‘Rich father, poor father’ author Robert Kiyosaki believes Even if gold crashed to $1,000 an ounce it would still be a buyer like the yellow metal, silver and Bitcoin BTC/USD are real money while cash is garbage.

What happened: Kiyosaki’s comments follow experts Steven Van Meters Remarks in his last YouTube Video where he stated that gold prices are about to crash.

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“GOLD to CRASH. Steve Van Meter (sic), whom I respect, predicts gold will crash to $1000. He says markets are tired of waiting for gold to crash higher. If gold to $1000 falls, I will buy more. I am not an investor trader. To me, gold, silver and bitcoin are real money. To me, cash is garbage,” he tweeted.

Last week, Kiyosaki cited counter-arguments on gold from Van Meter and David Jaegerand said it’s important to consider opposing views and figure them out Logic that drives buyers and sellers.

Price promotion: Gold prices fell sharply on Friday, buoyed by hawkish comments federal reserve Officials stepped up bets on at least one more rate hike. Two central bank officials on Thursday reiterated the need for further rate hikes to curb inflation just as the Fed is set to enter a period of silence ahead of its next April 22-May 4 monetary policy announcement.

Bob Haberkorn, Senior Market Strategist RJO futures, Reuters said last week that while a rate hike will initially dampen gold’s appeal, an eventual pause will propel gold to recent all-time highs. “…the Fed has reached a breaking point where it can no longer raise rates without causing significant damage to the economy,” he added.

Spot gold traded at $1,980 an ounce during Asian trading on Monday morning after surpassing $2,000 an ounce last week. Recently, many experts have claimed that gold is poised for a surge above $2,000 an ounce. However, the yellow metal found it difficult to convincingly break through and rally past the mark.

The SPDR Gold Trust GLD And…