'Millions will be destroyed': Robert Kiyosaki says the great catastrophe he predicted is here.  But right now might be the perfect time to "get rich" — here's how

'Millions will be destroyed': Robert Kiyosaki says the great catastrophe he predicted is here.  But right now might be the perfect time to

‘Millions will be destroyed’: Robert Kiyosaki says the great catastrophe he predicted is here. But right now might be the perfect time to “get rich” — here’s how

Safe havens are hard to come by these days.

Stocks are down, Bitcoin is depressed, and even the recently red-hot real estate market appears to be cooling off due to aggressive rate hikes by the Fed.

While it may be tempting to hide in cash, Rich Dad Poor Dad author Robert Kiyosaki believes this may be the perfect time to “get rich.”

In a tweet on Sunday, Kiyosaki explained how he made his fortune by bucking the herd during the Great Recession.

“2008 was a great time to get rich. Everything went on sale. Borrow millions of dollars buying bargain properties,” he wrote.

The author also calls for a major catastrophe.

“2013 I published the Rich Dads Prophecy predicting a BIGGER crash was coming. THIS MAP IS HERE. Millions will be destroyed.

Here’s a look at two assets that might help survive this storm.

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The renowned author is a longtime proponent of investing in precious metals.

Gold and silver have helped investors preserve their wealth for centuries. They cannot be printed out of thin air like fiat money and their value is largely unaffected by economic events around the world.

But this time, Kiyosaki favors one over the other, and it has to do with the gold-to-silver ratio — which simply refers to the number of silver ounces needed to buy one ounce of gold.

“FYI gold silver, the oldest tracked exchange rate in history: for the 20th century the gold:silver ratio was 47:1…47 oz silver=1 oz gold. Today 85:1,” he tweeted last month.

In other words, the current gold to silver ratio suggests that gold (silver) is relatively expensive (cheap) historically.

Kiyosaki also favored silver for its industrial use.

“Silver is an industrial precious metal. Gold is not.”

The gray metal is widely used in the manufacture of solar panels and is also a critical component in the electrical control units of many vehicles. Industrial demand – plus hedging properties – makes silver a very interesting asset class for investors.

There are many silver miners who are well positioned for a silver price boom. Companies like Pan American Silver ( PAAS ), Wheaton Precious Metals ( WPM ), and First Majestic Silver ( AG ) should provide a good starting point for some research.

But Kiyosaki suggests a simpler approach – just buy the metal directly.

“I don’t touch paper gold or silver ETFs,” he says. “For $25, anyone can buy a silver coin.”

So maybe it’s time to visit your local gold shop.


Of course, Kiyosaki isn’t exactly saying that silver is immune to the current market turmoil.

“All markets are crashing: real estate, stocks, gold, silver, bitcoin,” he tweeted last week.

But the power of one asset is very well known right now: oil.

That’s not necessarily good for your wallet, because higher oil prices mean you pay more for gas. “Middle class destroyed by higher oil inflation,” Kiyosaki recently tweeted.

Of course, if you own investments with exposure to the energy sector, your portfolio in 2022 will likely look better than those without it.

The price of crude oil fell in June and July, but is still up 34% year to date.

As you would expect, strong oil prices benefit oil producers. So far this year, investors have enjoyed huge returns from names like Chevron (35%), Exxon Mobil (51%) and ConocoPhillips (50%).

However, investing in commodities is a particularly volatile endeavor.

If you prefer to hedge against inflation without the extreme ups and downs of commodity stocks, check out a few alternative assets under the radar.

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This article provides information only and should not be construed as advice. Provided without any warranty.

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