Business Insider: Robert Kiyosaki is Hoarding Bitcoin, Gold, and Silver, and Plans to Scoop Up Bargains Once the Market Crashes
Article by Theron Mohamed in Business Insider
"Rich Dad Poor Dad" author Robert Kiyosaki is hoarding gold, silver, and bitcoin in anticipation of a brutal market downturn - and preaching patience to investors as he expects a bargain bonanza after the crash.
"Bitcoin is booming. Gold is stagnant. Silver is 50% below all-time highs," he tweeted recently. "Silver is the best, lowest-risk, high-potential investment. Bitcoin has the greatest upside. With dollar dropping, bitcoin and silver are the best investments."
Kiyosaki, the founder of Rich Dad Company and Rich Global, expects the flood of government stimulus during the pandemic to fuel a collapse in the dollar's value. When the Federal Reserve hikes interest rates to cool down the economy, asset prices will plunge, he predicted earlier this year.
The personal-finance guru hopes to minimize the impact on his portfolio by parking his money in cryptocurrencies and precious metals, which he views as haven assets. He also sees them as more secure places to stash his cash.
"The primary reason I invest in bitcoin, gold, & silver is because I do not trust our leaders, the Fed, Treasury, nor the stock market," he tweeted in August.
"My rich dad's words of wisdom: 'Always remember ... Las Vegas was NOT built on winners,'" he said. "I would add, 'Neither was Wall Street.' Be careful. In 2021, future losers are everywhere."
Kiyosaki singled out .....
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