Summary:
Robert Kiyosaki warns of a potential stock market crash.
He emphasizes the importance of investing in gold, silver, and Bitcoin.
Kiyosaki notes that gold prices hitting all-time highs indicate investor pessimism.
He advises investors to study and join investment clubs for better opportunities.
His message: 'smart investors get rich⌠regardless of market conditions.'
Robert Kiyosaki's Insights on the Market
Robert Kiyosaki, the well-known investor and author, has raised alarms about a potential stock market crash and emphasizes the necessity of investing in gold, silver, and Bitcoin.
What Happened:
On Saturday, Kiyosaki took to X to express his concerns regarding the current market state. He pointed out that the price of gold has reached an all-time high, suggesting a shift in investor sentiment towards more defensive assets. He stated, "So higher gold prices are not necessarily a good sign."
"The price of gold has hit all-time highs. Since 2000, those who invested in gold have done very well. I am one of those investors. I own physical goldâŚ. No paper gold ETFs. Unfortunately, higher gold prices generally mean investors are becoming pessimistic." â Robert Kiyosaki (@theRealKiyosaki)
Kiyosaki further warned that a major stock market crash is likely, stating, "If a major stock market crash occurs⌠Which I am expecting⌠Because the stock market has been high for too many years⌠This is not good news for people who do NOT own gold, silver, and Bitcoin."
Why It Matters:
Kiyosakiâs comments come as the stock market enjoys a prolonged bull run. He urged those who have not participated in this market to learn from their inaction.
"When this market crashesâŚand you have nothing because you did nothingâŚI would do what smart investors will be doingâŚ.Which is to take my time⌠studyâŚjoin an investment clubâŚ.watch for bargainsâŚ.and start buying assets at low pricesâŚcarefully."
He concluded by encouraging potential investors to be patient, join investment clubs, avoid greed, identify bargains, and aim to become richer.
"The lesson is: âsmart investors get richâŚ.regardless if markets are going up or down.'"
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