Robert Kiyosaki, the renowned author of the bestseller "Rich Dad Poor Dad," has expressed his opinion on the upcoming crash of the S&P 500 index, predicting a 70% drop. In his warning, he also advised investors to consider reliable assets such as gold, silver, and Bitcoin, highlighting their potential as a hedge against financial upheavals.
Kiyosaki criticizes financial planners for their tendency towards traditional investments and high fees, overlooking the benefits of investing in hard assets. He emphasizes that historical data supports the high returns of gold compared to the S&P 500 index over decades.
In his book "Rich Dad's Prophecy," Kiyosaki had already predicted economic turmoil and now urges investors to reconsider their strategies and choose qualified financial advisors. He believes that diversifying the portfolio by including hard assets can help minimize risks in market volatility.
Kiyosaki also expressed concern about the sustainability of the American economy, comparing it to the fall of the Roman Empire and pointing out the risks associated with high national debt and excessive spending. He warns against repeating historical mistakes, emphasizing the importance of a conscious approach to investing and personal finance management.
