Introduction
Best-selling author Robert Kiyosaki predicts a skyrocketing rise in the value of gold, silver, and Bitcoin in the event of an economic crisis. In a series of tweets, Kiyosaki emphasizes the negative impact of a stock and bond market crash, stating that gold and silver would experience significant gains. He further suggests that in the event of a world economic collapse, the price of gold could reach $1 million, while silver could surge to $60,000. Kiyosaki believes these metals offer protection for savers in the face of a diminishing value of the US dollar.
Silver as a Long-Term Investment
While gold is traditionally considered a safe haven, Kiyosaki asserts that silver is a better long-term investment option due to its lower price relative to gold and its increasing scarcity in industrial use. He believes that silver’s long-term value presents a more affordable investment opportunity for individuals. Additionally, Kiyosaki emphasizes the accessibility of silver for everyone, making it an attractive option for those looking to safeguard their wealth.
BRICS Summit and the Future of the US Dollar
Kiyosaki draws attention to the upcoming BRICS summit, consisting of Brazil, Russia, India, China, and South Africa. He predicts that during the summit, these nations will announce the introduction of a gold-backed digital currency, which Kiyosaki believes will have significant consequences for the US dollar. He suggests that this development could lead to the depreciation of the US dollar, resulting in high inflation. In response, Kiyosaki advises individuals to diversify their assets by investing in gold, silver, and Bitcoin, which he considers to be real money.
The BRICS Currency Debate
While rumors of a gold-backed currency emerged, Anil Sooklal, South Africa’s ambassador to BRICS, refuted these claims and stated that a BRICS currency is not on the agenda for the upcoming summit. However, Sooklal acknowledges that BRICS member countries are gradually shifting away from the dominance of the US dollar and promoting the use of local currencies for international trade. The ambassador highlights that Western sanctions against Russia have expedited this transition and emphasizes the emergence of a multipolar global trading system in contrast to a dollar-centric world.
Conclusion
Robert Kiyosaki’s predictions regarding the potential surge in the value of gold, silver, and Bitcoin during an economic crisis reflect his belief in the fragility of the current financial system. While the exact future remains uncertain, Kiyosaki advises individuals to consider these alternative assets as protective measures against the potential devaluation of the US dollar, as well as the changing dynamics of the global economic landscape.
