Gold has exploded for an 11% gain over the past month, giving long-suffering gold bugs a chance for some chest-puffery as prices track toward their highest close in more than six years on the back of unsettling geopolitical developments.
‘Gold is God’s money... The Fed has destroyed the monetary system of the world along with its central banks. It has manipulated the market. In my opinion they went criminal... So when I watch Wall Street, I watch the price of stocks and I watch what the Fed is doing — I just get nauseous. I just buy more gold.
Gold GC00, -0.64% rose again on Tuesday, up $8.30 to $1,426.50, at last check, while silver SI00, -0.81% edged lower. Kiyosaki, with a net worth reported to be around $80 million, has been calling for the stock market to crash for a while now, which would be a most welcomed development for gold bugs. Back in December, he said investors were perhaps facing the final stages of the financial bubble.
Kiyosaki is always predicting a recession. He makes money by doing so - it sells. Eventually he will be right just as a broken clock is right twice a day.
He said the biggest market crash was gonna happen in 2016. Did that happen? Nope. This is what he does. He says the market is gonna crash and then if it crashes 6 years later he can say “see! I was right!”. Here’s my prediction: the market will crash and then eventually recover.
Wasn't he bankrupt? Lol
Early 2020 is my bet. MayDay
Call a market crash at all time highs.... Never heard that before .
Ah! Another Evangelical Prosperity Preacher. No wonder he pals around with Trump. For both of them, Christ's Words will always ring true: 'It is easier for a camel to go through the eye of a needle than for someone who is rich to enter the kingdom of God.'
It could be looming for 15 years
I am planning like having a bizz on my own, Robert inspires me in many ways
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theRealKiyosaki LOL. Mass media trying so hard these days to shill gold as an alternative over bitcoin. That's because gvts own all the gold.. and none of the bitcoin, lol. Plus, they can control and seize it (unlike bitcoin). Their wealth is being replaced by something better!