Robert Kiyosaki on Silver and Gold: Rich Dad Poor Dad author Robert Kiyosaki on Sunday has issued a stark warning, saying the "biggest crash in history" has begun, sweeping across the United States, Europe, and Asia. In a post on X that has received over 1.7 million views, Kiyosaki said the impending decline in artificial intelligence (AI) will lead to job losses, and he claims it will also impact the office and residential real estate markets.
Why Robert Kiyosaki warns?
In a post on X that has garnered over 1.7 million views, Kiyosaki said that the impending meltdown to artificial intelligence (AI) obliterating jobs, which he claims will cascade into a collapse of office and residential real estate markets.
He said, "BIGGEST CRASH IN HISTORY STARTING"
With financial markets under pressure and artificial intelligence rapidly transforming the job market, Kiyosaki says the recession he predicted more than a decade ago is now unfolding in real time.
"In 2013 I published RICH DADs PROPHECY predicting the biggest crash in history was coming. Unfortunately that crash has arrived. It’s not just the US. Europe and Asia are crashing. AI will wipe out jobs and when jobs crash office and residential real estate crashes. Time to buy more gold, silver, Bitcoin and Ethereum. Silver is the best and the safest," he added.
"Silver is $50 today. I predict silver will hit $70 soon and possibly $200 in 2026. The good news is while millions will lose everything…. if you are prepared…this crash will make you richer. I will have more ways to get richer even as markets crash in future Tweets or Xs," he added.
Kiyosaki's earlier prediction
Earlier, Kiyosaki reiterated his bullish stance on precious metals, saying he continues to buy gold and silver despite market volatility.
"My target price for gold is $27k (Rs 23,95,188.90 per ounce or Rs 8,44,860 per 10 grams). I got this price from friend Jim Rickards….and I own two mines. I began buying gold in 1971…the year Nixon took gold from the US Dollar," Kiyosaki said in a post on X.
Kiyosaki has also expressed his bullish on Silver, setting target price for it as well. "Silver $100 in 2026. I own silver mines and I know new silver is scarce," he wrote.
(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. ET NOW DIGITAL suggests its readers/audience to consult their financial advisors before making any money related decisions.)
"Biggest Crash in History": Robert Kiyosaki's Dire Warning and What's Fueling It
New York, USA – Robert Kiyosaki, the best-selling author of "Rich Dad Poor Dad," has once again sounded the alarm, predicting an impending "biggest crash in history." Kiyosaki, known for his unconventional financial advice and often bearish outlook, has been a consistent critic of traditional financial systems and government policies. His latest warning, while not entirely new territory for the author, comes amidst a backdrop of global economic uncertainty, high inflation, and geopolitical tensions, making many wonder about the specifics behind his dire forecast.
Kiyosaki's predictions are rooted in a fundamental distrust of central banks, fiat currency, and what he perceives as unsustainable economic practices. He consistently advocates for investing in "real assets" over traditional paper assets.
The Pillars of Kiyosaki's "Biggest Crash" Prediction:
While he often points to a confluence of factors, several key themes consistently underpin Kiyosaki's warnings:
"Fake Money" and Fiat Currency Collapse:
The Gold Standard's Demise: Kiyosaki frequently harks back to the abandonment of the gold standard in 1971, arguing that it transformed the U.S. dollar (and by extension, other global currencies) into "fake money" backed by nothing more than government decree.
Uncontrolled Printing: He contends that central banks, particularly the Federal Reserve, have engaged in unprecedented levels of money printing (quantitative easing) since the 2008 financial crisis and exacerbated during the COVID-19 pandemic. This, in his view, devalues currencies and fuels inflation, ultimately leading to a loss of faith in fiat money.
Mounting Debt Levels:
Government Debt: Kiyosaki is deeply concerned about the skyrocketing national debts of major economies. He argues that governments are financing their spending through borrowing and money creation, creating an unsustainable debt spiral that will eventually lead to collapse.
Corporate and Consumer Debt: He also points to high levels of corporate and consumer debt, suggesting that these are fragile bubbles waiting to burst when interest rates rise or economic conditions worsen.
Asset Bubbles (Stocks, Real Estate, Bonds):
Artificially Inflated Markets: Kiyosaki believes that years of low interest rates and quantitative easing have artificially inflated asset prices across the board – stocks, bonds, and real estate. He sees these as "everything bubbles" that are detached from underlying economic realities.
"Dumb Money" vs. "Smart Money": He often frames the situation as "dumb money" (retail investors) being lured into these inflated markets, while "smart money" (those who understand the system) are preparing for the crash.
Inflation and Hyperinflation Risks:
Erosion of Purchasing Power: Kiyosaki views current inflation not as transitory but as a deep-seated problem resulting from excessive money printing. He warns that if left unchecked, it could spiral into hyperinflation, destroying savings and economic stability.
Impact on the Middle Class: He stresses that inflation disproportionately harms the poor and middle class, eroding their purchasing power and making it harder to accumulate wealth.
Lack of Financial Education:
"Rich Dad, Poor Dad" Philosophy: A core tenet of his work is the belief that traditional education systems fail to teach true financial literacy. He argues that most people are conditioned to be employees and consumers, rather than investors and asset owners, leaving them vulnerable to economic downturns.
Kiyosaki's Prescribed Antidotes: "Real Assets"
Given his grim outlook, Kiyosaki consistently advises investors to divest from "paper assets" (stocks, bonds, mutual funds) and accumulate "real assets":
Gold and Silver: His primary recommendation, viewing them as true money and hedges against inflation and currency debasement.
Bitcoin (and other Cryptocurrencies): While initially skeptical, he has increasingly advocated for Bitcoin as a decentralized, limited-supply asset that offers an alternative to fiat currencies.
Real Estate (Income-Generating): He distinguishes between primary residences (which he considers liabilities) and income-producing real estate (which he considers assets).
Other Commodities: Investing in tangible assets that have intrinsic value.
A Controversial Figure
It's important to note that Kiyosaki's predictions, while attention-grabbing, are often met with skepticism from mainstream economists and financial advisors. Critics argue that his warnings are perpetually bearish, and while some of his concerns about debt and inflation are shared, his timing and the severity of his predicted outcomes are often debated.
However, his influence on a generation of investors, particularly those seeking alternatives to conventional financial wisdom, remains undeniable. Whether his "biggest crash in history" materializes or not, Kiyosaki's warnings serve as a powerful reminder to consider diversification, understand macroeconomic trends, and critically evaluate the health of the financial system.
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