- Robert Kiyosaki, renowned investor and author, predicts a global market crash as gold prices reach all-time highs.
- Kiyosaki advises preparedness through investments in Bitcoin and physical gold to navigate the potential financial downturn.
Renowned author and investor Robert Kiyosaki sees troubling signs in current economic indicators, particularly the surging price of gold, which he believes could signal a forthcoming collapse across all markets. In his view, such economic indicators often serve as a prelude to a broader downturn, pointing to systemic weaknesses in the global financial architecture.
In a detailed statement shared on the social platform X on October 12th, Kiyosaki expressed his concerns about the continuous high levels of the stock market. According to him, this is a red flag, indicative of an inflated market poised for a correction. The investor underscores that gold reaching new highs is traditionally a sign of investor pessimism. He elaborates that when investors lose confidence in more volatile assets like stocks, they tend to pivot towards what are considered safer assets, such as gold.
Kiyosaki, who has personally invested in gold for over 24 years, emphasizes the distinction between owning physical gold versus paper gold ETFs. He notes that those who have held investments in gold have generally seen favorable outcomes. However, the surge in gold prices, which has exceeded 30% in 2024, may not necessarily equate to a healthy market environment. Rather, it could indicate that investors are bracing for rougher economic times ahead.
Investment Strategy in Volatile Times
He recalls historical trends where investors, facing crises, shift their capital from stocks to ‘defensive assets’ like gold. Kiyosaki anticipates a swift decline in the stock market that could trigger a domino effect, potentially leading to a collapse across all market sectors. He strongly feels that such a crash could be imminent given the prolonged period of elevated market levels, which he sees as unsustainable.
Despite his grim forecast for the stock market and a potential initial drop in Bitcoin prices, possibly down to $5,000, Kiyosaki remains optimistic about the long-term prospects of digital currencies. He predicts that Bitcoin could eventually rebound to surpass $250,000. His strategy is to capitalize on market downturns by acquiring Bitcoin and other assets at bargain prices and then waiting for their value to rise.
The essence of Kiyosaki‘s message is to be prepared. By studying the market carefully and making informed investment choices, individuals can position themselves to weather a recession and emerge more financially robust. His advice reflects a broader sentiment echoed by financial experts worldwide, including billionaire Elon Musk and former U.S. President Donald Trump, who have also expressed concerns over current financial policies and their potential to lead the economy into recession.