Robert Kiyosaki and Peter Schiff warn about the effect of rising inflation and interest rates, and the likely scenario of "stagflation". They suggest alternatives to overvalued tech stocks and cash and bonds which will fail to hold their real value in times of high inflation....(read more)
HOW TO: Hedge Against Inflation
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As we continue to navigate the economic fallout of the coronavirus pandemic, concerns about inflation are on the rise. Inflation is the rise in prices of goods and services over time, which reduces the value of money. When inflation is high, it can be damaging to individuals and the economy at large. However, Robert Kiyosaki and Peter Schiff have shared their ideas on how individuals can protect themselves against inflation. Robert Kiyosaki, best known for his book "Rich Dad Poor Dad", believes that owning real assets like gold and silver is the best defense against inflation. He argues that currencies like the US dollar are subject to inflation and can lose value over time. In contrast, physical assets like gold and silver have limited supply and are not subject to inflation. Kiyosaki recommends that individuals hold at least 10% of their portfolio in gold and silver. Peter Schiff, an economist, author, and investment advisor, agrees with Kiyosaki's view on gold and silver ownership. However, he goes one step further and advocates for investors to consider international diversification. Schiff recommends investing in countries with stronger currencies like Switzerland, Singapore, and New Zealand. He believes that diversifying across currencies can provide a better hedge against inflation. In addition to these strategies, both Kiyosaki and Schiff recommend avoiding debt during times of inflation. Debt can become more expensive as interest rates increase, which can be challenging for those who are already struggling to make ends meet. Instead, they suggest living below your means and focusing on building financial resilience. Moreover, they advise investing in assets that generate passive income, such as rental properties, dividend-paying stocks, and bonds. These types of investments can provide a steady stream of income that can help individuals weather inflationary periods. In summary, protecting against inflation requires a combination of strategies, including owning physical assets like gold and silver, international diversification, avoiding debt, living below your means, and investing in assets that generate passive income. While inflation can be challenging to predict, taking these steps can provide a better defense against its effects. https://inflationprotection.org/how-to-safeguard-yourself-against-inflation-tips-from-robert-kiyosaki-peter-schiff/?feed_id=90546&_unique_id=6444c743395ba #Inflation #Retirement #GoldIRA #Wealth #Investing #apple #Bonds #business #cash #dividends #economy #Finances #Gold #google #growthstocks #hedgeagainstinflation #hyperinflation #inflation #inflationprotectedassets #inflationprotectionstrategy #interestrates #investing #money #moneyprinting #personalfinance #peterschiff #protectionagainstinflation #realestate #recession #robertkiyosaki #stagflation #Stocks #Tesla #TheFed #valueinvesting #InflationHedge #apple #Bonds #business #cash #dividends #economy #Finances #Gold #google #growthstocks #hedgeagainstinflation #hyperinflation #inflation #inflationprotectedassets #inflationprotectionstrategy #interestrates #investing #money #moneyprinting #personalfinance #peterschiff #protectionagainstinflation #realestate #recession #robertkiyosaki #stagflation #Stocks #Tesla #TheFed #valueinvesting
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