(upbeat music) - [Announcer] This is
The Rich Dad Radio Show. The good news and bad news about money. Here's Robert Kiyosaki. - Hello, hello, hello. Robert Kiyosaki. The Rich Dad Radio Show, the good news and bad news about money. And today we have a very special guest. His name is Kevin DeMeritt, will speak on one of my favorite subjects, gold and silver and precious metals. And I've been a precious
metals bug since 1971. And I own lots of gold and silver, and today, some Bitcoin,
even some Ethereum. The reason I do that is very simple, it's not because I love gold,
silver, Bitcoin and all that, I just don't trust my government. (Robert laughing) And if you trust our government, you know, trust the dollar, trust the stock market, trust Fauci, trust all those high-paid government academic elite bureaucrats to
watch out for you, then fine. You know? But I'd rather trust
gold, silver especially because they're God's money. God put them here on earth. They're actually elements
of the periodic table. In case if you don't know what that is, I think it was chemistry class but I cheated at that class also. So today is a very special show. Again, we have Kevin DeMeritt. He is the founder and operator for the largest precious
metal firms in America, Lear Capital. And for full disclosure,
I do speak for them. When people say... and
I'm not compensated. When people say, why do you
speak for free for Lear Capital? I've said, because when all
my friends on Fox Television, I know people hate Fox,
but anyway, whatever. When they see me on a Lear
Capital ad endorsing silver, the moment you make television people think you know something. Well, I still don't know anything but I'm on television
every and another week speaking for Lear Capital
saying I love silver. Now my other friend is Peter Schiff, who also has SchiffGold and all this stuff but he doesn't do any advertising
so I don't speak for him. So you get that Peter? So this is nothing personal. I mean, I just trust gold, silver and I trust Bitcoin and Ethereum more than I trust the
government or anybody else. So with that said, I've been speaking for
Lear Capital for years. I thank you Kevin for making me famous. I go to my Republican or my
more conservative enclaves where the rich and the
possessed go to mingle and they go, oh, I saw
you on Fox television, they go, yeah. And they think I know
something, that's even funnier. (Robert and Kevin laugh) - It was great having you. I know that they do a lot
more than you're letting on. - I just don't trust Fauci, I don't trust Biden, I don't trust Kamala, I don't trust the Fed, and I don't trust the treasury. I mean it's that simple. I'd rather trust God's money. Gold, silver, platinum, palladium, I'd rather trust that stuff
than criminal bureaucrats. Now, with that said, Kevin DeMeritt, welcome
to the Rich Dad Show and thank you for making me a famous man and people think I know something. I appreciate it. - Thank you Robert, it's
always great to be back. Happy to do business
with you all these years and you know I always love
being on the programs. - Thank you. Thank you. Before we go on, can you give us a little
bit of your background? You're a young guy, I'm an old guy but I remember when the
US dollar was real money, it was backed by gold until Nixon took the dollar
off the gold standard in 1971, August 15th and that's when I shifted
from cash to gold, silver and now crypto. So what's your background there Kevin? - Well, I'm glad you asked. You know, when he took the
dollar off the gold standard I was a whopping six years old, so I'm 56 years old today. But I started off in
finance and economics, got into international banking and through international banking we actually worked with
the precious metals market because we could capitalize banks with the universal currency
as opposed to back then it wasn't the Euro, it was the Lira and all sorts of different
currencies in Europe and I- - What Kevin is saying is
before the European Union, all the countries had
their different fiat. Fiat stands for fake money, government declared money. So what happened is
they shifted to the Euro and that's what Kevin's talking about. So now it's Euro not Lira, Yen and Peso. - Yep. So when we started using gold I became very interested
in gold at the time. And I said, you know, I'm
going to venture out on my own, this looks like real money. With all the printing that
was going on even back then. And so here I am, 25 years later after starting Lear Capital and it's been a fantastic ride. Really since about 2000,
the precious metals market has outperformed the stock market, which has been great for people because how do you purchase
an insurance policy and actually get paid back? Right? And that's what I think
