“Rich Dad Poor Dad” author Robert Kiyosaki accumulates bitcoin, gold and silver

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Robert Kiyosaki.

The Rich Dad / YouTube Channel

Robert Kiyosaki is betting on bitcoin, gold and silver in anticipation of an epic stock market crash. The author of “Rich Dad Poor Dad” advises investors to be patient and wait for the bargain. Kiyosaki expects the US dollar to collapse and interest rate hikes to trigger a sell off. See more stories on the Insider business page.

“Rich Dad Poor Dad” author Robert Kiyosaki is hoarding gold, silver and bitcoin in anticipation of a sharp market downturn – and preaching patience to investors as he expects a windfall after the crash.

“Bitcoin is booming. Gold is stagnating. Silver is 50% below historic highs,” he recently tweeted. “Money is the best, least risky and high potential investment. Bitcoin has the greatest potential. With the dollar falling, bitcoin and silver are the best investments.”

Kiyosaki, the founder of Rich Dad Company and Rich Global, expects the flood of government stimulus measures during the pandemic to fuel a collapse in the value of the dollar. When the Federal Reserve raises interest rates to cool the economy, asset prices will plunge, he predicted earlier this year.

The personal finance guru hopes to minimize the impact on his wallet by placing his money in cryptocurrencies and precious metals, which he sees as safe-haven assets. He also sees them as safer places to put his money.

“The main reason I invest in bitcoin, gold and silver is because I don’t trust our leaders, the Fed, the Treasury or the stock market,” he said. he tweeted in August.

Kiyosaki’s best-selling book details his experience growing up with a poor dad, observing his friend’s rich dad, and noticing the differences in the two men’s spending, saving, and investing habits. The author quoted the well-to-do parent in an August tweet to highlight the current risks for investors and the need to preserve their wealth.

“My rich dad’s words of wisdom: ‘Always remember … Las Vegas was NOT built on winners,’” he said. “I would add,” Neither does Wall Street. “Be careful, in 2021, the future losers are everywhere.”

Kiyosaki called the boiling US real estate market risky in late July and advised investors to sniff deals elsewhere.

“Be careful,” he tweeted. “The real estate bubble will burst if interest rates rise. Good deals after the crash. The best deal is always money. Still 50% below all-time highs.”

“It’s time to be patient and not greedy,” he added.

Kiyosaki’s latest comments echo his warnings and advice earlier this year.

“The biggest bubble in the history of the world is getting bigger,” he tweeted in June. “The biggest crash in the history of the world to come. Buy more gold and silver. Wait for bitcoin to drop to $ 24,000. This is the best time to get rich. Be careful.”

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