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‘God have mercy on us all’: Robert Kiyosaki warned that the economy is the ‘biggest bubble’ in history and urged investors to dump paper assets — here are 3 real assets he likes instead

Jing Pan
Updated ·4-min read

2022 was tough for most investors. Stocks, bonds, and even crypto plunged.

But the worst could be yet to come according to Rich Dad Poor Dad author Robert Kiyosaki.

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‘God have mercy on us all’: Robert Kiyosaki warned that the economy is the ‘biggest bubble’ in history and urged investors to dump paper assets — here are 3 real assets he likes instead
‘God have mercy on us all’: Robert Kiyosaki warned that the economy is the ‘biggest bubble’ in history and urged investors to dump paper assets — here are 3 real assets he likes instead

“I believe economy is the biggest bubble in world history,” he said in a tweet. “God have mercy on us all.”

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Since a lot of financial assets have gotten cheaper in this market downturn, it might be tempting to buy the dip. But that’s not what Kiyosaki is doing.

“Many of you know I do not invest in equities, bonds, ETS or MFs. Please DO NOT listen to what I’m going to say next: ‘I would get out of paper assets’,” he says, adding that the world economy “is not a ‘market.’”

Instead, Kiyosaki likes three real assets for protection. Here’s a look at each one of them.

Gold and silver

Precious metals — particularly gold and silver — have been a popular hedge against inflation and uncertainty. They can’t be printed out of thin air like fiat money and their value is largely unaffected by economic events around the world.

Kiyosaki has long been a fan of gold — he first purchased the yellow metal in 1972.

“I’m not buying gold because I like gold, I’m buying gold because I don’t trust the Fed,” he said in an interview last year.

Kiyosaki likes silver, too. In fact, he tweeted “Silver best investment in Oct 2022” and “Everyone can afford $20 silver.”

To be sure, precious metals weren’t immune to the sell-off that was happening in 2022. That being said, both metals are showing promise so far in 2023 with gold and silver both up around 5% over the past three months.

While there are many ways to gain exposure to gold and silver, Kiyosaki prefers to just buy the metal directly. Earlier in 2022, he tweeted that he only wants “real gold or silver coins” and not ETFs.

The author also called silver “a bargain” recently. So it might be time to visit your local bullion shop.

Bitcoin

Bitcoin investors have learned the hard way just how volatile it can be.

In November 2021, bitcoin reached a high of $68,990. As of Thursday, it was hovering around $32,015.17.

But Kiyosaki doesn’t seem bothered by the cryptocurrency’s downturn.

“BITCOIN? WORRIED? No,” he writes in a November tweet. “I am a Bitcoin investor as I am an investor in physical gold, silver, & real estate.”

In fact, he sees the crypto mayhem as an opportunity.

“When BITCOIN hits new bottom, $10 to $12 k? I will get EXCITED, not worried.”

Kiyosaki believes in bitcoin for the same reason he loves precious metals: a distrust in our fiat money system and the government.

“I bet against the Fed, Treasury, Biden, & bet on [gold], [silver], & Bitcoin,” he explained.

In December 2022, he tweeted another reason for his continued interest in the crypto coin.

"Bitcoin is classified as a commodity much like gold, silver, and oil. Most crypto tokens are classifed as a security and SEC regulations will crush most of them. I am buying more BC"

These days, it’s very easy to tap into bitcoin: you can buy bitcoin directly. Just be aware that many exchanges charge up to 4% in commission fees just to buy and sell crypto. So look for investing apps that charge low or even zero commissions.

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This article provides information only and should not be construed as advice. It is provided without warranty of any kind.