Crash time is now: Kiyosaki urges dumping ‘fake money' for silver, predicts 3x surge
Robert Kiyosaki, author of the best-selling personal finance book Rich Dad Poor Dad, on Monday warned that the 'biggest crash in history' could begin this summer, urging investors to move out of stocks and bonds and into alternative assets like gold, silver, and Bitcoin.
ADVERTISEMENT In a post on microblogging site X (formerly Twitter), Kiyosaki wrote, 'Do not say I didn't warn anyone.' Referencing his 2013 book Rich Dad's Prophecy, he said, 'As predicted in my book Rich Dad's Prophecy (2013) the biggest crash in history is coming. I am afraid that crash time is now and through this summer.'
Kiyosaki cautioned that 'millions, especially my generation of boomers will be wiped out when the stock and bond markets crash,' while adding that 'millions who are proactive may become extremely rich… and as you know….I want you to be one of those who become very rich.'
https://x.com/theRealKiyosaki/status/1929378544234405906
Kiyosaki said the downturn would not be limited to equities and bonds. 'Over this summer, as stock, bond, and real estate markets crash… billions will rush into gold, silver, and Bitcoin,' he wrote.Among these assets, he emphasized silver as the most undervalued: 'The biggest bargain today is silver. In 2025 silver may 3X.' He added that silver remains significantly below its historical peak: 'The better news is silver is still 60% under all time highs…. still about $35….while gold and Bitcoin are at or near all time highs.'
ADVERTISEMENT Reiterating his preference for physical assets over paper investments, he said, 'Tomorrow I am going to my local gold and silver dealer and trading fake money for real silver…. no ETFs…. the biggest bargain today.'
Kiyosaki urged his followers to take immediate action. 'Silver is priced around $35 an ounce which means almost everyone anywhere in the world….has a chance to grow richer…while millions grow poorer.' He concluded the post with a direct question: 'What are you going to do tomorrow….grow richer or grow poorer? Please choose to get richer. Take care.'
Monday's post builds on a series of escalating warnings issued by Kiyosaki in recent weeks. On May 19, he predicted that central banks themselves could be at the center of the next financial meltdown, urging individuals to 'bail yourself out' with gold, silver, and Bitcoin. He questioned who would save monetary authorities like the U.S. Federal Reserve and cited economist Jim Rickards' concern over the $1.6 trillion U.S. student loan burden as a potential trigger.
ADVERTISEMENT Earlier, on May 20, Kiyosaki reacted to Moody's downgrade of the U.S. credit rating by likening the country to 'a dead-beat dad who is spending borrowed money, without a job, and not taking care of his family.' He said the downgrade could usher in conditions similar to the 1929 Depression and again advised investing in alternative assets and adopting an entrepreneurial mindset.Kiyosaki traces the root of systemic fragility to the U.S. abandoning the gold standard in 1971. 'Each crisis gets bigger because they never solve the problem… a problem which started in 1971 when Nixon took the US Dollar off the gold standard,' he wrote.
Kiyosaki has consistently promoted silver as the most accessible path to wealth for everyday investors. In April, he said silver was 'the hottest investment today' and predicted it would double to $70 an ounce in 2025. He emphasized its affordability: 'Almost everyone in the world can afford at least one ounce of silver.'
ADVERTISEMENT While Kiyosaki has advocated for gold and Bitcoin as well, he has increasingly emphasized silver's potential to outperform in the short term, citing both financial instability and its industrial demand.
Kiyosaki's overall message remains anchored in distrust of fiat currency, which he routinely calls 'fake money.' As he wrote in May, 'As I have been warning for years the best way to protect your self is not by saving fake fiat money. As I stated over 25-years ago, in Rich Dad Poor Dad, 'The rich don't work for money' and 'Savers are losers.'' In calling for a shift away from traditional financial strategies, he has urged individuals to become self-reliant through asset accumulation and entrepreneurship: 'You bail you and your family out by saving real gold, silver, and Bitcoin… No ETFs.'
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Also read | Rich Dad, Poor Dad author Kiyosaki warns U.S. debt downgrade signals 1929 Depression, urges buying gold, silver, Bitcoin with entrepreneurial mindset
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
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