Rich dad threw away his survival rules during the “worst financial crisis in history” and Bitcoin was not his first choice

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Although the cryptocurrency market and US stocks continue to rise, Robert Kiyosaki, the author of the best-selling financial book "Rich Dad, Poor Dad", is still bearish on the future. He tweeted yesterday (26th) to teach, in the worst financial crisis in history What precautions can investors take before arriving?

In a tweet, Robert Kiyosaki shared his thoughts after reading the new book "Money GPT" by investment banker Jim Richards. He said that "cash equivalent to 2 months of living expenses can be stored in a safe place" and "save silver coins instead of Cash is deposited in the bank".

Robert Kiyosaki also explained why he should buy silver coins such as " American Eagle ":

You can use 1 oz silver coins as cash in a crisis, which is why I choose to save silver coins instead of cash.

The American Silver Eagle Coin is the official silver coin of the United States. The weight of the silver coin is 1 ounce and the legal face value is 1 US dollar. The U.S. Mint guarantees that every 1 ounce contains 99.9% pure silver.

In addition, Robert Kiyosaki also emphasized that if the predictions of "Money GPT" come true, then this may be one of the most serious financial crises in history. People who abide by the above survival rules may be able to survive this crisis and survive. flourish in the future.

Robert Kiyosaki also said that if you have saved enough cash and silver coins for two months, you can buy more Bitcoins as the next step:

Obviously, if you have enough cash and silver coins, such as American Silver Eagles, for two months of expenses, then buying more Bitcoin might make you stand out in the world.

financial crisis believer

We know that Robert Kiyosaki has always been a believer in the collapse of the financial market. In the past, he often tweeted to warn netizens that the financial market was about to collapse, and recommended the purchase of gold, silver, Bitcoin and other assets.

However, many netizens disagreed with rich dad’s warnings about the market crash. They said, “You have been preparing since 2015.” “I remember that in 2016, he said that it was the year everything would collapse.” There have been three crashes in the past, and you shouted 69 times." "You have basically been predicting crashes your entire career. Your words are meaningless. A new book sales strategy is needed."

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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