Other gurus such as JP Morgan CEO Jamie Dimon, MicroStrategy Chairman Michael Saylor, and former President Donald Trump have also pointed out these risks, highlighting the rise in gold and interest rate cuts in the United States as key signs of alert.
For the investor and best-selling author Robert Kiyosakithe current economic outlook shows worrying signs, and one of the key indicators is the gold price. According to a publication he made in X on October 12, Kiyosaki highlights that the fact that gold is reaching all-time highs reflects growing pessimism among investors.
Kiyosaki recalls that those who invested in gold 24 years ago, including him, have seen positive results. “I am one of those investors. “I own physical gold, not paper gold ETFs,” he clarifies. However, despite the rise in gold, he does not consider it to be a favorable sign for the market in general.
The writer refers to the strong increase in the price of gold, with a valuation of more than 30% so far in 2024. This trend, according to Kiyosaki, usually indicates that investors are leaving stocks to turn to safer assets. in times of uncertainty. This dynamic leads you to anticipate an imminent crash in the stock market, which could trigger a crash in other markets as well.
Gold: the latent risk of a financial crisis
“If there is a major stock market crash, something I am already expecting because it has been at too high levels for a long time, it will not be good news for those who do not own gold, silver or bitcoins,” Kiyosaki emphasizes. Although he expects that the price of bitcoin will also be affected by this collapse, even falling to US$5,000, he is confident that it will later recover and reach levels above US$250,000.
Kiyosaki says he would take advantage of that drop to acquire bitcoin and other assets at low prices, hoping to capitalize on the subsequent rally. His advice to investors is clear: study the market, be patient and prepare for a possible recession. Only those who are well prepared will be able to emerge stronger, he warns.
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“This is the time, even if the economy goes into depression, to be patient, join an investment club, be smarter, not be greedy, identify good opportunities and increase your wealth cautiously,” Kiyosaki reiterates. These ideas reinforce his previous warnings, aligning himself with other figures such as Elon Musk, who believe that the monetary and financial policies of the United States are leading the country and the world towards a recession.
Leaders such as JPMorgan CEO Jamie Dimon, MicroStrategy Chairman Michael Saylor and former President Donald Trump have also flagged these risks, highlighting the rise in gold and US interest rate cuts as key warning signs.
Source: Ambito
I am Pierce Boyd, a driven and ambitious professional working in the news industry. I have been writing for 24 Hours Worlds for over five years, specializing in sports section coverage. During my tenure at the publication, I have built an impressive portfolio of articles that has earned me a reputation as an experienced journalist and content creator.
