Key Points
- Robert Kiyosaki advises buying Bitcoin, Gold, and Silver in anticipation of a potential USD collapse.
- BRICS nations are reportedly developing a gold-backed stablecoin, which could impact the USD.
Robert Kiyosaki, the renowned author of ‘Rich Dad Poor Dad,’ has once again urged his followers to invest in Bitcoin, gold, and silver. This advice comes amidst his prediction of a potential collapse of the US dollar. Kiyosaki also points out the potential threat posed by BRICS nations who are allegedly developing a gold-backed stablecoin.
Kiyosaki recently tweeted about his observations from South Africa, where he noted significant developments in the region. He mentioned strong discussions about the BRICS nations possibly developing a cryptocurrency backed by gold.
The Potential Impact of a New Currency
According to Kiyosaki, the introduction of such a currency could result in a massive return of USD to America. This could potentially trigger hyperinflation, leading to the collapse of the US Dollar. In response to these concerns, Kiyosaki advises investors to hedge against currency devaluation by diversifying their portfolios. He recommends purchasing assets such as gold, silver, and Bitcoin to protect against potential repercussions of a US dollar crash.
Kiyosaki has been vocal about his concerns regarding the future of the US economy. He predicts a major crash in the US market in the near future and warns about a possible depression-like scenario. He urges people to prepare for the worst.
BRICS Preparing for USD Alternative
A Russian IMF representative recently stated that the BRICS nations are ready to provide an alternative to the US dollar. Alexey Mozhin highlighted the flaws in the current financial system during a recent interview. He mentioned that in the event of a dollar and international monetary system collapse, the BRICS accounting unit could be turned into a real currency backed by exchange goods.
Despite these developments, it’s important to note that the US dollar remains the world’s reserve currency. Its collapse is unlikely to occur overnight. However, significant economies and US rivals like China have been accumulating gold over the past few months.
In a recent tweet, Elon Musk compared the Federal Reserve to a rule from the Monopoly game. He suggested that just like the game bank, the Fed can continuously generate more money, sparking conversations about monetary policy and the return of quantitative easing (QE).
Crypto investor Michael van de Poppe also advised investors to buy Bitcoin, Gold, and Silver, anticipating the start of QE in the coming months.
