- [Announcer] This is
the Rich Dad Radio Show, the good news and bad news about money. Here's Robert Kiyosaki. - Hello, hello, hello. This is Robert Kiyosaki,
the Rich Dad Radio Show, and this is the first radio
program from my new office, was set up. You can see back this is this thing here, and hanging from a stand is a globe. And what the globe represents is from my friend George Gamon. He says, "The economy is a little gondola hanging on this big hot air balloon." And as we all know, that hot air balloon is
getting bigger every day. So this is my new home office. Got a little, my flip chart
here, my little globe. But anyway, I'm very happy to interview
a great friend of ours. His name is Jay Martin. He puts on the fantastic
VRIC Vancouver Resource Investment Conference, VRIC, and I will be there speaking
at it on January 29th and 30th in Vancouver, British Columbia. So we're talking today about
why if you don't have gold, and I mean physical
gold or physical silver, you better start doing it
now because the US dollar, although Jay is Canadian, he can see sometimes
clearer than Americans can, how screwed up our dollar is. So Jay, welcome to the
first initial program for my new office at
the Rich Dad Radio Show. - I'm happy to be here, Robert. It's good to see you. - Good seeing you. So yesterday I panicked,
gold push 2000 US. I don't know what it is
in Canadian in the loony, but I think next stop is 5,000 for gold. And it may take another
five years, but I think it, this here is a real
gold coin and my first, the first one I ever bought was in 1972. I bought it in Hong Kong
and I paid $50 for this. And today it's $2,000
plus, plus, plus, plus. And this also is a silver coin. This is rail silver. I don't like fake money. And that's why this Vancouver
Resource Investment Conference is important, because you
come to hear about why if you don't have gold and
physical, gold and silver, you should have some now. So welcome to the program Jay.
- I'm happy to be here. Robert, looking forward to this. - How long have you been doing the VRIC. - The show itself is over 20
years at this point, 27 years, and I've been running it
for 12, the last 12 years. And so, as you know, the
bulk of those 12 years have been a pretty bearish
market for precious metals and a couple false starts along the way. And what I'm seeing today
is what you're seeing, I think a lot of individuals are realizing they might be getting
caught a bit flatfooted by having zero exposure to historic money. But I feel a bit of a mission, like I feel driven at this
conference, Robert, honestly, to communicate the importance of that, especially to people in the
West because as you know, culturally in the West
were sold this story that gold as a pet rock,
they, it delivers no yield, that has no value, et cetera. And we hear this from people
like the Oracle of Omaha, for example, right? Gold's a pet rock, whereas a
lot of countries in the East, people are encouraged, civilians are encouraged
to buy gold jewelry, to store wealth in gold. And we're sold an opposite
story in the West. And I think it's gonna catch
a lot of people flatfooted. - But also as the thing is, you are in the industry and most Americans are not even close to the industry. Most Americans are into paper
like bonds and the dollar, US dollar.
