October 22, 2023

Robert Kiyosaki, Author of 'Rich Dad Poor Dad,' Offers Insight on Gold, Silver, and Bitcoin

Renowned financial author Robert Kiyosaki, famous for his best-selling book 'Rich Dad Poor Dad,' recently shared his views on the future price trends of key financial assets. He believes these assets will outperform traditional fiat currency.

In a recent post on X on October 20, Kiyosaki expressed his confidence in the potential of gold, silver, and bitcoin as investments. He indicated that these assets are poised for significant growth in the near future.

Kiyosaki suggested that once the price of gold crosses the $2,000 mark, it is likely to experience substantial gains, while bitcoin seems to be heading toward surpassing the $100,000 milestone. During this discussion, Kiyosaki maintained his skepticism about the value of the US dollar, referring to it as "fake". According to him:

“Gold will soon break through $2,100 and then take off. You will wish you had bought gold below $2,000. Next stop gold $3,700.  Bitcoin testing $30,000. Next stop Bitcoin $135,000. Silver from $23 to $68 an ounce. Savers of fake dollars F’d. Please tell your friends to 'Wake up'. Take care.”

Kiyosaki has consistently taken a bullish stance on bitcoin, and earlier he indicated his belief that the leading cryptocurrency will exceed $100,000 in the coming year.

Kiyosaki's recent prediction aligns with his previous advice, where he emphasized the importance of holding alternative assets like gold, silver, and bitcoin as a hedge against inflation. He pointed out the negative impact of inflation on the less affluent while favoring wealthier individuals.

The author remains convinced that these three assets present an attractive opportunity, underscoring his belief that the financial situation in the United States is precarious. He also issued a warning about a potential crash in the stock market and the real estate sector.

“More important question is how many gold, silver, bitcoins do you have TODAY?  Gold, silver, bitcoin are bargains today… but not tommow. America is broke. Buy GSBC today before stocks, bond, real estate crash & people rush for GSBC,” he advised.

Notably, Kiyosaki's perspective primarily focuses on the United States, where he has predicted the decline of the US dollar as a harbinger of the "American Empire's" downfall. This forecast is driven by the increasing trend of several nations moving away from the US dollar as the world's primary reserve currency.

Kiyosaki's recommendation to invest in gold, silver, and bitcoin is also influenced by his concerns about the potential introduction of Central Bank Digital Currencies (CBDCs). He believes CBDCs could erode privacy and have significant implications for traditional currencies.

He cautioned that once CBDCs become mainstream, assets such as gold, silver, and bitcoin will become even more valuable as alternatives to these government-controlled digital currencies.

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