Fresh news from Kiyosaki

Here is an online post from Conspiracy of the Rich author, Robert Kiyosaki. This will explain further why metals are the hottest investments in the next few months and years. Buy while they are still at a low.

"Online Exclusive Update - #91
July 18, 2011

Gold on Fire
On July 1, 2011, gold was $1,486. By July 13, 2011, gold hit $1,583, a rise of $97.

As followers of Conspiracy of the Rich, you’ve probably been expecting this rise and have a better understanding than most people of the historical reasons why gold is on fire. I still stand by my prediction of gold sailing past $7,000 in a few years.

The rise in the price of gold is not good news for the world. It means more and more people are losing confidence in our leaders. If gold passes $7,000 an ounce, a gun and lots of ammunition may be the best investment. Oh, and don’t forget food, water, and gasoline.

As you may know, the US is locked in a disgusting battle to raise the national debt limit by early August. The Democrats want to raise taxes and the Republicans want to reduce welfare.

If you’ve read my latest book, Unfair Advantage, you know that the increase in taxes will not be on the rich. The increase in taxes will be on the high-income professionals—people such as doctors and lawyers—and the middle class.

As far as welfare and pension recipients go, they’ll probably be taking pay cuts. The biggest targets of all are Social Security and Medicare. I wonder what will happen when those large deficits are cut—if they’re cut—as Greece and Italy have done.

If that happens, it’s likely the US will experience riots much like the riots seen during Vietnam. Interestingly, it will be the same group of people rioting, the baby-boom generation. Maybe their kids and grandkids will join them.

As stated in Conspiracy of the Rich, the rules of money changed in 1971. The problem is that the baby-boom generation didn’t get the news and didn’t change their rules of money.

It’s still not too late to change your rules of money. In fact, it’s during times of chaos that the most opportunities appear.

As stated in Unfair Advantage, “2010 has been my best year so far.” As gold and silver continue to rise in price, and more dead real estate deals float to the surface, 2011 may be even better than 2010 for me and Kim.

I encourage you to not expect our political leaders to save you and to instead continue to save yourself. And the best way to save yourself is to change your personal rules of money and not follow the thundering herd that is being driven over the cliff.

Rising gold prices aren’t a good sign for our future."