‘Rich Dad Poor Dad’ author Robert Kiyosaki says Buffett’s endorsement of gold only suggests that a market crash is imminent.
Robert Kiyosaki, the author of the best-selling personal finance book “Rich Dad Poor Dad,” has gone after the billionaire investor and Berkshire Hathaway chairman Warren Buffett for softening his stance on gold and silver after years of criticism.
Kiyosaki said he got so nauseated listening to Buffett take a U-turn that he wanted to vomit.
Kiyosaki has repeatedly urged people to invest in precious metals and Bitcoin to survive a potential market crash.
Warren Buffett called Bitcoin ‘gambling token’
Buffett, on the other hand, had not been a fan of either crypto or precious metals.
During a speech he gave at Harvard University in 1998, he said,
“Gold gets dug out of the ground in Africa or someplace. Then we melt it down, dig another hole, bury it again and pay people to stand around guarding it. It has no utility. Anyone watching from Mars would be scratching their head.”
The billionaire investor earlier called Bitcoin “probably rat poison squared” and a “gambling token.”
Robert Kiyosaki asks to buy Bitcoin, Ethereum, gold amid market crash warning
Kiyosaki warned that Buffett’s “sickening endorsement” of gold and silver after years of dismissal only highlights that the stock and bond markets are going to crash.
“Might be time to listen to Buffet and buy some gold, silver, Bitcoin, and Ethereum.”
Kiyosaki is a strong proponent of the idea that a market crash as bad as the Great Crash of 1929 is imminent and recommends investing in assets like Bitcoin, gold, and silver to survive the uncertainty of the future.
As per Kraken’s price feed, Bitcoin has rallied more than 80% in a year and was trading at $116,354.76 at press time.
Ethereum has rallied more than 60% and was trading at $4,295.75.
Gold’s price has surged 45% and was trading at $3,888.15 per oz. Silver has similarly surged 45% and was trading at $47.31 per oz.
Disclaimer: The information provided here is for general informational purposes only and should not be considered financial advice. You should consult with a licensed financial advisor before making any investment or financial decisions.
