Robert Kiyosaki, the author behind the acclaimed personal finance book Rich Dad Poor Dad, recently offered his perspective on how investors can adapt to what he views as an impending ‘giant crash.’
Kiyosaki pointed out that investors can leverage the crash—which he asserts is already in progress—to accumulate wealth instead of giving in to fear, as he mentioned in a post on X on November 10.
The well-known investor recalled the 2008 financial crisis, emphasizing how discounted assets, especially real estate, turned profitable for those who recognized and acted on the opportunity.
He compared the current economic situation to a ‘giant sale,’ where high-quality assets are becoming increasingly accessible.
While acknowledging that market volatility could instill fear and provoke impulse selling, Kiyosaki encouraged viewing it as a purchasing opportunity that could lead to greater resilience in the future.
“In 2008, the best real estate went on sale, all over the world….and some of you know my favorite four-letter word is “Sale.” Although I do not need to get richer…. I have a tough time passing up a “SALE.” Don’t be a loser and panic during this crash. Please use this giant crash…. A giant sale…. TO GET RICHER….while losers get poorer,” Kiyosaki.
The banking crash
In his alert concerning the market crash, Kiyosaki specifically highlighted the banking sector, which he believes is already facing significant challenges.
According to a report by Finbold, he has warned that the collapse of the banking sector is already taking shape, citing regulatory interventions at Oklahoma’s First National Bank of Lindsay due to allegations of fraud.
Kiyosaki pointed out that this crisis might hinder banks from surviving, thus presenting openings for alternative investments.
As a strategy for wealth preservation, he suggested investing in silver. He emphasized that investors could acquire the precious metal while it remains affordable, potentially leading to profit as economic pressures increase.
“Even if you have very little money, you may still be able to profit from this crash. All you need is a few extra dollars…. Because you can still afford to buy a few real silver coins… before silver doubles and triples. One definition of a loser is someone who knows what to do…. But doesn’t do it. Silver is still just $30, which is about 50% below its all-time high,” he said.
Kiyosaki’s warning on historic market crash
This outlook aligns with Kiyosaki’s ongoing caution regarding a significant market crash, which he predicts will have severe long-term ramifications.
The investor has consistently advocated for investing in alternative assets, particularly gold, silver, and Bitcoin (BTC). He notably anticipates that Bitcoin could reach $500,000 by 2025.
It is important to note that the financial educator continues to warn of a current crash despite the stock market and cryptocurrencies hitting new highs amid optimistic investor attitudes toward a potential second term for Donald Trump.
Kiyosaki had earlier indicated that the economy was poised for a downturn, irrespective of the outcome of the U.S. presidential elections.
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