(Kitco News) – As the BRICS countries transition away from the dollar, the U.S. will face hyperinflation and enter a depression, making precious metals, Bitcoin, and “hard assets” the only things worth holding, according to famed investor Robert Kiyosaki.
The Rich Dad, Poor Dad author shared his latest perspectives on gold, fiat currencies and Bitcoin in an X post from South Africa on Sunday.
“Watching and listening to rumors of what will happen when BRICS nations, Brazil, Russia, India, China, South Africa produce BRICS crypto, possibly backed by gold,” Kiyosaki wrote. “If BRICS gold crypto happens trillions in fake money, fiat US dollars will come rushing back to home to America causing hyperinflation in America, ultimately destroying US dollar.”
He advised his followers to “protect yourself from the crash of US dollar” by purchasing “real gold, silver, and Bitcoin now.”
Kiyosaki expanded on his thesis in a May 9 post, writing that he’s expecting not just a recession, but a full-blown economic depression. “I am planning on one,” he said, adding that while he does not want this outcome, “it is better to be preparing for the worse rather than live in Disneyland, which most people are doing.”
“For years I could see this crisis coming… which is why I wrote Rich Dad Poor Dad, own my business, use debt as money to buy cash flowing assets such as rental properties, save real gold and silver, and today Bitcoin,” Kiyosaki wrote. “Please be prepared and take care. It’s getting exciting.”
In an interview with Kitco News earlier this year, Kiyosaki insisted that investors must avoid all paper assets and invest in things that will hold their value.
“I'm a broken record,” he said. “Gold, silver, Bitcoin, no ETFs, [not] anything somebody can print. I don't want to touch it. I don't like dollars, I don't like bonds, I like the hard asset.”
