'Rich Dad Poor Dad' author Robert Kiyosaki has warned of an epic market crash, blasted the Fed, and trumpeted bitcoin. Here are 16 of his best tweets
‘Rich Dad Poor Dad’ author Robert Kiyosaki has warned of an epic market crash, blasted the Fed, and trumpeted bitcoin. Here are 16 of his best tweets
Jul. 1, 2021, 04:51 AM Robert Kiyosaki. “Rich Dad Poor Dad” author Robert Kiyosaki expects a brutal crash across financial markets. The personal-finance guru recommends buying bitcoin, gold, and silver before the downturn. Kiyosaki has also blasted the Federal Reserve and celebrated Reddit traders. See more stories on Insider’s business page .
“Rich Dad Poor Dad” author Robert Kiyosaki has warned of a devastating market crash , slammed the Federal Reserve for devaluing the US dollar, and repeatedly urged investors to buy gold, silver, and bitcoin in tweets over the past 12 months.
The personal-finance guru has also cheered on Reddit traders, analyzed Warren Buffett’s portfolio tweaks, and advised investors to capitalize when asset prices tumble. Here are Kiyosaki’s 16 best tweets in the past year, lightly edited for clarity:
1. “The best time to prepare for a crash is before the crash. The biggest crash in world history is coming. The good news is the best time to get rich is during a crash. Bad news is the next crash will be a long one. Get more gold, silver, and bitcoin while you can. Take care.” – June 28, 2021 .
2. “Biggest bubble in world history getting bigger. Biggest crash in world history coming. Buying more gold and silver. Waiting for bitcoin to drop to $24k. Crashes best time to get rich. Take care.” – June 19, 2021 .
3. “Bitcoin crashing. Great news. When price hits $27,000, I may start buying again. A lot will depend upon global-macro environment. Remember the problem is not gold, silver, or bitcoin. Problem are the incompetents in government, Fed & Wall Street. Remember gold was $300 in 2000.” – May 30, 2021 .
4. “Fed wants inflation to pay debt with cheaper $. Fed will raise interest rates causing stock, bond, real estate & gold crash. Biggest problem is Boomer retirement. Social Security Medicare & America broke. Fed to print more fake money. Stick with gold, silver, and bitcoin.” – May 17, 2021 .
5. “ARE YOU READY? Boom, Bust, Mania, Crash, Depression. Mania in markets today. Prepare for biggest crash, depression in world history. What will Fed do? Print more money? Save more gold, silver, bitcoin.” – April 17, 2021 .
6. “After 2008 Subprime Crash, Fed and Treasury printed $700 billion. 2021 Fed and Treasury to print $7 trillion. Biggest crash in history coming. Worst investment is FANG stocks. Anyone not buying gold, silver, bitcoin now is an idiot.” – April 11, 2021 .
7. “Anyone who says ‘money doesn’t make you happy’ is a sick puppy who has never been broke. Money is a drug. It makes people happy. Problem is when drug wears off, people get unhappy. Buy gold, silver, bitcoin, real money and stay happy.” – March 21, 2021 .
8. “Why do I like gold, silver, bitcoin? LIQUIDITY. People rushing in to buy a house at top of real estate market. When real estate crashes cannot get out. Real estate not liquid. I own 8,000 rental properties. Bought during crashes. In 2021, I prefer liquidity of gold, silver, bitcoin.” – February 20, 2021 .
9. “I am excited about Reddit going after the manipulated silver market. I was not in GameStop but I am in silver. If you have seen me on TV ads for Lear Capital, I drank the silver Kool-Aid way back in 1964, the year silver coins became fake silver. God bless Reddit traders.” – January 30, 2021 .
10. “GameStop’s BIGGEST LOSERS are old people. I love Reddit kicking Hedge Funds’ butts. Keep it up. Unfortunately the biggest losers are pension funds managed by Hedge Funds. Thank god I don’t need a pension. If you are young, learn to kick Wall St’s butt and never need a pension.” – January 30, 2021 .
11. “The EVERYTHING CRASH is coming. Since 1987, world has been in EVERYTHING BUBBLE. Now all crashing. Prices of gold, silver, bitcoin will crash too. US dollar to rise. Be patient. Massive money printing ahead, eventually destroying dollar. Time to buy more gold, silver, bitcoin coming.” – October 28, 2020 .
12. “BOOMERS had it easy. Plenty of jobs, low-cost real estate, rising stock market. MILLENNIALS have it hard. 9/11, 2008 real estate crash, now Covid-19. Good news. Millennials are tech savvy. Boomers are not. Bitcoin-Block chain-Digital currencies give Millennials head start into the future.” – September 9, 2020 .
13. “BUFFETT buys to SELL. He sells Coca-Cola, Geico Insurance, Gillette razor blades. He is now selling Barrick Gold . His gold costs $1,000 to mine. Sells for $2,000. Barrick has tons of gold to sell in the future. Smart. How much gold, silver, bitcoin do you have to sell in the future?” – August 22, 2020 .
14. “WHY BUFFETT is OUT OF BANKS . Banks bankrupt. MAJOR BANKING CRISIS COMING FAST. Fed & Treasury to take over banking system? Fed and Treasury ‘helicopter fake money’ direct to people to avoid mass rioting? Not a time to ‘think about it.’ How much gold, silver, bitcoin do you have?” – August 21, 2020 .
15. “WHY I buy gold, silver, bitcoin? Three words: No Counterparty Risk. Stocks, Bonds, Business, Real Estate all have Counterparty Risk. Gold, silver, bitcoin are money. They do not depend on people to be money. I own gold, silver, bitcoin in case I need to run from human insanity.” – August 17, 2020 .
16. “SAVERS ARE LOSERS. CASH IS TRASH. TREASURIES ARE THIEVES working for the Fed. GOT THE MESSAGE? Central Banks have an avowed goal of decreasing the value of cash by 2% per year. Please don’t be a loser. Open your mind and get smarter about your money. Got gold, silver & bitcoin?” – August 12, 2020 . Read the original article on Business Insider