Robert Kiyosaki, author of “Rich Dad Poor Dad,” regularly advises investors via social media. Gold, silver and bitcoin remain at the forefront of his posts. Once again, he issued a dire warning in his Twitter (now X) post, saying that a recession is imminent. With this caveat, he added, “I’ve been buying gold since 1971, and I’m still buying, not selling.”
Kiyosaki warned of recession
Robert Kiyosaki wrote in his post, “A recession is coming, and I’m not selling gold, I’m buying it.” He further wrote, “My target price for gold is $27,000. I got this target price from my friend Jim Rickards, and I own two gold mines.” According to the author, he started buying gold in 1971, the year Nixon de-pegged the US dollar. Roberts said Nixon violated Gresham’s Law, an economic principle that says bad money drives out good money. He clearly said that when fake currency enters the system, the real currency hides somewhere.
Where will silver and bitcoin go?
Kiyosaki, the author of “Rich Dad, Poor Dad,” also set a new target for Bitcoin in 2026, which is $250,000. For silver it is $100. Another cryptocurrency he recommends investing in is Ethereum, for which he sets a target of $60.
Do the US Treasury and the Fed break the rules?
In addition to issuing a crash alert, he wrote in his post that unfortunately, both the US Treasury and the Federal Reserve violate established rules. They print fake currency to pay their bills. But if you and I did what the Fed and the Treasury are doing, we would be in jail for breaking the law. He said, “I believe in all the principles of money and follow the Gresham-Metcalfe rules.”
“A lot of money is coming in”
According to Robert Kiyosaki, America is currently deeply in debt and has become the largest debtor country in history. He said, “So I’m warning that savers will suffer losses. I will keep buying gold, silver, Bitcoin and Ethereum even if they fall. Remember, ‘a lot of money is coming in’.”