The author of the bestseller ‘Rich Dad, Poor Dad’ and entrepreneur Robert Kiyosaki urged sticking to ‘defensive positions’ in gold, silver and Bitcoin. The expert did not rule out a collapse of the global banking system.
OMG. “The best collateral “ in the world, the 1 month T-Bill went up by 100 basis points. Does this mesn the world banking system is collapsing?
So much for all those experts who recommended 1 month T-Bills. Stick with Gold, Silver, Bitcoin, and home defense now….not tomorrow.— Robert Kiyosaki (@theRealKiyosaki) May 7, 2023
As justification for his remarks, Kiyosaki pointed to the movement of U.S. Treasury bills.
Oh my God. ‘The best collateral in the world’ — monthly T-Bill — showed rises in yields by 100 basis points. Is this not the collapse of the global banking system? That’s it for all those experts who recommended US Treasury bills. Keep your funds in gold, silver and Bitcoin now, not tomorrow, — the entrepreneur advised.
Earlier, in September 2022, Kiyosaki urged investors to invest in digital assets in anticipation of an economic crisis.
In spring 2023, the investor called Bitcoin ‘the money of the people’ and predicted its price would rise to $100 000.