Robert Kiyosaki, author of the bestselling book ‘Rich Dad Poor Dad’, has issued a fresh warning that the “biggest crash in history” is coming, and he believes it will continue through this summer. “I am afraid that crash time is now and through this summer,” Kiyosaki said in his latest social media post on X.
Kiyosaki said that his 2013 book Rich Dad’s Prophecy had predicted the current financial collapse. He warned that stock, bond, and real estate markets are all in trouble. He fears millions of people, especially older investors from the Baby Boomer generation, could lose their savings.
“Unfortunately, millions, especially my generation of boomers will be wiped out when the stock and bond markets crash,” he wrote.
But despite the bleak forecast, Kiyosaki also sees a silver lining, literally. He believes that this crash will also create opportunities for those who are proactive and invest wisely. According to him, silver is currently the best deal in the market and could triple in value by 2025.
“The biggest bargain today is silver. In 2025 silver may 3X. The better news is silver is still 60% under all time highs…. still about $35….while gold and Bitcoin are at or near all time highs,” he said.
Kiyosaki said he plans to visit his local gold and silver dealer soon to buy physical silver — not exchange-traded funds (ETFs), which he refers to as “fake money”.
He urged his followers to think carefully about their financial choices in the coming days. “Silver is priced around $35 an ounce which means almost everyone anywhere in the world….has a chance to grow richer…while millions grow poorer,” he said.
He ended the post with a question and an advice for his followers: “What are you going to do tomorrow….grow richer or grow poorer?” Kiyosaki asked in his post. Adding his word of advice, he added, “Please choose to get richer.”