The author of the personal finance best-seller Rich Dad Poor Dad, Robert Kiyosaki, says the “biggest crash in world history” is coming by the end of this year.
In a new series of tweets, Kiyosaki says,
“REMINDER: I predicted the biggest crash in world history was coming in my book Rich Dad’s Prophecy. That crash will happen this year.
Baby Boom Retirements are going to be wiped out. Many boomers will be homeless or living in their kids basement. Sad.”
To make it through, Kiyosaki says he believes people should avoid “printed assets” and invest in “real assets” like gold, silver, Bitcoin and Ethereum.
“Savers are LOSERS,” he writes, noting fiat currency’s gradual debasement over time.
Kiyosaki highlights silver surpassing $50, predicts $75 is coming next, and calls silver and Ethereum “hot, hot, hot.”
He also declares the traditional 60/40 stock-bond portfolio “dead” since 1971, criticizing the U.S. dollar as “fake” from a “bankrupt” government.
As an alternate strategy, Kiyosaki advocates a 60/20/20 portfolio, with 60% of the portfolio allocated to gold.
The remaining 40% is split, with 20% in silver and 20% in assets like Bitcoin, Ethereum or real estate.
However, Kiyosaki himself says he’s deployed a more diverse strategy, heavily investing in precious metals, Bitcoin and Ethereum, real estate, oil and cattle.
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