- Gold, Silver, and Bitcoin Are Safe Haven Assets
- Anticipation of US Interest Rate Cuts
- Increasing Bitcoin Investments
According to the author of 'Rich Dad, Poor Dad,' Robert Kiyosaki, gold, silver, and Bitcoin could become reliable investment assets in light of upcoming changes in the US economy. His opinion is based on the impending interest rate cuts and the need for portfolio diversification.
Gold, Silver, and Bitcoin Are Safe Haven Assets
Robert Kiyosaki stated that the prices of Bitcoin, gold, and silver are on the brink of a surge. He reiterated his stance that those who are still worried about which is better, gold or Bitcoin, will end up losing. In the past, he has emphasized the need for investors to incorporate safe-haven assets into their financial strategies. 'These assets, like parachutes, provide a soft landing during economic crises,' Kiyosaki noted, highlighting the importance of diversification and resilience in investment portfolios.
Anticipation of US Interest Rate Cuts
The possibility of interest rate cuts in the US has been growing every day. The latest US PPI inflation reading, which showed an improving economy, bolstered these expectations. Chris Larkin, managing director of trading and investing at E-Trade at Morgan Stanley, noted that the markets are expecting an initial 0.25% rate cut. Some analysts believe the rate cut could be 50 basis points in September. Economists from CITI forecast a 125 basis point rate cut in 2024. Lower inflation and reduced borrowing rates could boost the US economy and increase the prices of risk-on assets such as Bitcoin.
Increasing Bitcoin Investments
Robert Kiyosaki is confident that real estate, gold, silver, and Bitcoin will be useful when inflation hits the US economy. He advises investors to ask themselves, 'How many gold and silver coins, and Bitcoins do I own?' and then add more assets to their portfolios. 'Then please do something brave. Buy some more gold, silver, or Bitcoin before the Federal Reserve pivots and drops interest rates,' the author wrote on X.
Robert Kiyosaki continues to emphasize the importance of investing in gold, silver, and Bitcoin, especially in light of possible economic changes in the US. He advocates for asset diversification and highlights the significance of safe investments during uncertain times.
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