Published: 2019.10.29. Robert Kiyosaki: gold and silver are the money of the Gods

Robert Kiyosaki: gold and silver are the money of the Gods - Preview

The famous American finance writer Robert Kiyosaki warns investors of the imaginary wealth that some were able to acquire due to the growth of stocks. He advises buying real physical assets, especially gold - it was, is and always will be.

According to Kiyosaki, gold is one of the best assets to invest in the long term. He said this in an interview with Bloomberg. The expert is skeptical about the current situation in the financial markets. American exchanges are at historic highs, and half of the new millionaires in the country appeared only due to the growth of the stock market. But stock growth was secured mainly by debt money. Therefore, Kiyosaki calls such wealth "fake", which means that during the next crisis it will be destroyed as quickly as it was created.

In many interviews, the famous investor constantly emphasizes that he prefers to invest in real physical assets. But most of all he loves gold, which he calls "the money of the Gods." According to him, gold and silver have always existed on this planet. They will continue to exist, even if everything disappears. Therefore, precious metals should become the basis for the investment portfolio. He also invests in land and real estate, and intellectual property is in third place in his list of preferences.

According to Kiyosaki, the people who will save the most money during the next crisis are those who save up paper money and do not invest it anywhere, because governments and central banks are destroying their purchasing power through their policy of printing new money that is not backed up by anything. In his opinion, in the face of negative interest rates, it makes no sense to keep money in the bank - they should be invested in real physical assets, which will be least affected during the collapse in the financial markets.