In an era marked by economic uncertainty and unpredictable market forces, investors are on the lookout for ways to fortify their financial future. Robert Kiyosaki, the influential voice behind the best-selling book Rich Dad Poor Dad has taken to social media to offer his cautionary perspective. Posted on X on October 29th, Kiyosaki warned of what he views as the “greatest crash in world history,” expected to unfold in 2024.
In his post, he lambasted the conventional wisdom that recommends a 60/40 investment split between bonds and stocks. According to Kiyosaki, this time-honored formula is not designed to weather the kind of financial tempest he anticipates. Instead, he champions a radical restructuring of investment portfolios, urging a transition to assets like gold, silver, and Bitcoin. “In 2024, 60/40 investors will be the biggest losers,” he starkly observed.
“Before going down with the ship, consider a shift to 75% Gold, Silver, Bitcoin and 25% real estate/oil stocks.”
Robert Kiyosaki on X
Forecasting a Glittering Future for Gold and Bitcoin
Earlier, Kiyosaki had made bullish forecasts for both gold and Bitcoin. He foresees gold prices breaking the $2,100 barrier, aiming for a next milestone of $3,700. Similarly, he’s bullish on Bitcoin, projecting a future value of $135,000. Furthermore, he defines gold and silver as “God’s money,” assets that, in his view, would hold or even appreciate in value if the stock and bond markets crash.
Check Out: Bitcoin vs. Gold: Evaluating Modern and Traditional Inflation Hedges
Meanwhile, Kiyosaki insists that gold, silver, and Bitcoin currently offer tremendous value, encouraging investors to allocate their funds to these assets immediately. In line with this, he has consistently criticized traditional financial products, branding them unsustainable in the long run. Additionally, he has drawn attention to worrying macroeconomic factors such as hyperinflation and the imminent introduction of a Central Bank Digital Currency (CBDC).
A Tectonic Shift in Investment Strategy?
As we contemplate the fallout of a financial catastrophe as predicted by Kiyosaki, the question that looms large is: “Should You Reconsider Your Investment Philosophy?” Are traditional investment models, long considered the bedrock of financial planning, truly obsolete in the face of impending economic upheaval? The “Rich Dad Poor Dad” author certainly thinks so. He remains committed to his alternate vision for wealth preservation, a vision that shuns bonds and stocks in favor of what he considers more resilient assets.
For decades, the 60/40 rule has been a cornerstone of investment strategy, but in a world bracing for unprecedented economic events, Kiyosaki insists it’s time for a change and add Bitcoin to the equation. Whether you agree with him or not, his arguments give cause for pause. Is it time to pivot your portfolio in anticipation of a less stable future? This question beckons us to reassess not just our investment choices, but our financial philosophies at their core.