Robert Kiyosaki rang the alarm on an imminent market crash, and urged investors to pounce on the bargains that emerge, in a pair of recent tweets.
"All markets crashing: real estate, stocks, gold, silver, bitcoin," Kiyosaki tweeted after the S&P 500 slumped 3.4% and bitcoin tanked 6% on Friday.
Demand for US housing has dropped off as rising interest rates drive up mortgage costs, while gold and silver prices have fallen sharply over the past couple of weeks.
The "Rich Dad Poor Dad" author and personal-finance guru noted in a tweet on Monday that he borrowed millions of dollars to buy cut-price real estate during the financial crisis. He continues to view periods when asset prices tumble as the best times to get rich.
Kiyosaki diagnosed the "biggest bubble in world history" last summer, and predicted it would be followed by the "biggest crash in world history" once the Federal Reserve raised interest rates to cool the US economy.
"THAT CRASH IS HERE," he tweeted on Monday. "Millions will be wiped out," he added, urging investors not to panic and instead take advantage of the discounts on offer.
The founder of the Rich Dad Company and Rich Dad Global has previously recommended buying gold, silver, and bitcoin when their prices fall, in a bid to profit from their recovery.
"The good news is the best time to get rich is during a crash," he declared in December. He also described the sell-off in July as the "GREATEST SALE on EARTH."
https://markets.businessinsider.com...d-market-crash-stocks-bitcoin-bargains-2022-8
"All markets crashing: real estate, stocks, gold, silver, bitcoin," Kiyosaki tweeted after the S&P 500 slumped 3.4% and bitcoin tanked 6% on Friday.
Demand for US housing has dropped off as rising interest rates drive up mortgage costs, while gold and silver prices have fallen sharply over the past couple of weeks.
The "Rich Dad Poor Dad" author and personal-finance guru noted in a tweet on Monday that he borrowed millions of dollars to buy cut-price real estate during the financial crisis. He continues to view periods when asset prices tumble as the best times to get rich.
Kiyosaki diagnosed the "biggest bubble in world history" last summer, and predicted it would be followed by the "biggest crash in world history" once the Federal Reserve raised interest rates to cool the US economy.
"THAT CRASH IS HERE," he tweeted on Monday. "Millions will be wiped out," he added, urging investors not to panic and instead take advantage of the discounts on offer.
The founder of the Rich Dad Company and Rich Dad Global has previously recommended buying gold, silver, and bitcoin when their prices fall, in a bid to profit from their recovery.
"The good news is the best time to get rich is during a crash," he declared in December. He also described the sell-off in July as the "GREATEST SALE on EARTH."
https://markets.businessinsider.com...d-market-crash-stocks-bitcoin-bargains-2022-8
