Latest News

‘Biggest crash in world history’: Robert Kiyosaki issues another dire warning and now avoids ‘anything that can be printed’ — here are 3 hard assets he likes instead

0

S&P Futures

3,730.75

-1.25(-0.03%)

Dow Futures

29,744.00

-6.00(-0.02%)

Nasdaq Futures

11,536.50

-19.25(-0.17%)

Russell 2000 Futures

1,721.30

+0.50(+0.03%)

Crude Oil

81.77

-0.38(-0.46%)

Gold

1,662.40

-7.60(-0.46%)

Silver

18.76

-0.12(-0.64%)

EUR/USD

0.9690

-0.0049(-0.50%)

10-Yr Bond

3.7050

-0.2590(-6.53%)

Vix

30.18

-2.42(-7.42%)

GBP/USD

1.0808

-0.0077(-0.71%)

USD/JPY

144.4700

+0.3480(+0.24%)

BTC-USD

19,530.88

+782.03(+4.17%)

CMC Crypto 200

446.30

+17.52(+4.08%)

FTSE 100

7,005.39

+20.80(+0.30%)

Nikkei 225

26,328.11

+154.13(+0.59%)

‘Biggest crash in world history’: Robert Kiyosaki issues another dire warning and now avoids ‘anything that can be printed’ — here are 3 hard assets he likes instead

The markets sure look ugly these days.

The S&P 500 is down 23% year to date. For the tech-laden Nasdaq Composite, the loss in 2022 has widened to an even more painful 31%.

“Rich Dad Poor Dad” author Robert Kiyosaki, who previously sounded the alarm, stresses just how badly this downturn could turn out to be.

“This is going to be the biggest crash in world history, we’ve never had this much debt pumped up,” he says in a Kitco News interview earlier this month.

Given that Kiyosaki has previously tweeted that “Crashes are the best times to get rich,” one might think it’s time to look for bargains in the beaten-down stock market.

But that’s not what Kiyosaki is doing right now.

Don’t miss

If you want to be rich, use these 3 Warren Buffett techniques no one ever talks about

Billionaire Carl Icahn warns the ‘worst is yet to come’ — but when an audience member asked him for stock picks, he offered these 2 ‘cheap and viable’ names

Boomer’s remorse: Here are the top 5 ‘big money’ purchases you’ll (probably) really regret in retirement

“Anything that can be printed, like a stock certificate, a bond, or a dollar, I don’t want it,” he says.

Here’s a look at what Kiyosaki prefers instead.

Precious metals

Precious metals — particularly gold and silver — have been a popular hedge against inflation and uncertainties. They can’t be printed out of thin air like fiat money and their value is largely unaffected by economic events around the world.

When the host asked Kiyosaki if he was adding anything to his portfolio, his response was simple: “I’m buying more gold and silver.”

To be sure, precious metals aren’t immune to the sell-off that’s been going on this year. The price of gold is actually down about 9% in 2022, while silver has fallen by nearly 20%.

Kiyosaki sees a glorious revival on the horizon.

“Silver to stay at $20 for 3-5 years, then climb to $100 to $500,” he says in a recent Tweet, adding that “everyone can afford silver” and “accumulate silver now.”

For gold, he points to fellow investing guru Jim Rickards, who once predicted yellow metal to soar to $15,000 an ounce.

“I like his numbers. I think $15,000 is not out of the question for gold,” Kiyosaki says.

While there are many ways to gain exposure to gold and silver, he prefers to just buy the metal directly. Earlier this year, he tweeted that he only wants “real gold or silver coins” and not the ETFs.

“I buy gold and silver for one reason, because if push comes to shove, I can spend it anywhere in the world,” he tells Kitco.

Bitcoin

Some say that bitcoin is the new gold. While Kiyosaki is a self-proclaimed gold bug, he also likes the world’s largest cryptocurrency.

Of course, bitcoin is extremely volatile, so Kiyosaki shares the story of how he got on board during one of the pullbacks.

“When Bitcoin the first time hit $20,000, I watched it, and it traced back down,” he says.

“So it came back and hit $6,000 so I knew it was picking up momentum as a trader would say … And when it hit $6,000, I bought 60. So I’m in the money.”

Read more: You could be the landlord of Walmart, Whole Foods and Kroger

As we know now, bitcoin then went on a rollercoaster ride, hitting a high of $68,990 last November.

Today, bitcoin trades at around $19,000 apiece — a staggering 72 pullback from its peak but still well above Kiyosaki’s entry price.

Looking ahead, he’s “optimistic and bullish” on blockchain and is ready to buy the dip again if the downtrend continues.

“If it goes down to $1,000, I’m backing up the truck.”

Food

Food prices have been going up amid supply shortages around the world. And that’s an area investors might want to pay attention to.

“Inflation about to take off. Best investments are cans of tuna & baked beans,” Kiyosaki tweeted in June, explaining that you “can’t eat gold, silver, or Bitcoin” but you can eat tuna and beans.

And right now, he tells Kitco he’s investing in livestock as well.

“I invest in Wagyu cattle,” he says. “People talk about farmland and all that stuff, but I think cattle are great.”

Indeed, investing in farmland has been popular these days. After all, Bill Gates turns out to be the largest private owner of farmland in the U.S. And even retail investors are now getting in on the action.

It might be a little bit more difficult for retail investors to get into cattle, but the payoff can be worth it.

“You can always eat the thing,” Kiyosaki says.

What to read next

‘It hasn’t been normal’: As mortgage rates rise for a fifth week, it’s time for homebuyers to abandon their old assumptions

Sign up for our MoneyWise investing newsletter to receive a steady flow of actionable ideas from Wall Street’s top firms.

