Renowned author and investor Robert Kiyosaki sees troubling signs in current economic indicators, particularly the surging price of gold, which could signal a forthcoming collapse across all markets.

Market Continues to Rise: A Harbinger of Trouble?

In a statement shared on the social platform X on October 12th, Kiyosaki expressed concerns about the continuous high levels of the stock market, which he sees as indicative of an inflated market poised for a correction. Gold reaching new highs traditionally signals investor pessimism.

Bet on Gold and Caution: Kiyosaki's Advice

Kiyosaki, who personally invests in gold for over 24 years, emphasizes the distinction between owning physical gold and paper gold ETFs. He notes that those who have held investments in gold have generally seen favorable outcomes. However, the surge in gold prices may indicate preparations for tougher times.

Long-term Strategy: Investment in Bitcoin

Despite his grim forecast for the stock market, Kiyosaki remains optimistic about the long-term prospects of digital currencies. He predicts Bitcoin could rise to $250,000. His strategy involves acquiring Bitcoin and other assets at low prices and waiting for their value to increase.

Kiyosaki advises preparing for economic turbulence by making thoughtful investments. His recommendations resonate with other financial experts who share similar concerns about current financial policies.