of gold and silver, it's an insurance policy
against all the money printing and craziness that the government does. - Correct, correct, correct. Are you in Los Angeles right now? - That's right. - I keep warning Kevin and Dana, they haven't built a wall between California and Arizona yet. So if they start, run quickly because they're going to
lock you guys up over there. (Robert and Kevin laugh) The communist republic of California, but anyway, so what can you tell us? What's going on? I mean, I'm a very simple man. Like I said, I don't trust Janet Yellen, I don't trust Biden, I don't trust Kamala, I don't trust Fauci, but I do trust gold and silver. Now, is that correct that gold and silver are parts of the periodic
table of elements? - That's right. Gold, silver, platinum- - What does that mean to you? - The what? - What does that mean to you? - It was part of earth when
earth was formed, right? Those are all of the... Some of the metals and
materials that were made when the earth was
formed and it's limited. - Right. - Unlike a paper dollar,
there's only so much gold, so much silver, so much
platinum in the ground that we can pullout. So I think that's really, when I think about gold
being around for 5,000 years, I think people were as
excited to find gold as they were about Bitcoin and Ethereum that you're talking about now. Back then, gold probably
sounded much like Bitcoin. Hey, we were using shells and rocks and trading food back and forth and now we have this money that
only has this limited supply and it's stood the test of time. I mean, 5,000 years, no other currency in the world
has ever lasted that long. - And that's sort of the
theory behind Bitcoin. It's only about 21 million
coins, that's a limited supply. - Right. - Is that your understanding? Because you know, I own Bitcoin but I'm not good at that either. - Yeah. 21 million coins. There's probably a couple of
million that have been lost with people losing their passwords, so it's probably even a little bit less. So hold on to your password, right? But same concept, you know, limited supply. I mean, you've written fantastic
books about real estate. Can't build anymore real estate, can't make anymore gold, but they can sure print a
heck of a lot of dollars. - And they have. Correct. So what do you sense is going... And for full disclosure,
I have traveled the world, you know, what Kevin is
saying about gold and silver, I have been to top of the
Andes looking for gold in Andes mines, I've been to Mongolia, chasing this place called the (indistinct) looking for gold and silver. I still own a silver mine in Argentina and I just bought a new... I bought into one of the
largest gold mines in the world in Utah. So I am in the mining side. People are like, are
you into mining stock? I said, no, I'm into ownership. There's a difference. But if you want to buy
mining stocks, I can... The reason I don't trust mining stocks is because it's a stock. I want the real thing. I mean, kind of like, I'm pretty hardheaded on hard asset. What do you think? - Yeah. You know, with mining shares, a few additional risks come along with it. I don't know what the
CEO's going to do tomorrow or the next day that would
influence the company's stock more than just the metal price. They hedge a lot. When metal prices are up, they hedge. They did this in year
2000 and they were wrong. Gold was trading at 300 and
went up to six and nine hundred. They had to sell their
precious metals at 350 because they had hedged the market wrong. So there's other dynamics that happen when you own the stock as opposed to the physical
metal but you know, hey look, a little diversification doesn't hurt in either one quite frankly. - Yeah. So what's going on in the
gold and silver market as far as supply and demand going? - Well, gold's had a great
little run through the pandemic we saw an enormous amount of demand coming through from the pandemic and that seems to be continuing here. And one of the reasons is that when you hear inflation's running in 7%, which we haven't seen for 44 years. I mean, the last time we
saw inflation this high was 1978, and for all of your listeners, from '78 to 1980, it doubled again. Inflation went up to 14%. A lot of money printing back then, so a lot of money printing today. So the demand for things
like Bitcoin and Ethereum and precious metals have been high and I would suspect
that we're going to see continued high demand, especially when they start
raising interest rates and the stock market and other markets may have some problems. - Okay. So what do you think of what
I call paper gold, like an ETF or paper silver, SLV, silver ETFs. What do you think of those? - You know, I don't have
