PANews reported on April 6 that Robert Kiyosaki, author of Rich Dad Poor Dad, recently posted on social media that the global economic crisis is no longer a future threat, but a real problem. He pointed out that the biggest stock market crash in history has begun, the economic recession has arrived, and it may even further evolve into an economic depression.
Kiyosaki said that the baby boomers (the generation born between 1946 and 1964) are facing a time crunch. He pointed out that since this generation no longer has enough time to make long-term investments, they should no longer rely on traditional investment methods such as stocks and bonds. He suggested that in the face of the coming economic collapse, investors should turn to non-Wall Street assets, especially gold, silver and Bitcoin.
In addition, as the financial market collapses, paper money will quickly depreciate, and gold, silver, and Bitcoin will become true wealth preservation tools. Kiyosaki warned that the Federal Reserve and the Treasury Department may take large-scale money printing measures to further exacerbate the depreciation of fiat currencies, so turning to these "hard assets" is particularly important.
