Rich Dad Radio Show: In-Your-Face Advice on Investing, Personal Finance, & Starting a Business
Crash & Grow Rich – The Key: Don’t Wait for the Crash!
Dec 27, 2023
Andy Schectman, an expert in real assets and investing strategies, joins the show to discuss the opportunities in the current economy. They talk about the value of silver and the importance of gold and silver as wealth, the difference between gold and silver, the impact of inflation and investing outside the box, the importance of being a contrarian and mitigating exposure to the dollar, and the history of America's currency and the importance of real assets.
20:03
Episode guests
AI Summary
AI Chapters
Episode notes
Podcast summary created with Snipd AI
Quick takeaways
- Silver is in high demand due to its industrial applications and limited supply, making it a valuable tangible asset.
- In the current financial landscape, diversifying away from the US dollar and incorporating gold and silver into a portfolio can provide protection and wealth preservation.
Deep dives
Silver and Gold as Immutable Wealth
Gold and silver are considered as immutable wealth that has withstood the test of time, outliving world wars, hyperinflation, and pandemics. Unlike paper currencies, gold and silver have intrinsic value and have been recognized as a reliable store of wealth throughout history. These precious metals are not just investments, but rather forms of wealth that can be passed on for generations. Despite being undervalued in comparison to their historical ratios, silver, especially, is in high demand as it is used in various industrial applications, including green and digital technologies. The depletion of silver due to industrial uses and limited recycling further adds to its value as a tangible asset.
Remember Everything You Learn from Podcasts
Save insights instantly, chat with episodes, and build lasting knowledge - all powered by AI.