much interest in those. You know, if someone called us and said, hey, look, I want to own physical silver or I want to own some silver and I'm thinking about
an exchange-traded fund. I would say, okay, well, if told you was going
to sell you physical silver and then I was going to
ship it off to HSBC Bank over in Europe somewhere, and then we were going to hold
it there, would you do it? And most of the time, people say no. And I say, well that's
exactly what you're doing with the ETF. And by the way, not all
of the ETFs hold 100% of their stock in physical silver. They use hedging and futures
and options contracts up to 20% sometimes even larger. So 80% may be backed by physical gold, the other 20% is just
a bunch of paper again. So I tend to shy away from them. - That kind of goes back to
what I call the fake market, the human generated market. So you could have... You could say I have an option
to buy a 100 ounces of gold but that's still an
option, it's not the gold. Is that correct? - Correct. Yeah. And there has been
times in the past 10 years where you've got an option to purchase it and there wasn't much silver to purchase. So prices continued to go
higher and real problem. The physical material
sometimes gets very difficult. Now, we've had a couple in
the past four, five years with the US Mint just
completely running out of silver and prices have skyrocketed. So physical in your hand usually is in my opinion and yours better than holding a piece of paper that gives me the right to
potentially get a physical. - And just not that long, wasn't J... This is big banks like
JPMorgan, Wells and all that, they have gold and silver also. Wasn't one these banks caught that they paid a billion
dollar fine or something? - Yes. - For playing games. Do you mind saying? If you don't want to say
I don't blame you but- - Yeah. It was the bank that you mentioned, JPMorgan, got themselves in
a bit of issue with that, with the silver markets and their traders manipulating the markets. - Do you mind saying what? Because I didn't understand it. Because I don't play at the
markets, I own the real stuff. - Yeah. So they own the real stuff and the paper markets can be manipulated. So they would put in orders
and then cancel them, which would drive up the
price and then they would go and sell some of their
material to make a profit. So there was a lot of
manipulation going on. When you have that much money, you can kind of move some markets with fake buy or sell orders and that's what they were doing. - Yeah. And that's one of the reasons
I stay away from the dollar. Because it's fiat. Fiat means government decreed. That means Biden saying trust me. I can't even remember his name but he's going to say trust me. But anyway, and then Kamala,
oh my God, the border. The border czar, whatever she is. And they opened border
up, I'm going, oh my God. - No. - Are we nuts? Has this country gone nuts? - Well, a little bit. And from a financial standpoint, you look at a few things. You look at scarcity of
computer chips, of metals. That is what happened in 1970. For anybody who wasn't around in 1970, where you had to get in
line to get gasoline, if everybody remembers that, right? Some of those same things
are starting to happen and then you look at the inflation rate, you know, all the way back to 1978. I don't believe anybody thought that we would get an inflation rate at 7% and still have interest rates below three. So you're a real estate expert, what happens if inflation
stays at 7% mortgage rate? 9%? The real estate market
would get crushed at 9%, it would probably fail dramatically at anything over six or seven
percent, if I had to guess. So this inflation rate that we have and the scarcity of products out there or materials is a big
caution sign I believe for people over the next couple of years. Higher interest rates
and so on and so forth will naturally follow if they can't get this
inflation under control. Very positive for precious metals, I think positive for the crypto market, probably inflation positive
for the real estate market. Not so positive for stocks and bonds and some of the other areas that look like they're in bubble land. - Okay. So we're going to talk about if inflation rates go up, how does it affect precious
metals like gold and silver? - Well, if we look at
history and we just go back to the last time inflation
was trading at 7%, in 1978, the metals market was trading
right around $375 an ounce. Silver was trading right
around $7, $8 an ounce. By 1980, the inflation rate had gone
up to 14 and a half percent. Interest rates, as everybody
knows went up to 15% and the price of gold went from
$375 all the way up to $850. The silver market went to $49. So gold and silver are
typically very good hedges against inflation. A lot of people say higher interest rates hurt the precious metals
