 670 live stream attendees. This one had almost 1 ,500 live stream attendees. And those growth statistics are reflected elsewhere in my database. The rule investment management subscriber database now exceeds 92 ,000 double opt-in subscribers.

20:27And 14 ,000 people are regular attendees to the rule classroom. So the audience around precious metals and natural resources is expanding. The other interesting thing that happens, Robert, and you know this, for years serving this community. For years, the community looked like me. old, bald, white, rich, you know, uh, the demographic is getting much more young. It's getting much more, uh, international. There were attendees from 33 countries at the conference this year. And for the first time in my life, uh, the new subscribers to our services are 30 % female. we have never seen young women in the gold space but we're seeing young women come into contrarian investing contrarian securities precious metals and natural resources from an international base in really truly unheralded levels i've never seen anything like this right but the thing is of this to be very optimistic if you ever wanted to get rich quick don't miss this boat Do you know what I mean?

21:40It's shoving off right now. And if you're still saving fiat or fake money, like I hate to say this being Japanese, Japanese, they save cash and they love cash. And I've always saved gold and silver. And I just, you know, once I understood what Nixon was doing and what they took, Johnson took the silver out of our coins. I said, why would you save fiat? fake money and that was kind of my wake-up call and i've gotten very rich just because i don't save cash i save gold and silver and that's that's the difference i think the uh the demonstration of that isn't just this last year where gold was done well uh people on shows like this for a long time asked me when gold was going to move and i'd scratch my chin sagely robbers and i'd say well i I think gold's going to move in the year 2000.

22:38It's up 9 % compounded for 25 years. Gold is two things. Gold is about not getting poor slowly. And if you're aggressive and if you can afford to be aggressive in silver, which tends to outpace gold when a bull market really truly gets underway. or, and if you're willing to work hard and invest in the gold stocks or silver stocks, which tend to even outpace the metal, albeit with much greater risk and much greater volatility, what you say is very, very, very true. Anybody who looks at the graph of the XAU or any of the gold and silver indexes understands that when you move into a real precious metals bull market, the upside volatility is unlike almost any other financial market on the planet.

23:29Well, it's exactly as you said. How do you get poor? Slowly at first and then suddenly. Well, it works the other way, too. I hate to say this. I'm going to say something very sacrilegious, Rick. I sold 4.5 million in gold. But my basis cost was 300. Right. Do you know what I mean? And I paid cash for my house. So I walked into this house. I said, I'll take it. and my gold is stored in a place called Lichtenstein because I don't want to be a 1933 again where they take my gold. So I just walked in and I said, I'll take, so I paid$4.5 million. My basis is$450 ,000 just because of when I bought it.

24:16And your date is exactly correct. It was$2 ,000. Do you know what I mean? It's hugely important. Listen, one of the things I do is I maintain an alternative statement of account as a thought exercise. And I have since the year 2000, measuring my income, my net worth, and my expenses in both gold and dollars. And if you do that, what you're struck by is how cheap food is, how cheap gasoline is. If you measure it in the golden constant, price of gold was up$250,$255 an ounce in 2000. you're astonished uh by the difference in value between your gold savings and your dollar savings yeah today you know today gold is thirty four hundred dollars and in 2000 it was about 300 right and then today silver is about 38 i remember it was a buck or something and you know and uh so let's finish up because i'm a it's that what's the definition of a liar it's a gold prospector sitting next to a hole and uh you know i've taken i've taken companies public i took a silver mine public and then we sold it to yamana and uh then i took a gold mine public in china i took it on the toronto stock exchange and guess what a chinese nationalized so I don't eat Chinese food anymore you know what I mean but Rick I found out the hard way what the word country means if you don't do business in countries they don't respect the rule of law right it's very simple and then I took a gold mine public with Baron Catoosa in Salt Lake City and I felt a lot happier because we're on American soil I need to say it depends on where in American soil.

26:16The biggest single experience with political risks that I've ever had personally was discovering a mine that went under 2 million ounces of gold. Sadly, in the People's Republic of California, seven miles from the wrong side of the California Nevada line. And that was an experience I will never forget. I've actually personally been treated better in Congo. Basically, I agree with you about the American concept of the rule of law, but I would prefer myself to be in Texas, Wyoming, Nevada, or Alaska as opposed to the other states. Well, that's why it's a rural investment conference. And I think I love the bunch of conferences that you have real people there.

27:04You know, you don't have a bunch. You don't have a bunch of fund managers. it'll be a pleasure to have you there uh i'd be honest i mean i love it i love it fantastic because i've been one of i was one of those guys you know the putzing around talking to the miners and all this i think not right but that's how i learned i talked to the miners and uh last thing i want to ask you is that if people are talking about silver now your opinion on that but also isn't there a this is what i understand gold goes first then silver then the miners I mean is there something like that is that the sequence of order of fire my experience Robert is that gold precious metals in bull markets are led by gold they're led by physical and they're led by fear buyers yeah they're led by people maybe pessimists maybe not just people who are Don't like the arithmetic of fiat currency denominated securities.