- Right. - But right now, what Jay knows is us massive
movements of gold and silver moving to China and India. What's going on with these
massive movements of gold? And what do you think the
Chinese and Indians are up to? And Russians? - Yeah, yeah. I think that the fragile
trust that we've had globally for the last 40 years has been shattered. And I don't think it's going
to be repaired in my lifetime. And so countries like China, it's in their best interest
to prove to the world that they have a stable,
trustworthy currency. And the best way to do that is
to fill your vault with gold, something that we haven't,
again, done in the West. And if you want to take, for example, if you're China and you want
to go to the Saudis and say, "We wanna pay for oil
in Chinese currency," the first thing the
Saudis are gonna say is, "Why should we trust Chinese currency?" And if you have a vault full of gold, there's a lot more
supporting that statement. Now, we've seen Central Bank
gold purchases accelerate to a rate faster than
they have in 50 years. So that should raise your eyebrows. That's physical gold being
taken off the market. That's a massive event. You gotta ask why, but more importantly, you
gotta ask what happens next. This is a finite resource, and we're not only seeing
Central Bank purchasing, we're seeing Central Bank
repatriation, which is to say, countries that historically
were comfortable storing their gold in London or New York now want it within their borders. Germany's a great example. It's a country who's historically stored their gold in New
York, because Europe, it's a crowded continent. Many countries, many
nations, tight borders, it always descends into
war as a consequence. That's the history of Europe. So Germany was more comfortable
storing their gold offshore, but now when there's an actual
hot war occurring in Europe, they're more comfortable with their gold within their
borders. That's very telling about how they're seeing
the future right now. Lots of volatility. - And what's going on with China, I mean, the reason China is as you know, I started my first gold mining in China and I took the company, I think it was called Mondora Mining, and we took it public on
the Toronto Stock Exchange. And we struck gold in
China in Dalian Province. And I found out what
counterparty risk means and country risk means, and that's what most people
don't understand about gold and silver, where it's stored, where God created gold and silver are in some of the most
dangerous countries who really don't like America. So here I am, this is back, I forget now, when it was in long time ago, it took the company public
on Toronto stock exchange. And about two years later, we struck gold in China and
the Chinese came over and said, "Thank you very much" and took it. So I want you to know there was, I was a billionaire for
about a couple of years, and then the Chinese took my gold mine and it was tough, I mean, so the thing called counterparty
risk or country risk. So it does seem like gold and silver and many of our precious resources are not held on what I
would call friendly soil. Any comments on that? - No, I think that counterparty risk from a country standpoint is
gonna increase dramatically because if we're departing a world where there was some kind of a fragile, but there was trust, fragile or not, and we're no longer operating that way, we're into a scenario where it's more every
country for themself, right? You can't rely on allies you
used to be able to rely on, to protect supply chains, et cetera. We're in an energy crisis,
we're in a food crisis, right? We're very much in every
man for himself scenario, globally speaking. And so if you've got valuable deposits and resources within your borders and you can't trust the allies
you used to be able to trust, to protect your supply chains, then what's in your best interest? It's to take those resources
and take that value, I mean, even if they're
squandered and usually they are, when resources are nationalized, they're not effectively produced. But I think geopolitical risk is way more significant than
it was even five years ago. - Yeah, so I ran out yesterday, picked up this gold coin when they come in these sleeves like this and the reason was it
pushed, gold pushed $2,000. And I went, "I think it's beginning." So like Jay said, at best
for the last 15 years, it's been a bear market. Nobody really wants gold or silver. They're happy with the US treasuries and paper dollars and paper stocks. But now when you look
at that hot air balloon hanging over there, after 2008, they kept blowing the balloon
bigger and bigger and bigger. And now that little gondola
hanging below is the economy and it's hanging outta this
massive hot air balloon of fake money. So yesterday I went, "Oh my God, this is what I've been
waiting for all these years." So I ran out and bought some, but I wanna give a plug to this book here. This is called Who Stole
My Pension with myself. Ed Siedle and myself wrote this book and what happened in 2008, which caused the hot air
balloon to be blown up. Ben Bernanke was our fed chair, Federal Reserve bank chairman. They printed, when the
economy collapsed in 2008, they called the Lehman Brothers moment and Lehman Brothers went down. My prediction is we're gonna
