Welcome to the twenty fourth episode of the Cash Flow Academy! Today, Andy Tanner is talking about a recent meeting with the top financial minds inside the Rich Dad organization. They talk about one of the most important and timely topics, gold investing.
02:05 Talking about James Rickards new book “The New Case of Gold”
03:06 The single point of failure of the dollar is confidence
05:20 What is money? (going beyond the basics)
08:09 Gold contains all the valuable elements chemically and financially
09:41 Arguing the case: Gold IS NOT an investment
12:53 Why gold is not a commodity even though it’s traded on commodity exchanges
13:40 Should you invest in gold ETFs?
14:56 The history of the monetary collapse – going off the gold standard
15:15 Who’s buying the gold right now and how it affects you!
16:15 Understanding gold provides a frame of reference for the future
17:48 Look at gold as protection and insurance not an investment
21:21 Going social (paper) to primal (gold)
22:39 How gold is an insurance
26:10 The differences in ETFs, Real Estate, Stocks and Gold
29:41 What confidence do we have in the dollar?
30:25 Gold is a stored value
33:08 Wrapping up on how gold may or may not fit as a purchase