Robert Kiyosaki, author of the book “Rich Dad Poor Dad”, $60,106stated that gold and silver prices could experience a major increase.
Fed Rate Cut Expectations
In a post on social media platform X, Kiyosaki said that if the Federal Reserve cuts interest rates at the upcoming FOMC meeting, investors could move away from currencies and into “real assets,” and the prices of these assets could increase.
Kiyosaki said: “The prices of Bitcoin, gold, silver are about to explode… When the Fed cuts interest rates, the price of real assets goes up because fake money comes out of fake assets like US bonds… The flight to real assets is into real estate, gold, silver, and Bitcoin… It doesn’t really matter which is better (gold or Bitcoin). It’s like people arguing about which is the better car: Ferrari or Lamborghini.”
Orientation to Real Assets
Kiyosaki predicts that investors could move away from “fake” assets like U.S. bonds and toward “real” assets like real estate, gold, silver and Bitcoin. This shift, he says, could lead to the devaluation of fiat money and increase the prices of stores of value.
Investor Confidence and Market Expectations
The Federal Reserve is expected to cut interest rates by at least 25 basis points at the FOMC meeting on Sept. 18. Kiyosaki has previously said that store-of-value assets will see growth as confidence in the dollar declines.
“They know that a long-cycle bull market is coming because the belief and trust in fake money is dissolving,” Kiyosaki said, adding that history could repeat itself and investors could turn to gold, silver and Bitcoin.
At press time, Bitcoin is trading at $58,495, down 2.72% in the last 24 hours.
Kiyosaki’s views draw attention to the potential impact of central bank policies on investor decisions. Potential interest rate cuts could push investors toward riskier, higher-yielding assets. However, due to the complexity and uncertainty of market conditions, it is important for investors to consider a variety of factors when making their decisions.
Disclaimer: The information contained in this article does not contain investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