call it the Pension moment because pensions all
over the world are empty and every time Jay Powell
our secretary, not secretary, but head of the Fed, Federal Reserve Bank pumps more money out there, the more dangerous it gets for people. And when they raise interest rates, the stock market comes down. So I'm saying this to
all the baby boomers, the old guys my age. If you're born between
1964 and 1950 something, that your pensions are gone, your 401K is toasted and people
are still saving dollars. And I think what's gonna happen, Jay, is when people find out
their pensions are gone, this is all over the world. I think the Federal Reserve
banks, the Bank of Canada, the Bank of England, they're gonna have to start
printing even more money to make sure the old guys and baby boomers have some kind of money to retire. So that's why when I saw gold top 2000, I said I'd better get off my butt because the first one
I ever bought was $50. So what I paid $50 for back
in 1972 is now worth 2000. What does that projecting
for in another 10 years mean? So all the old guys and
boomers are scrambling around our social security is bankrupt. But the majority of baby boomers, my US baby boomers are
county on social security and it's bankrupt. So as a Canadian looking down
on the 48 or 50 states here, what do you see going
on in the US economy? 'Cause you see it from the
same point of view I do. Which is precious metal side, but would you trust the US dollar and the US stock market right now? - No, god no. Absolutely not. And if I were to make any projections about how the remainder of
this decade will play out, it's how the first few
years have played out. It's been this increased
unpredictable chaos and volatile scenarios. And I think that party's
honestly just getting started. And I'm not a doom and gloom guy. Like I'm long human ingenuity. I think that we're a
very impressive species and we'll always find solutions, but there's gonna be some
very challenging years ahead. Your pension scenario is
really interesting to me because I'm very curious
how that's gonna play out. It's like the ultimate example of how counterparty risk
can go very, very poorly. When you put your trust, you put the trust of your retirement in somebody else's hands. What happens if they
can't deliver on that? And yeah, Canada's in the same scenario, we'll print to try to
solve that problem, right? To give our civilians
something to retire on. But when you're dependent on somebody else to finance the balance of your life, that's a very, very uncertain situation. And right now, I'm sure the
numbers are the same in Canada, I'm actually more familiar
with the United States, but it's like one third of
people have zero savings, they can retire on, another third have extraordinarily limited that would require them to reduce the standard of their
living in retirement. That's a lot of people. And that's gonna be a lot of angry people because they were sold a story
that now can't be delivered. And so you look at all the
expressions of civil unrest that have occurred over
the last three years, it's just getting a bit more heated. And this is a really big one. This is a really significant one. I don't know how it's solved. It's terrifying to me. I'm glad that you brought it up. I feel really fortunate
that I can maybe watch, I can sort of see this coming right now. And I feel really fortunate that, I guess at a young age was
introduced to concepts like precious metals and personal sovereignty and a bit more of a libertarian mindset because I think that
is spreading right now and it's really positive
that it's spreading because people need to take control. It's very, very important. - So just give an idea is that again, I bought my first coin in 1972. I was a pilot in Vietnam and I had to fly behind enemy lines. The reason to fly behind enemy lines was at one time it was not, at one time this gold mine
was in US hands, right? But the North Vietnamese
army rolled south so fast that the mine was now in enemy hands. And Nixon had just taken
the dollar off the gold set at August 15th, 1971. And I was footing around and said, "I have time, I'll go buy
some gold from this mine." And the next thing you know, the North Vietnamese army rolled south and this mine is now in enemy territory. So I thought if I flew behind enemy lines, I might get a discount
from the gold dealer. And what she was is a little tiny Vietnamese
woman with red teeth. And I go walking up to her and she wanted 50 bucks
for a piece of gold and I've said, "50?,
you're behind enemy lines, I'll give you 40." And she goes, "Spot." I said, "What the spot mean? Do I have a spot on my
shirt or something?" Spot, and all of a sudden
this little Vietnamese woman educated me, my lights went on. Gold and silver are God's money. They're put here on planet Earth. They're not manufactured
out of trees called paper. And so this woman's yelling spot at me and I realized that moment why Nixon taking the dollar
off the gold set in 1971 was so important. It just blew the whole global
economy into this bubble, which is that hot air balloon, little gondola be beneath it. And right now I think the end is near. So that's why when we come back, we're gonna be talking more
