Gold, Currency, Real Estate and the New Economy - Determining Real Value

Rich Dad Advisor Wayne Palmer is our special guest as we explore the topic of value in the new economy.  Americans tend to denominate value in dollars.  But after substantial quantitative easing by the Fed, the dollar has dropped. Meanwhile, commodities like gold and oil have gone way up - at least when denominated in dollars.  But if gold will buy roughly the same amount of oil as it did 10 years ago and vice versa, the only thing that changed is what the dollars will buy.  And when the value of the dollar is warped, so then is our sense of real value. More dollars don't necessarily make you richer if they won't buy any more items of real value (ever tried to eat dollars?).  Therefore, Wayne says the number one skill for successful bargaining, in real estate or anything else, is knowing how to discern true value apart from dollars.  Listen in as Wayne, Robert and Russ talk though this fascinating and timely issue and how you can prepare yourself to do business without dollars.  The Real Estate Guys Radio Show podcast provides education, information, training and resources to help investors make money with their real estate investments.  Learn more at www.realestateguysradio.com and sign up for the free newsletter.