WORLD AT SIX, JULY 3 - SA is the place to invest

Robert Kiyosaki, entrepreneur and renowned author of 'Rich Dad, Poor Dad', is betting on South Africa and a gold price of between $1000/oz and $1500/oz. Why? Well, because South Africa is the gateway to Africa, America is going down and George Bush is still president.

Bruce Whitfield:
It is a great privilege to welcome also to the 'World at Six', Robert Kiyosaki. You might know him from the many books he has written, amongst them, 'Rich Dad, Poor Dad', but he is also known as an entrepreneur. In South Africa at the moment, and Robert as I understand it, you have got a meeting at the JSE this evening. Is it a possible business venture you are looking to launch in South Africa?

Robert Kiyosaki:
It is more fact finding to find out what they look for in a public listed company. Right now, I am listed off of Toronto.

Bruce Whitfield:
And that is your silver business?

Robert Kiyosaki:
Silver and gold and oil. So, Canada is very similar to Africa, the fact that you are resource based. As I am very bullish on resources right now, the whole world is, because five years ago, when I came here and I said buy real estate, now I am saying, stay with gold for a while more.

Bruce Whitfield:
So gold is one of your passions, silver is another of your passions. You are also wisely invested in oil at the moment. But I am interested in why you were bullish about South Africa, why would you be considering perhaps a listing of a business on the JSE?

Robert Kiyosaki:
Well, because South Africa is the gateway to Africa and Africa has its problems, like in Zimbabwe and other parts. But those things will work out and like I said, you are a resource country and that is going to drive the world.

Bruce Whitfield:
And it is a resource rich continent as well, you must not forget.

Robert Kiyosaki:
Yes, that is what I am saying. This is why I have got to come here and at least get a total. A number of years ago, I went to China in 1996 and everybody said what the hell are you doing there, and now, I look like a genius.

Bruce Whitfield:
It is always nice to look like a genius, especially when you have taken some financial risk, and financial risk is what it is all about. But Richard Branson, who is a man I know you admire and respect, he sat in that very chair last week to launch Virgin Money in South Africa. There is an enormous amount of foreign interest, foreign capital looking at this market.

Robert Kiyosaki:
Absolutely, you have to look at Africa, or else you are not in the world anymore. Because, you know today, it does not make a difference where you live really, with the cyber world we live in and the digital world, you can be anywhere and live anywhere and do business anywhere. But this is like I said, a resource rich continent, when the problems get worked out, you will just keep booming.

Bruce Whitfield:
And that is again, where the risk and opportunities lie. Any entrepreneur like yourself goes in and calculates those risks.

Robert Kiyosaki:
Absolutely, plus the US is going down. The reason I am betting on gold is the dollar is getting weaker and weaker, so I am bullish that gold gets at least $1000, to $1500 US, it could be this year or next year, so that is why Johannesburg or South Africa is the place to be right now, because you have the richest mines in the world.

Bruce Whitfield:
In terms of the gold price, what is it? I mean, you mentioned of course, the weaker dollar driving the gold price, but that is not the only factor, though. Is there global instability, are you concerned about what is going on with inflation in the United States, where the economy is being managed, instability in terms of conflicts in Iraq for example.

Robert Kiyosaki:
Well if you had Bush for a president, you would be worried too.

Bruce Whitfield:
Well, the point is the world has got to worry, because the guy is in there for another couple of years.

Robert Kiyosaki:
And then Hilary is after that.

Bruce Whitfield:
The lesser of two evils potentially, it depends on your perspective. But, again, government policies do influence the way in which economies operate.

Robert Kiyosaki:
Absolutely, and the US problems are bigger than the US can handle. For example, we have the baby boom generation set to retire, our national debt and our dollar, as a reserve currency of the world and with Bush as president, I would rather bet on gold.

Bruce Whitfield:
Rather bet on gold, and that is why you have a meeting at the JSE this evening, talking about a potential listing of a business in this country. I am assuming, from what we have been talking about, that it is a resources business?

Robert Kiyosaki:
Absolutely.

Bruce Whitfield:
And the opportunities, traditionally, a lot of venture capital, a lot of the riskier listings tends to go to Toronto, to maybe the A market in London. Why particularly the JSE? Do you really need to be in this particular market?

Robert Kiyosaki:
I just want to find out. I really want to find out what their requirements are and what advantages they have. Not the pro and cons, I have got to keep an open mind. But number one, I love South Africa and I have been coming here for a number of years. I come here for the tri nations, I am a rugby player, plus I am a hunter, and it is a great sportsman environment, but like I said, it is the gateway to Africa.

Bruce Whitfield:
Robert Kiyosaki, we are running out of time, but thank you very much for joining us on the 'World at Six' this evening. Nice to see you in South Africa. He is a hunter, not only for animals no doubt, but also for opportunities. Meeting with the JSE this evening, we will watch that one


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