Robert Kiyosaki just issued a dire warning about the current pension crisis, says 'fake money savers' will feel the most pain

Lehman Brothers had assets of $691 billion when it filed for bankruptcy in September 2008, marking the largest corporate bankruptcy in U.S. history. And currently, U.S. state and local pension plans face an estimated $1.4 trillion shortfall.

So what should investors do in the face of an upcoming retirement crisis?

“People who own gold, silver, Bitcoin will get richer when Fed, Treasury, Wall Street pivot [and] print trillions of fake dollars,” Kiyosaki says.

“Fake money savers will be biggest losers. Don’t be a loser.”

Let’s take a closer look at these suggestions — and why you might want to take them seriously.

Gold and silver

Precious metals — particularly gold and silver — have been a popular hedge against inflation and uncertainty. They can’t be printed out of thin air like fiat money and their value is largely unaffected by economic events around the world.

Kiyosaki has long been a fan of gold — he first purchased the yellow metal in 1972.

“I’m not buying gold because I like gold, I’m buying gold because I don’t trust the Fed,” he said in an interview last year.

Kiyosaki likes silver, too. In fact, he recently tweeted “Silver best investment in Oct 2022” and “Everyone can afford $20 silver.”

To be sure, precious metals aren’t shooting through the roof. But they’ve demonstrated their resilience in this broad market selloff: the price of gold is down about 2% in 2022, while silver is up 1.2%.

While there are many ways to gain exposure to gold and silver, Kiyosaki prefers to just buy the metal directly. Earlier this year, he tweeted that he only wants “real gold or silver coins” and not ETFs.

The author also called silver “a bargain” recently. So it might be time to visit your local bullion shop.

More: Want to earn big returns without the shaky stock market? Try art

Bitcoin

Bitcoin investors have learned the hard way just how volatile it can be.

Last November, bitcoin reached a high of $68,990. Today, it’s hovering around $16,700.

But Kiyosaki doesn’t seem bothered by the cryptocurrency’s downturn.

“BITCOIN? WORRIED? No,” he writes in a tweet last month. “I am a Bitcoin investor as I am an investor in physical gold, silver, & real estate.”

In fact, he sees the crypto mayhem as an opportunity.