Robert Kiyosakithe author of Rich Dad, Poor Dad warns investors of the need to focus on the bond market, which is much larger than the stock market and is experiencing its “biggest crash since 1788.”

The view: The personal finance guru tweeted that the “real problem is in the bond market,” adding that he foresees a “big crash.”

Kiyosaki had previously warned that inflation could lead to depression, and foreclosures are up 700% year-on-year.

Why it matters: Bond markets have historically reacted negatively to news of rate hikes. During times of excessive market panic, gold has been a lifesaver as funds have been diverted to the safe haven. If the US enters a recession and equities remain under pressure in the medium term, the yellow metal could provide some relief.

said Kiyosaki he buys more gold and Silver and waits Bitcoin BTC/USD prices continue to fall.

Also read: Oil hits 1-week low as EU eases Russian sanctions, US demand concerns grow

This article was originally published on July 25, 2022.

Photo: Created with an image provided by Gage Skidmore via Wikipedia