The Future of the Gold Standard and the Collapse of the Dollar – Robert Kiyosaki, Peter Schiff

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In this episode, Robert Kiyosaki is joined by economist Peter Schiff to discuss the potential return to the gold standard and the implications for the global economy. They delve into historical events like Nixon's 1971 decision to take the dollar off the gold standard, the economic consequences of this move, and Schiff's predictions for a future financial crisis. Peter Schiff shares his views on gold as real money, the flaws of the current monetary system, and what actions individuals should take to protect their wealth. The discussion also touches on the role of BRICS nations, the potential risks of a Fed coin, and the impact of a dollar collapse on the American standard of living. This episode is packed with valuable insights and is essential viewing for anyone concerned about their financial future.

00:00 Introduction
01:35 Historical Context: Nixon and the Gold Standard
04:11 Peter Schiff's Perspective on the Gold Standard
08:53 Impact of COVID-19 on the Economy
10:52 The Role of BRICS and Future Economic Predictions
14:37 Potential Return to the Gold Standard
17:06 Fed Coin and Inflation Concerns
21:44 Final Thoughts and Advice from Peter Schiff
24:10 Conclusion and Farewell
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Disclaimer: The information provided in this video is for educational and informational purposes only. It should not be considered as financial advice or a recommendation to buy or sell any financial instrument or engage in any financial activity.

The content presented here is based on the speaker's personal opinions and research, which may not always be accurate or up-to-date. Financial markets and investments carry inherent risks, and individuals should conduct their own research and seek professional advice before making any financial decisions.

Cameron Long

  • @OmopeYoung says:

    Thank You

  • @sepb3862 says:

    1 hour of Peter Schiff is a masterclass in Austrian Economics. He explains free market capitalism better than any other economist.

    Thank you for having him on. Great to see these 3 greats together teaching financial education. 🙏🙏🙏

  • @wimvanaerde6249 says:

    Peter Schiff is the best

  • @FrenchChefatYourHome says:

    peter is best!

  • @abnashibanga2806 says:

    Our money is fake, so true Fake is a brilliant read thanks Robert

  • @MotivateMindssett says:

    Very informative topic thanks guys

  • @WhiteManXRP says:

    WE ARE FEW BUT ” WE GET IT “, haha
    Robert is in his glorys, let peter hammer it home… Great Stuff

    nothing more needed

  • @WarringHostMakinSatanToast says:

    *Let us watch what President Donald J. Trump does when he is returned back into the authority & power position by GOD’S VERY HAND.* God warned the righteous and the unrighteous (wicked) in Haggai 2:8, *”The silver is Mine and the gold is Mine, declares the Lord of hosts.”* Those words should cause the wicked to be very concerned. *GOD WILL TAKE BACK WHAT IS HIS,* and He warns the wicked holding His silver and His gold in James 5:1-3, “Come now, you [wicked] rich, weep aloud and lament over the miseries that are surely coming upon you. Your abundant wealth has rotted and is ruined, and your garments have become moth-eaten. Your [fake] gold and your [fake] silver are completely rusted through, and their rust will be testimony against you and it will devour your flesh as if it were fire. You have heaped together treasure for the last days.” Pondering this, God puts silver 1st in His pecking order, but the wicked put gold 1st in their pecking order. *LET’S WATCH GOD.* We’ve entered some amazing days for sure!

  • @alexr3431 says:

    Great video. Thank you.

  • @Chak-Espino says:

    I really appreciate the stats and Data that you and others puts together for us daily, If you invest right now in Bitcoin, the sky is limit. If you invest in gold, you have my sympathies. I was a Peter Schiff customer disciple since 2010. Very disappointing returns. Perth mint silver. Negative returns. The government has gold and silver locked down. They aren’t going anywhere significant. I don’t know what many youtubers are talking about with assets. Most stocks give no dividends and when the company goes bust stock holders usually get zip, nothing. No risk. No reward……. it’s so sad that many are so powerless and it’s not about guessing the market’s next move; it’s about playing it smart and steady during trading…managed to grow a nest egg of around 2.3Bitcoin to a decent 19Bitcoin in the space of a few months… I’m especially grateful to Francine Duguay, whose deep expertise and traditional trading acumen have been invaluable in this challenging, ever-evolving financial landscape.

