Protect Your Wealth Against Federal Policies: Robert Kiyosaki’s Insights
The United States government’s actions, particularly those of the Federal Reserve (the ‘Fed’) and the Treasury, have been a focal point for concerns raised by Robert Kiyosaki. According to the renowned investor and author of the best-selling personal finance book ‘Rich Dad Poor Dad,’ Kiyosaki perceives the current policies of the Fed as “criminal.” In a recent episode of his podcast ‘The Rich Dad Channel,’ streamed on August 7, Kiyosaki shed light on assets that can safeguard one’s wealth in light of these perceived unfavorable policies.
Most Valuable Assets Today
Discussing strategies to mitigate the impact of the Fed’s actions, Kiyosaki emphasized the importance of certain assets. He engaged in dialogue with Gold Newsletter editor and New Orleans Investment Conference CEO Brien Lundin, alongside entrepreneur, technology investor, and Bitcoin (BTC) enthusiast Anthony Pompliano. During the discussion, Kiyosaki underlined:
– “In this era of unlimited quantitative easing (QE), where the Fed is buying everything, including junk bonds, which violates the constitution of the Fed, the most crucial investments today are gold, silver, and Bitcoin, or the crypto market.”
Quantitative easing (QE) is a monetary policy tool through which a central bank, such as the US Federal Reserve, acquires securities like government bonds and mortgage-backed securities (MBSs) to infuse liquidity into the economy and stimulate economic activity.
Challenging the Fed’s Authority
Kiyosaki further explained his rationale for endorsing assets like gold, silver, and cryptocurrencies such as Bitcoin. He believes that these assets operate outside the purview of the Fed and the Treasury, making them attractive. He pointed out that the average individual lacks awareness about the operations of institutions like the Fed and the Treasury. He emphasized:
– “Individuals invested in gold, silver, or Bitcoin are essentially rebels. Assets like Bitcoin or Ethereum (ETH) are immune to external manipulation, making them ideal choices in the current scenario.”
According to Kiyosaki, gold, silver, and cryptocurrencies like Bitcoin serve as insurance policies rather than mere investments. The current market performance reflects significant success, with Bitcoin surpassing the $60,000 level, gold prices exceeding $2,420 per ounce, and silver hovering around $27.60 per ounce as of August 9.
Stay Informed and Diligent
While these assets are gaining traction as protective measures, conducting thorough research, staying updated on market trends, and comprehending the risks associated with investments remain essential. Markets are dynamic, subject to change, and both precious metals and cryptocurrencies are no exception. It’s crucial to exercise caution and diligence when navigating these volatile markets.
Hot Take: Safeguard Your Wealth Wisely
As a crypto reader, it’s vital to heed Robert Kiyosaki’s advice and consider diversifying your assets to shield your wealth from the impact of governmental policies. Embracing assets like gold, silver, and cryptocurrencies can offer a sense of security amid economic uncertainties.
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