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Yahoo
3 days ago
- Business
- Yahoo
'Rich Dad Poor Dad' author warns 'the biggest crash in history is coming'
'Rich Dad Poor Dad' author warns 'the biggest crash in history is coming' originally appeared on TheStreet. Robert Kiyosaki, the author of the bestselling book "Rich Dad Poor Dad," has issued another stern warning about the market. The personal finance writer recently took to X to voice his persistent concern about "the biggest crash in history" that he says is coming as predicted in his book, "Rich Dad's Prophecy" (2013). When the stock, bond, and real estate markets crash this summer, millions of people, "especially my generation of boomers," will be wiped out, he warned. However, Kiyosaki seemed to offer a way out to "proactive" individuals who can not only survive this crash but may even become "extremely rich." Billions of traders will shift to gold and Bitcoin — the "digital gold," as Bitcoin proponents like to call it, Kiyosaki predicted. He placed his biggest bet on silver, though: In 2025 silver may 3X. As per Kraken, Bitcoin was quoted at $104,446.51 at press time, 6.7% lower than its May 22 record high of $111,970.17. Gold was trading at $3,372.30 per oz. at press time, 4% lower than its Apr. 22 record high of $3,500. Meanwhile, silver was exchanging hands at $34.58 at press time, 30% lower than its record high of $49.95 per oz. that it reached way back in January 1980. It is this price dynamic of silver that Kiyosaki said he was going to exploit. Gold and Bitcoin are also on his cards. The bestselling author asked his X followers: What are you going to do tomorrow….grow richer or grow poorer? Please choose to get richer. Kiyosaki's "Rich Dad Poor Dad" discusses two distinct financial mindsets: one believing in job security and savings, and another believing in investing and asset ownership to achieve financial independence. The author vouches for the latter. Disclaimer: The content above is intended for informational purposes only and should not be taken as financial advice. Do your own research before investing. 'Rich Dad Poor Dad' author warns 'the biggest crash in history is coming' first appeared on TheStreet on Jun 2, 2025 This story was originally reported by TheStreet on Jun 2, 2025, where it first appeared. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Economic Times
3 days ago
- Business
- Economic Times
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.' 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 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 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.' ADVERTISEMENT 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)
Time of India
19-05-2025
- Business
- Time of India
$1.6 trillion crisis is coming soon: Rich Dad, Poor Dad writer Robert Kiyosaki warns only these three assets can save you
Robert Kiyosaki, author of Rich Dad Poor Dad, has issued a new warning about a coming financial meltdown. Citing past crises and unresolved root causes dating back to 1971, Kiyosaki said the next crash could be worse than ever — and might hit as soon as 2025. He urged people not to rely on fiat currency or bailouts, but instead to save real assets like gold, silver, and Bitcoin. 'Please take care… bail yourself out,' he warned in a message posted to X. Tired of too many ads? Remove Ads Roots of the problem go back to 1971 Tired of too many ads? Remove Ads 'Savers are losers': Kiyosaki on fiat money Real assets, not ETFs Tired of too many ads? Remove Ads 'The crash has begun' Bestselling author Robert Kiyosaki has sounded the alarm once again, warning of a looming global financial crisis that he believes could strike in a post on X, the Rich Dad Poor Dad writer reflected on the progression of past financial disasters, saying, 'In 1998 Wall Street got together and bailed out a hedge fund LTCM: Long Term Capital Management. In 2008 the central banks got together to bail out Wall Street. In 2025, long time friend, Jim Rickards is asking who is going to bail out the central banks?'Kiyosaki suggested that each successive crisis has become more dangerous because its underlying cause has never been blamed the start of the long-running instability on a decision made more than five decades said the origin of today's monetary fragility began when former US President Richard Nixon removed the US dollar from the gold standard in 1971. According to Kiyosaki, this move decoupled currency from tangible value and introduced a systemic flaw that has only grown longtime friend and economic commentator Jim Rickards has also weighed in. He believes the collapse of the $1.6 trillion student loan debt market could act as the trigger for the next financial years, Kiyosaki has been vocal about what he calls the illusion of safety in traditional savings.'The best way to protect yourself is not by saving fake fiat money,' he wrote, repeating one of his core messages from over two decades ago: 'As I stated over 25 years ago, in Rich Dad Poor Dad, 'The rich don't work for money' and 'Savers are losers.''In his view, financial resilience will not come from government bailouts or stock market-linked urged people to take control of their financial future by turning to real, physical assets.'You bail you and your family out by saving real gold, silver, and Bitcoin. No ETFs,' he said, stressing that exchange-traded funds do not offer the same believes that individual action — not institutional intervention — is the best defence against economic instability Kiyosaki's latest message reiterates warnings he made in his 2012 book Rich Dad's Prophecy, where he predicted a major economic crash. He now says that forecast is coming true.'The crash I warned about in Rich Dad's Prophecy in 2012 has begun,' he wrote. 'Please take care… bail yourself out… by saving real gold, silver, and Bitcoin.'Kiyosaki ended his message with a question that encapsulates his overall warning: 'If Jim Rickards is correct… then who will bail you out?'
