(Kitco News) In another message to his subscribers, ‘Rich Dad Poor Dad’ best-selling author Robert Kiyosaki said it was time to use the Federal Reserve’s aggressive stance to buy more money. gold, silver and bitcoin.
As the Fed prepares to raise interest rates an additional 75 basis points for the fourth straight time at its November meeting, Kiyosaki says it’s time to do some precious metal buying, and that includes Bitcoin.
“BUYING OPPORTUNITY: If the FED continues to raise interest rates, the US dollar will get stronger, leading to lower prices for gold, silver and Bitcoin. he tweeted this weekend.
BUY OPPORTUNITY: If the FED continues to raise interest rates, the US Dollar will become stronger, leading to lower prices for Gold, Silver and Bitcoin. Buy more. When the Fed pivots and lowers interest rates like England just did, you will smile while others will cry. Take care of yourself
— therealkiyosaki (@theRealKiyosaki) October 2, 2022
The strength of the US dollar, which maintains massive downward pressure on gold and silver, will not last, Kiyosaki added. Throughout the third quarter, the US dollar index traded at near 20-year highs.
“Will the US dollar follow the English pound? I think so. I think the US dollar will collapse by January 2023 after the Fed pivots,” he said in another recent tweet.
Will the US dollar follow the British pound? I believe him. I think the US dollar will collapse by January 2023 after the Fed pivot. To take advantage of the US dollar’s collapse, I bought a lot more US Silver Buffalo Bullets. Money is a boon. I will not be a victim of the F*CKed FED. Take care of yourself.
— therealkiyosaki (@theRealKiyosaki) October 1, 2022
To make money, the bestselling author said he buys more money. “To take advantage of the US dollar crash, I bought a lot more Buffalo Bullets in US silver. Silver is good business. I won’t be a victim of the F*CKed FED,” he said.
Kiyosaki sees silver jumping to $100 and then $500 during this decade. “THE END is HERE. I called Jerry Williams my trusted gold and silver dealer. He said ‘I can’t get gold or silver coins. The Mint won’t sell me anymore. ‘ To me, that means the end of FAKE$ has come,” Kiyosaki tweeted. “Stocks, bonds, mutual funds, ETFs and real estate are collapsing. As expected, the middle class is being wiped out. Money needs to stay at $20 for 3-5 years , then climb to $100 to $500. .”
THE END is HERE. I called Jerry Williams my trusted gold and silver dealer. He said, “I can’t get gold or silver coins. The Mint won’t sell me anymore. To me, that means the end of FAKE$ has come. As mentioned in the previous tweet, the money is going from $100 to $500. Take some. Protect yourself
— therealkiyosaki (@theRealKiyosaki) September 20, 2022
The bestselling author quoted the gold-silver ratio, stating that in the 20th century the gold:silver ratio was 47:1, meaning it took 47 ounces of silver to buy one ounce of gold . Right now that ratio is about 83:1.
“Why am I suggesting ‘buy silver.’ For $25 anyone can buy a silver coin. Don’t take my word for it. Study. Get rich. Don’t be a fool,” he said in another post.
At the time of writing, December silver futures hit six-week highs, last trading at $20.55, up nearly 8% on the day. Meanwhile, December gold futures rose above the key $1,700 an ounce level, last trading at $1,700.70, up 1.72% on the daytime.
Speaking to Kitco News editor and main anchor Michelle Makori, Kiyosaki explained that investors need to protect their portfolios with “durable assets” like gold, silver and livestock, as the ” greatest crash in history” unfolds.
“Anything that can be printed, like a stock certificate, a bond or a dollar, I don’t want that,” he noted. “I’m a big fan of gold, silver, oil and food… I’m a big fan of sustainable assets.”
He suggested that these assets are “insurance” rather than an investment.
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