Based on warnings of the 1929 crash, Kiyosaki remains bearish on traditional assets
2026-09-27 22:02:26
According to CoinMeta, as reported by Benzinga, "Rich Dad, Poor Dad" author Robert Kiyosaki warned retirees that a situation similar to the 1929 crash could occur. However, more than a year has passed, and this prediction has not come true. In July 2025, he mentioned on social media that Warren Buffett, the chairman of Berkshire Hathaway, and Jim Rogers, co-founder of Quantum Funds, had sold most or all of their stocks and bonds and switched to holding cash or silver. Kiyosaki stated that he chose to hold gold, silver, and Bitcoin, and warned about America's out-of-control debt, saying that the country could only continue printing money for "a limited time." Nevertheless, the S&P 500 index continued to climb in 2026, reaching record highs. Kiyosaki continues to issue warnings about stocks, ETF, mutual funds, 401(k) plans, and IRA, while promoting gold, silver, and Bitcoin. His core argument is that investors should not assume that traditional assets are safe just because they are familiar with them. The key is to be prepared for an economic downturn, rather than trying to accurately predict when it will happen.
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Source:Benzinga
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