TL;DR
- Robert Kiyosaki warned of an imminent economic depression and advised seeking protection in gold and Bitcoin instead of relying on stocks.
- The weakening dollar and expectations of further rate cuts pushed investors toward traditional safe havens; gold rose nearly 50% and Bitcoin surpassed $120,000.
- Kiyosaki criticized Warren Buffett for changing his stance on precious metals.
Robert Kiyosaki cautioned that a looming economic depression is approaching and recommended turning to gold and Bitcoin over stocks. According to the Rich Dad Poor Dad author, recent market moves are not just numbers—they are signals of a brewing economic storm.
The U.S. government delayed key data, including the September jobs report. Investors have already begun betting on additional rate cuts by the Federal Reserve. The weaker dollar outlook drove capital toward traditional safe-haven assets, with gold climbing nearly 50% year-to-date to $3,893 per ounce, while Bitcoin rose about 7% over the past week, trading above $120,000.
Kiyosaki Fires at Warren Buffett
Kiyosaki criticized Warren Buffett for shifting his position toward gold and silver after years of dismissing them. In his view, this pivot does not validate precious metals but serves as a warning sign for stocks and bonds. “It makes me sick to hear Buffett praise gold and silver,” he wrote, accusing the legendary investor of hypocrisy. For Kiyosaki, the sudden preference for physical assets signals that equity and bond markets could collapse, potentially ushering in an economic depression.
Historic Highs for Bitcoin and Gold
For years, Kiyosaki has urged his followers to protect themselves with gold, silver, and increasingly Bitcoin and Ethereum. He has described traditional markets as fragile, citing rising debt and policy uncertainty. In his view, physical assets and cryptocurrencies act as lifelines when confidence in the system weakens.
Whether his forecast comes to pass remains to be seen, but Bitcoin’s recent highs and gold’s surge suggest that investors are already seeking refuge in scarce assets, aligning with Kiyosaki’s warnings
