Gold Reserves on the Decline - Robert Kiyosaki and David Garofalo
In 1971, President Richard Nixon changed the rules of money because foreign countries being paid in U.S. dollars grew skeptical when the U.S. Treasury was printing more and more money to cover our debts, and they began exchanging their dollars directly for gold in earnest, depleting most of the U.S. gold reserves.
There’s been a significant under-investment in exploration by the world's major gold miners and it has resulted in a decline in minable gold. Today’s guest explains that there has been a 40% decline in gold reserves.
David Garofalo, Chairman & CEO of Gold Royalty Corp. says, “What they didn’t do is replace what they’ve been depleting.” He continues, “Our assets have been depleted and as a result, the production is declining. We can’t respond with supply because it takes a long time to find deposits, it’s capital intensive, and it’s risky.”
Host Robert Kiyosaki and guest David Garofalo discuss what the declining gold reserves mean for the future of gold mining and its price.
Facebook: @RobertKiyosaki
https://www.facebook.com/RobertKiyosaki/
Twitter: @TheRealKiyosaki
https://twitter.com/theRealKiyosaki
Instagram: @TheRealKiyosaki
https://www.instagram.com/therealkiyo...
-
36:50
The Rich Dad Channel
9 days agoFinancial Trends for 2024: Banks, Bitcoin, and Real Estate - Robert Kiyosaki, Gerald Celente
4.17K8 -
1:22
Patriot video news created by Liberty Kid
2 years ago $0.21 earnedInterview with Robert David Steel
1.34K3 -
8:08
martorellkevon
2 years ago $0.01 earnedWhy I Buy Real Estate Like Robert Kiyosaki
108 -
LIVE
Fresh and Fit
2 hours agoFresh&Fit Live Event w/ Special Guests
20,871 watching -
1:01:12
The StoneZONE with Roger Stone
5 hours agoMore Phony Indictments! This Time in Arizona—GOP Strategist RC Maxwell Breaks it Down—The StoneZONE
5.52K4 -
49:51
The Nima Yamini Show
3 hours agoHow He Went From ZERO to SUCCESS
9.99K4 -
1:28:39
Robert Gouveia
3 hours agoBragg's Witnesses FLOUNDER under Cross-Examination in Trial Day 8
15.5K13 -
1:23:46
2 MIKES LIVE
8 hours ago#58 2ML Open Mike Friday where we break down the news with you!
11.3K2 -
44:37
The Amber May Show
21 hours agoThe Destruction Of America | America Is At War
10.3K5 -
2:39:32
Roseanne Barr
6 hours agoNightcap at the Plaza with Tyler Fischer | The Roseanne Barr Podcast #45
67.2K133