Robert Kiyosaki Warns of 70% S&P Index Crash
Date: 2024-02-13 Author: Dima Zakharov Categories: IN WORLD
Robert Kiyosaki, famous for his book "Rich Dad Poor Dad," has once again raised alarm bells, suggesting that the S&P 500 index could plummet by a staggering 70%. His statement comes with a firm recommendation to invest in solid assets such as gold, silver, and bitcoins (BTC).
The author contends that financial planners are hesitant to steer clients towards solid assets due to the allure of traditional investments and significant commissions they yield. Kiyosaki emphasizes that historical data indeed supports the superiority of solid assets, especially gold, which has outperformed the S&P index for decades.
The renowned investor recalls his book "Rich Dad's Prophecy," in which he forecasted an impending catastrophe years ago. Having convinced the audience of the validity of his arguments, he urges investors to reassess their strategies and select competent financial advisors.
Kiyosaki sincerely believes that diversification and the inclusion of solid assets in investment portfolios could be a sensible strategy to mitigate potential losses amidst market volatility.
Over the past weekend, the expert questioned the stability of the American empire amid record-high debt and extravagant spending. Drawing parallels with the decline of the Roman Empire, he warned against repeating historical mistakes.
