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Rich Dad Radio Show: In-Your-Face Advice on Investing, Personal Finance, & Starting a Business cover image

The Future of the Gold Standard and the Collapse of the Dollar

Rich Dad Radio Show: In-Your-Face Advice on Investing, Personal Finance, & Starting a Business

NOTE

Prepare for Economic Uncertainty

The baby boomer generation faces significant risks regarding retirement due to potential economic downturns, specifically the dual threats of a stock market crash and a dollar crash. A stock market crash could be less detrimental than a dollar crash, where the stock market may appear to rise while the actual purchasing power and value of money decline. This scenario can lead to illusionary wealth, as exemplified by Zimbabwe's experience where the stock market increased, but inflation rendered currency nearly worthless. Baby boomers must proactively adjust their investment strategies to mitigate these risks and prepare for a future where nominal wealth may not translate to real purchasing power.

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