market and I kind of laugh. If interest rates were at 15% and the precious metals at the time was at an all time high of
$850 an ounce back then, interest rates played a role in getting the precious
metals up to those numbers. Usually, higher interest rates
are bad for the stock market, great for precious metals. - And when I promise anything like that, but that's historically. One more thing is that
what people don't realize is in around 2000, gold was $300 an ounce. - That's right. - And today it's about $1800. - Yes. - And then people talk to
me about Apple and all this. So I say, well, gold didn't do too bad. - Yeah. I mean if you purchased an
index fund in the S&P500, and purchased an ounce of gold. The ounce of gold has
outproduced the S&P500 index. Which just absolutely shocks people but if you look it up it's true. - And the last question is when people say gold is barbaric relic. Where does that come from? - Well- - It's true. It's old as the earth. - Yeah. When they say it's old, it is. We can go back 5,000 years when people first started
using it as money. And I think that's really what it is. We buy a new watch and in four years we're not happy with it. The day we purchased it
we were thrilled with it and four years later we want
a new watch or a new car, what have you. I think people believe
that this thing, gold, that's been around this long
can be replaced by paper and it can be replaced by digital things but it still has stood this test of time and the central banks are holding it, the JPMorgans are holding it. Why are they holding it? Because they know it's going to be around another 5,000 years- - It could be forever. Yeah. The reason I know this is because I have actually
traveled the world looking for... You know I've been to Argentina, bought a silver mine out there. But the thing that really convinced me was I went to Peru in
1989, whenever it was. And I'm standing in the Andes and I was about at 14,000 feet, I was passing out because
I couldn't even breathe. And I look on this mountain side and I see these little holes
going up the mountain side. So I asked the guide, I call them the little Incans, Peruvian. So what was that? He says, that was the Inca
or the indigenous people at that time looking for gold and silver. And I went, so this is before telegraph, this is before internet. What were these guys who are primitive people
with no information from the outside world... They're as isolated as they can be but they were trying tracking this vein going up this mountain. He says... and this other
guy he was a priest, he says, because gold
are the tears of God. Human beings know
intuitively, instinctively, that it's real, it's God's money. And so that's why I get up and I sound like some evangelist, you know, gold and silver
are God's money and going... but I've seen it. - Yeah. - You know, and I say these Inca are indigenous people are looking for gold
way up in the mountains. And I'm going, why is that? At the same time, they're doing the same
thing all over the world. - All over the world. That's right. - And before there was radio, television, TV, all that stuff,
they were already doing it. Then I go to Mongolia, this place called the (indistinct), they're doing the same thing. They have little had little
holes all over the place and I'm going, well, were the Mongolians
communicating to Peruvians? I don't think so. So there is something mysterious about gold, silver and Bitcoin. So we're going to go for a break, but we're also gonna
come up much like Bitcoin and many of the crypto,
there is a finite amount. There's other things called country risk. You know, why is gold always placed in the most dangerous places on earth? And if the country hates you, they won't let you touch their gold. So there's all of these
factors are important when you're consider, should
I own a few gold coins or a few silver coins or
bars of silver or gold? But it's not just, this is ancient stuff and so it's an ancient
relic or whatever, it is. Gold and silver are God's money. When we come back, we're talking more about how you can acquire it
and how you should store it. We'll be right back. - [Narrator] Out here in Phoenix, the cost of rent has gone up 28%. Thanks to record inflation, almost every living expense has gone up. And inflation can erode
your personal wealth too, that's why I think investing in assets that offer protection from
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thanks to Masterworks, you can invest in million dollar art. To add this asset to your portfolio, visit masterworks.io/richdad
for priority access. That's masterworks.io/richdad. And see important disclosures
