Rich Dad Poor Dad Author Predicts Global Economy Collapse, Urges Silver Coin Investment
• Robert Kiyosaki, author of Rich Dad Poor Dad, believes the world economy is about to collapse and suggests purchasing silver coins as a solution.
• He previously said that by 2025, gold will cost $5,000, silver $500, and bitcoin $500,000 respectively.
• He is an investor in Bitcoin and has admitted that the mere mention of it makes him happy.
Robert Kiyosaki Predicts World Economy to Collapse
The author of the book „Rich Dad Poor Dad“ and a former well-known real estate investor Robert Kiyosaki believes that the world economy is about to collapse. According to the author, who is also a Bitcoin enthusiast, the world should prepare for bank runs and suggests purchasing silver coins as a solution to the current predicament which will make ordinary people „prepared for what is coming.“
Kiyosaki’s Previous Predictions on Gold and Silver Prices
He had said in December that by 2025, he anticipated gold will cost $5,000, silver $500, and bitcoin $500,000 respectively. Also predicting that this year gold will hit $3,800 and silver will hit $75.
Kiyosaki’s Views on Investing in Bitcoin
Having previously stated that he is an investor in bitcoin rather than a trader, Kiyosaki has admitted that the mere mention of bitcoin makes him happy. In an interview with Michelle Makori from Kitco’s Lead Anchor and Editor-in-Chief he said „When I saw Bitcoin go to $20’000 then it dropped down… But then it came roaring back… So when it hit 6’000 I bought 60 Bitcoin at 6’000… so the more I’m in it [Bitcoin], the more I realize it has sustainability.“
The Success of Rich Dad Poor Dad Book
Kiyosaki wrote Rich Dad Poor Dad with Sharon Lechter in 1997 which spent more than six years on The New York Times bestseller list selling 32 million copies worldwide in 51 different languages.
Robert Kiyosaki believes there are warning signs for an impending economic collapse with his advice being to invest in physical assets such as gold or silver coins or even investing in cryptocurrency like Bitcoin before its too late.