Author of 'Rich Dad Poor Dad" Robert Kiyosaki Expects Major Shift in Economy
Robert Kiyosaki on Protecting with Gold
In a recent interview with Kitco News, author of ‘Rich Dad Poor Dad’, Robert Kiyosaki, issues a dire warning regarding the state of our currency. He touches on stocks, bonds, banks, the debt ceiling, and real estate. He also issues advice on how to prepare for what economic reality he believes we will face.
In this interview, tweets are surfaced regarding the recent statement by the Russian Embassy that BRICS nations is getting ready to launch a new trading currency that would be backed by gold. Although no further comments have been made by the BRICS nations to confirm nor deny, what we have gotten responses on are very vague. To sum these statements up, the BRICS nations are suggesting that they need to use local currencies from member countries in order to strengthen their economy against failing fiat currencies such as the Dollar. Kiyosaki has given insight into his views on these recent geopolitical issues.
Kiyosaki projects that the BRICS countries will formally announce this news at their summit at the end of August and that it will “put the nail in the coffin of fiat… fake money”. His advice on how to deal with what he expects to be the fall of the US Dollar as the World Reserve Currency is to stock up on “real money” referring to gold and silver.
In another tweet from Kiyosaki, he refers to the stock market with an ominous view stating “If your future depends on stocks and bonds please be careful, possibly ask for professional advice. Afraid depression is coming.” He has also stated his beliefs on stocks and bonds stating “WHY is stock market taking off? Because “Debt Ceiling” removed. Means national debt to rise with stock market,” he said “Rich get richer as America gets poorer. Sad. Sticking with real money & real assets: Gold, Silver, and Bitcoin”.
In June, he warned that the banking failures were not over, and he expects more banks to fail as well. He has also doubted the Real Estate markets stating that a great real estate crash was coming. In comparison to 2008, he said that The Great Recession would be mild compared to what is coming. “Greatest Real Estate crash ever. 2008 was the GFC. 2023 will make the 2008 GFC look like nothing. In 2019 Office Towers in San Francisco were hot” he tweeted. “In 2023 the same buildings have lost 70% of value.”
As one of the most influential financial educators in the world, it wasn’t surprising that his insight is leading more and more preppers to the gold and silver markets. Safe haven demand is at an all-time high. Our advice is don’t be a part of the herd. Call one of our professional representatives and ask about how you can protect your assets today!