at masterworks.io/disclaimer. - Welcome back. Robert Kiyosaki. The Rich Dad Radio Show, the good news and bad news about money. This is the Rich Dad Radio program, anytime, anywhere, on
iTunes, android and YouTube for our key platforms and go to the Rich Dad Radio
Podcast at richdadradio.com. We archive our programs
for one main reason, for education. I am not recommending
you buy gold or Bitcoin or any of that stuff, we're purely educational,
you make up your own mind. But if you have friends, family or let's say business partners who need to be informed,
just go to richdadradio.com, have them listen to this
podcast again and then discuss. Again, don't take out word for it, it is up to you to make up your mind. Our guest today is Kevin DeMeritt, he's a founder and operator in the largest precious metal
firms in the US, Lear Capital. And again, we're all
friendly in this business. There's a lot of people
in the gold business like my friend Peter Schiff. And for full disclosure, I do speak for Lear Capital
but I'm not compensated. I do it because I sincerely believe that everybody should have
some real gold, silver and Bitcoin in their
portfolio that they control. The word is control. And reason gold, silver and
Bitcoin are similar or crypto, is because of the limited supply. And the supplies are getting more limited and as the world's getting more dangerous, gold and silver become more scarce because more and more
bankers are holding on to it but also for some reason gold and silver are always deposited in the
most dangerous places on earth in dangerous countries. So all these are factors that go into when I sit on
Lear Capital and Fox television and I say I buy silver,
there's a reason for it. And not because I'm getting compensated. One big reason I recommend silver is as Kevin already mentioned, not too long ago in '80s, silver was 50 bucks an
ounce and gold was at 800. Today gold is at 1800 but
silver is now $25 an ounce, and silver is an industrial metal, that means it's used in
batteries, solar, all this stuff and there's less of it. So when I say silver at $25 an ounce, that's like saying Apple at $50 to share or Bitcoin at 3000 a share. That's how I look at it. So with that said, our guest
today is Kevin DeMeritt. Again, founder of Lear Capital, I speak for them not compensated and he has an offer
for Rich Dad listeners. So what is the offer there Kevin? - Well, we have a couple of things. I always like to do
something special for you. We have the special report, inflation, the tax you
didn't know you were paying and on top of that. We have our gold and
silver investment guide, all of it completely free. And then for your listeners if they give us a phone
call on our 800 number that I'll give away, we're going to give away up to $75 of free shipping and insurance on their first order- - Wow. - If they make sure- - $75 on the shipping? - $75 on the shipping and the insurance, if they mention your name
when they give us a phone call or if they want to move
their retirement account over to a precious metals retirement account, we'll again give them up to $75 to cover any of the fees
that are charged there. - That's big. That's big
because that's one of the big... The crypto guys go, oh, you've got to pay for storage, you've got to pay for shipping.
It's true but so what? - Yeah. Small price to
pay, we're happy to help. Again, just mention Robert
Kiyosaki when you call 1-800-511-1960, 800-511-1960. And we'll get out all the free information and then if you decide to do business, we're happy to give up
the $75 on free shipping or for the retirement plan. - And again, once again, we
don't recommend anything, we're purely educational, informational. One more thing is that there's
a thing called numismatic, because I see that on
television all the time. What is numismatic, gold and silver coins and stuff like that? What does that mean to you? - Yeah. The numismatic coins are typically the coins
minted in gold prior to 1933. That was really money by the
United States government, so you have $20 St. Gaudens,
$20 Liberty, things like that. And for silver, the 90% silver coins were
all the way up until 1964. So any coin minted prior to
1964 had 90% silver content, and we considered those numismatic coins. Some of them are very close
to the spot price of gold or silver. So they have lower values even
though they're 100+ years old some of them. And others are extremely
rare and cost a lot of money. So one would be a collector coin, the other you could use
as an investment as well. Right. Yep. You're right. (Kevin laughs) Yeah. Yeah, there was a lot... Oh, yeah, there was a lot
of those bucks put together where the old bucks where people
put the horn and the holes. Yeah, they collect those coins,