about why I'm so excited. I love going to the VRIC, the Vancouver Resource Investor Conference 'cause I go there to learn. And you got thousands of people, you've sold more tickets
this year than ever before. And the interests in
precious metals is increasing because people can see that
gondola is losing air right now. And my generation, we're a first generation
with what we call a 401K, in Canada it's called an RRSP. But basically, exactly as Jay says, you're putting your future retirement in the hands of somebody else. And our essential bags are printing that, that's what just happened
in England, right? They had to reverse and
start printing again because their pensions were going broke. So this whole thing goes
back to my generation, this Who Stole My Pension? Is that my generation of boomer generation is the first one that's
dependent upon the stock market for their retirement. Up to then, if I worked
for Ford Motor Company, Ford Motor Company was in
charge of my retirement. But what happened in 1974? Corporate America and
corporations all the world. So we don't want to handle
the retirement of old guys, the Boomers. So we're gonna put it in the
hands of the boomer themselves, but trouble with my generation
has no financial education. Neither does yours really either. And they started saving money, the government prints
it, they save stocks, bonds and mutual funds. And as every time they
raise interest rates, the stock market crashes. So that's why when we come back, I'd like to have you
discuss why I'm so excited about going to VRIC, on
January 29th and 30th, what will you learn? Who will be there? If you go to listen to me, you listen to me on Zoom, I don't wanna listen to myself any longer. So I want to come and
hear the other speakers of what they have to say and hopefully scare the crap out of you. 'Cause you'll take action. If you knew how close we are. Instead of a Lehman Brothers moment, we're gonna have a pension moment, which it started in 1974. All these pension stuff started to happen, then you might wanna attend the VRIC and get educated and talk to people who are really in the industry. So we come back, we'll be talking again
once again to Jay Martin. He's the president, CEO Cambridge House. And he puts on the very prestigious Vancouver Resource Investment Conference January 29th and 30th,
which I will be attending. I will be speaking there also, but I don't go to listen to me. And so we come back Jay, I want you to talk about
who will the speakers are, what people can expect to learn at a international gold conference. We'll be right back. (upbeat music) - [Announcer 2] Robert's
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go to richdadfree.com. That's richdadfree.com. (upbeat music) - Welcome back, Robert Kiyosaki
at The Rich Dad Radio Show, the good news and bad news about money. And today we have bad
news with the boomers. Your pensions are toast. They're empty. And the reason is what was
happening in the pensions was Wall Street was helping themselves. So people say, "Oh, I have a have a
good Wall Street broker." I said, "Well, they're stealing from you." And this book proves it here. My friends who became
pilots for United Airlines after we came back from Vietnam, they found out their
pensions were rooted also. So I have many classmates,
this is very personal to me, that as they retired, they found out their pension was stolen. So instead of a Lehman Brothers moment, we're gonna have a pension movement. But also throughout the world right now, interest rates are being raised, stock markets are crashing
all over the world. And the baby boomer
generation is now saying, "How do I retire?" But more importantly, it's not just the baby boomer, is the children of the baby boomers. What happens when mommy and daddy cannot afford to support
themselves anymore? Social security in America's gone. So Jay, what's gonna be
happening at the VRIC and who are some of the speakers and what can people expect to learn? I mean, I'm excited about going to learn more than hear myself talk. - Well, I'm excited to
hear you talk, Robert. It's a super fun event. We have over 100 keynote speakers that'll take one of our six stages over the course of two days. And we try to start with some
really important macro themes. And that's focusing on
de-dollarization, de-globalization. Are we entering some
kind of a new world order in terms of currencies and energy trade? And the speakers that we have, a lot of them are gonna be familiar to you and your audience. Individuals like Brent Johnson, Grant Williams, Mark Moss, Lynette Zang. You've got over a hundred keynote speakers that we fly in from all over the world. And we start with a lot
of important macro themes, that are gonna drive the flow of capital. I mean, my job as a retail
investor is to try to determine, where's the next avalanche of money going? And then I want to get there first. And getting myself in
front of that avalanche is how you change your life. How you add a zero to your net worth. And as we know, when the physical
metal price starts to run, there is an extraordinary
amount of torque to be found in the junior mining industry. And that's where you can consistently find those five x to 20 x returns if you're willing to do the work. And when I say do the work, I mean, come to the show and
