Robert Kiyosaki, author of the renowned “Rich Dad Poor Dad” series, has voiced strong dissent regarding Warren Buffett’s recent endorsement of gold and silver. Kiyosaki interprets this shift in sentiment from the legendary investor, who historically disparaged precious metals, as a significant indicator of an impending market downturn and potential economic depression. This commentary highlights a growing divergence in investment philosophies and signals apprehension among prominent figures about the stability of traditional financial markets.
Kiyosaki’s public statements suggest he views Buffett’s change of heart as a tacit admission of weakness in the stock and bond markets. He articulated his dismay via social media, stating, “I want to vomit: getting nauseus, listening to Buffet tout the virtues of gold and silver…. after he ridiculed gold and silver for years. That means the stock and bond market are about to crash. Depression ahead?” He further elaborated, noting that Buffett’s previously critical stance toward gold and silver investors, including himself, makes the current endorsement particularly telling. This unexpected pivot, in Kiyosaki’s view, points to an imminent collapse of equity and debt instruments.
This critical appraisal of Buffett’s stance aligns with Kiyosaki’s broader narrative concerning the devaluation of traditional assets and the U.S. dollar. He has consistently criticized the Federal Reserve and the dollar, positioning cryptocurrencies, particularly Bitcoin, as the most significant financial opportunity of our era. Kiyosaki has repeatedly advocated for shifting investment focus away from conventional markets and towards digital assets, asserting that Bitcoin offers a straightforward path to wealth.
His pronouncements have intensified in recent months, with Kiyosaki labeling those who sold Bitcoin during market dips as “losers.” He attributes this behavior to a fear of making mistakes, which he believes perpetuates poverty. He famously declared, “The biggest financial opportunity in history is already here,” underscoring his conviction in the transformative potential of cryptocurrencies.
Kiyosaki’s skepticism extends to the very foundation of the U.S. financial system. He has characterized the U.S. dollar as “fake money” and expressed grave concerns about hyperinflation, citing an instance where the Federal Reserve reportedly injected $50 billion to acquire government debt after an auction failed to attract buyers. To counter these perceived systemic risks, he advocates for holding gold and silver as hedges against financial instability, alongside his continued strong recommendation for Bitcoin and Ethereum. He has also projected a bullish future for Bitcoin, forecasting a $1 million valuation by 2035.
Chris brings over six years of hands-on experience in cryptocurrency, bitcoin, business, and finance journalism. He’s known for clear, accurate reporting and insightful analysis that helps readers stay informed in fast-moving markets. When he’s off the clock, Chris enjoys researching emerging blockchain projects and mentoring new writers.