(Kitco News) - Gold, silver, and Bitcoin are set to skyrocket if the economy craters, said best-selling author of 'Rich Dad Poor Dad' Robert Kiyosaki.
“Bad news IF stock & bond market crash gold&silver skyrocket,” Kiyosaki wrote in a series of tweets on Monday. “WORSE NEWS IF world economy crashes BC $1 million Gold $ 75K silver to $60k. SAVERS of FAKE US $ F’d. DEBT too high.”
In July, Kiyosaki tweeted that the end of the U.S. dollar was near and cited the upcoming BRICS summit in South Africa later this month as a trigger. His advice on how to deal with the coming fall of the U.S. dollar as the world's reserve currency stayed the same — stock up on gold, silver, and Bitcoin — which he views as real money. Kiyosaki also forecasts Bitcoin to hit $120,000 next year.
But on July 20, Anil Sooklal, South Africa's ambassador to BRICS, attempted to put the rumors of a gold-backed currency announcement to rest when he told reporters that a BRICS currency is not in the cards at the upcoming summit.
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