hear from the experts, individuals like yourself, like Rick Rule, like Frank Giustra, like Ross Beaty, they're all gonna be on stage. Talking their book. I just tell them like, "I
wanna know where your money is. I don't care about opinions and forecast. Tell me where you're putting your dough," because that's the ultimate truth teller. And so it's- - The names you just mentioned, they're the rock stars of
the precious metal industry. - That's correct. - Frank Giustra, I've never met him, but I've always wanted to meet him. I've interviewed Rick Rule, but boy, that guy's brilliant when he comes to the whole macro economy. So most people are not macro, they're kind of stock market economy. But when you go precious metals, you go hardcore macro because
it sometimes includes oil, gold, silver, the hard
tangible assets, copper, which is huge, as electric
vehicles come online and as a geopolitical risk. Tension is a war in Ukraine, the possible war with Taiwan and China. That means gold is flowing everywhere. Except, wouldn't you
say that most Americans are sound asleep when it
comes to gold and silver? - I would say that, and I would say the same for Canadians, for example, right behind my head here, you can see that it's a
hundred ounce silver shell made by silver Gold Bowl. And when friends of mine come by and they see, gold coins or silver coins and all sorts of metal,
they're like, "What? What's the purpose of this? Where's the yield? I don't understand it." And if I have a personal
mission behind this event, it's to communicate that if you look back, I mean you can't study history and not have an appreciation for the value of precious metals. You just can't do one without the other. And sure, maybe there's very few
times within history that you actually need
to own gold and silver, but during those moments it's about the only thing you wanna own when big things change. And so, yeah, in our trade show at the event we'll have over 250 junior
mining exploration companies, development companies,
production companies in the metal sector and- - Can I explain something? The reason I'm so familiar with Vancouver was I was one of those
junior mining companies. - That's right, that's right. - And I was standing
there in my little booth and all of these sophisticated, hedge fund guys and all
that were walking by and I'm pushing my pushing
my little mining to you. And then we actually did find gold, like I said, in China and I took it public of
the Toronto Stock Exchange. So for a brief moment, all I had in that deal was about
a hundred thousand dollars. But the goal we found in China pushed me into the billion dollar mark. And so what every gold bug is doing, they're looking for that junior miner who's gonna take them to the moon. So when you get to the Vancouver Resource Investment Conference, you get to walk around and
talk to all the guys like me who are pitching their deals. I found gold here, I found silver there, I found this here, I found that there. And I just wanna give
one good happy ending to my China fiasco because I
spent so much time in Vancouver hustling deals at hustling investors. I learned a lot about the gold business. And this year, on July 8th, I took a gold mine public in Utah. But if I hadn't made all
those mistakes in Vancouver, I wouldn't have known
a great deal in Utah. And we found the richest
goal of mine in America. But because I was in
Vancouver 10 years earlier. So you come to Vancouver more
than just hit the triple, the 10 times, the 20 times the 30th, that one junior mind that
goes through the roof, you come for the education. And so I highly suggest people
just go from booth to booth and get as many of those
mining companies as possible as well, and listen to
the very senior speakers like Rick Rule and Giustra, to find out why you should be in gold. But that's why I'm very excited
about attending a conference on January 29th, 30th. But I paid for it. I paid my dues hanging out in Vancouver. - And that's what people want to hear. I mean, that's why I throw this event. That's why people come to it, so they can hear those stories. And individuals like Ross Beaty, he's delivered 14 companies
that have generated a 10x return to his shareholders. I mean, these really are individuals who have been in the
game for 40 plus years, in Rick Rule's case. He's been a vet for 40 plus years now. He reminds me every time he gets on stage that he's been in the
junior mining industry longer than I've been alive. But as a consequence, he's
got scar tissue, right? And you can hear those
war stories from him. And Rick's the first to tell you that he would've had to work half as hard and made 10 times as much
money if he knew now, if he knew when he started this
business, what he knows now. And if he'd only invested in the same four to six entrepreneurs. And so, yeah, it's very valuable when you
come to a show like this to meet the CEOs who are
gonna be having that adventure with your cash. Like, can you trust this human
being? It's hyper-critical. That's why we put everybody
in one room together. And there's one divergent theme that we're gonna cover at this show, and I just wanna mention it real quick because it's a bit of an outlier. But, we've seen, I know most
