Robert Kiyosaki, the famous author of the bestselling book ‘Rich Dad Poor Dad’, has been warning about the impending global economic collapse for some time now. The crisis oracle predicted which markets might crash for the first time yesterday and how the gold and cryptocurrency markets would be.
Robert Kiyosaki discusses the power of gold and cryptocurrencies in the collapsing world economy
The famous finance writer once again emphasized his prediction that the world economy is on the verge of collapse. It warned investors of bank liquidations, frozen investment accounts and the risks of bail that could come later. Kiyosaki said on Tuesday that the world economy is on the verge of collapse, talking about the various risks that could hurt investors:
The world economy is on the verge of collapse. Does he work in the next banks? Are savings frozen? Is there bail next?
“I will buy these”
Kiyosaki then urged investors to buy silver. “You can buy a real silver coin for about $25,” he said. But investors complain that when they follow his advice and buy silver coins, they don’t make any money. The famous writer said of these investors: “I just want you to be prepared for what is to come.”
Crisis seer awaits these record levels in gold and Bitcoin
The Rich Dad Poor Dad author has also expressed his concerns over the impending market crashes many times in recent months. It recently warned against investing in stocks, bonds, mutual funds, and exchange-traded funds (ETFs). He stated that the best investments for times of crisis are Bitcoin, gold and silver. He referred to gold and silver as God’s money, while describing Bitcoin as “the people’s money”.
Kiyosaki predicts that by 2025, the price of Bitcoin will rise to $500,000, gold to $5,000 and silver to $500. He expects the price of gold to reach $3,800 and silver to $75 this year. He said that gold, silver and BTC investors will get even richer when the Fed turns around and prints trillions of dollars. He noted in January that we were in a global recession, warning of rising bankruptcies, unemployment and homelessness.
Robert Kiyosaki, what kind of crisis environment awaits
In times of financial crisis, depositors can panic and withdraw their money all at once, resulting in a bank run and savings account freeze. Additionally, if a bank faces bankruptcy, it can impose a surety, in which the bank uses depositors’ funds to keep itself afloat. All this can hurt investors financially.
Kiyosaki has often said that he does not trust the Biden administration, the Fed, the Treasury and Wall Street. He had previously warned that the Fed’s action could destroy the US economy and the dollar.
cryptocoin.com Robert Kiyosaki, whose analysis we share with you, says that the world economy may collapse in an expected short term. Rich Dad Poor Dad is a 1997 book co-written by Kiyosaki and Sharon Lechter. It has been on the New York Times Best Seller List for over six years. More than 32 million copies of the book have been sold in over 109 countries in over 51 languages.
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