Robert Kiyosaki Warns Last Chance to Buy Gold and Silver at Low Prices — Says Stock Market Crash Will Send Them Higher – Markets and Prices Bitcoin News

The well-known creator of the best-selling guide Rich Dad Poor Dad, Robert Kiyosaki, says now often is the final likelihood to purchase gold and silver at low costs. “Inflation moving up. Interest rates moving up. Stock market to crash sending gold and silver higher,” Kiyosaki described.

Robert Kiyosaki Expects Gold and Silver to Soar When Stock Market Crashes

The creator of Rich Dad Poor Dad, Robert Kiyosaki, says the costs of gold and silver are about to soar. Rich Dad Poor Dad is a 1997 guide co-authored by Kiyosaki and Sharon Lechter. It has been on the New York Times Best Seller List for over six years. More than 32 million copies of the guide have been offered in over 51 languages throughout greater than 109 nations.

Kiyosaki tweeted Monday that the value of gold is now over $1,800 whereas silver is over $24, including:

Inflation shifting up. Interest charges shifting up. Stock market to crash sending gold and silver increased. May be final likelihood to purchase gold and silver at these low costs.

The Rich Dad Poor Dad creator has been telling traders to purchase gold, silver, and bitcoin for fairly a while. He beforehand emphasised that he solely invests in bodily gold and silver — not gold or silver exchange-traded funds (ETFs).

Many folks on Twitter reminded Kiyosaki that he has been giving the identical warning for years. Some disagreed with the well-known creator, anticipating the value of gold to drop from the present degree.

“Gold & silver prices plunge as Fed continues raising interest rates,” Kiyosaki defined in October, including:

Raising rates of interest will kill economic system. Stock, bond, actual property will crash. Fed will pivot. Buy gold, silver & bitcoin earlier than Fed pivot.

However, he cautioned: “Gold, silver, bitcoin may protect your wealth … but not your income.” He famous: “As economy crashes, stock markets go bust, pensions crash and unemployment rises a side hustle may provide you income … Your side hustle may grow into the next Amazon or bitcoin.”

Earlier this month, the well-known creator mentioned he expects individuals who personal gold, silver, and bitcoin to get wealthy when the Fed pivots and prints trillions of {dollars}. In July, when the value of silver fell to round $20, he known as silver one of the best funding worth at this time.

Furthermore, Kiyosaki typically recommends shopping for bitcoin alongside gold and silver. He lately clarified that he’s a bitcoin investor, not a dealer, so he will get excited when BTC hits a brand new backside. In September, he urged traders to get into crypto now, earlier than the largest financial crash occurs.

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Kevin Helms

A scholar of Austrian Economics, Kevin discovered Bitcoin in 2011 and has been an evangelist ever since. His pursuits lie in Bitcoin safety, open-source techniques, community results and the intersection between economics and cryptography.

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