of your audiences in American, this shows up in Vancouver, Canada. So I've got some Canadian
specific content. And one theme specifically is, we're seeing a rise in
the provinces of Canada who are opposing our federal leadership. And this is very significant
'cause it would be like if a collection of states
rose up collectively and put forward legislation
to separate themselves from the decisions of federal leadership. And we're seeing that right now in Canada, which Canada rarely makes
international headlines. We've made a bunch in
the last 18, 24 months because of our federal
leader, and now the provinces, the equivalent of states have had enough. And starting with two right
in the center, Alberta, which is like the Texas of
Canada, produces all the energy. And Saskatchewan, which is
like, I don't know, Dakota, like it produces all the food, right? Have both put forward legislation, one being the Saskatchewan First Act, the other being the
Alberta Sovereignty Act, which are strictly geared
to separate themselves and protect them from measures put forward from the federal government, giving them the power to
deny federal decisions within their provincial borders. And the media in Canada
is covering this saying, Nobody wants this, the
public is scared of this," and then the legislation's put forward and it's voted in favor unanimously, bipartisans support within the provinces. So you tell me if people want this or not, and this is a battle that's
brewing right now in Canada. - So you're likely the trucker strike. - It's a continuation-
- Macro level. - Ripple effect. Yes, exactly. It's the ripple effects of that uprising and well as it's very real. - As an American, that
to me is interesting because, asking what do
Canadians think of Americans, but what Americans think of Canadians are nice, happy, peaceful people, then you guys need this trucker strike. And now you're saying that your provinces are going withdraw and succeed, like Montreal tried for years to succeed. - That's right. That exactly in 1995, and
they were remarkably close, they lost that succession vote by like, it was like 49.8% or something ridiculous. And I don't know if we're
headed to that exactly like a true separatist movement, but the steps are being put in place, that legislation's being put forward and it's being approved provincially. And so I've invited actually
two former premieres to come and join me on stage, one is the former premier of Saskatchewan where this legislation,
the Saskatchewan First Act was voted for unanimously. And his name's Brad Wall,
phenomenal gentleman, resource bull, I would say. And the other is Christie Clark, who's the former premiere
of British Columbia. And I would say she
plays the opposite role when it comes to provincial politics. And so I'm excited to sit
down and grill both of them in front of my audience who's
gonna have lots of questions about the direction of our
country and the provinces, because you have a country like Alberta laid in with natural resources, Saskatchewan, the same uranium oil, gas, but they're landlocked. They don't have access
to international ports, which is where a lot of
their grief comes from because our federal leadership has just stymied their ability
to export the resources that used to make Canada wealthy, right? This is, we've been a
resource economy forever. That's why we came to
the 2008 crisis richer than any other developed nation. And now we're just, we
have the German chancellor arriving in Canada begging for natural gas and our prime minister's saying, I can't make a sound
business case for that. It's like, "Well, we have it,
they need it, let's do this." But instead we promise hydrogen power of which we don't have
any, it's ridiculous. It's this more, this this virtue
game that's going nowhere. But I'm excited to see how it plays out. - Yeah. So people will be able to,
this is historic event. This is like the trucker
strike of not that long ago, but also it's gonna be
more business opportunities and investment opportunities for people who really wanna get
on what I call ground floor. Because I think it's kind of funny that I played rugby against you guys, Canadians all the time, and Canadians always go CA-NA-DA, most polite rugby players we knew, but now you guys are
turning into these rebels, taking on your buddy Trudeau. I mean, I remember his father Pierre, oh my God and his mother. But anyway, Canada is a very rich country. And for those of you who are interested in getting in what they call
ground floor and all this, I would go to the VRIC
January 29th and 30th to learn from some of the rebels up there who are going to make history because Canada is an
extremely rich country and with electronic vehicles
coming on to stay and all that, I attempted to start a copper mine also, outside of British Columbia. That was a tough job. But it's a tough business. And so that's why if all of
you who wanna understand, one of the biggest revolutions
going is in precious metals. But because we're gonna
have a pension crisis, social security crisis,
stock market crisis, and if you're saving US
dollars with a Canadian loony, you're crazy, because they're gonna
