Robert Kiyosaki, a prominent investor and author known for his book ‘Rich Dad Poor Dad’, has raised alarms about a potential stock market crash. In a recent post on X (formerly Twitter), Kiyosaki expressed his concerns, citing the all-time high price of gold as a key indicator of investor sentiment.
He explained that while rising gold prices are positive for gold investors, they generally signify a shift towards defensive assets and a growing sense of pessimism among market participants. “So higher gold prices are not necessarily a good sign,” he stated. Kiyosaki, a known advocate for gold ownership, emphasized his preference for physical gold over paper gold ETFs.
Furthermore, Kiyosaki warned that a stock market crash is looming, a scenario he anticipates due to the prolonged bull market. “If a major stock market crash occurs…Which I am expecting…Because the stock market has been high for too many years… This is not good news for people who do NOT own gold, silver, and Bitcoin,” he cautioned.
Kiyosaki advised those who haven’t participated in the bull market to learn from their inaction and prepare for potential market downturns. He suggested taking a proactive approach by studying the market, joining investment clubs, and waiting for bargain opportunities to acquire assets at reduced prices.
In his concluding remarks, Kiyosaki encouraged potential investors to exercise patience, avoid greed, and focus on becoming wealthier regardless of market conditions. “The lesson is: ‘smart investors get rich….regardless if markets are going up or down,’” he stated.
