Robert Kiyosaki, the famous author of "Rich Dad Poor Dad," issued a new warning he described as urgent, saying: "The biggest market crash in history is actually happening now."
In a post he shared on the "X" platform, Kiyosaki did not hesitate to express his concerns, saying: "I hope I am wrong... but as I predicted earlier... the biggest collapses in the stock, bond, and real estate markets... are about to happen in the very near future."
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Rich Dad warns that the biggest market collapse in history is happening now
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Investing.com - Robert Kiyosaki, the famous author of "Rich Dad Poor Dad," issued a new warning he described as urgent, saying: "The biggest market crash in history is actually happening now."
In a post he shared on the "X" platform, Kiyosaki did not hesitate to express his concerns, saying: "I hope I am wrong... but as I predicted earlier... the biggest collapses in the stock, bond, and real estate markets... are about to happen in the very near future."
Kiyosaki first predicted a catastrophic collapse in his book "Rich Dad’s Prophecy" published in 2002. Today, with increasing market volatility, it is believed that his old warning is indeed starting to come true.
Gold, silver, and Bitcoin as safe havens
As for the solution Kiyosaki suggests, it is continuous investment in what he calls "real assets," where he stated: "That’s why I have been investing in gold, silver, and Bitcoin."
Kiyosaki predicted that the price of silver, which is currently trading at around $35, could "explode to double its value" and reach $70 by 2026.
Kiyosaki indicated that he expects the Federal Reserve and the U.S. Treasury to resort to their previous policies in case the collapse worsens, by printing more money. He considered that this move could be catastrophic for the average American citizen.
He added, saying: "If the markets collapse... it is likely that the Fed and the Treasury will print trillions of fake dollars... which will increase the money supply (M2) and could lead to massive inflation."
He continued explaining: "Simply put, I do not trust the Federal Reserve and the Treasury. They will run the fake money printing machine."
To protect wealth from the upcoming inflation
Kiyosaki affirmed, saying: "I trust gold, silver, and Bitcoin to protect me from the massive inflation coming... resulting from the loss of purchasing power of fake money... and that’s why I have been warning for years saying: savers are losers."
In recent weeks, Kiyosaki has been notably active in his comments on the markets. He previously predicted that the price of Bitcoin would reach $200,000 this year, and even exceed the million-dollar mark by 2035. On April 20, he told his followers that he had returned to buying silver again, describing it as "the best investment deal available right now."
Kiyosaki's latest message to followers
Kiyosaki concluded his warnings with a repeated advice to his followers, urging them to hedge against the dollar collapse by investing in Bitcoin, gold, and silver, and to avoid traditional saving methods.
He said
In closing his message: "I want you to become richer... not poorer. Take care of yourselves."
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