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Robert Kiyosaki recommends Bitcoin, gold, silver investments ‘before it’s too late’

Published 11/27/2023, 04:49 AM
Updated 11/27/2023, 06:20 AM
© Reuters.

Robert Kiyosaki, the author of the personal finance book Rich Dad Poor Dad, has reiterated his support for assets like Bitcoin (BTC), gold and silver as inflation threatens to worsen living standards globally.

The price of gold recently crossed $2,000 per ounce, marking a steady recovery amid the weakening value of fiat currencies. As a strong supporter of the Bitcoin ecosystem, Kiyosaki recommended his over 2.4 million followers on X (formerly Twitter) to reduce their exposure to fiat currencies, which he called the “fake money system.”

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Latest comments

Yes, invest in slot machines
Nice try on the crypto plug...if world currency devalues/implodes, only hard-goods will survive.  History proves this.  The ensuing choas of a world-wide depression will bring war and supply-chain/utility disruption.  Crypto a feel-good asset in good times.  You literally NEED electricity and gold/silver (electronics) for crypto to exist.
Gold ada nilai. Bitcoin? Lol
It's very difficult to reduce your leverage to fiat when EVERYTHING is bought and paid for with it. I can't see governments relinquishing control of the financial system unless it's government issued and we aren't there yet. So crypto remains an investment hedge only. Gold and silver have more tangible value, producers are traded on the stock exchange and physical sales / imports are taxed but preferable and with less risk attached than crypto. UK precious metal stocks are currently trading at their lowest P/E ratios in more than a decade so assuming the USD is now weakening from it's impressive run there should be solid gains ahead.
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