What Schools Will Never Teach You About Money By Robert T. Kiyosaki

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.
it quantitative easing. The reason they changed the name from
printing money to quantitative easing is because it sounds more 
intelligent, even though it is financial suicide.
If you or I wrote a check without money in the bank account,
we would go to jail.
This is why saving money is an oxymoron.
Fin Ed Definitions
T-bills, T-notes, and T-bonds 
are debt issued by the U.S. Treasury. 
The difference between the three is the length of maturity.
• T-bills are issued for terms less than a year.
• T-notes are issued for terms of 2, 3, 5, and 10 years.
• T-bonds are issued for terms of 10 years or more.
 
Fin Ed Definitions 
Inflation vs. hyperinflation: 
Inflation simply means there is more 
money chasing fewer goods and services.
Hyperinflation has little to do with money supply, as many people 
believe. Hyperinflation can be an excess of money or a shortage 
of money. The issue with hyperinflation is simply that no one 
wants the money, regardless of how much or how little there is. In 
hyperinflation, money is as valuable as used toilet paper. No one wants 
it. It becomes a joke. 
To pay for the Revolutionary War, the Continental Congress created 
the Continental Dollar. The problem was that the war lasted a long 
time and they kept printing Continentals to pay soldiers and buy war 
supplies. When the Continental’s value went to zero, soldiers and 
suppliers were left with nothing, hence the saying, “Not worth
a Continental.”

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Chapter Four
Unfair Advantage
127
126
It is because of Federal Reserve Bank leaders like former Chairman 
Greenspan and current Chairman Bernanke that I bought a gold mine 
in 1997. I knew they were destroying the dollar.
Kim and I also bought as much gold as possible before the year 2000, 
when gold was below $300 and silver was less than $3 an ounce.
For those considering saving precious metals rather than saving 
money, I would start with silver. In 2011, silver is a much better 
investment than gold. I say this because there is now more gold on 
planet earth than silver. Gold is also hoarded, which is why there 
is so much gold. Silver is used, much like oil, which is why there is 
much less silver than gold. 
It is possible, someday in the not-too-distant future, that silver will 
be more expensive than gold. But please do not take my word for it. 
Do your own research.
For years, central banks were dumping gold and buying dollars. 
Today, they are dumping dollars and buying gold, increasing the price 
of gold, causing their currency to become worthless, and making life 
harder on the people of their country. Talk about the best-educated 
people doing stupid things.
My point is that you can lose money buying gold. If you had purchased 
gold in 1980, you would still be losing money today, even with gold at 
$1,300. The price of gold will need to hit $2,400 for you to have made 
your $850 in 1980 dollars back. If you can lose money buying gold, you 
can lose money buying anything.
This is why safe investments
is an oxymoron.