‘The everything crash’
Kiyosaki’s concerns about inflation go beyond just rising consumer prices — he’s also warning of a major market downturn.
He described on X how “The Everything Bubble” formed in the past.
“In 2008 was the GFC the Great Financial Crisis. The criminals at the Fed and Treasury began printing trillions of fake dollars in an attempt to stop a GFD a.k.a….a Global ‘F-ing’ Depression,” he wrote on X. “The 2008 GFC blew up into ‘The Everything Bubble.’ All markets began to rise….floating on a sea of fake money.”
In short, Kiyosaki believes that excessive money printing fueled the bubble by inflating asset prices across the board.
Now, he predicts even more serious consequences.
“What I am attempting to say is ‘The Everything Bubble’ is going to turn into ‘The Everything Crash,’” he predicts, vividly comparing the impending collapse to “Mt. Vesuvius blowing up.”
In recent years, the U.S. stock market has experienced a remarkable rally, with the Dow, S&P 500 and Nasdaq all hitting new highs.
However, Kiyosaki points out that savvy investors are already offloading overpriced assets and moving into cash.
He highlighted Warren Buffett, whose company Berkshire Hathaway has sold a significant portion of its Apple (APPL) shares this year. “Warren Buffett is selling even his Apple shares and sitting on stacks of cash,” Kiyosaki noted.
‘Prices about to explode’
So, how do you navigate the bubble and the impending crash? Kiyosaki points to three key assets.
“If a major stock market crash occurs. Which I am expecting... Because the stock market has been high for too many years... This is not good news for people who do NOT own gold, silver, and Bitcoin,” he warned on X.
This isn’t the first time Kiyosaki has promoted these assets. His confidence in them remains strong, boldly declaring that “Bitcoin, gold, silver prices [are] about to EXPLODE.”
Gold and silver have long been considered popular hedges against inflation. The reason is straightforward: these precious metals can’t be printed in unlimited quantities by central banks like fiat money.
And because their value isn’t tied to any one currency or economy, these metals could provide protection during periods of economic uncertainty.
In October 2023, Kiyosaki predicted on X, “Gold will soon break through $2,100 and then take off. You will wish you had bought gold below $2,000. Next stop: gold $3,700.”
It seems the first part of his prediction is materializing. Gold prices have surged in 2024, now hovering around $2,750 per ounce.
Kiyosaki is also bullish on silver, recently telling followers that “BEST ASSET TODAY: Silver… buy it before it hits $50.00.” With silver currently trading at $34.40, his target suggests a potential 45% upside for the metal.
One way to invest in gold that also provides significant tax advantages is with a gold IRA with the help of American Hartford Gold.
Gold IRAs allow investors to hold physical gold or gold-related assets within a retirement account, thereby combining the tax advantages of an IRA with the protective benefits of investing in gold, making it an attractive option for those seeking to ensure their retirement funds are well shielded against economic uncertainties.
When you sign up with American Hartford Gold, you can take advantage of an offer to receive up to $15,000 in free silver, along with the assurance of the best pricing through their price match guarantee.
Bitcoin is another hot asset in 2024, having surged about 60% year-to-date.
While some see Bitcoin as the new gold, Kiyosaki doesn’t dwell on comparisons between the two. “It really matters little which is better, gold or Bitcoin. That would [be] like people discussing which car is better… Ferrari or Lamborghini… as they take the bus,” he wrote on X.
However, Bitcoin’s volatility is something Kiyosaki acknowledges. He warns that the cryptocurrency could crash to $5,000 before surging to $100,000, $250,000, or even higher.
Still, Kiyosaki paints a clear picture of the future for those who own these assets.
“Those who own real gold, silver, and Bitcoin will get richer… [and be] able to afford Ferraris or Lamborghinis… while talkers who take the bus... say to themselves… ‘I really do not like either Ferraris or Lamborghinis,’” he quipped on X.
It’s very easy to buy bitcoin these days. There are many online exchanges, brokers and even ATMs to purchase from. Be warned: they can charge up to 4% in commission fees, so look for ones that charge low or even zero commissions, like Robinhood.
Robinhood’s online investing platform makes investing in crypto simple. For as little as $1, you can set up recurring buys without having to think twice. Plus, their suite of trading tools is equipped with price alerts, market trend tracking, advanced trades and more, making it easy to stay on track and make the most of your investments.
At the end of the day, everyone’s financial situation is unique, with different obligations, risk tolerance, and investment goals.
If you're unsure about navigating the market on your own, consulting a financial professional is always an option. Advisor.com connects individuals with fiduciaries, financial advisors, and planners who can help tailor a strategy to your needs.
By answering a few questions online, you’ll be matched with a curated list of financial professionals and can book a free, no-obligation consultation to see if they’re the right fit for you.
