Robert Kiyosaki, American entrepreneur, investor, motivational speaker and author of the acclaimed book Rich Dad Poor Dad, explained why the stock market crashed in October. And he said gold, silver and bitcoin can crash too.
Kiyosaki is just one of many experts who have voiced their concerns about the current market.
Big Short investor Michael Burry and GMO co-founder Jeremy Grantham believe that the biggest bubble ever is about to burst.
Similarly, investors Jeffrey Gundlach, Leon Cooperman and Stanley Druckenmiller do not believe that the speculative momentum can last much longer. All the signs point to a stock market crash on an unprecedented scale.
Gold, silver and bitcoin could also collapse
Robert Kiyosaki, in particular, posted a tweet warning that a stock market crash was imminent:
“A huge stock market crash in October. Why? The Treasury and the FED can’t reach Treasuries. Gold, silver and bitcoin could also crash. It’s better to cash in on bargains after a crash. I don’t sell bitcoin, gold and silver, but I have plenty of cash to live on after a stock market crash. Dangerous stocks. Warning.
Treasury bills are short-term public debt securities issued at a discount. They are issued by the Treasury as a means of financing. The purpose of Treasury bills is to obtain short-term financing at the lowest possible cost.
Robert Kiyosaki: The biggest stock market crash is yet to come!
Specifically, experts are warning that an epic stock market crash is just around the corner. In this case, it was expressed on Twitter by financial guru Robert Kiyosaki.
In fact, Robert Kiyosaki warns that the financial markets are heading for the worst crash in their history.
In an interview with Yahoo Finance, Robert Kiyosaki highlighted a number of reasons why we could soon see an unprecedented stock market crash.
Robert Kiyosaki, founder of Rich Global and Rich Dad Company, also reminded investors that the entire financial system is changing very rapidly.
“Everyone says the market will go up for another two years. What happens if the bottom falls out tonight – will you be richer or poorer?”
Kiyosaki added: “The next stock market crash is in fact an avalanche waiting for the last snowflake. It will be the biggest crash in world history”.
Kiyosaki’s past advice
However, Robert Kiyosaki stressed that there are options to protect oneself: “Silver is the best investment, the least risky and the most promising. Bitcoin has the biggest advantage. With the dollar falling, bitcoin and silver are the best investments”.
For his part, Mr Kiyosaki advises investors to be patient and wait for bargains. Anticipating a sudden collapse in the market, and preaching patience to investors, he expects a windfall of bargains after the collapse.
“It’s time to be patient, not greedy. Be on your guard. Be careful.
In conclusion, Robert Kiyosaki wants his followers to be prepared, what do you think? Let me know in the comments box.
I leave you with this quote from Robert Kiyosaki: “Don’t let the fear of losing be greater than the thrill of winning”.
