Robert Kiyosaki warns of a “giant crash coming,” the time to buy gold, silver and bitcoin is now
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(Kitco News) Rich Dad Poor Dad author Robert Kiyosaki has issued a warning to investors following the latest wave of layoffs at tech giants such as Google, Microsoft, Amazon and Facebook, telling his 2.3 million Twitter followers that a major market crash has arrived.
“CRASH is here,” Kiyosaki tweeted on Friday. “Silicon Valley’s first domino falls, laying off 144,000 in 2022. 66,000 more [in] 2023.” The author and entrepreneur added that Stansberry Research is predicting a Valentine’s Day massacre and warned that “Everything will crash, including prices [of] gold silver, [and] bitcoin.”
CRASH is here. Silicon Valley’s first domino falls, laying off 144,000 in 2022. 66,000 more in 2023. VALENTINE’S DAY MASSACRE predicted by Stansberry Research. Everything will crash, including the prices of gold, silver, BC. Do not panic. Good news. I want to buy more G,S,BC real money with fake $.
— Robert Kiyosaki (@theRealKiyosaki) 10 February 2023
Kiyosaki went on to tell his readers not to panic as this is actually “good news”, adding that he intends to buy more gold, silver and bitcoin – which he refers to as real money – “with fake [money].”
After the impending crash, the author of Rich Dad Poor Dad believes the Federal Reserve will be forced to print billions to prop up markets, further expanding the nation’s debt and eroding the value of the dollar.
Kiyosaki’s warnings have become more frequent in 2023, and the author asked his followers in late January, “What’s worse than a Great Depression?”, to which he replied, “A global recession.”
Question: WHAT IS WORSE THAN A GREAT DEPRESSION? A: a global recession. UNFORTUNATELY we are in a GLOBAL RECESSION. Wait. Rough landing for the world. BAD NEWS Bankruptcy, unemployment, homelessness are on the rise. Pensions toast. GOOD NEWS. Bargains everywhere. Gold, Silver, BC FREE.
— Robert Kiyosaki (@theRealKiyosaki) 28 January 2023
“Unfortunately, we are in a global recession,” he added. “Wait a minute. Rough landing too [the] world. BAD NEWS Bankruptcy, unemployment, homelessness are on the rise. Pensions toast. GOOD NEWS. Bargains everywhere. Gold, Silver, BC FREE.”
Kiyosaki pointed to the rising prices of gold, silver and bitcoin in January as evidence that financial conditions in the United States are worsening, saying their prices are climbing higher because “America’s poor and middle class are getting poorer [and] deeper into bad debt.” He went on to implore his followers not to “get poorer” and “at least buy one silver coin,” saying, “Just $30 and start getting richer.”
Q: Why is gold, silver, Bitcoin going higher? A: Because America’s poor and middle class are getting poorer and deeper in bad debt. Please don’t get poorer. Buy at least one silver coin. Just $30 and start getting richer.
— Robert Kiyosaki (@theRealKiyosaki) 31 January 2023
To make sure his readers got the message, Kiyosaki posted a new warning on Monday emphasizing the fact that a “gigantic crash [is] coming.”
Huge crash coming. Depression possible. Fed forced to print billions in fake money. By 2025 gold at $5,000 silver at $500 and Bitcoin at $500,000. Why? Because faith in the American dollar, fake money, will be destroyed. Gold and silver God’s money. Bitcoin people’s $. Have a good time.
— Robert Kiyosaki (@theRealKiyosaki) 13 February 2023
As is his custom, Kiyosaki implored his followers to store their wealth in gold and silver, which he calls “God’s money,” or Bitcoin, which he calls “the people’s money.”
Disclaimer: The views expressed in this article are those of the author and may not reflect the views of Kitco Metals Inc. The author has made every effort to ensure the accuracy of the information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is for informational purposes only. It is not an invitation to exchange goods, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept responsibility for any loss and/or damage arising from the use of this publication.
