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Finance expert and author of “Rich Dad Poor Dad” Robert Kiyosaki warned that the biggest market crash of all time was coming. one in facebook postKiyosaki wrote that the global stock market was “collapsing.” This is why he is saying this.
major market movements
The market is in a state of constant fluctuations and the figures Kiyosaki wrote about in his post no longer reflect the situation. With this in mind, the caveat remains: markets are highly sensitive to political tensions and dislike uncertainty, but can generate potential gains as well as losses.
“Geopolitical conflict creates short-term dislocation,” explained James Comblow, Partner Samriddhi Capital Advisors. “Markets often price in worst-case scenarios too quickly – often leading to declines in ways that do not reflect the underlying economics.”
As tensions ease, economies bounce back.
“Volatility can create both risks and opportunities for those who are prepared,” Combo said.
Why is Kiyosaki betting on Bitcoin?
For Kiyosaki, being ready is buying Bitcoin.
He said that “paper assets” depend on the commitment of the other party, while tangible assets depend only on the natural world.
From stocks to bonds and 401(k) plans, Kiyosaki said they are risky because investments are “promises” from the government, Wall Street or a corporation and “promises are broken during war.”
Bitcoin is different because there is no one to sound the alarm.
He suggested that Bitcoin is not run by a “CEO” which could cause “panic.” Referring to the effects of the Iran conflict.
Gold and Silver: The Real Asset for Turbulent Times
Other assets recommended by Kiyosaki are gold and silver. According to the entrepreneur, accidents are not “celebrated” by the rich – they “prepare for them.”
He said that when recession comes, they are the ones who accumulate wealth which the frightened middle class rushes to offload.
For Kiyosaki, that is gold and silver because they are assets that the government “cannot destroy” with a broken guarantee.
Whether Kiyosaki’s predictions come true remains to be seen, but one thing is clear: markets move in cycles. It is important to understand your investment risk tolerance and making informed choices can help you navigate volatile global markets.
“Like life, if you make decisions about your investments based solely on emotion, it’s probably not right for you,” says Eric Mangold, Certified Wealth Strategist (CWS) and founder. Argosy Wealth Management.
Editor’s note on political coverage: GOBankingRates is non-partisan and strives to objectively cover all aspects of the economy and offer balanced reporting on politically focused finance stories. You can find more coverage on this topic here GOBankingRates.com.
This article is for informational purposes only and does not constitute financial advice. Investing involves risk, including possible loss of principal. Always consider your individual circumstances and consult a qualified financial advisor before making investment decisions.