    • @Chak-Espino says:

      Francine Duguay program is widely available online.

    • @LegacyShop-zn3jp says:

      I appreciate the professionalism and dedication of the team behind Francine’s trade signal service.

    • @Myshuw says:

      Trading with an expert is the best strategy for beginners and busy investor s who have little or no time to monitor their trades.

    • @bluejeremydragon says:

      The key to financial stability is having the right investment suggestions for a diverse portfolio. Many investment failures and losses happen when you invest without proper guidance.

    • @efrinajolie says:

      It was quite challenging to understand the different trends on my own until i found out about Duguay. Trading made easy.

  • @tinkukumar-tu4qt says:

    Apparently, the guy doesn’t know about the Unimantic platform, where you can passively earn money on cryptocurrency.

  • @investmentgg213 says:

    in my opinion, it is better to gain money than to lose it, that’s why I work with unimantic project, it is the best of all lines of projects at the moment.

  • @CamillaStenmark0 says:

    I am so happy that I made productive decisions about my finances that changed my life forever. I am a single mother and I live in London, I bought my second house in September and I hope to retire next year at 40 if all goes well. thanks to Louise O’Brien for helping me achieve this.

  • @nicolasbenson009 says:

    A weak dollar can signal an economic downturn, making me to ponder on what are the best possible ways to hedge against inflation, and I’ve overheard people say inflation is a money-eater thus worried about my savings around $200k

    • @BridgetMiller- says:

      The stock market is a way to hedge against inflation. Most notably amidst recession, investors need to understand where and how to allocate funds to hedge against inflation and still make profits.

    • @berniceburgos- says:

      in my opinion, the impact of the rise or fall of the U.S. dollar on investments is multi-faceted but learning how to grow your money has never been easier than now that you can explore and experience a truly diverse marketplace passively by using a well-performing portfolio-advisor.

    • @tatianastarcic says:

      It’s often true that people underestimate the importance of financial advisors until they feel the negative effects of emotional decision-making. I remember a few summers ago, after a tough divorce, when I needed a boost for my struggling business. I researched and found a licensed advisor who diligently helped grow my reserves despite inflation. Consequently, my reserves increased from $275k to around $750k.

    • @Michaelparker12 says:

      Mind sharing info on the adviser who assisted you? been saving for pension since age 18 – company scheme. along the way I hit higher tax, so I added to my company pension with a SIPP (tax benefits) I’m 46 now and would love to grow my finance more aggressively, there are a few cars I still wish to drive, a few mega holidays, etc.

    • @tatianastarcic says:

      Finding financial advisors like Melissa Terri Swayne who can assist you shape your portfolio would be a very creative option. There will be difficult times ahead, and prudent personal money management will be essential to navigating them.

  • @GillerHeston says:

    Given the persisting global economic crisis, it’s essential for individuals to focus on diversifying their income streams independent of governmental reliance. This involves exploring options such as stocks, gold, silver, and digital currencies. Despite the adversity in the economy, now is an opportune moment to contemplate these investment avenues.

    • @joshbarney114 says:

      The pathway to substantial returns doesn’t solely rely on stocks with significant movements. Instead, it revolves around effectively managing risk relative to reward. By appropriately sizing your positions and capitalizing on your advantage repeatedly, you can progressively work towards achieving your financial goals. This principle applies across various investment approaches, whether it be long-term investing or day trading.

    • @rogerwheelers4322 says:

      I agree, that’s the more reason I prefer my day to day investment decisions being guided by an advisor, seeing that their entire skillset is built around going long and short at the same time both employing risk for its asymmetrical upside and laying off risk as a hedge against the inevitable downward turns, coupled with the exclusive information/analysis they have, it’s near impossible to not out-perform, been using my advisor for over 2years+ and I’ve netted over 2.8million.

