Author Robert Kiyosaki, known for “Rich Dad Poor Dad,” says gold, silver, and Bitcoin are better than ETFs.
Robert Kiyosaki, who wrote “Rich Dad Poor Dad” and is an entrepreneur, talked again about why gold, silver, and Bitcoin are good protection against problems with the government’s economy.
He was on The Daniela Cambone Show recently and said it’s better to have real things like gold and silver, not ETFs, especially when things are uncertain.
Multi-millionaire, Robert Kiyosaki, says if you don’t trust the US government then you should buy gold, silver and #Bitcoin
Do you agree with this? pic.twitter.com/6eJNi2DodY
— The ₿itcoin Therapist (@TheBTCTherapist) August 15, 2023
Safe Havens: Gold, Silver, and Bitcoin
Kiyosaki has always liked different investments like silver. He even called it the best investment for the long term. He prefers real gold and silver coins instead of ETFs. He agrees with Andy Schectman, who runs Miles Franklin Precious Metals, and says that silver is really valuable but not priced right.
Kiyosaki is also positive about gold and Bitcoin. He thinks they’re good choices when things are uncertain. He believes gold and silver prices will go really high if the stock and bond markets crash. He thinks Bitcoin’s price will go up to $100,000 because of problems in the global economy.
BITCOIN to $100k. Saying for years gold&silver GOD’S money. BITCOIN peoples $. Bad news IF stock & bond market crash gold&silver skyrocket. WORSE NEWS IF world economy crashes BC $1 million Gold $ 75K silver to $60k. SAVERS of FAKE US $ F’d. DEBT too high. Mom, Pop & kids in…
— Robert Kiyosaki (@theRealKiyosaki) August 14, 2023
In his talk with Cambone, Kiyosaki also said he’s not sure about the government, Treasury, Fed, and Wall Street. He mentioned he doesn’t have trust in them. He advised that if others feel the same, they shouldn’t save dollars and should stay away from bonds.
Bitcoin’s Present Situation
Bitcoin’s price is now at $29,155, going down by 0.68% in the last 24 hours according to CoinMarketCap. The BTC/USD pair has a market cap of $567,394,715,025. The trading volume for Bitcoin is $12,160,748,899. There are 19,458,406 BTC coins being used out of the total 21 million.
BTC/USD market cap chart, Source: CoinMarketCap
For Bitcoin’s technical side, it’s trying to get past the $29,440.58 point, and it has support at $29,088.85.
Kiyosaki recently warned on Twitter, saying Bitcoin could go up to $100,000. He also talked about his belief in gold and silver as valuable. He said if stock and bond markets crash, gold and silver will go way up. He talked about people who save US dollars being in trouble and worried about families having too much debt.
Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.
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