Robert Kiyosaki, author of 'Rich Dad Poor Dad', shared his view on the potential consequences of gold disappearing from Fort Knox.
Fort Knox, Bitcoin, silver, and dollar: Kiyosaki
In his tweet, Kiyosaki comments on Elon Musk's joke about the need to audit gold reserves at Fort Knox. He explores a hypothetical scenario where gold reserves disappear, suggesting that this could lead to a US economic collapse and dollar crash. Kiyosaki noted that in such a case, his investments in Bitcoin, gold, and silver would become extremely valuable.
Ripple CTO's doubts
David Schwartz, Ripple's CTO, believes that many Americans might not care about the presence of gold in Fort Knox. He suggests that the only likely outcome is a rise in gold prices. Schwartz also expressed doubt about the likelihood of a dollar collapse, stating that its usage and demand would remain stable.
Impact on the global economy
Despite Kiyosaki's concerns, experts like Schwartz argue that the Fort Knox gold situation would not significantly impact the global economy. The dollar, he believes, will continue to function as usual.
The discussion around Fort Knox gold and reliance on Bitcoin, gold, and silver highlights ongoing debates about the stability of fiat currency.
