According to Odaily, Robert Kiyosaki, the author of 'Rich Dad Poor Dad' and a renowned financial educator, has reiterated his concerns about the global economic situation. He predicts that billions of dollars will flow into gold, silver, and Bitcoin this summer. In a post on the X platform, Kiyosaki warned of an impending major crisis, similar to what he forecasted in his 2013 book 'Rich Dad's Prophecy.'
Kiyosaki expressed his belief that the collapse of stock and bond markets is imminent and will persist throughout the summer. He highlighted that millions, particularly from the baby boomer generation, could face financial losses. However, he also noted that many proactive individuals might become significantly wealthy.
He emphasized that as the stock, bond, and real estate markets decline, substantial investments will be directed towards gold, silver, and Bitcoin. Kiyosaki pointed out that silver is currently the most affordable option, with its price potentially tripling by 2025. Despite being 60% below its historical high, silver remains around $35, while gold and Bitcoin are at or near their peak values.
Kiyosaki plans to visit local gold and silver dealers to exchange fiat currency for physical silver, avoiding ETFs. He described silver as the biggest bargain at present, with its price offering nearly everyone the opportunity to increase their wealth, while millions may become poorer.
He concluded by urging individuals to choose to become wealthier and take care of their financial futures.