- This past week, renowned financial author Robert Kiyosaki took to social media platform X to share his insights on the current state of the economy, gold, and bitcoin.
- Kiyosaki’s best-selling book, “Rich Dad Poor Dad,” underscores his belief in the value of tangible assets, a perspective he reiterated in his recent post.
- He questioned the ongoing debates between gold and bitcoin, suggesting that the real measure lies in the quantity of these assets one owns.
Robert Kiyosaki’s recent comments highlight the importance of owning real assets amidst economic uncertainty, sparking further discussions on the value of gold and bitcoin.
Kiyosaki’s Stance on Gold vs. Bitcoin
In his recent remarks, Kiyosaki questioned the ongoing debates over which asset, gold or bitcoin, is superior. He expressed that the critical factor is not the inherent qualities of the assets but rather the quantity held by individuals. “I don’t get it. Why all the debate about what is better? gold or bitcoin? In my opinion, the only facts that count are how many gold coins do you own and how many bitcoin? End of discussion,” he stated.
Economic Concerns Linked to Bond Market Crashes
Kiyosaki also raised concerns about the bond market crash, attributing it to deeper systemic issues within the global economy, which is heavily reliant on debt. “The bond market is crashing. Do you realize the world economy is based on debt? A bond is debt, and the whole world is floating on it, and this collapse signals deeper economic troubles,” he explained. He further noted that while market crashes are often visible to the public, banking crises are concealed and potentially far more hazardous.
Investing in Physical Assets During Turbulent Times
In response to these economic uncertainties, Kiyosaki emphasized his strategy of investing in physical assets like gold, silver, and bitcoin. “I’m a hardcore believer of gold and silver, real money, not fake money,” he proclaimed. This investment approach, according to Kiyosaki, is a hedge against the ongoing financial instability and the perceived risk of traditional currency devaluation.
Concerns Over U.S. National Debt
Highlighting the escalating U.S. national debt, which has now surpassed $35 trillion, Kiyosaki voiced his concern that this is a problem that neither political candidates in the upcoming election can resolve. He elucidated how the interest payments on this debt alone exceed $1 trillion annually, illustrating the severity of the situation with a stark analogy: “If you spent $1 a minute it would take 31,688 years to spend 1 trillion dollars.”
The Decline of the U.S. Dollar
Echoing his long-held views, Kiyosaki reiterated that the U.S. dollar is losing its value and urged individuals to stop saving in what he termed as “fake money.” Instead, he advocated for investments in gold, silver, and bitcoin, which he considers “real money.” This advice aligns with his overarching philosophy that tangible assets provide a safer and more reliable store of value amid financial instability.
Conclusion
Summarizing his points, Kiyosaki warns of the latent economic dangers and underscores the need to invest in tangible assets like gold, silver, and bitcoin. His insights prompt a reevaluation of traditional financial strategies, urging individuals to safeguard their wealth against the looming economic uncertainties.
