Wealthy Dad Poor Dad writer Robert Kiyosaki is as soon as once more warning that the US economic system is getting ready to a catastrophic market crash on par with the Nice Despair.
In a brand new thread on the social media platform X, the best-selling private finance writer says that traders must be foregoing shares and bonds in favor of gold, silver, and Bitcoin (BTC) as US nationwide debt continues to mount.
In line with Kiyosaki, even legendary billionaire traders Warren Buffett and Jim Rogers have deserted shares and bonds.
“Do you might have a 401k or IRA full of shares? Have you learnt funding legends Warren Buffett and Jim Rogers have bought most if not all of their shares and bonds? They’re each in money or silver. If you happen to have no idea why Buffett and Rogers have bought their shares and bonds chances are you’ll need to discover out.
I sit tight with gold, silver, and Bitcoin. Good luck. We could also be getting ready to one other 1929 crash and one other Nice Despair. America’s debt is uncontrolled. America is the world’s greatest debtor nation in historical past. You may solely print cash to pay your payments… for thus lengthy.”
In June, Kiyosaki mentioned that he believes silver was undervalued and that it is going to be one of many belongings traders flock to when the US inventory and bond markets collapse.
“The most important cut price as we speak is silver. In 2025, silver might 3x. The higher information is silver remains to be 60% beneath all-time highs… nonetheless about $35… whereas gold and Bitcoin are at or close to all-time highs…
Silver is priced round $35 an oz., which suggests nearly everybody wherever on this planet… has an opportunity to develop richer… whereas tens of millions develop poorer.”
Earlier this month, he predicted that the highest crypto asset by market cap may in the future attain a staggering price ticket of $1 million per token, and thus its present value is a cut price.
BTC is buying and selling for $118,080 at time of writing, a fractional lower on the day, whereas silver is valued at $36.69 per ounce.
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