Robert Kiyosaki Warns of Global Monetary Collapse: Invest in Gold, Silver, and Bitcoin
Financial expert Robert Kiyosaki warns of a debt bubble burst, urging investments in gold, silver, and Bitcoin amid potential monetary collapse.
<p>Renowned financial expert and author Robert Kiyosaki has issued a stark warning about an impending global monetary collapse, urging individuals to reconsider their financial strategies. On Sunday, Kiyosaki took to the platform X, advising his followers to invest in gold, silver, and Bitcoin (BTC/USD) as a safeguard against a potential global debt bubble burst.</p> <p>Kiyosaki, famous for his best-selling book “Rich Dad Poor Dad,” emphasized, “I recommend owning gold, silver, and BITCOIN if you want to be richer when the Global Debt Bubble bursts.” He highlighted that the biggest losers in such a scenario would be those who continue to rely on 'fake fiat money' and bonds.</p> <p>This assertion is consistent with Kiyosaki's longstanding belief that traditional savings approaches are outdated. He warns that clinging to conventional notions about money could lead to financial loss, advocating instead for asset diversification through precious metals and cryptocurrencies.</p> <p>The significance of Kiyosaki's warning is underscored by his previous forecasts, including a prediction of a 2025 financial crash potentially surpassing the severity of the 2008 crisis. Throughout his career, he has consistently urged households to swap fiat currencies for gold, silver, and Bitcoin, famously coining the phrase, “savers are losers.”</p> <p>Despite Kiyosaki’s strong advocacy for Bitcoin, some of his predictions have been overly optimistic. For instance, he previously projected Bitcoin would reach $250,000, attributing this to a potential collapse of the central banking system. His forecasts have included Bitcoin hitting $100,000 by June 2024 and even $350,000 by August 2024. As of now, Bitcoin is trading at $101,227.88, reflecting a decrease of 1.35% in the last 24 hours according to Benzinga Pro data. Year-to-date, Bitcoin has shown a modest gain of 7%.</p> <p>In the precious metals market, spot gold is currently priced at $3,360.19 per ounce, experiencing a slight dip of 0.24%, while spot silver has seen a marginal increase of 0.14%, trading at $36.0445.</p> <p>While Kiyosaki’s insights are valuable, it is crucial for investors to approach such predictions with a degree of skepticism and conduct thorough research before making significant financial decisions.</p>