The author of Rich Dad Poor Dad, Robert Kiyosaki, has warned that another bank is about to fall. He noted that two major banks have already “crashed.” Silicon valley bank was shut down by U.S. regulators on Friday while Silvergate Bank announced voluntary liquidation on Wednesday.
Rich Dad Poor Dad is a 1997 book co-authored by Kiyosaki and Sharon Lechter. It has been on the New York Times Best Seller List for over six years. More than 32 million copies of the book have been sold in over 51 languages across more than 109 countries.
Kiyosaki has consistently advised purchasing gold and silver. In February, he predicted that the price of gold would surge to $5,000 and that silver would reach $500 by 2025. As for this year, his expectation is for the price of gold to reach $3,800, while silver is projected to reach $75. The renowned author is no fan of exchange-traded funds (ETFs) and has advised against investing in stocks, bonds, and mutual funds.
The Rich Dad Poor Dad author has also recommended bitcoin on multiple occasions, referring to the cryptocurrency as people’s money, He said in February that he expects the price of BTC to hit $500,000 by 2025. He recently said that investors in bitcoin, gold, and silver will get richer when the Federal Reserve pivots and prints trillions of dollars.
Earlier this month, Kiyosaki said the world economy is on the verge of collapse, warning of bank runs, frozen savings, and bail-ins. In January, he said that we are in a global recession, warning of soaring bankruptcies, unemployment, and homelessness.