you know, valuable today. That's right. Yeah. I do. Well, I think so. I think a lot of the worst places on earth also have people who want real money because if they have to leave the country, and we've seen a lot of that happen, their dollar isn't worth anything. They can pile a plane
full of their paper money but that might not be worth anything. But if they put gold in
that plane and fly away, even though it's a little heavy, that is real money and they
can go any place in the world but it's all the same value. So you kind of want something that's real if your company's held up on stills and can be tipped over
fairly quickly, right? So I think that's one of the main reasons. - Yeah. And what I say to people
is gold is for saving, silver's for spending. And today it's 24 bucks an
ounce and it used to be 50. So I keep saying well, buy more silver. (Robert imitates complaining sounds) - Yeah. I think the interesting
thing about silver right now is when you look at the
gold and silver ratio, it's running around 75. Normally, it's around 50. So
the gold market has rec... It's the price of gold divided
by the price of silver, it's a gold to silver ratio. Usually that ratio is
going to run around 50:1. So 50 ounces of silver would
equal one ounce of gold. Right now we're at around 75
ounces to every ounce of gold. If that ratio were to move
back to its historic average, the price of silver would
go from $24 up to $36. Which is still below what we saw in 2010 when silver ran up to $47 an ounce. So we've got a long way
to go in the silver market before it's anywhere near its peak and before it's to its average. And that's with gold
standing still, right? I believe that it will go
higher this coming year with all the inflation. Bank of America put it at 2250. So if you start thinking about the ratios with those numbers then
you can get into the 40s on the silver market, but I feel very comfortable
at $35 an ounce. - $40 for silver possibly? - That's right. - Okay. So the other thing too, is it true that as we
shift more to batteries and electric cars and solar panels, is silver used in that? - Yes. They are used in the batteries. They're used a lot in the solar industry. The solar industry that's next year is estimated to grow by
around 13 to 18 percent depending on who you're
taking into consideration with their forecasts. If that happens, you have
millions of ounces of silver that are going to be used in solar panels. Solar panels do not work without silver. So it's a requirement at
this particular point, until they come up with
something different to get those solar panels to work. And green energy is a hot
topic and so are electric cars. So I believe that the industrial
demand side of the equation for silver is going to continue to grow. - Right. And another complaint is that people talk about where you have to store the stuff. Which is a good idea. And don't tell people you store it at home because you'll be visited immediately. So how do people store? You know, if you have like 10 coins, you can hide it then in your sock drawer. - Sure. - But what happened for Kim and I, we used to hide it in
our closet in La Jolla until we left the communists
republic of California for the communists republic of Oregon but eventually it got...
we don't save dollars. We use debt for money, we
borrow, we buy real estate and the cashflow is shifted
into gold and silver. - Right. - And what happened was pretty
soon the gold and silver pile got so big, we had to go look for
professional storage facilities. Can you explain that service? - Sure. So a couple of different places. Like you said, if you have a small amount, you can easily store that
at home, especially gold. The second thing people do is
go get a safety deposit box. So a safety deposit box is... The entire time I've been doing this, I've never seen anyone
lose their valuables from their safety deposit box. And once you outgrow
your safety deposit box, then there's a few firms that
I trust that do a great job. One is Brink's, and they have
some locations in California, Utah, New York and other
places in the country. And then a company called
Delaware Depository, which is what the government uses for the backing of physical
metals for futures contracts. So their security is extremely high, similar to Brink's. Their fees run about three
tenths of a percent per year on the value of the metal, so that's what you would expect to pay. - Yeah. And there's one more thing about, people are crossing the
border from all over the world because Biden opened up the border and the thing that I liked about gold when I was traveling the world, a lot of people carried gold because gold is flight capital, you can spend it anywhere.
You know what I mean? - That's right. - No matter where you go in the world, somebody will take it.
