Robert Kiyosaki advised to prepare for the greatest catastrophe in world history in the markets

2023-10-30 14:09:13

The author of the book “Rich Dad Poor Dad,” Robert Kiyosaki, advised investors to prepare for the greatest disaster in world history in the financial markets and change the composition of their portfolios in favor of gold, silver, bitcoin, real estate and oil stocks. He wrote regarding this on the social network X (former social network Twitter, blocked in Russia).

Kiyosaki recalled the usual advice among financial experts to divide invested funds between bonds and stocks in a 60/40 ratio. “Investors with a 60/40 portfolio will lose the most in 2024,” he warned, comparing such investors to passengers on the “ship of fools” (the painting “Ship of Fools” is one of the most famous works of Hieronymus Bosch, which is kept in the Louvre in Paris). .

Kiyosaki suggested that investors reconsider the composition of their portfolios so as not to sink with this “ship.” According to Kiyosaki, a modern anti-crisis portfolio should consist of 75% gold, silver and bitcoins and 25% shares of oil companies and real estate. “Such a structure may allow you to survive the greatest catastrophe in world history,” he wrote.

In September, Robert Kiyosaki warned that the American stock, bond and real estate markets might collapse, and traders would begin to buy gold, silver, and bitcoin. According to him, America is ruined and investors should invest in protective assets before the markets begin to collapse. Previously, he also stated that inflation in the United States has become a systemic problem and investors must begin to protect themselves from it by buying specific real assets.

In March 2023, Kiyosaki suggested that Swiss Credit Suisse would be the next to collapse following American banks Silicon Valley Bank, Signature Bank and Silvergate Capital. “I said Lehman Brothers years ago, and I think the next bank will be Credit Suisse because the bond market is collapsing,” he said. The troubled Credit Suisse in March 2023 was absorbed Swiss bank UBS.

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