In the past one year, gold and silver prices have jumped more than 50%. This shows that in times of financial crisis, both precious metals perform well and act as safe haven assets for investors. The sharp rise in gold and silver gave Rich Dad Poor Dad author Robert Kiyosaki a chance to target legendary investor Warren Buffett, who has never been a big supporter of gold investments.
Both Kiyosaki and Buffett have held very different views on gold, silver and even cryptocurrencies. While Buffett has often avoided gold, Kiyosaki went on to criticise what he called Buffett’s “sickening endorsement” of precious metals like gold and silver.
Kiyosaki continues to stick to his long-time belief in gold and silver, but what has drawn attention now is the sudden spotlight on Buffett’s changing stance. According to Kiyosaki, the stock and bond markets may soon witness a sharp fall, which makes precious metals more important as a safe investment option.
Buffett’s shift in stance
Buffett, one of the greatest when it comes to investing, has long been against precious metals like gold and silver. He called them “useless” and “non-productive assets.” In 1998, he said, “Gold is taken out of the ground, melted, and then buried back in the ground…it has no real use.”
But Buffett’s recent endorsement of gold and silver has surprised many, including Kiyosaki, who strongly criticised the Berkshire Hathaway CEO for this sudden change in stance.
On Buffet’s shift, Kiyosaki says that if even a giant like Warren Buffett considers gold and silver as safe havens, then stocks and bonds could face a storm in the coming days.
“Even though Buffett shit on gold and silver investors like me for years, his sickening endorsement of gold and silver must mean stocks and bonds are about to crash,” Kiyosaki tweeted.
Kiyosaki’s view on gold and silver
Kiyosaki has long been in favour of choosing gold, silver and cryptocurrencies (Bitcoin, Ethereum) as investment options. He argues that these assets provide investors with security during times of economic uncertainty and inflation.
Kiyosaki’s warning comes at a time of growing concerns about inflation, geopolitical tensions, and tariff war. Gold and silver prices have also seen a surge due to these factors. Kiyosaki is urging investors to prepare for a coming financial crisis.
Kiyosaki’s continued support for gold and silver, as also cryptos, indicates that he sees these assets more reliable than stocks and bonds. The eminent personal finance guru sees Buffett’s shift in stance as a sign that traditional investments are no longer safe. He advises investors to listen to Buffett, who is now favouring gold and silver investment too.
Changing circumstances and investor concerns
Currently, inflation, geopolitical tensions, and a weak dollar have driven gold and silver prices to new highs. Kiyosaki believes that this is the right time for people to invest their savings in alternatives like gold, silver and Bitcoin.
Is a crisis really looming?
Kiyosaki believes that a financial crisis is coming and it could be as large as the Great Depression of 1929. His advice is clear — investors should consider alternative investment instruments beyond stocks and bond.