Robert Kiyosaki, the writer of one of the hottest selling book in the history ‘Rich Dad, Poor Dad’, recommends buying Bitcoin, Gold, and Silver.
Robert believes the US dollar is dying.
WHY IS DOLLAR DYING? 2008 Fed printed $4.5 Trillion to save rich. 2020 Fed will have to print $6-8 Trillion, maybe more to save US economy. There is only $9.5 Trillion in gold in WHOLE WORLD. Buy real gold silver Bitcoin. No paper ETF gold or silver. PhDs at Fed are IDIOTS.
— therealkiyosaki (@theRealKiyosaki) 7 April 2020
Fed’s printing press is at work again but this time, the amount of UDD won’t suffice as the Fed may have to inject $6 to $8 trillion into the struggling economy from the printing press. The real problem is, there is only $9.5 trillion in gold in the world and the Fed wants to print more dollars than the available amount of reserves.
DEATH OF DOLLAR. People desperate for money. Very sad. If government gives you free money take it yet spend it wisely. DO NOT SAVE. Buy gold, silver, Bitcoin. Dollar is dying. Silver $20. Best Buy for future security. Everyone can afford $20, especially with free fake money.
— therealkiyosaki (@theRealKiyosaki) 4 April 2020
Kiyosaki in his tweet suggests, buying Bitcoin, real gold and real silver could help save money. He believes, PHDs at Fed are idiots.
By looking at his tweet, one fears, Bitcoin is the hardest money in human history. Silver has been demonetized, Gold is following the footprints of silver and both are losing their monetary premium status to Bitcoin in the years ahead.
Here is an interesting response to the tweet above. In this video, the Russian President gives his opinion about the US dollar.
VLADIMIR PUTIN: “The dollar enjoyed great trust around the world. But for some reason it is being used as a political weapon, imposing restrictions. Many countries are now turning away from the dollar as a reserve currency. US Dollar will collapse soon.” pic.twitter.com/MO6pEd4jUr
— BTC Time Traveler (@BTCTimeTraveler) 4 April 2020
Bitcoin stability has been questioned so one doubts the wisdom of Mr. Kiyosaki. The crypto has seen many nose-dives in the last 2 years, making it skeptical for investors to pour in their money.
At the time of writing this article, Bitcoin price has surged too, it stands at 7,313.19 United States Dollar.