
Gold rate, Bitcoin price prediction: Rich Dad Poor Dad author Robert Kiyosaki makes jaw-dropping claims
Tired of too many ads?
Remove Ads
THE END is HERE:
WHAT if you threw a party and no one showed up?
That is what happened yesterday.
The Fed held an auction for US Bonds and no one showed up.
So the Fed quietly bought $50 billion of its own fake money with fake money.
The party is over. Hyperinflation is… undefined Robert Kiyosaki (@theRealKiyosaki) May 21, 2025
Tired of too many ads?
Remove Ads
FAQs
"Rich Dad Poor Dad" author Robert Kiyosaki has predicted that prices of assets like cryptocurrency, gold, and silver are to go up. Taking to 'X' (formerly Twitter), Kiyosaki claimed that Gold is set to hit $25,000-mark. He also predicted that Bitcoin price is poised to go up to $500K to $1 million. Bitcoin was trading at about $111,000 on Thursday morning — a new record. That price gives it a market cap of more than $2 trillion, or about the same as Amazon. Gold price on Thursday fell as the U.S. dollar strengthened and investors booked profits after prices touched a two-week high earlier in the session."Good news. Gold will go to $25,000. Silver to $70. Bitcoin to $500 k to $1 million," Kiyosaki tweeted.Bitcoin, at times, trades in a similar fashion to tech stocks and other assets that rise in value when investor sentiment is high. Crypto market participants often point to increased involvement from traditional financial firms as reasons for its gains.This week they have referenced JPMorgan CEO Jamie Dimon, a long term crypto sceptic, saying its clients can buy bitcoin and crypto exchange Coinbase being added to the S&P 500 this month as being contributing factors.Spot gold was down 0.6 per cent at $3,295.21 an ounce, by 1216 p.m. ET (1616 GMT). Prices reached their highest level since May 9 earlier in the session before falling more than 1 per cent. Gold has recorded gains in the previous three sessions. U.S. gold futures also fell 0.6 per cent to $3,294.90.A1. Owner of 'Rich Dad Poor Dad' is Robert Kiyosaki.A2. Bitcoin was trading at about $111,000 on Thursday morning — a new record.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
&w=3840&q=100)

Business Standard
36 minutes ago
- Business Standard
Samsung assembled more mobile phones in India than Apple last year
Korean firm makes more phones across most segments and has higher volumes: S&P report Surajeet Das Gupta New Delhi Listen to This Article Samsung's global volume share of final assembling of smartphones in India might not get the same focus as that of Apple Inc because of the latter's aggressive export strategy and higher average selling price leading to higher value. But in terms of volume, the reality is that Samsung is much higher than its US rival. A research by S&P Global shows that Samsung's share of global final assembly volume of smartphones in India in 2024 was at 25 per cent compared to only 15 per cent of the Cupertino-based Apple Inc in the same period. For Samsung, its biggest exposure


Time of India
2 hours ago
- Time of India
In Gurgaon, task force set up to probe illegalbusinesses on road to Galleria Market
Gurgaon: After the National Green Tribunal's (NGT) intervention in a case concerning illegal commercial activities along the road leading to Galleria Market in Sector 27, deputy commissioner Ajay Kumar announced plans to constitute an inter-departmental team to probe the matter. The team will include officials from MCG, HSPCB, Haryana State Pollution Control Board, Town Planning, and DHBVN, and will inspect the site and submit a detailed report. The action follows a petition by residents, highlighting severe environmental violations such as illegal commercial operations, including illegal use of diesel generator sets, open waste burning and untreated sewage discharge, allegedly causing severe air and noise pollution in the area. Deputy commissioner Ajay Kumar said, "We have taken note of the concerns raised regarding the illegal commercial activities in Sector 27. An inter-departmental team will be formed shortly to examine the entire situation on the ground. Based on their findings, appropriate action will be taken." The petition highlighted that multiple shops, eateries, and workshops have been operating without licences or environmental clearances near Hamilton Court and Galleria Market. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Trade Bitcoin & Ethereum – No Wallet Needed! IC Markets Start Now Undo An inspection by DHBVN on Feb 21, 2025, confirmed electricity theft and illegal resale of power. Despite disconnection, the establishments reportedly continued operations using DG sets in violation of environmental norms. The petitioner also alleged that despite submitting several complaints to the authorities between August 2024 and March 2025, no concrete action was taken. Meanwhile, residents have welcomed the DC's decision. "We've been suffering due to unchecked pollution, traffic congestion, and foul smells from untreated waste for months. This is the first time the administration is taking the issue seriously," said Pooja Singh, a resident of Sector 27. Environmental activists have also urged the administration to ensure that the committee's findings lead to on-ground enforcement. "Reports are not enough. What we need is action—sealing of illegal units and penalties against violators," said Vikram Singh, a city-based environmentalist. The inter-departmental committee is expected to start its inspection soon and submit a detailed report before the next NGT hearing scheduled for July 4, 2025.
&w=3840&q=100)

