Robert Kiyosaki says don’t make this financial mistake and get ‘manipulated’
Too many people have fallen into the trap of investing in U.S. Treasuries and putting their money in pensions, thinking that these assets are safe investments, said best-selling author Robert Kiyosaki.
Kiyosaki referred to these assets as “fake money” and detailed how investors can differentiate between “real” and “fake” assets in his book “FAKE: Fake Money, Fake Teachers, Fake Assets: How Lies Are Making the Poor and Middle Class.”
“The problem with my generation is that they think that what is safe is U.S. Treasuries,” Kiyosaki told Kitco News. “Treasuries are how the Fed and the Treasury manipulate the markets, and they’ve wiped out savers.”
Part of the problem with owning government-backed assets, Kiyosaki said, is that governments can’t be trusted.
“The Americans are running now, because the guys I was shooting in Vietnam are now politicians in America,” he said.
Instead, Kiyosaki has bought “real” assets like the precious metals.
“As an entrepreneur…I save my money in gold, silver, and bitcoin, because I want to be outside the system,” he said.