Robert Kiyosaki Warns of Banks Buying Gold Instead of US Debt
According to Robert Kiyosaki, the famous investor and author of the best-selling book ‘Rich Dad Poor Dad,’ banks buying gold instead of US debt is a problem that could lead to a financial crash. He raises the question of how the world and the US will function without money if banks continue to invest in gold rather than US bonds. Kiyosaki predicts that the price of gold could crash to below $1,200, while silver and Bitcoin (BTC) will thrive. He advises caution and suggests investing in real assets like gold, silver, and Bitcoin to protect one’s wealth.
Gold vs. Bitcoin: Advantages of Bitcoin
Kiyosaki also points out some advantages of Bitcoin over gold. Unlike precious metals, Bitcoin doesn’t require expensive shipping methods or security guards for transportation. Currently, the spot price of gold is $1,997.1 per ounce, while Bitcoin is priced at $52,214 per unit. These figures are subject to change.
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