Preparing for the Greatest Crash in World History: Robert Kiyosaki’s Warning
In a time of global economic uncertainty, managing your investment portfolio is crucial. Best-selling author Robert Kiyosaki, known for his book “Rich Dad Poor Dad,” has raised concerns about what he believes will be the “greatest crash in world history.” To protect your wealth, Kiyosaki advises a significant shift in your portfolio.
In a recent tweet, Kiyosaki criticized the traditional investment advice of a 60% allocation to bonds and 40% to stocks. He suggests that this approach may not withstand the potential crash in 2024. Instead, he advises investors to reallocate their portfolios to include gold, silver, and Bitcoin (BTC) as these assets have the potential to withstand the impending crash.
“Forever and ever financial experts have promoted the idea ‘Smart Investors invest in 60/40 – 60% bonds 40% stocks. In 2024, 60/40 investors will be the biggest losers. Before going down with the ship, consider a shift to 75% Gold, Silver, Bitcoin – 25% real estate/oil stocks. This mix may allow you to survive the greatest crash in world history,” he said.
Kiyosaki’s Bitcoin and Gold Price Projection
Kiyosaki has also made projections about the prices of gold and Bitcoin. He predicts that gold will surpass $2,100 and continue to surge towards $3,700. Similarly, he envisions Bitcoin reaching $135,000 in the future.
Kiyosaki refers to both gold and silver as “GOD’s money” and believes that their values will skyrocket in the event of a stock and bond market crash. He also considers the current valuations of gold, silver, and Bitcoin as bargains, encouraging investors to allocate funds to these assets.
Overall, Kiyosaki consistently advocates for investments in precious metals and Bitcoin while expressing skepticism about the sustainability of traditional financial products, which he believes are destined for a crash. He highlights factors such as hyperinflation, the potential introduction of a central bank digital currency (CBDC), and possible inaccuracies by the United States government as key concerns for the economy.
Hot Take: Protecting Your Wealth Against the Impending Crash
As economic uncertainty looms, it’s essential to be proactive in managing your investment portfolio. Robert Kiyosaki’s warning about the “greatest crash in world history” serves as a wake-up call for investors. Rather than following conventional advice, Kiyosaki suggests reallocating your portfolio to include gold, silver, and Bitcoin.
His projection of gold breaking through $2,100 and Bitcoin eventually reaching $135,000 indicates potential opportunities for substantial returns. By considering these alternative assets and diversifying your portfolio away from traditional stocks and bonds, you may be better positioned to protect your wealth during turbulent times.
While no one can predict the future with certainty, being open to different investment strategies and staying informed about market trends is crucial in navigating economic uncertainties effectively.
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