"Saving money was the old rules. The new vocabulary is to hedge your position."
On Currencies Kiyosaki says he owns a basket of Asian currencies through ETFs as a hedge against the U.S. dollar. "It's not that I'm buying the currencies, it's that I'm hedging against my dollar position," he says. "I have a whole bunch: the Malaysian ringgit, the Singapore dollar, the Thai baht and the Philippine peso," among others. Citigroup(C Quote) offers two structured products pegged to Asian currency baskets, while the iShares Malaysia Fund(EWM Quote) and iShares MSCI Singapore(EWS Quote) offer investments in those currencies. On Commodities "I like silver and oil the best because both are consumable commodities," Kiyosaki says, noting that the consumption of silver, as well as platinum, is going up. "I own a lot of gold, but gold is a hoarding commodity." Kiyosaki says he hedges against the dollar using gold and silver, and remains liquid by buying gold and silver ETFs. "Every time gold and silver drop, I buy the ETFs," he says. "I think gold is going to bounce at $850, and when it bounces, I'm going to buy the ETF." Though Kiyosaki declined to name the specific ETFs in which he's invested, ETFs such as the SPDR Gold Trust(GLD Quote) and iShares Silver Trust(SLV Quote) allow people to invest in those previous metals. Kiyosaki owns oil wells, too. He remarks on the price of gasoline that "as a consumer, I'm upset," but that when he notes the price of oil, "as a producer, I'm happy."- Loading Comments...
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| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,269.34 | 1,096.13 | 2,161.37 | 34.74 |
Oil *
77.38
|
|
UP
22.37
|
UP
3.12
|
UP
10.29
|
DOWN
0.08
|
10 Yr
3.47%
SPDR Gold
109.27
|
|
+0.22%
|
+0.29%
|
+0.48%
|
-0.23%
|
Data delayed 20 minutes |














