Robert Kiyosaki, the author of the bestselling personal finance book “Rich Dad Poor Dad,” is once again making headlines with his bold investment advice. This time, Kiyosaki is urging people to stockpile gold, silver, and Bitcoin as a hedge against inflation and a potential economic downturn.
Kiyosaki has long been a proponent of alternative assets, advocating for investments outside of traditional stocks and bonds. He views gold, silver, and Bitcoin as a way to protect wealth from the “fake money system” and the eroding value of fiat currencies due to inflation. In a recent tweet, Kiyosaki stated, “Great News Gold reaches new high. Bad News: Workers and savers are losers.”
This isn’t the first time Kiyosaki has championed these specific assets. He has repeatedly expressed his belief that Bitcoin, along with gold and silver, will benefit from a weakening global economy. He even suggests a specific allocation strategy, recommending that investors put 75% of their portfolio into these three assets, with the remaining 25% going towards real estate and oil stocks.
Kiyosaki’s advice has sparked debate within the financial community. Some experts agree that these assets may hold value during economic turmoil, particularly gold, which has historically served as a safe-haven investment. However, others caution against such a concentrated portfolio, highlighting the volatility associated with Bitcoin and the potential for silver prices to fluctuate significantly.
While Kiyosaki’s predictions about a major crash remain to be seen, his message resonates with many worried about rising inflation and the stability of the global financial system. His endorsement of Bitcoin is particularly noteworthy, as it comes from a mainstream financial figure who has traditionally focused on more established asset classes.
Whether you agree with Kiyosaki’s strategy or not, his pronouncements serve as a reminder of the importance of financial literacy and diversification in today’s uncertain economic climate.