- “Rich Dad Poor Dad” author Robert Kiyosaki expects a brutal crash across financial markets.
- The personal-finance guru recommends buying bitcoin, gold, and silver before the downturn.
- Kiyosaki has also blasted the Federal Reserve and celebrated Reddit traders.
- See more stories on Insider’s business page.
“Rich Dad Poor Dad” author Robert Kiyosaki has warned of a devastating market crash, slammed the Federal Reserve for devaluing the US dollar, and repeatedly urged investors to buy gold, silver, and bitcoin in tweets over the past 12 months.
The personal-finance guru has also cheered on Reddit traders, analyzed Warren Buffett’s portfolio tweaks, and advised investors to capitalize when asset prices tumble.
Here are Kiyosaki’s 16 best tweets in the past year, lightly edited for clarity:
1. “The best time to prepare for a crash is before the crash. The biggest crash in world history is coming. The good news is the best time to get rich is during a crash. Bad news is the next crash will be a long one. Get more gold, silver, and bitcoin while you can. Take care.” – June 28, 2021.
2. “Biggest bubble in world history getting bigger. Biggest crash in world history coming. Buying more gold and silver. Waiting for bitcoin to drop to $24k. Crashes best time to get rich. Take care.” – June 19, 2021.
3. “Bitcoin crashing. Great news. When price hits $27,000, I may start buying again. A lot will depend upon global-macro environment. Remember the problem is not gold, silver, or bitcoin. Problem are the incompetents in government, Fed & Wall Street. Remember gold was $300 in 2000.” – May 30, 2021.
4. “Fed wants inflation to pay debt with cheaper $. Fed will raise interest rates causing stock, bond, real estate & gold crash. Biggest problem is Boomer retirement. Social Security Medicare & America broke. Fed to print more fake money. Stick with gold, silver, and bitcoin.” – May 17, 2021.
5. “ARE YOU READY? Boom, Bust, Mania, Crash, Depression. Mania in markets today. Prepare for biggest crash, depression in world history. What will Fed do? Print more money? Save more gold, silver, bitcoin.” – April 17, 2021.
6. “After 2008 Subprime Crash, Fed and Treasury printed $700 billion. 2021 Fed and Treasury to print $7 trillion. Biggest crash in history coming. Worst investment is FANG stocks. Anyone not buying gold, silver, bitcoin now is an idiot.” – April 11, 2021.
7. “Anyone who says ‘money doesn’t make you happy’ is a sick puppy who has never been broke. Money is a drug. It makes people happy. Problem is when drug wears off, people get unhappy. Buy gold, silver, bitcoin, real money and stay happy.” – March 21, 2021.
8. “Why do I like gold, silver, bitcoin? LIQUIDITY. People rushing in to buy a house at top of real estate market. When real estate crashes cannot get out. Real estate not liquid. I own 8,000 rental properties. Bought during crashes. In 2021, I prefer liquidity of gold, silver, bitcoin.”…