Business Standard
3 hours ago
- Business Standard
AI spending spree by big tech sparks investor concern over profits
Some investors are questioning the amount of cash Big Tech is throwing at artificial intelligence, fueling concerns for profit margins and the risk that depreciation expenses will drag stocks down before companies can see investments pay off. 'On a cash flow basis they've all stagnated because they're all collectively making massive bets on the future with all their capital,' said Jim Morrow, founder and chief executive officer at Callodine Capital Management. 'We focus a lot on balance sheets and cash flows, and so for us they have lost their historical attractive cash flow dynamics. They're just not there anymore.' Alphabet Inc., Inc., Meta Platforms Inc. and Microsoft Corp. are projected to spend $311 billion on capital expenses in their current fiscal years and $337 billion in 2026, according to data compiled by Bloomberg. That includes a more than 60per cent increase during the first quarter from the same period a year ago. Free cash flow, meanwhile, tumbled 23per cent in the same period. 'There is a tsunami of depreciation coming,' said Morrow, who is steering clear of the stocks because he sees profits deteriorating without a corresponding jump in revenue. Much of the money is going toward things like semiconductors, servers and networking equipment that are critical for artificial intelligence computing. However, this gear loses its value much faster than other depreciating assets like real estate. Microsoft, Alphabet and Meta posted combined depreciation expenses of $15.6 billion in the first quarter, up from $11.4 billion a year ago. Add in Amazon, which has pumped more of its cash into capital spending in lieu of buybacks or dividends, and the number nearly doubles. 'People thought AI would be a monetisation machine early on, but that hasn't been the case,' said Rob Almeida, global investment strategist at MFS Investment Management. 'There's not as fast of AI uptake as people thought.' AI Bounce Of course, investors still have a hearty appetite for the technology giants given their dominant market positions, strong balance sheets and profit growth that, while slowing, is still beating the rest of the S&P 500. This explains the strong performance of AI stocks recently. Since April 8, the day before President Donald Trump paused his global tariffs and turned a stock market swoon into a boom, the biggest AI exchange-traded fund, the Global X Artificial Intelligence & Technology ETF, is up 34per cent, while AI chipmaker Nvidia Corp. has soared 49per cent. Meta has gained 37per cent, and Microsoft has climbed 33per cent — all topping the S&P 500's 21per cent advance and the tech-heavy Nasdaq 100 Index's 29per cent bounce. Just Tuesday, Bloomberg News reported that Meta leader Mark Zuckerberg is recruiting a secretive AI brain trust of researchers and engineers to help the company achieve 'artificial general intelligence,' meaning creating a machine that can perform as well as humans at many tasks. It's a monumental undertaking that will require a vast investment of capital. And in response Meta shares reversed Monday's decline and rose 1.2per cent. But with more and more depreciating assets being loaded on the balance sheet, the drag on the bottom line will put increased pressure on the companies to show bigger returns on the investments. Dealing With Depreciation This is why depreciation was a frequent theme in first-quarter earnings calls. Alphabet Chief Financial Officer Anat Ashkenazi warned that the expenses would rise throughout the year, and said management is trying to offset the non-cash costs by streamlining its businesses. 'We're focusing on continuing to moderate the pace of compensation growth, looking at our real estate footprint, and again, the build-out and utilization of our technical infrastructure across the business,' she said on Alphabet's April 24 earnings call. Other companies are taking similar steps. Earlier this year, Meta Platforms extended the useful life period of certain servers and networking assets to five and a half years, from the four-to-five years it previously used. The change resulted in a roughly $695 million increase in net income, or 27 cents a share, in the first quarter, Meta said in a filing. Microsoft did the same in 2022, increasing the useful lives of server and networking equipment to six years from four. When executives were asked on the company's April 30 earnings call about whether increased efficiency might result in another extension, Chief Financial Officer Amy Hood said such changes hinge more on software than hardware. 'We like to have a long history before we make any of those changes,' she said. 'We're focused on getting every bit of useful life we can, of course, out of assets.' Amazon, however, has taken the opposite approach. In February, the e-commerce and cloud computing company said the lifespan of similar equipment is growing shorter rather than longer and reduced useful life to five years from six. To Callodine's Morrow, the big risk is what happens if AI investments don't lead to a dramatic growth in revenue and profitability. That kind of market shock occurred in 2022, when a contraction in profits and rising interest rates sent technology stocks plummeting and dragged the S&P 500 lower. 'If it works out it will be fine,' said Morrow. 'If it doesn't work out there's a big earnings headwind coming.'