robert kiyosakiThe renowned investor and author expressed concern about the possibility of a stock market crash and emphasized the importance of investing in gold, silver and Bitcoin. BTC/USD.
what happened: On Saturday, Kiyosaki spoke to X about his views on the current state of the market. He noted that gold prices have reached record highs, indicating that investors are becoming more pessimistic and moving investments into defensive assets. “Therefore, rising gold prices are not necessarily a good sign,” he said in the post.
He also warned of an impending stock market crash, saying: “If there is a major stock market crash…I expect it…because the stock market has been high for many years…this is not good news for people who don't own gold. ”, silver, bitcoin. ”
Also read: Robert Kiyosaki warns of soaring US debt: 'The dollar is trash'
Why it's important: Kiyosaki's comments come as the stock market is experiencing a prolonged bull market. He emphasized that those who haven't invested in the bull market should learn from their inaction.
“If this market crashes…I don’t have anything because I didn’t do anything…I would do what any smart investor would do…take time…study…join an investment club…get a bargain.” “Watch for … and start buying assets at low prices … cautiously,” he advised.
He concluded the thread by encouraging potential investors to be patient, join investment clubs, avoid greed, identify bargains, and strive to become wealthier. “The lesson is: Smart investors get rich…whether the market goes up or down.”
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Robert Kiyosaki, author of “Rich Dad Poor Dad,'' says wealth is accumulating as the market falls: “The market is crashing, great news, now it's your turn to get rich.''
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