The world economy is on the brink of collapse, according to Robert Kiyosaki, the author of the best-selling book Rich Dad Poor Dad. Kiyosaki has warned that another bank is about to crash, following the collapse of Silicon Valley Bank and the voluntary liquidation of Silvergate Bank.
Kiyosaki has advised investors to buy real gold and silver coins, rather than exchange-traded funds (ETFs). He has also recommended bitcoin, referring to it as “people’s money”. He believes that the price of gold will reach $3,800 this year, while silver is projected to reach $75. He also expects the price of bitcoin to hit $500,000 by 2025.
Kiyosaki has warned of bank runs, frozen savings, and bail-ins. He has also predicted soaring bankruptcies, unemployment, and homelessness. He believes that investors in bitcoin, gold, and silver will get richer when the Federal Reserve pivots and prints trillions of dollars.
The Central Bank of Brazil has also confirmed that it will run a pilot test for its proposed central bank digital currency (CBDC), the digital real. This is a sign that central banks are taking steps to prepare for a potential economic collapse.
It remains to be seen whether Kiyosaki’s predictions will come true. However, it is clear that investors should be prepared for the possibility of a global economic downturn. Investing in gold, silver, and bitcoin may be a wise move in such a situation.