Robert Kiyosaki Warns of Historic Financial Crash, Advocates Gold, Silver, and Bitcoin Investments
December 21, 2024He predicts that the financial markets are on the brink of a historic crash, stating, 'The world is about to crash financially.'
Robert Kiyosaki, the author of 'Rich Dad Poor Dad', has issued a stark warning about an impending global financial crisis, urging immediate action to safeguard wealth.
He predicts that Bitcoin could soar to $350,000 by 2025, driven by support from the new U.S. president who plans to establish a Strategic Bitcoin Reserve.
Kiyosaki expresses deep distrust towards the U.S. government and the Federal Reserve, labeling the financial system a 'Den of Thieves' due to excessive spending.
He recalls the pivotal moment in 1971 when President Nixon removed the gold standard, which historically supported the U.S. dollar, further fueling his skepticism.
Kiyosaki's distrust in the U.S. financial system began in 1965 when he observed that U.S. silver coins were replaced with cheaper alloys, marking the start of his concerns about fiat currency.
He describes fiat currency as 'fake money' that harms the public, advocating for investment in real, tangible assets to preserve wealth.
Currently, Kiyosaki advocates for investing in gold, silver, and Bitcoin as the best assets for wealth preservation.
He believes that investing in Bitcoin, physical gold, and silver is safer than holding fiat currency or investing in fiat-based assets.
Kiyosaki advises investors to accumulate Bitcoin gradually, noting its recent price fluctuations from over $108,000 to around $99,150 after a significant drop.
Emphasizing the importance of financial education, Kiyosaki encourages individuals to learn about money and make independent investment decisions.
He recommends utilizing resources like YouTube to gain financial knowledge and take control of personal finances.
Summary based on 2 sources
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Sources
Investing.com • Dec 21, 2024
'Rich Dad Poor Dad' Author Names Best Assets for Your MoneyCoinpedia Fintech News • Dec 21, 2024
Global Financial Crisis Ahead? Kiyosaki Urges Investment in THESE 3 Assets