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Unfair Advantage When the Civil War broke out, the Confederate States printed the Confederate Dollar with the same results. Germany did the same thing after World War I, and the German people began using the Reichsmark for wallpaper, to start fires, and probably for toilet paper. When the German economy collapsed, Adolf Hitler came to power in 1933, the same year President Franklin Delano Roosevelt took the dollar off the gold standard. In my wallet I carry a fresh Zimbabwe $100 trillion note, which numerically is $100,000,000,000,000. At one time, it bought three eggs. It purchases less today. Today, Federal Reserve Bank Chairman Ben Bernanke is printing trillions of dollars and President Obama is spending trillions of dollars. Phony money causes wars between nations as well as wars of real money (gold, silver, food, oil, things with intrinsic value) versus pieces of paper with ink on it. 3. Safe Investments There is no such thing as a safe investment. There are only smart investors. As stated at the start of this chapter, when I am asked questions such as, “Is real estate a good investment?” or “Are stocks good investments?” my answer is always the same, “Are you a good investor?” No investment is safe if you are foolish, even gold. You can lose a lot of money investing in real money, gold and silver. Today, in 2011, gold is hitting all-time highs because fools rush in to chase fool’s gold. Gold fever is creating fools rushing in as gold prices rise, just as they did when stocks and real estate went in bubbles. As I write, gold is over $1,300 an ounce, an all-time high, but not if measured in 1980 dollars when gold hit $850 an ounce and silver hit $50 an ounce. For gold to be at an all-time high, it would need to be at $2,400 in today’s dollars. 125

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Unfair advantage ebook  

by Rich Dad, Robert Kiyosaki

Unfair advantage ebook  

by Rich Dad, Robert Kiyosaki

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