Is that true? And silver. - That's right. You know, we tell people, look you can't take your
stock or your real estate and go anywhere in the world. A diamond you can, hard to
value but a piece of gold has the same value basically
everywhere in the world. I mean, it's denominated in US dollars so it's fairly easy to figure
out what the gold is worth and then convert it over to whatever currency
you're going to be at. Everywhere in the world,
gold is the exact same price. So easy to store, easy
to kind of move around. - When I first started out
because I'm so pessimistic, you know, I used to carry
a couple of gold coins in my pocket. Now, obviously I don't do that today because that would be advertising
another robbery out there. So I just started moving my gold... I don't recommend my formula. We use debt for money, we buy real estate and the cash, we don't save
money, we save gold and silver. And it piled up so fast on us. - Yep. - It was shocking. So one day I was in Singapore and I went to this private air terminal and this private jet comes piling up, door opens and there's boxes, grain in gold boxes starts coming off and I asked a Jewish
guy from the Israeli... it was an Israeli company. I said, what are you guys doing? And he says gold flies in
from all over the world. - Oh yeah. - And there are jets and
they just store it here. I'm going, holy. Do you know what I mean? I thought I saw Jesus or something. I went, holy miracle, these guys have that much
gold and silver hiding. And so that was a whole
'nother educational process for Kim and myself. Where do the rich hide
their gold and silver? And I'll tell you what,
it ain't in America. - Yeah. A lot of Swiss banks. The old Swiss, Israeli,
you've it all over the world. It's amazing what people do
with their precious metals. You know bury in their backyard, store it off in a Swiss bank. Again, we've seen it all. - Yeah, yeah, yeah, yeah. - So anyway, Rich Dad often
likes people to dream big, so dream, you know, one
day your jet taxing up, door opens and your gold
and silver get stuffed in a vault some place else in the world, then you know you've made the big time. - That's right. - So anyway, Kevin, I really
appreciate your input. Again, give us the how do
we get in touch with you and what are your reports. - Sure. So we have the inflation, the tax you
didn't know you were paying free report along with our gold
and silver investment guide and then please, if you're going
to call everyone out there, mention Robert and we're
going to give away up to $75 for free shipping and
insurance on your first order and $75 if you would like to start an IRA or transfer your IRA, we'll help you with the
storage fees there as well. Give us a phone call at 1-800-511-1960, 800-511-1960 and we'll get the information out for free and hopefully educate
you a little bit more on the precious metals market. - Yeah. And don't be an idiot. I was at this seminar once, I won't mention the guy. He stood up and he said,
I keep my gold at home. I'm going, are you nuts? Are you nuts? Do you know what I mean? So that why the Bitcoin guys are right, you've gotta pay storage fees. But let me tell you what, I'll pay that storage fee all day long because it's worth my life. And so what you're offering
here is the fee to ship it, it's also expensive because
the Bitcoin guys are correct, it's expensive. But I'd rather have that, I'd rather have both. You know, I have gold, silver,
Bitcoin and all this stuff, I just don't trust the government. If you trust the government, save dollars and take laps on
your rosary beads and pray. (Robert and Kevin laugh) - So Kevin, thanks for all the years of friendship and your professionalism, I appreciate it. - I appreciate you too.
