United

Gold

Elon Musk

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 <p class="paragraph">As he continues to warn of an inevitable financial <a rel="noopener noreferrer nofollow" title="crash" href="https://thebittimes.com/tag/crash.html">crash</a> to sweep the United States and possibly the world, the famous investor and author of the best-selling personal finance book <em>‘Rich Dad Poor Dad’ </em>Robert Kiyosaki has highlighted that the problem of banks buying gold instead of the US debt.</p>
 <p class="paragraph">Specifically, he asked how the world and US were to run without money, reiterating a question by Miles Franklin Precious Metals CEO Andy Schectman on “who is going to buy US bonds,” considering that banks were buying gold, not US debt, as Kiyosaki explained in an X post on February 14.</p>
 <p class="paragraph">Furthermore, the renowned finance educator and best-selling author shared his predictions of the price of gold <a rel="noopener noreferrer nofollow" title="crash" href="https://thebittimes.com/tag/crash.html">crash</a>ing to “possibly below $1,200, whereas he believes that silver and Bitcoin (BTC) “will take off,” advising his followers once again to “take care” and “be careful.”</p>
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    <p lang="en" dir="ltr">Andy Schectman asks a very important question. “Who is going to buy US Bonds?” Banks are buying gold not US debt. How will America run without money? How will the world operate with money? What will you do without money? Gold is going to <a rel="noopener noreferrer nofollow" title="crash" href="https://thebittimes.com/tag/crash.html">crash</a> possibly below $1200. Silver will…</p>— Robert Kiyosaki (@theRealKiyosaki) February 14, 2024
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 <p class="paragraph">Interestingly, Kiyosaki has long suggested investing in ‘real assets’ like gold, silver, and Bitcoin as some of the best ways to protect one’s wealth when the US dollar unavoidably collapses and brings down the ‘American Empire,’ which he recently compared to the historic downfall of the Roman Empire.</p>
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 <h2 class="wp-block-heading" id="h-gold-vs-bitcoin">Gold vs. Bitcoin</h2>
 <p class="paragraph">In the meantime, he also highlighted some of the advantages of the decentralized finance (DeFi) asset over gold, explaining that Bitcoin “doesn’t cost anything to ship,” compared to the precious metals that require hiring “special vans and security guards,” as Finbold reported on February 7.</p>
 <p class="paragraph">Presently, the spot price of gold stands at $1,997.1 per ounce, up 0.16% on the day, at the same time as the maiden cryptocurrency is changing hands at the price of $52,214 and recording an increase of 1.51% in the last 24 hours, according to the latest information retrieved on February 15.</p>
 <p class="paragraph"><em>Featured image via The Rich Dad Channel YouTube</em></p>
 <p class="paragraph"><strong><em>Disclaimer:</em></strong><em> The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.</em></p>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/r-kiyosaki-predicts-gold-is-going-to-crash-below-1-200-tbt79906.html">https://thebittimes.com/r-kiyosaki-predicts-gold-is-going-to-crash-below-1-200-tbt79906.html</a></p>

R. Kiyosaki predicts ‘gold is going to crash below $1,200’

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