According to renowned investor Robert Kiyosaki, as the BRICS nations move away from reliance on the dollar, the United States could face hyperinflation and plunge into a depression. In such a scenario, Kiyosaki advocates for holding onto precious metals, Bitcoin, and other “hard assets” as the only viable investments.
Kiyosaki shared his latest insights on gold, fiat currencies, and Bitcoin in a recent post from South Africa, emphasizing the potential impact of BRICS countries introducing a cryptocurrency backed by gold. He believes that such a move could prompt a massive influx of fiat US dollars back into the United States, leading to hyperinflation and the eventual collapse of the US dollar.
To shield against the potential crash of the US dollar, Kiyosaki advises his followers to invest in “real gold, silver, and Bitcoin” without delay.
Expanding on his perspective in a post from May 9, Kiyosaki expressed his anticipation not just of a recession but of a severe economic depression. While he hopes to avoid this outcome, he stresses the importance of preparing for it rather than ignoring the looming crisis.
Kiyosaki reiterated his long-standing investment strategy, which includes owning a business, using debt to acquire cash-flowing assets like rental properties, and holding onto tangible assets such as real gold, silver, and Bitcoin. He emphasized the need for readiness and caution, suggesting that the current economic climate is becoming increasingly unpredictable.
In an earlier interview with Kitco News, Kiyosaki emphasized the importance of avoiding paper assets and investing exclusively in assets that retain their value. He reiterated his preference for gold, silver, and Bitcoin over traditional assets like ETFs, bonds, or fiat currencies, citing his belief in the stability of tangible, hard assets.
