Renowned investor and author Robert Kiyosaki expressed concern about a possible stock market crash and emphasized the importance of investing in gold, silver, and Bitcoin BTC/USD.
What happened: On Saturday, Kiyosaki shared his thoughts on the current state of the market with X. He noted that gold prices have reached record highs, indicating that investors are becoming more pessimistic and moving investments into defensive assets. “Therefore, rising gold prices are not necessarily a good sign,” he said in the post.
The price of gold has reached an all-time high. Since 2000, people who have invested in gold have done very well.
I am one of those investors. I own physical gold…. There are no paper gold ETFs.
Unfortunately, rising gold prices generally mean investors are becoming more pessimistic. Many…
— Robert Kiyosaki (@theRealKiyosaki) October 12, 2024
He also warned of an impending stock market crash, saying: “If there is a major stock market crash…I expect it…because the stock market has been high for many years…this is not good news for people who don’t own gold. ”, silver, bitcoin. ”
Also read: Robert Kiyosaki warns of soaring US debt: ‘The dollar is trash’
Why it matters: Kiyosaki’s comments come at a time when the stock market is experiencing an extended bull market. He emphasized that those who haven’t invested in the bull market should learn from their inaction.
“If this market crashes…I don’t have anything because I didn’t do anything…I would do what any smart investor would do…take time…study…join an investment club…get a bargain.” “Watch for … and start buying assets at low prices … cautiously,” he advised.
He concluded the thread by encouraging potential investors to be patient, join investment clubs, avoid greed, identify bargains, and strive to become wealthier. “The lesson is: Smart investors get rich…whether the market goes up or down.”
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