Best-selling author Robert Kiyosaki predicts gold, silver, and Bitcoin will skyrocket if the economy crashes
According to Robert Kiyosaki, if the stock and bond markets crash, gold, silver, and Bitcoin will experience a significant increase in value. He warns that if the world economy crashes, gold could reach $1 million and silver could reach $60,000, which would have dire consequences for savers of the US dollar. Kiyosaki’s predictions are based on the belief that these assets are considered safe-havens during times of economic turmoil.
Kiyosaki believes silver is a better long-term investment than gold
When it comes to investing in precious metals, Kiyosaki believes that silver is a better long-term investment compared to gold. He points out that gold is multiple times more expensive than silver, making silver a more affordable option. Additionally, Kiyosaki states that silver is an industrial precious metal that is becoming more scarce as it is being used up. These factors contribute to his belief that silver is a better bargain and a smart long-term investment.
Spot gold currently 84.5X more expensive than silver
Currently, the price of gold is 84.5 times higher than the price of silver. At the time of writing, spot gold was trading at $1,902.23 per ounce, while spot silver was trading at $22.51 per ounce. This large price difference may be one reason why Kiyosaki sees silver as a better investment opportunity compared to gold. He believes that the value disparity between the two metals presents an opportunity for investors to consider silver as an affordable alternative.
Kiyosaki expects BRICS to announce gold-backed digital currency, which he says will have dire consequences for the US dollar
Robert Kiyosaki has also made predictions about the upcoming BRICS summit, which includes Brazil, Russia, India, China, and South Africa. He expects that during this summit, the BRICS group will announce a new gold-backed digital currency. Kiyosaki believes that this announcement would have dire consequences for the US dollar, leading to a rush to sell off dollars and resulting in high inflation. He advises individuals to protect their wealth by stocking up on gold, silver, and Bitcoin.
South African ambassador to BRICS denies rumors of a gold-backed currency announcement, but says the bloc will continue to move away from the US dollar
Despite Robert Kiyosaki’s predictions, the South African ambassador to BRICS, Anil Sooklal, has denied rumors of a gold-backed currency announcement at the upcoming summit. He clarified that the focus of the summit is on trading in local currencies and settlement in local currencies, rather than the introduction of a new trading currency. However, Sooklal did acknowledge that the BRICS member countries are moving away from the US dollar, with Western sanctions against Russia accelerating this transition. He believes that the world is moving towards a multipolar global trading system, marking the end of a dollar-centric world.
Robert Kiyosaki’s predictions about the future of gold, silver, and Bitcoin have sparked interest and debate. While his views on the potential skyrocketing of these assets during an economic crash are speculative, his emphasis on the importance of diversifying investments and moving away from the US dollar reflects a growing trend among investors. As the world becomes more interconnected and geopolitical tensions continue, it is essential for individuals to stay informed and consider different investment options to protect their wealth.
Analyst comment
Positive news: Robert Kiyosaki’s predictions about the future of gold, silver, and Bitcoin have garnered attention. He believes these assets will skyrocket if the economy crashes, serving as safe-havens during times of economic turmoil.
Negative news: Kiyosaki predicts dire consequences for the US dollar if the world economy crashes, with gold potentially reaching $1 million and silver reaching $60,000. He advises investors to protect their wealth by stocking up on gold, silver, and Bitcoin.
Neutral news: The South African ambassador to BRICS denies rumors of a gold-backed currency announcement, but acknowledges that the BRICS member countries are moving away from the US dollar.
As an analyst, it is important for investors to consider diversifying their investments and staying informed about global economic trends. The potential rise in value of gold, silver, and Bitcoin during an economic crash, as predicted by Kiyosaki, highlights the importance of these assets as safe-havens. However, it is important to also consider the perspectives of other stakeholders, such as the South African ambassador to BRICS, to gain a more well-rounded view of the situation.
