Why does Robert Kiyosaki say not to buy gold ETFs? It is more reliable to directly hoard gold bars, silver coins and Bitcoin?
Don’t trust institutions, stock up on real stuff yourself!
Kiyosaki recently (check the exact time yourself) called out to investors: When the next financial crisis comes, don’t always think about buying gold and silver ETF funds. Just hoard physical gold and silver, plus Bitcoin, which is much more reliable than those financial products! His logic is simple - when a crisis comes, the banks and fund companies you trust may go bankrupt faster than you lose money, and physical assets are the life-saving straw that you can control.
Why are ETFs unreliable? Three heartbreaking truths
Custody risk: You think you are buying gold, but it is actually a piece of paper
To put it bluntly, ETF is a "middleman". You spend money to buy fund shares, and the fund company buys gold for you and stores it in the warehouse. But once the company goes bankrupt (refer to Lehman Brothers in 2008), the gold in the warehouse may be snatched away by creditors, and you can only cry in the corner.
Liquidity trap: The market collapsed and you can’t sell even if you want to
If an economic crisis breaks out, the exchange may close down directly, and the price of ETFs may plummet to an absurd level, and you may not be able to save your life in time. Just like during the epidemic, some people held funds in their hands, but they were unable to withdraw them and became very anxious.
Policy black hand: The government may directly confiscate your assets
Historically, the United States forced the confiscation of private gold during the Great Depression, and some countries may also conduct similar operations now. The government can freeze the gold ETF in your account and take it away at will, but they will at least send agents to search through the gold bars under your bed.
Why do you hoard physical gold, silver and Bitcoin? Three hard truths
Gold and Silver: "Hard Currency" in Wartime
Gold has been a hard currency since ancient times. Even if banks fail and currencies depreciate, the gold bars and silver coins in your hands can still be exchanged for bread. Especially silver, which is used in home appliances and new energy vehicles, is practical and value-preserving.
Bitcoin: The "escape weapon" of the digital age
The total amount of Bitcoin is fixed at 21 million. No central bank can issue it indiscriminately, and the government cannot control it. If legal tender becomes worthless (such as Zimbabwe and Turkey), Bitcoin may become the last trading tool. But be careful - its price fluctuates greatly, so don't bet all your money on it!
It's safer to keep it yourself
Gold bars are stored in safes, and Bitcoins are stored in offline cold wallets, and the ownership is 100% yours. Unlike ETFs, you are always working for others.
Current Economy: Three Major Crisis Signals, Please Taste Them Carefully
The world is in too much debt, and it will burst sooner or later
Governments are borrowing money like crazy, and companies are issuing bonds as if they are free. Once they can't repay the bonds, the chain reaction will be a stock market crash and bank bankruptcy.
The dollar's status is no longer secure, and countries are frantically hoarding gold
After the war between Russia and Ukraine, Russia was kicked out of the SWIFT system, and China and India are secretly hoarding gold. Bitcoin is also used as a tool to bypass the US dollar. For example, Argentines use BTC directly to buy imported goods.
Stock market and housing prices are inflated, it’s all a bubble
The valuation of US stocks is even more exaggerated than during the Internet bubble in 2000, not to mention the Chinese real estate. But ETF funds are still pouring in like a game of passing the parcel - the last person to take over will surely die.
Advice for ordinary people: Don’t make these three stupid mistakes
Don’t put all your eggs in one basket, but don’t put all your eggs in the financial basket either.
You can have a little bit of stocks and funds, but gold, silver, and Bitcoin should account for at least 10%-20% of your assets. Remember: in a crisis, only physical assets can save your life.
Stock up on gold bars and silver coins, don’t buy commemorative coins!
The zodiac gold coins and panda coins sold by banks have a premium of more than 50%, which is pure IQ tax. Go to regular channels to buy standard gold bars (such as investment bars from ICBC and Bank of China), or buy American Eagle silver coins (low premium).
Don’t go all in on Bitcoin, beware of the risk of losing it to zero
It is suitable for people with high risk appetite, with a maximum allocation of 5%-10% of funds. You must use a cold wallet (such as a Ledger hardware wallet) to store coins, and never store them in an exchange - if the exchange runs away, you will have nowhere to cry.
Summary: Kiyosaki’s subtext is——
"When a crisis comes, it is better to trust yourself than to trust the organization!
The numbers in your account may evaporate overnight; but the gold bars under the bed and the bitcoins in the hard drive cannot be taken away by others."
But remember: investing is not gambling!
Buy physical gold and silver, Bitcoin is only suitable for a supporting role, don’t listen to the Internet celebrities and go all in!
Finally, a reminder: Policy risks are always present, so be low-key when hoarding gold and be anonymous when playing with Bitcoin!
There are opportunities and risks in the cryptocurrency world. Staying vigilant and finding the right time is the key. I also found a short-term skyrocketing project with great potential for doubling! If you want to keep up, click on the avatar and follow me, and share for free!
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