Kiyosaki warns baby boomers will be losers if ‘biggest crash in history’ comes
The U.S. stock market will be smooth sailing in 2024, with the S&P 500 index up 28% year-to-date, which is impressive, but Rich dad, poor dad Author Robert Kiyosaki sees dark clouds gathering on the horizon, and when the storm strikes, it will be this generation that will bear the brunt.
“Baby boomers are SOL: When the stock market explodes…baby boomers will be the biggest losers,” Kiyosaki posted on X.
As a baby boomer, he admits his generation is lucky. Data backs up this claim, with reports showing that baby boomers may be the wealthiest generation ever.
But he warns that this good fortune won’t last forever. “The greatest crash in history is coming. Be proactive and get rich before the baby boomers go bankrupt.
So, how can people prepare? Kiyosaki offers some sage advice.
“If I were a baby boomer child…I would urge my parents to sell their homes, stocks and bonds now…while prices are high…before a crash is imminent…and buy gold, silver and gold now… Bitcoin…before you bought gold, silver, and bitcoin…” BOOMER’s mom and dad moved in with you…or expected you to pay for their rising healthcare or funeral expenses. “
It’s no surprise that Kiyosaki recommends investing in silver and gold – he’s been a staunch supporter of precious metals for decades.
October 2023, Kiyosaki Forecast”, “Gold will soon break $2,100 and then take off. You will wish you bought gold for less than $2,000. Gold’s next stop is $3,700.
The prediction has gained traction. Gold prices surge in 2024 and are currently around $2,700 per ounce.
Silver and gold have long been considered popular inflation hedges. The reason is simple: central banks cannot print precious metals indefinitely like fiat currencies.
Kiyosaki revealed that he has been buying gold and silver mines since 1985 and now he “actually owns a lot of gold and silver.”
Today, there are many ways to get your hands on gold. You can own gold bullion, buy shares in gold mining companies or ETFs, and even take advantage of potential tax benefits through a gold IRA.
Bitcoin is another strong performer in 2024, up around 128% year to date.
On November 29, Kiyosaki predicted that “Bitcoin will soon break $100,000.” On December 4, the cryptocurrency surpassed this milestone, making global headlines.
But Kiyosaki doesn’t think $100,000 is the end point. In a post on November 24, he made a bold prediction: “Q: What will the price of Bitcoin be in 2025? A: $500,000, according to AI. He did not specify which artificial intelligence model contributed to this This prediction is undeniable, but the ambitious goal has certainly sparked interest.