Do you fall in America’s lower, middle, or upper class? How your income stacks up

This article provides information only and should not be construed as advice. It is provided without warranty of any kind.

Advertisement

SmartAsset

My Kids Inherited $5 Million. What Should They Do With It?

My children have inherited $5 million of stock from their father (whose estate has not yet been dispersed after 11 months) leaving them with a 30% or so loss of value over which they have had no control. Is there … Continue reading -> The post Ask an Advisor: My Kids Inherited $5 Million. How Should They Handle It? appeared first on SmartAsset Blog.

Motley Fool

Why Shopify, PayPal, and MercadoLibre Stocks Rallied on Wednesday

A broad cross-section of stocks charged sharply higher on Wednesday, as Wall Street focused on Treasury yields and foreign government moves to settle unrest in the financial markets. Shares of e-commerce kingpin Shopify (NYSE: SHOP) rose as much as 5.5%, digital payments denizen PayPal (NASDAQ: PYPL) jumped as much as 6.9%, and Latin American e-commerce and fintech leader MercadoLibre (NASDAQ: MELI) surged as much as 8.3%. Positive developments in the unfolding saga involving the British pound and a spike in U.S. Treasury yields provided the catalyst.

Motley Fool

Why Aurora Cannabis, Canopy Growth, and Tilray Stocks Just Popped

Marijuana stocks continued to rebound from last week’s sell-off on Wednesday, with shares of Canopy Growth (NASDAQ: CGC) gaining 4.2%, Tilray Brands (NASDAQ: TLRY) up 4.8%, and Aurora Cannabis (NASDAQ: ACB) leading the whole pack higher with a 5.4% gain as of 1:40 p.m. ET. The Nasdaq — to which index all three of these cannabis stocks belong — is up 1.5% in midafternoon trading. This morning, Canopy announced that in an effort to progress from losses toward profitability, it will divest its Canadian Tweed and Tokyo Smoke retail operations and focus in the future on producing “premium” branded cannabis as a consumer packaged goods company.

TheStreet.com

Warren Buffett’s Berkshire Makes List of Undervalued, Stocks

The CBOE Volatility Index has skyrocketed 89% so far this year. Morningstar put together a list of stocks with one- and three-year betas of 0.8 or lower. Then it screened for stocks that are undervalued, according to Morningstar analysts’ fair value estimates.

Yahoo Finance Video

Netflix cracks down on users sharing passwords

Yahoo Finance Live checks out Netflix’s shares after Atlantic Equities upgrades the company’s stock to “Neutral” and the streaming platform announces plans to limit password sharing.

Barrons.com

Senators Propose Letting Americans Buy $30,000 in I Bonds

The current cap on yearly buys of I bonds is $10,000 per person plus $5,000 through federal tax refunds. Two senators propose raising that limit to $30,000 in total.

Motley Fool

Why Gold Stocks Were Soaring Today

Gold stocks were on the march today, riding a broad relief rally as stock prices rose and Treasury yields crashed with the yield on the 10-Year Treasury Note down 5.6% in afternoon trading. There was no obvious trigger for the movement, though the most likely reason seems to be the Bank of England’s decision to buy long-dated U.K. government bonds in order to stabilize the pound after the currency had fallen sharply against the dollar in recent weeks. Gold is seen by some investors as a safe haven from money-printing in fiat currencies, especially during high-inflation times, while others believe that higher interest rates are bearish for gold because they make fixed income like bonds more attractive.

TipRanks

These 2 Stock Giants Are Flirting With a Bottom; Analysts Say ‘Buy’

Anyone following stock market trends in 2022 will be well aware of the widespread drawbacks; apart from some outliers such as energy, most corners of the market have been beaten to a pulp. The main culprits are easily identified by now; a combination of a slowing economy, rampant inflation, rates hikes to halt it, and Russia’s invasion of Ukraine and the global implications are all responsible factors. Stock market giants have not been immune either and many have seen huge chunks of their valuat

SmartAsset

If You Have This Much Money Saved You Don’t Need an Annuity

Creating income for retirement is one of the biggest challenges American workers have in planning for how they will be able to live comfortably once they stop working. One of the most common ways to create this income is to … Continue reading -> The post If You Have This Much Money Saved You Don’t Need an Annuity appeared first on SmartAsset Blog.

Simply Wall St.

The Tesla Trap is Forming Again – Here is Why Bears Might be Wrong

In this analysis, we will look at some of the aspects the market may have adapted when pricing Tesla, Inc. (NASDAQ:TSLA) and explore why the stock may retain current levels. Even though the fundamentals may not reflect the current valuation.

Insider Monkey

Alphabet (GOOG) Reported Strong Quarterly Result Despite the Tough Macroeconomic Conditions

Lakehouse Capital, an investment management company, released its “Lakehouse Global Growth Fund” July 2022 investor letter. A copy of the same can be downloaded here. July was an eventful month, and the fund returned 11.1% net of fees and expenses compared to 5.4% for its benchmark. In addition, please check the fund’s top five holdings […]

SmartAsset

A $1.5 Million Annuity Earns This Much Annually

Annuities are a form of hybrid financial product. Part investment and part contract, they’re primarily sold by insurance companies as a way to save for retirement. While in recent years they have come under criticism for below-market returns, many retirees … Continue reading -> The post How Much Would a $1.5 Million Annuity Pay? appeared first on SmartAsset Blog.

These 2 Stocks Are ‘Oversold Gems’ With Over 100% Upside Potential, Says Roth Capital

Previous article

Annaly Capital Management’s Rare 3-Standard Deviation Selloff

Next article

You may also like

Comments

Leave a reply

Your email address will not be published. Required fields are marked *

More in Latest News