Robert Kiyosaki Cash and Gold – The best-selling author of the personal finance book “Rich Dad, Poor Dad,” Robert Kiyosaki, has replied to predictions that the price of gold will drop by saying that precious metals and the leading cryptocurrency Bitcoin (BTC) are still preferable to fiat money.
Indeed, as revealed in his April 24 YouTube video analysis stream, financial and investing advisor Steven Van Metre predicted that gold would plummet to $1,000 per ounce because markets were weary of waiting for the precious metal to rise.
Kiyosaki, who has long argued that precious metals like gold, silver, and Bitcoin are more valuable than fiat money, commented on Metre’s predictions and said he would not be bothered in the least by them. In fact, he declared that if that happened, he would buy additional gold since “to me, cash is trash.”
View Tweet Below:
GOLD to CRASH. Steve Van Meter whom I respect predicts gold to crash to $1000. He states markets are tired of waiting for gold to go higher. If gold drops to $1000 I will buy more. I am an investor not a trader. To me, Gold, Silver, &Bitcoin are real money. To me Cash is trash.
— Robert Kiyosaki (@theRealKiyosaki) April 23, 2023
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Gold Vs Cash
Notably, Kiyosaki frequently refers to fiat currencies as “fake money” and “toilet paper,” especially when discussing the US dollar, which he predicts will collapse and bring down the American empire with it, as well as the idea that the entire monetary system “just creates money out of nothing.”
He claims that as the US loses its status as the primary “playground bully” on the international financial scene and other nations band together against it, as shown in the recent agreements between France and China, the USD will cease to be the world reserve currency and will swarm to American shores in great numbers.
The author has long recommended buying Bitcoin, silver, and gold as alternatives to this “fake money,” warning that the US inflation was currently systemic and criticizing the nation’s authorities for failing to adequately represent the situation.
According to the most recent data Finbold got from BullionVault on April 24, gold was trading at $1,985 per ounce at press time, down nearly 3% from its monthly high of $2,045 per ounce, which it attained on April 14.