‘Rich Dad’ Robert Kiyosaki explains what will crash the economy. Then he says what will save investors. Kiyosaki recommends gold and these investment instruments to avoid collapse.
“Buy gold, silver and Bitcoin before Fed pivot”
Robert Kiyosaki, author of the personal finance book “Rich Dad, Poor Dad,” argues that continued Federal Reserve policies to contain inflation acted as a catalyst for an economic collapse. According to Kiyosaki, increases in interest rates harm the economy. Therefore, he notes, stocks, bonds and real estate will be the main losses.
As a security measure, however, Kiyosaki points out that precious metals such as Bitcoin (BTC) and gold can offer investors a buffer. The famous financial expert shared the following about this issue on his Twitter account on October 29:
Gold and silver prices are falling as the Fed continues to raise interest rates. Silver is out of stock. That’s why I buy physical gold. Raising interest rates kills the economy. Stocks, bonds and real estate will collapse. The Fed will change direction. Buy gold, silver and Bitcoin before the Fed pivot. Be careful.
How to adapt to a possible economic collapse?
Interestingly, Kiyosaki points out that most people will have to go the extra mile and adapt if the economy collapses. It equates the scenario with the Vietnam war experience. Based on this, Robert Kiyosaki makes the following statement:
I didn’t have to go to Vietnam. I was exempted from military service because I was in the oil industry. Still, I volunteered for the US Marine Corps and flew helicopter warships. Big decision because I had to grow up. Many people will grow up in this impending collapse. However, many will also perish. Be careful.
cryptocoin.com As you follow, Kiyosaki has long accused the Federal Reserve of creating an economic collapse through its methods of dealing with inflation. In particular, the popular finance writer claims that the institution is responsible for the rising inflation.
Does Bitcoin have potential to protect wealth?
In this line, Kiyosaki states that investors can store their wealth in Bitcoin. The leader notes that the cryptocurrency will protect the wealth. On the other hand, Kiyosaki argues that Bitcoin will not protect income in an economic collapse. Therefore, he recommends finding side investment vehicles.
Overall, amid rising inflation, Kiyosaki argues, traditional financial products are at risk of collapsing. For example, he suggested that the dollar would likely collapse in early 2023. But he defended silver.