    • @FabioOdelega876 says:

      I think this is something I should do, but I’ve been stalling for a long time now. I don’t really know which firm to work with; I feel they are all the same but it seems you’ve got it all worked out with the firm you work with so i surely wouldn’t mind a recommendation.

    • @rogerwheelers4322 says:

      I definitely share your sentiment about these firms. Finding financial advisors like Marisa Breton Dollard who can assist you shape your portfolio would be a very creative option. There will be difficult times ahead, and prudent personal money management will be essential to navigating them.

    • @FabioOdelega876 says:

      Marisa has the appearance of being a great authority in her profession. I looked her up online and found her website, which I reviewed and went through to learn more about her credentials, academic background, and employment. She has a fiduciary duty to protect my best interests. I sent her an email outlining my objectives and also booked a session with her; thanks for sharing.

  • @dilara4130 says:

    I was a stay at Home mom with no money in my IRA or any savings of my own, which was scary at 53 years of age. Three years ago I got a part time job and save everything I make. After 3 years, I am 56 yo and have put $9,000 in an IRA and $40,000 in my portfolio with CFA, Abby Joseph Cohen. Since the goal of getting a job was to invest for retirement and NOT up my lifestyle, I was able to scale this quickly to $150,000. If I can do this in a year, anyone can.

    • @aydin6219 says:

      I know this lady you just mentioned. Abby Joseph Cohen Services is a portfolio manager and investment advisor. She gained recognition as a former employee at Goldman Sachs; a renowned investor she is. Abby Joseph Cohen has demonstrated expertise in investment strategies and has been involved in managing portfolios and providing guidance to clients.

    • @ryancihet555 says:

      How do i reach her, if you don’t mind me asking?

    • @aydin6219 says:

      Well her name is ‘ABBY JOSEPH COHEN SERVICES’. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.

    • @ohmakure4716 says:

      Been debt free for two years thanks to Abby Joseph Cohen Services. So sad to see my friends in their 40s with car loans, mortgages and credit card debt.

    • @AhlfieldMontalto says:

      Abby Joseph Cohen hooked me up with a late-stage fund that got me in on private shares of some hot companies before they hit the market or blew up. Those investments totally paid off when the companies went public and their stocks shot up. Now, I’m stoked because I’m heading into retirement with almost a million bucks in my portfolio.

  • @vulaiminh8135 says:

    I often dont watch shows of Uncle Robert but even when i watch i learn new things, what are suprised when we know our position as a debtor in the inflation times

  • @xegabberihu5778 says:

    Robert and Kim we love ur teachings. (from Ethiopia)

  • @MAanderson153 says:

    We are living in a central planned economy where every good thing seems controlled, from real estate to stocks and now gold. I’m open to ideas how to safeguard and grow my wealth amid high inflation, can’t let over a mil lose its value by just sitting in my bank.

    • @fromthebirchwood says:

      buy bitcoin! it is decentralized and most secure, thus healthy competition among many miners

    • @LupeBaptista says:

      I think you’re better off speaking with a certified market strategist, they can help with pointers on equities to acquire

    • @arlenehill4ril says:

      Right, when it comes to situations like this, having a seasoned advisor diversify your portfolio for high performance is ideal and thankfully, I can attest to this approach, seeing my holdings of $800k grow by 240% in barely 3 years.

    • @Charlesman_T says:

      @@arlenehill4ril how to put my money to work has been my daily thought, did my research and most suggestions pointed at the stock market, the thing is i’m an absolute noob at investing.. mind sharing info of the advisor guiding you please?

    • @arlenehill4ril says:

      Karen Lynne Chess is my FA. Just google the name and you’d find necessary deets. To be honest, I almost didn’t buy the idea of letting someone handle growing my finance, but so glad I did.

  • @SarahtheElephant says:

    In today’s world it makes way more since to keep gold in tech and jewelry. Admittedly came in as a skeptic, but in looking for why a shift back towards gold is needed, the answer from this video has a focus on that it’s how we used to do things, and to have a basis on a tangible object. Not bad arguments if we were starting from scratch, but I’d like to fix the problems in the current economics by moving forward, not backwards.

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