Time of India
19-05-2025
- Business
- Time of India
Rich Dad Poor Dad author Robert Kiyosaki predicts new financial crash, says fiat money unsafe, student debt could collapse
Bestselling author Robert Kiyosaki has raised concerns over a looming global financial crisis, stating that underlying economic problems continue to be ignored. In a recent post on X (formerly Twitter), the Rich Dad Poor Dad author said each crisis has grown larger because the root causes have not been addressed. He referred to past bailouts, such as the 1998 rescue of hedge fund LTCM by Wall Street and the 2008 financial support extended to Wall Street by central banks, and questioned the future of such interventions. Concerns over student debt and historical roots Kiyosaki suggested that the origin of today's financial instability can be traced back to 1971, when the U.S. dollar was removed from the gold standard by then-President Richard Nixon. He echoed concerns voiced by economist Jim Rickards, indicating that the $1.6 trillion student loan debt market could be the trigger for the next major collapse. 'In 2025, my long-time friend Jim Rickards is asking: who is going to bail out the central banks?' Kiyosaki posted. In 1998 Wall Street got together and bailed out a hedge fund LTCM: Long Term Capital 2008 the Cental Banks got together to bail out Wall 2025, long time friend, Jim Rickards is asking who is going to bail out the Central Banks?In other words each… Fiat currency called unsafe for savings Reinforcing a position he has held for decades, Kiyosaki criticised traditional savings methods. He stated that relying on what he called 'fake fiat money' is no longer a secure financial strategy. 'As I stated over 25 years ago, in Rich Dad Poor Dad, the rich don't work for money and savers are losers,' he wrote, warning that saving in conventional currency could put individuals at risk during economic downturns. Save in Gold, Silver, and Bitcoin Rather than depending on governments or financial institutions during a crisis, Kiyosaki advised people to act independently. He recommended saving real assets such as gold, silver, and Bitcoin — not exchange-traded funds (ETFs). 'You bail you and your family out by saving real gold, silver, and Bitcoin. No ETFs,' he said. Kiyosaki ended his message with a reference to his 2012 book Rich Dad's Prophecy, stating that the crash he had predicted has already started. 'Please take care. Bail yourself out,' he warned.
Yahoo
05-05-2025
- Business
- Yahoo
Rich Dad Poor Dad author warns 'biggest market crash' in history is happening now
Robert Kiyosaki, the outspoken author of Rich Dad Poor Dad — has issued yet another urgent warning: 'The biggest market crash in history is now happening now.' In a post shared on X, Kiyosaki didn't hold back. 'I hope I am wrong… but as I forecasted… the biggest market crashes in stocks, bonds, and real estate… are about to happen in the very very near future.' The bestselling financial author first predicted a catastrophic collapse in his 2002 book Rich Dad's Prophecy. Now, with volatility rising, he believes that warning is playing out in real time. Kiyosaki's solution? He's been steadily investing in what he calls real assets: 'This is why I have been investing in gold, silver, and Bitcoin.' He predicts silver, currently trading at around $35, could 'explode 2X in price' and hit $70 by 2026. Kiyosaki said he expects the Federal Reserve and the U.S. Treasury to turn to their old playbook when the crash deepens — printing more money. And that, he says, could be disastrous for the average American. 'If the markets do crash… odds are the Fed and Treasury will print trillions in fake dollars… increasing M2 money supply which will probably cause massive inflation,' he said. 'Simply said: I do not trust the Fed and Treasury. They will turn on the FAKE MONEY PRESS.' He added, 'I trust gold, silver, and Bitcoin to protect me from the coming massive inflation… caused by the loss of purchasing power of FAKE money… which is why I have been warning for years, 'Savers are Losers.'' Kiyosaki has been on a roll with market commentary in recent weeks. He previously predicted Bitcoin could hit $200,000 this year and eventually surpass $1 million by 2035. On April 20, he told followers he was buying silver again, calling it 'the biggest investment bargain today.' His advice to followers remains consistent: hedge against a collapsing dollar with Bitcoin, gold, and silver — and stay away from traditional savings. 'I want you to get richer… not poorer. Take care,' he concluded.
