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What’s Driving The Price of Gold During the Pandemic - Robert Kiyosaki Quarantine Updates
Posted
July 31, 2020
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July 31, 2020
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11:03Now PlayingThe coronavirus pandemic is driving a major crisis in the commercial real estate industry. Two sources are CLO, a type of collateralized debt obligation, which is often corporate loans with low credit ratings or loans taken out by private equity firms to conduct leveraged buyouts. And CMBS, Collateralized Loan Obligations, which are backed by commercial mortgages rather than residential real estate.
In Robert Kiyosaki’s latest quarantine update, he explains this tweet:
“Q: Why are both the stock market and gold high? A: Because the US dollar is dying. Problem in CMBS Commercial Backed Mortgage Securities means office buildings, shopping malls & hotels are broke. CLO Collateralized Loan Obligation problems means CEOs are broke. Got G-S-BC?”
Watch what Robert has to say about the stock market and gold to be high during an economic crisis and what you can do to prepare during the turbulent economic times.
Facebook: @RobertKiyosaki
Twitter: @TheRealKiyosaki
Instagram: @TheRealKiyosaki
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