Leading economist signals ‘biggest bubble in world history’ — RT Business News
Robert Kiyosaki urged investors to get rid of their paper assets and consider buying physical gold
Today’s economy is « the biggest bubble in the history of the world » renowned writer and economist Robert Kiyosaki warned. The co-author of the best-selling personal finance book « Rich Dad Poor Dad » has urged investors to get rid of their paper assets.
This year brought little joy to most investors, as financial markets were exposed to high volatility, with stocks and bonds plummeting and even benchmark exchange-traded funds (ETFs) in the red.
As the price of a host of financial assets fell amid the current market downturn, some investors resorted to risky strategies in hopes of a potential reward. However, Kiyosaki thinks the worst is yet to come and warns against such temptations.
The author gave advice to « Keep your money » and shared its own strategy. “Many of you know that I don’t invest in stocks, bonds, ETS or MFs. Please don’t listen to what I’m going to say next: I’ll be exiting paper assets,” he said, adding that the global economy « is not a market. »
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Instead, he suggests viewing precious metals as a hedge against market turbulence and inflation, arguing that their value is more stable, but not completely immune to economic uncertainty.
« I don’t buy gold because I like gold, I buy gold because I don’t trust the Fed » Kiyosaki said in an interview last year. Among other means of investing in gold and silver, he prefers to buy the metals directly in « real gold or silver coins » and not in ETFs.
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