start printing like crazy. That's what just happened
in England, right? They had to start printing again because if they stopped printing, their pensions would go broke in England. So all that did was make the
value of the pound sterling worthless, worth less and less. So the same thing's
gonna happen in Canada, same thing's happening
in the US as we speak. And that's why that balloon with a gondola is hanging beneath of it, you look at America's
now 31 trillion in debt, after 1971 when Nixon took
us off the gold standard, we didn't have that much debt,
and now we're 31 trillion. If they push interest rates to 5%, that means the US taxpayer has to pay approximately 1.5 trillion in interest just on the US national debt. What is that going to do to the dollar? What is that going to do
with the Canadian currency? And here we are, some of the richest two
countries in the world, plus Mexico's extremely rich, but the average person has
no idea about gold, silver, copper, lithium, all the resources that are required to run an economy. So Vancouver is gonna be, I mean, I wish you had more time because I couldn't get around to see all the other little
junior miners out there. I'd be standing there in my little booth, talking about, I was pitching
my China deal and I was right. We took it public, but
then the Chinese took it. So my next goal, mine's in
Utah, it's a little safer. - Smart move. - Anyway, so, and I congratulate you for putting it on. Anything else people can expect to learn by talking to little junior miners and listening to the
big dogs like Rick Rule speak about what's happening
in movements of gold throughout the world? - Yeah, I mean, that's it, Robert. Every name that I mentioned, plus 90 more, we'll be giving 20 minute keynote speeches all throughout the conference. In addition, we do full hour deep dives into as many commodities as I
feel are relevant right now. We're gonna be going super deep into the supply and
demand economics of gold, of silver, of copper, of uranium. And because, as you mentioned, the base metals right now are probably poised to skyrocket as well. It doesn't matter which
direction the energy trend goes, the infrastructure required, the steel alloys required
are gonna put massive demand on copper and nickel. So lots of conversations, there's so many macro
threads occurring at once. And yeah, anybody who wants to come, there's tickets at cambridgehouse.com. It's up in Vancouver, British Columbia on January 29th and 30th. And it's super fun. The nice thing about these
events is if you wanna come and meet Rick rule, you've seen him give speeches for 10 years and you want to meet him just come, once he's off the stage
he always makes time to connect with the audience
as is everybody else. I encourage that from our speakers. They're on the floor to
connect, to answer questions, get photos, whatever
people are looking for. But it's a community event. It's super fun. - Yeah. And once the thing about the
difference between miners and stock players, like those
Jim Rogers who lives in, I think he lives in- - Singapore.
- Singapore now. - Yeah. - He wrote the book, Hot Commodities and commodities are gonna come
on bigger than ever before, but every time I deal with stock guys, they think they're off
on the wild blue yonder. The thing I like about commodity guys, they work with their hands. They're in the mines. I've been in deep down in the mine pits looking for gold and all that, so we're not as high and mighty and think we're better than everybody else as they do in the stock market. So anyway, again, didn't you say that you're
selling twice as many tickets to this show than last year? - Yes, yes. And I honestly, I don't
say that boasting, Robert. It's like, a question to me, why are twice as many people today interested in a junior mining or a resource investment conference than weren't 12 months ago? I mean, that speaks to the sentiment. And I can personally say I increased my physical gold holdings
by 50% this year, and I'm not a novel
thinker or a trendsetter, typically when I'm doing something. Yes, there's a wave of
people doing it too, and so I pay attention to that. - Yeah. I think, when
gold passed 2000, I went, "Oh-oh", that's like when gold
passed $50, it didn't stop. It didn't look backwards. And then it went to 800
and then pulled back, and then I went to, and I was just, and that's about to take
off again, in my opinion. I could be wrong. - Sure. - But given EVs electronic vehicles, the pumping of fake
money into the economy, the covid thing, Canadian
truckers going on strike, provinces going on strike, and Canada, Mexico and US
are extremely rich countries. And you come to the Vancouver
Resource Investor Conference to meet the little guys who
are digging around the world looking for some gold or silver
oil or copper to get rich. So for those of you with a more
adventurous spirit, Canada, Vancouver's one of the most
beautiful cities in the world, and I love your beer, your Labatt's beer, and it's really a great place. But I learned so much in Vancouver because I was hanging out with
thousands of entrepreneurs. I think everybody at
Vancouver is an entrepreneur and they're all pitching their deals, and I don't recommend doing any deal unless you check them out. But I learned more about
