Robert Kiyosaki, the renowned author of the best-selling book Rich Dad Poor Dad, claims that this could be your final opportunity to purchase gold and silver at a discount. "Inflation is increasing. Interest rates are rising. When the stock market crashes, gold and silver will rise, according to Kiyosaki.
Robert Kiyosaki predicts that when the stock market crashes, gold and silver will soar.
The cost of gold and silver, according to Rich Dad Poor Dad author Robert Kiyosaki, is poised to skyrocket. Kiyosaki and Sharon Lechter co-authored the 1997 book Rich Dad Poor Dad. It has spent more than six years as a best seller in the New York Times. The book has sold more than 32 million copies worldwide in more than 51 different languages.
Kiyosaki tweeted on Monday that gold has risen to over $1,800 and silver to over $24 and added:
"Inflation is rising. Interest rates are rising. A stock market crisis would boost gold and silver prices. A final opportunity may exist to purchase gold and silver at current cheap costs."
For a long time, the Rich Dad Poor Dad author has advised investors to purchase gold, silver, and bitcoin. He has previously stated that he solely makes investments in actual gold and silver; he does not use exchange-traded funds for these metals (ETFs).
A large number of users on Twitter pointed out to Kiyosaki that he has been issuing this warning for years. Some disagreed with the well-known author and predicted a decline in the price of gold from its current level.
In October, Kiyosaki stated: "Gold & silver prices plummet as Fed continues rising interest rates," adding:
"Interest rate increases will destroy the economy. Real estate, bonds, and stocks will plummet. a Fed tilt. Before the Fed pivots, buy gold, silver, and bitcoin."
He added: "As economies fall, stock markets go broke, pensions crash, and unemployment rises, a side hustle may supply you income... Your side hustle may grow into the next Amazon or bitcoin." But he cautioned: "Gold, silver, and bitcoin may preserve your riches... but not your income."
The well-known author predicted earlier this month that when the Fed changes course and prints trillions of dollars, owners of gold, silver, and bitcoin will become extremely wealthy. He referred to silver as the best investment bargain currently available in July, when the price of silver dropped to about $20.
Additionally, Kiyosaki frequently advises purchasing bitcoin combined with gold and silver. He recently made it clear that he is an investment in bitcoin rather than a trader, thus he feels ecstatic when BTC reaches a new bottom. He recommended people to invest in cryptocurrencies now, before the largest economic crisis occurs, in September.