28:10I'm one of them. Yeah, me too. When the momentum and the bullion begins to expand the producer's margins, the big gold stocks move next. And we've seen that. Franco, Wheaton, Agnico Eagle, they've all doubled in 12 months. At some point in time, that movement, that momentum attracts the generalist investor into the gold space. Yeah. And the gold space is so small, it can't accommodate the money. When that happens, leadership goes from gold to silver. And by the way, you will not need Robert Kiyosaki or Rick Rule to tell you when that happened. It's a truly, truly, truly dramatic event. And then the end of the precious metals bull market is when the money trickles down into the junior miners and the junior producers.

29:02And those moves are truly insane. Playing requires a lot of education. It requires a lot of discipline. I would suggest that probably 85 % of the junior miners are valueless. But that 15%, they generate such robust performance that they had legitimacy and even luster to a very rough sector. You described the chain perfectly. Silver will come after when the generalist money comes out of the space. Our mutual friend, Doug Casey, described that event, the generalist money coming into the silver market, as attempting to siphon Hoover Dam through a garden hose. He has a way with words, doesn't he? He does.

29:48But the other thing is that isn't there a shortage of silver? That's what I keep hearing, the LBMA, London, Bullion. They're actually taking delivery of that stuff. I would argue that the shortage is really about the fact that there's too many paper contracts. The futures markets many days trade 200 times the amount of silver available for good delivery within 90 days. That's a really leveraged market. And if you really begin to change the balance between the futures market and the spot market, and I'm not saying it'll happen or it won't happen, that's what the shortage is all about. Right now.

30:39Wasn't JP Morgan fined for playing games with silver? You know, people say that the markets are manipulated. All markets are manipulated. It's just that the silver market is so skinny. that the potential penalty, I don't mean governmental penalty, I mean market penalty for manipulation, is extremely high. I remember in the decade of the 70s when silver markets were manipulated up because that was the easiest way to manipulate them. And I suspect that trading desks will do that again. J.P. Morgan amongst them. I remember the Hunt brothers. you know so I went to 50 bucks and then gold went to 700 yep I thought it was I thought it was Midas with Donald Trump or something geez I'm a genius you know I remember that with pleasure yeah so let's please unabashedly promote your symposium and I highly recommend people going there and speaking to real people not a fund manager so please promote your event for next year and if I might, any of your listeners who like what I have to say about natural resources can personalize it.

31:55Go to my website, ruleinvestmentmedia.com, list your natural resource stocks, and I will personally rank them one to 10, one being best, 10 being worst. I'll comment on individual issues if I think my comments might have value. It's absolutely free. Ruleinvestmentmedia.com, list your natural resource stocks. I personally will rank them, and I will send you information about the conference. You have no idea what that means because when I was first up in Vancouver years ago looking at gold mines, that's what everybody says, you must be the biggest liar of all because there's no stock exchange worse than Vancouver.

32:33And I was cruising around up there and they said, are you a crook? And I went, no, no, no. But it's such a lot of bullshit, if you know what I mean. a lot of life a lot of things so when is your conference and thanks for offering that service evaluating our stocks the next conference is the second week of july 2026 i should mention that if you go to rulesymposium.com the recordings of this year's conference are for sale you can use the recordings for the rest of the year absolute money back guarantee play it don't think i gave give you your money's worth? No problem. I'll give you your money back.

33:11Well, thank you. Thank you. So on my front, Rick, appreciate it. You know, like I said, everybody wants you to know this. Rick is so respected in industry, stacked with liars. So that's the highest cop-up that I can give you. If you can stand out amongst all the other characters, you're doing a good job. Thank you so much, Rick. Thanks for being part of the Rich Dad Radio Show. Thank you. And we'll come back with the final work Again, Rick Rule, thanks very much.

33:47Welcome back, Robert Cusack, the Rich Dad Radio Show. I want to thank Rick Rule, and please go to his website. His offer to evaluate, especially mining stocks, is priceless, because as we talked about, it first goes gold, and gold's already moved. then silver and then mining stocks but mining stocks are probably the highest risk just because mining stocks the expenses are so high and the risk is so high but the rewards are huge so anyway I want to thank Rick Wool for that and just to remind you the reason Rich Dad was formed was because if you read Rich Dad Poor Dad there were three rules why Rich Dad had was that number one was that savers were losers.

34:36And the reason they're losers is because they save U.S. dollars. And the other one was your house is, the rich don't work for money. They work for assets because money is trash. And the third is that your house is not an asset. And those three rules for my rich dad have kept me sane. And as I said, I just bought my last house, and it was 4.5 million. but I paid for it with gold, and the gold only cost me$450 ,000. So when you save cash, real estate gets more expensive. When you save gold or silver or Bitcoin, houses get less expensive. And the final word is this. Every time you print fake money, the rich get richer, and the poor and middle class get poorer, because the rich invest in assets, but the poor middle class their milk, egg and cheese gets more expensive as well as their house so that's the problem with fake money once again thank you to Rick Rule please check out this symposium and thank you for being fans of the Rich Dad Radio Show see you next time

35:51this podcast is a presentation of Rich Dad Media Network