how to pitch a deal, what people look for in the deal, what made a good miner, bad miner, but you come to learn. And so that's why I'm very
happy to promote your show, the VRIC, January 29th and 30
Vancouver, British Columbia. Final words, Jay, final words. - I'm excited. I'm excited you coming in. We've got some amazing
panels with you, specifically yourself and Mark Moss and a couple others will be talking about the new world order. So much fun content. I mean, honestly, it's my
favorite two days of the year because I get to park myself on stage and grill individuals like you and try to get answers
to my biggest questions. So yeah, you're right. My first and foremost motivation is capital gains here, Robert, there's not many industries that can deliver those five x 20 x returns if you're willing to do the work. And that's what this show is all about. - Yeah, and if you're an
entrepreneur, this is your show. You come to listen to hundreds
of other entrepreneurs pitching their deals in
one space in two days. Anyway, congratulations on your success. I look forward to seeing you a few days in Vancouver, British Columbia. - Likewise. - So we come back, we'll be the final words with Sarah on the Canadian VRIC. And what do she thinks
about precious medals? We'll be right back. (upbeat music) Welcome back. Robert Kiyosaki at the
Rich Dad Radio Show, to show the good news,
bad news about money. I wanna thank Jay Martin
for being guest on the show. I invited him on, he didn't
ask me to promote his show. I'm promoting his show because if you think
you're an entrepreneur and you wanna strike it
rich in the hottest sectors, not technology right now, it's actually precious
metals and commodities. This is your show. And I learned so much about what it takes to be an entrepreneur, in Vancouver. I call them all the Frito Bandidos. They're Canadian, but they're all, everybody in Vancouver has got
some deal they're working on. So I learned how to pitch
deals, what made them good, what made them bad. And a lot of them were bad. But I had one of those, I took it public on Toronto Sock Exchange. My first company, we struck it, but then the Chinese took it. Now that's priceless. But this year I got my revenge and I took the Trixie Mine
public, which we found in Utah. So anyway, it's a good time. And this, you can tell you're pretty solid with the industry. This here is a silver bullet
sent to me by Dana Samuelson out of Austin, Texas, because
I buy so much gold and silver. He sent me a silver bullet. This is two ounces here. So Sarah, what did you think of the pro idea of
Vancouver and resources? - You know what I think? I think is so cool is Jay's a young guy and he is in what I think traditionally is considered an old man's field, resources and oil and uranium. I mean, for me personally,
I always just think, that's old money, but really. You are seeing guys
like Jay talk about it, like you're really capturing
the importance of this investment vehicle, right? Rather than holding
dollars or stocks or bonds, So I think it's super cool what he's doing and he's put together a heck of a lineup. If you go to the website, cambridgehouse.com, you
can see all of the speakers and the lineup. And of course you're
speaking and I don't know, I think what he's doing is
awesome for the next generation, the younger generation. We always talk about boomers
and their pensions being gone. And this is a way for those, under 40 to get ahead of the game. So they're not in their parents'
position when they're 65. - Right, I was in my thirties when I started attending those conferences just because it fascinated me. 'Cause this is silver
and I call it God's metal because God put silver
here, but this is gold. This is real gold and God put it here. But up to now, everybody's
been doing with paper and this and that, and flipping stocks and flipping real estate. I wanted to talk to the
real hardcore entrepreneurs. That's why. - That's a good point though, is like paper and stocks
is paper seems easy, right? There's a easy barrier to entry, try digging a hole in the
ground and finding oil, so I think there's that barrier. But I think the more we talk
about it, the more we educate, you're great at it. We've done several shows
on gold and silver. Especially with like Marin
Katusa and resources. And I think you're doing
great about educating about that piece that doesn't
get talked about a lot. - Yeah, because gold and silver, this is gold and this is silver. This is real money. And so that's why I was
attracted to Vancouver. I spent years up there putzing around learning from all these, I
call them the Frito Bandidos, because every one of them
was always pitching a deal. And I learned more about
entrepreneurship in Vancouver than I did in the States. So I wanna thank you for
putting this on Sarah. For those of you again, it's Jay Martin, he's the president and
CEO of Cambridge House, Vancouver Resource
Investment Conference, VRIC, January 29th and 30th. He didn't ask us to do this, I did this because for those who
are really interested in becoming entrepreneurs, this is one aspect of you
being an entrepreneur. So thank you all. Listen to the Rich Dad Radio show, and thank you Sarah. (upbeat music)
