American businessman and investor Robert Kiyosaki is an author with more than 26 books translated into 51 languages.
Kiyosaki, one of the most famous economics writers of the USA and even the world, made a general assessment about all markets.
Speaking to Kitco News, Kiyosaki stated that the world’s biggest economic crisis will begin as of October and continued his statements as follows:
It will be the biggest collapse in world history. Debt rates have never been this high. This is the biggest problem. Debt needs to be in sync with gross national product, but it’s not like that at the moment. When the economies start to collapse, everything will move downwards and turn upside down. That’s when I will buy gold, silver and Bitcoin.
Expressing that the possible collapse will begin with the decisions to be taken from the FED, the famous name said that the decisions taken by the institutions are not beneficial to the economy.
In this context, evaluating the best investment time as “October”, Kiyosaki said, “In October, the markets will go down at first, but the collapses are good opportunities to get rich. I think stocks will not recover very well after this crash. But I think gold and Bitcoin will recover very quickly and the rally will begin.”