Daily Voice News - Economic Collapse
Having Gold Near You Attracts More Wealth
Dollar Will Be Replaced By Gold And Bitcoin By 2040
Rich Dad Author Says The Next Financial Crash Will be Like an "Avalanche"
Holding real gold is the best way to have steady income, says Robert Kiyosaki, best-selling author of “Rich Dad Poor Dad” and his latest book “Why The Rich Are Getting Richer.”Kiyosaki has been a self-proclaimed gold bug since 1972, and in his latest interview with Kitco News, he explained his journey with the yellow metal, from his first foray into gold when Nixon removed the dollar from the gold standard, to accumulating millions of dollars in gold today. “People believe what they want to believe,” Kiyosaki said, “some people believe that if you go to school you’ll be happy, or if you get married you’ll be happy….well, I don’t know about that, but gold has made me very happy.”
For bestselling author Robert Kiyosaki, crashes, debt and taxes are the secret to how the rich are getting richer, so is 2018 setup to deliver?"I hope so," said Kiyosaki the author of Rich Dad, Poor Dad and his latest, How the Rich are Getting Richer. And with the stock market continuing to hit all-time highs, Kiyosaki said the next financial crash is "imminent," simply because "something has to happen." "Since 2004 we have been in a debt bubble and the problem with debt bubbles is that when they come down, they come down like an avalanche so I don't think it's too long [away.] I'm not trying to be an alarmist because I like crashes, it's like going into Wal-Mart and they are having a 50% off sale, so when everything goes on sale I am back int he market," Kiyosaki said. Should a financial correction occur, Kiyosaki said he is well covered with his gold holdings which he has been accumulating since 1972, "I have more gold then I can ever spend in my lifetime," he said. On Friday, stocks rose to record highs with their best start since 2003, the Dow Jones industrial average rose 197 points to an all-time high and the S&P 500 reached a record high, climbing 0.6 percent.
Fiat money will lose its significance to precious metals and cryptocurrencies in the coming decades, said Robert Kiyosaki, best selling author of “Rich Dad Poor Dad” and his latest book “Why The Rich Are Getting Richer.”A self-proclaimed gold bug, Kiyosaki is one of the few investors to be bullish on both Bitcoin and gold. In an exclusive interview with Kitco News, he said that Bitcoin will slowly erode fiat currencies’ relevance, while gold “has been there since eternity,” and will also be an important hedge instrument.I’m writing this new book called ‘Fake,’ Kiyosaki said, “It’s really about what’s real. When I talk to people, I say, what do you think will be here in 2040? Will gold still be here? Well, it’s been here since eternity. Will the dollar be here? I don’t think so. Will blockchain be here, I think so. That’s really the way I look at the world of money and currencies is what’s going to be here in 22 years.” Talking the markets, Kiyosaki said that a crash is imminent. “There are two kinds of bubbles, equity bubbles, and debt bubbles, and we’ve been in a debt bubble since 2004. When a debt bubble comes down, they come down in an avalanche.”
11 месяцев назад