Bad Money Drives Out Good Money

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3y ago 34:28

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In economics, Gresham's law is a monetary principle stating that "bad money drives out good". For example, if there are two forms of commodity money in circulation, which are accepted by law as having similar face value, the more valuable commodity will gradually disappear from circulation. Today’s guest says, “This has been happening all throughout history.”
In this episode you’ll learn:
Bad Money (Fake gold) vs. Good Money (Real gold)
Why silver is becoming more scarce and what that means for its price
What the future holds for real gold and silver
Kevin DeMeritt, Founder and Operator of Lear Capital, says, “Silver’s forecast is much better than gold, because the Biden Administration is looking at implementing a $2 Trillion green energy program.”
Hosts Robert and Kim Kiyosaki and guest Kevin DeMeritt discuss what’s in store for gold and silver in 2021 and where you should be putting your hard-earned dollar.
OFFER FOR RICH DAD LISTENERS:
Call Lear Capital and learn more about owning physical gold and silver, and the first 75 callers will receive a silver mercury dime (minted in 1916-1945). Call in and get the FREE Information: 800-511-1960.
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#Trading #Business #Entrepreneur #Robert Kiyosaki