The famous author of the best-selling book Rich Dad Poor Dad, Robert Kiyosaki, says that another bank is about to collapse after the collapse of Silicon Valley Bank and the voluntary liquidation of Silvergate Bank. Kiyosaki also recently said that the world economy is on the verge of collapse, warning of bank runs, frozen savings and bailouts.
Robert Kiyosaki predicts another bank will collapse
Rich Dad Poor Dad author Robert Kiyosaki has warned that another bank is about to fail. He noted that two large banks have already “failed.” Silicon Valley Bank was shut down by US regulators on Friday, while Silvergate Bank announced its 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 more than 51 languages in more than 109 countries.
Predicting that a third bank is about to collapse, Kiyosaki tweeted on Friday:
Two big banks have collapsed. #3 ready to go. Buy real gold and silver coins now. No ETFs. When bank #3 leaves, gold and silver skyrocket.
Kiyosaki has always advised buying gold and silver. In February, he predicted that the price of gold would rise to $5,000 and silver would hit $500 by 2025. As for this year, he expects the price of gold to hit $3,800, while silver is projected to hit $75. The renowned author is not a fan of exchange-traded funds (ETFs) and has advised against investing in stocks, bonds, and mutual funds.
The author of Rich Dad Poor Dad 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 reach $500,000 by 2025. He recently said that investors in bitcoin, gold and silver will get rich when the Federal Reserve spins up and prints trillions of dollars.
Earlier this month, Kiyosaki said the world economy is on the verge of collapse and warned of bank runs, frozen savings and bailouts. In January, he said that we are in a global recession, and warned of rising bankruptcies, unemployment and homelessness.
What do you think of Rich Dad Poor Dad author Robert Kiyosaki’s predictions? Do you think another bank is about to collapse? Let us know in the comments section.
image credits: Shutterstock, Pixabay, Wiki Commons
Disclaimer: This article is for informational purposes only. It is not a direct offer or a solicitation of an offer to buy or sell, or a recommendation or endorsement of any product, service or company. bitcoin.com does not provide investment, tax, legal or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.
