In Kiyosaki’s opinion, prices in the stock market have been high for a long time.
Those who are prepared (investing in bitcoin) will be able to prosper, he said.
For the investor and author of best sellers Robert Kiyosaki, there are currently many economic indicators that are not giving good signals about the future, one of them being the price of gold.
The fact that the precious metal is setting all-time highs in recent months “usually means that investors are becoming pessimistic,” comment Kiyosaki in an X publication on October 12.
The writer believes that those who invested in gold 24 years ago, including himself, have obtained good results. «I am one of those investors. I have physical gold… not paper gold ETFs,” he clarifies. Despite this, he assures that the increase in gold prices can not be synonymous with good prospects for the market.
This refers to the prices that the ounce of gold has reached, a growth that is estimated at more than 30% so far in 2024, a trend that is expected to continue advancing in the coming months.
In that sense, Kiyosaki remembers that investors generally abandon stocks and They start buying “defensive assets” (like gold) in times of crisis. Hence I wait an early stock market crashcreating a domino effect that would knock down all markets.
“If there is a major stock market crash, which I am already expecting, because the stock market has been at high levels for too many years, it is not good news for those who DO NOT own gold, silver and bitcoins,” Kiyosaki said.
And although he foresees that with the «crash of the markets” the price of bitcoin will also fall, potentially reaching USD 5,000, he is confident that the digital currency would later experience a rebound up to more than USD 250,000.
“Obviously, I will buy all the bitcoins I can, as well as other assets, at bargain prices,” says the investor, who would then wait for the rise. Therefore, the recommendations it makes aim to study the market and make intelligent investments, preparing for a recession. It thus indicates that only those who are prepared will be able to prosper.
This is the time… even if the economy goes into a depression… to be patient… join an investment club… be smarter… don’t be greedy… identify good deals… get richer… and be careful.
Robert Kiyosaki.
With these words the writer reiterates the ideas raised last month, when he joined his voice with other economists and public figures, including billionaire Elon Musk, who think that the monetary and financial policy outlined by the United States government is leading the country and the world into a recession.
As CriptoNoticias reported, the possibilities that the economic situation could worsen have been the reason for warnings from figures such as the CEO of JPMorgan, Jamie Dixon; MicroStrategy President Michael Saylor; and even the candidate and former president Donald Trump.
For all of them, the constant rise of gold – together with the cut in interest rates in the United States and other countries – are the main indicators.
