Gold, silver, Bitcoin may crash as Trump tariffs loom, warns Rich Dad, Poor Dad author Robert Kiyosaki
Robert Kiyosaki, the author of Rich Dad Poor Dad, has once again predicted a market crash as a result of US President Donald Trump's impending tariffs on Mexico, Canada, and China, which he believes may lead to a downturn in prices of gold, silver, and Bitcoin— presenting a strategic buying opportunity, according to Kiyosaki.
In a recent social media post on X, formerly known as Twitter, Kiyosaki stated, "TRUMP TARIFFS BEGIN: Gold, silver, Bitcoin may crash. GOOD. Will buy more after prices crash. The real problem is DEBT… which will only get worse. CRASHES mean assets are on sale. Time to get richer."
After rising 27% in calendar year 2024, gold prices in India have continued to rally this year and the bullion prices have already crossed the Rs 83,000 mark to touch a record high level. Meanwhile, silver saw a 34.4% increase in 2024, with the prices currently trading at Rs 1,02,700 per kg in India. Bitcoin prices are currently trading at $102,203 with the cryptocurrency hitting a record high in January, crossing over $109,000.
The social media post reflects Kiyosaki’s long-standing belief that economic downturns present unique opportunities to invest in precious metals and digital currencies, which he considers safe
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