Robert Kiyosaki, author of “Rich Dad Poor Dad,” believes a major stock market crash—one he predicted years ago—is happening now. He warns of a potential US depression.
Market Crash and Recession Fears
Kiyosaki, citing his book “Rich Dad’s Prophecy,” claims the crash is wiping out the financial security of many investors. He’s convinced the US is heading into a recession, possibly even a depression.
Kiyosaki’s Recommended Safe Assets
Kiyosaki suggests three “non-Wall Street” assets to protect against this downturn:
- Gold: He’s been recommending gold as a safe haven for years.
- Silver: Similar to gold, silver is presented as a valuable asset during economic uncertainty.
- Bitcoin: Kiyosaki now includes Bitcoin as a worthwhile investment to weather the storm.
Why These Assets? The Dollar’s Demise
Kiyosaki argues that the Federal Reserve and the Treasury will likely print massive amounts of money to try and boost the economy. This, he says, will devalue the US dollar, leading to inflation. As the dollar weakens, the value of scarce assets like gold, silver, and Bitcoin will increase (it’s not that their price is going up, but the dollar’s value is going down).
Prepare for Rough Times Ahead
Kiyosaki concludes by urging caution, warning of difficult times ahead and advising readers to consider his suggestions.
Disclaimer: This information is for general knowledge and discussion only, and does not constitute financial advice. Conduct thorough research and consult with a financial advisor before making any investment decisions./p>
