After predicting the biggest crash in world history, Robert Kiyosaki, the famous author of the best-selling book Rich Dad Poor Dad, says the “end is here” for fake money. He reiterated three lessons that will help investors “do well in market crashes.”
Robert Kiyosaki discusses the end of fake money
Robert Kiyosaki shared his thoughts and lessons on investing in just a few tweets. Rich Dad Poor Dad, a 1997 book by Kiyosaki with Sharon Lechter is co-authored. For six consecutive years, it has been a New York Times Best Seller List. The book has been translated into more than 51 languages in over 109 countries.
Kiyosaki tweeted on Tuesday explaining why he thinks the end of “fake” money has arrived. Famous author:
It’s over. Jerry Williams was my trusted silver and gold dealer. He said: ‘I can’t get gold or silver coins. The mint will not sell me anymore.’ To me, this means the end of fake $ is here.
He reiterated his silver recommendation. “As stated in earlier tweet silver going to $100 to $500. Take some. Protect yourself,” he wrote. He also advised that he had just made another comment about gold being too expensive and called silver today the best choice for investing.
Kiyosaki previously explained that when President Richard Nixon removed the U.S. dollar from the gold standard in 1971, “the U.S. dollar became fake money.” He clarified that “This is because rather than being tied to real money,” such as gold, “it was tied to the ‘full faith and credit’ of the United States.”
The renowned author reminded investors about some important lessons in a Twitter post on Thursday. “In Rich Dad Poor Dad, I stated Rich Dad’s 3 lessons,” he described, elaborating:
1. Your home isn’t an asset. 2: Saver are losers. 3. The riches don’t work for $.
“The rich are entrepreneurs who do not need a job,” he added, noting that these people “create jobs, create [their] own assets, and do well in market crashes.” He then emphasized that “2022 is your time to get richer.”
Last week, Kiyosaki urged people to “invest in real money,” naming gold, silver, and bitcoin. He stressed that the Federal Reserve “raising interest rates will destroy the U.S. economy.”
Kiyosaki repeatedly warns that there will be the greatest crash in human history. His April warning was that markets would crash.
Recently, he urged subscribers of his mailing list to purchase cryptocurrency before the worst crash in history. For several months, the famous author stated that he waits for cryptocurrency prices to stabilize before deciding whether he wants to buy. Recent statements by the author suggested that he is in cash and ready to buy Bitcoin. This suggests that crypto’s value could rise as high as $1,100.
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