United

Gold

Elon Musk

<div class="finbold">
 <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>
 <figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
  <div class="wp-block-embed__wrapper">
   <blockquote class="twitter-tweet" data-width="500" data-dnt="true">
    <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
   </blockquote>
  </div>
 </figure>
 <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>
 <div class="border border-red-300 rounded-xl p-6 not-prose mb-6">
  <h3 class="text-2xl font-black mt-0 flex gap-x-3 mb-5">
   <svg width="32" height="32" viewbox="0 0 32 32" fill="none" xmlns="//www.w3.org/2000/svg"><path d="M4 10.6665V25.3332C4 28.2678 6.392 29.3332 8 29.3332H28V26.6665H8.016C7.4 26.6505 6.66667 26.4078 6.66667 25.3332C6.66667 24.2585 7.4 24.0158 8.016 23.9998H28V5.33317C28 3.8625 26.804 2.6665 25.3333 2.6665H8C6.392 2.6665 4 3.73184 4 6.6665V10.6665ZM8 5.33317H25.3333V21.3332H6.66667V6.6665C6.66667 5.59184 7.4 5.34917 8 5.33317Z" fill="#EF4444"> 
    </path> <path d="M15.996 18.6668L20.4626 14.2815C20.738 14.0166 20.9571 13.6989 21.1068 13.3473C21.2564 12.9957 21.3336 12.6176 21.3336 12.2355C21.3336 11.8534 21.2564 11.4752 21.1068 11.1236C20.9571 10.7721 20.738 10.4543 20.4626 10.1895C19.9074 9.64148 19.1587 9.33422 18.3786 9.33422C17.5985 9.33422 16.8498 9.64148 16.2946 10.1895L15.996 10.4801L15.6973 10.1881C15.1423 9.64023 14.3938 9.33301 13.614 9.33301C12.8341 9.33301 12.0856 9.64023 11.5306 10.1881C11.2552 10.453 11.0361 10.7707 10.8865 11.1223C10.7368 11.4739 10.6597 11.852 10.6597 12.2341C10.6597 12.6162 10.7368 12.9944 10.8865 13.346C11.0361 13.6975 11.2552 14.0153 11.5306 14.2801L15.996 18.6668Z" fill="#EF4444"> 
    </path>
   </svg> Picked for you</h3>
  <div class="grid md:grid-cols-2 gap-x-10 gap-y-3 md:gap-y-5 divide-y divide-gray-300 md:divide-y-0">
   <div class="md:odd:pr-4 md:odd:border-r odd:border-gray-300 pt-3 first:pt-0 md:pt-0">
    XRP attracts over $1 billion in bullish daily sprint <span class="self-center text-xs text-slate-500">40 mins ago</span>
   </div>
   <div class="md:odd:pr-4 md:odd:border-r odd:border-gray-300 pt-3 first:pt-0 md:pt-0">
    How much money does Elon Musk make a second? <span class="self-center text-xs text-slate-500">2 hours ago</span>
   </div>
   <div class="md:odd:pr-4 md:odd:border-r odd:border-gray-300 pt-3 first:pt-0 md:pt-0">
    New crypto opportunity at $0.03 for investors who missed SHIB and DOGE soar <span class="self-center text-xs text-slate-500">17 hours ago</span>
   </div>
   <div class="md:odd:pr-4 md:odd:border-r odd:border-gray-300 pt-3 first:pt-0 md:pt-0">
    Cardano founder warns of ‘legacy eating crypto’ <span class="self-center text-xs text-slate-500">18 hours ago</span>
   </div>
  </div>
 </div>
 <div class="mb-4 bg-slate-50 rounded-md layout-adjustment">
  <div id="finbold.com_middle" style="min-width: 300px; min-height: 250px;">
  </div>
 </div>
 <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>
</div>
<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’

Table of Contents

TheBitTimes

Other articles published on Feb 15, 2024

Bitcoin Price Surges Past $50,000

Bitcoin Breaks $52K Amid Surging Active Addresses and Volume

Solana And Polygon Price Show Weakness Despite Bullish Trend! What’s Next For SOL & MATIC Price?

Beyond a Trend: How Tokenization Is Transforming Traditional Finance

John Deaton eyes, senate run against Elizabeth Warren

eTukTuk presale hits $1m to fight climate change

Join our free newsletter for daily crypto updates!