February 23, 2024
Robert Kiyosaki warns S&P could fall 70% in 'biggest crash in history'

When it comes to finance, predictions and warnings from celebrities can create waves in the markets, creating both excitement and apprehension among investors.

Recently, Robert Kiyosaki, the famous author of “rich Dad Poor Dad,”

This announcement ties in with their recommendation to invest in hard assets like gold, silver, and Bitcoin (BTC).

Kiyosaki’s latest warning

Kiyosaki’s claim raises a relevant question: Why didn’t financial planners advocate hard asset investing earlier? Their answer, to put it briefly, revolves around money – commission to be exact.

The author argues that financial planners are hesitant to steer clients toward hard assets because of the allure of traditional investments and the substantial commissions they generate. However, he emphasizes that historical data supports the superiority of hard assets, particularly gold, which has outperformed the S&P for decades.

The notion of an impending market crash in Kiyosaki’s story is not new. He points to his book, “Rich Dad’s Prediction, where he allegedly predicted an impending cataclysmic event years in advance. His tweet serves as both a reminder and a call to action for investors to reevaluate their strategies and choose their financial advisors wisely.

In light of Kiyosaki’s warning, investors are urged to exercise caution and diligence in dealing with the turbulent financial landscape. While the prospect of a market decline can be unsettling, it also presents opportunities for astute investors to protect their money and capitalize on undervalued assets.

Adopting diversification and including hard assets in the investment portfolio can serve as a prudent strategy in mitigating potential losses amid market volatility.

Kiyosaki’s proclamation serves as a wake-up call for investors to reevaluate their investment approach. Over the weekend he questioned the stability of the US empire amid record-high debt and wasteful spending habits.

Drawing comparisons to the fall of the Roman Empire, he warned against repeating historical mistakes and urged investors to prioritize assets such as gold, silver and Bitcoin. With a stark reminder that history often repeats itself.

Source: finbold.com

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