Robert Kiyosaki may be one of the most vocal advocates of Bitcoin (CRYPTO: BTC), gold and silver—but even he warned on Saturday that they can be risky if you buy them “on hype” instead of doing your due diligence.
Kiyosaki Critiques Bonds…Again
Kiyosaki, author of the best-selling book “Rich Dad Poor Dad,” took to X to reiterate his long-held skepticism about the safety of U.S. bonds.
“Don’t drink financial planners Kool- Aide when they tell you U.S. bonds are safe. There is nothing safe….from stupidity,” the world-renowned author said.
Kiyosaki noted that even gold, silver, and Bitcoin can “cost you money if purchased on hype.”
China, Japan Dumping US Treasuries?
He pointed out that major U.S. bond buyers, such as Japan and China, are selling their bonds to purchase gold and silver.
According to the latest figures, foreign holdings of U.S. treasuries fell in March, led by declines in Japan and China.
The thesis of capital rotation toward precious metals appeared to hold, at least in China, where year-to-date imports of both gold and silver have increased considerably.
China bought 8 tonnes of gold in April, its largest monthly addition since December 2024 and the 18th straight month of purchases, according to the World Gold Council.
Kiyosaki’s Advice To Investors
Kiyosaki highlighted the importance of monitoring cash flows and making informed investment decisions.
“Always remember your greatest asset lies between your right ear and left ear. You’re smart enough to feed your asset carefully,” he said.
Kiyosaki has consistently urged households to swap fiat cash for gold, silver, and Bitcoin, insisting that “savers are losers” in the current economy.
Kiyosaki, a strong Bitcoin advocate, regularly comments on its trends and price targets. He projected Bitcoin would hit $100,000 in June 2024. Needless to say, the forecast was way off target. He even painted a $350,000 price target by August 2024.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo: Shutterstock/Grower C More
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