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Robert Kiyosaki: We are facing a financial hell like the 1930s

BY Marek Jendral
Robert Kiyosaki predicts a crash similar to 1929

Robert Kiyosaki has once again shared warning signals. According to Finbold, he compared the current situation on financial markets to the events of 1929 that triggered the Great Depression. In a post on social media, he pointed to the extreme debt of the United States and labeled America as the biggest debtor in world history.

Robert Kiyosaki warns of a 1929-style crash

Kiyosaki warns that money printing cannot continue forever. That’s why he advises investors to focus on alternative assets like gold, silver, and Bitcoin. “I sit calmly with gold, silver, and Bitcoin. Good luck,” he stated.

Although Bitcoin dropped below the $119,000 mark before his statement, it partially recovered afterward. Still, some investors question its ability to serve as a long-term safe haven. Kiyosaki, however, continues to support the cryptocurrency as a form of digital gold and a hedge against declining trust in fiat currencies.

  • What happened in 1929? The 1929 Wall Street collapse is also known as the Great Crash. It was the most devastating stock market crash in U.S. history. The Great Crash is most commonly associated with October 24, 1929, known as Black Thursday, the day of the largest stock sell-off in U.S. history.

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ETFs are just paper money, he claims

In addition to warning about an economic collapse, Robert Kiyosaki also addressed the issue of ETFs. In a post, he referred to them as “paper assets” and explained that, in his view, they do not offer the same safety as physically owning precious metals. He stated:

“ETFs make investing easier for the average investor… which is why I recommend them. But an ETF is like having a picture of a gun for self-defense.”

This quote reflects his long-term approach and advocacy for real, physical assets over derivative products with no backing. Kiyosaki’s strategy is based on the belief that in times of uncertainty and potential crisis, the best protection is holding tangible value.

His position aligns with the views of experienced investors like Warren Buffett and Jim Rogers, who have recently increased their holdings in cash and precious metals.

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Marek Jendral

Written by

Marek Jendral