Thanks a lot for having me. - When we come back we've
got our final words. And Dana, thank you very
much, you're the best Dana. Dana is my contact and he's fabulous. All right, so we'll be right
back for the final words from Rich Dad. Take care you guys. Welcome back, Robert Kiyosaki. The Rich Dad Radio Show and I thank Kevin DeMeritt, D-M-E-R-I-T-T, the founder and operator of one of the largest gold metals, precious metals firms in the US. And there's a lot of great guys out there. You know, I do business with Peter Schiff but he doesn't put me on television so I don't go on his program. It's about Peter Schiff not me. So I mean, Peter, you hear that? There's Dana Samuelson,
he's out of Austin, Texas and I buy a lot of gold
and silver from him. And then Jerry Williams here,
American Precious Metals. I talk to these guys all the time because gold and silver
and precious metals, they're measuring kind of
the heartbeat of a country, of the world really. Because I bought my first
gold coin in Hong Kong, it was a South African Krugerrand
and it was for 50 bucks. I still have that coin today and it's probably worth 1800. So you know, it's not a bad buy. So with that said,
Sara, what do you think? - [Sara] I just had a question and I should have probably
popped in when we had Kevin on. When you're storing your gold or when somebody stores their gold outside of the United States, do you have any fear of that government confiscating those storage places or... you know, I mean, how do you trust it? Like do you really trust it? - Well, that's why I have all these different
guys who are in... A lot of people store outside. I don't trust my government. You see? And what Kevin said was in 1933, Franklin Delano Roosevelt
confiscated all the gold. That's why gold coins up
to '33 are worth something and all this stuff. And then what happened is in '64, they took the silver
out of our silver coins. I don't trust the US government. So it's a whole 'nother
educational process. So what happened for Kim and I, again, our formula is very simple. We're real estate guys. That's why Ken McElroy
and Tom, we all write. My advices are crucial because debt is almost like free money. You know, we use debt
and I know guys like, other guys who live debt
free, well that's... we don't do that. But you should, you know, if you don't know how to handle debt, don't do what we do. Please don't. Don't buy gold and silver and
tell your friends about it. - Well, what caused me
to ask that question is because he was saying that silver, you can't make a solar
panel without silver and with the push for this green new deal, da-de-da-de-da, what happens
when the government says we need your silver to
fund these solar panels or whatever industry is
happening at the time? Because silver is very scarce. - Right. It's always possible. - Yeah. - Like I said, as far as I know, US
is the only government that's confiscated. So as Kim and I just
traveled with little coins and stuff like this and then pretty soon it got to be such a big problem because we use debt as money and we don't save money
because we don't need money, we save gold and silver and Bitcoin. Then the problem came,
well, how do we move it? And that's a whole 'nother profession. And do it legally, because you can move
money out of this country and do it illegally
and then you go to jail and become somebody's boyfriend
or girlfriend out there, it's not worth it. So there's professional
people like Kevin DeMeritt, Dana Samuelson, he's out
in Austin, I use him a lot. And Jerry Williams here, Peter Schiff. It's a whole industry based around that. We just don't have ETFs. If you understand that one is because ETF is fake gold
and silver and that stuff. But I don't have Bitcoin ETFs. I just don't trust the
people factor of it. So gold and silver are God's money. God placed it here. I know because I've
climbed the mountain sides and I tell you, when I was
standing in Andes of Peru and saw the little holes going
up the side of the mountain before Pizarro came and
killed all the Inca, these are 1500s or whatever it was, I went, holy macro, there is something spiritual
about gold and silver that humans know. But we're educated out of it
and we're told to save dollars and all this stuff, which is why there is no
financial education in school. We take fake money. The US dollar is fake
as far as I'm concerned, so is the Yen, so is the
Peso, so is the Euro. So there's a whole industry
of psychopaths like myself and best to find them and there's some very reputable people who will advise professionally. And numismatic which is
collectable coins is just like, is a '62 Corvette a better
car than a brand new Corvette? Well, I don't know the difference. You know what I mean? You know 162 or 172, whatever it is, but I don't know a good
car from a bad car. I don't know a rare coin from... So but if you do, it's a whole
'nother science out there. - Right. - And there's people who do that work but you've got to find them. Okay? - Yeah. And I'll include for our
listeners and viewers, I'll include that Kevin's
offer in this show notes. So if you missed it, you can read it at the
bottom because again, get the free report, learn about their services
before making a decision because like Robert always
says, we don't endorse anyone. - No. We don't. And make your own mind up here. Again, if you trust Joe
Biden, Kamala Harris and this guy Fauci, save dollars. I don't. Thank you for listening to
the Rich Dad Radio Show.
