Sign up for our MoneyWise newsletter to receive a steady flow of actionable ideas from Wall Street's top firms.

Consumer crunched

Kiyosaki isn’t exactly pleased with the current state of the U.S. economy.

“America has stopped producing products, we produce bubbles,” he says, adding that we now have bubbles in the real estate market, the stock market and the bond market.

The author also criticizes President Joe Biden’s decision to halt the Keystone XL oil pipeline, which he believes is a major reason energy prices are so high.

It also spells trouble for those who want to enjoy their golden years. When the bubbles burst, Kiyosaki says, the stock market will crash. So those relying on their 401(k) plans “are toast.”

“We don’t have a retirement, our pensions are bust.”

Fundrise helps you invest in real estate without having to buy a house. Let their state-of-the-art technology and in-house experience open the door to new opportunities today.

Sign up

Time to protect yourself

Given his grim outlook, it’s no big surprise that Kiyosaki is a fan of safe haven assets like gold and silver. Precious metals can’t be printed out of thin air like fiat money, and they’ve been helping investors preserve their purchasing power for centuries.

The price of gold is up about 8% year to date. Russia’s invasion of Ukraine has given investors a new reason to check out the yellow metal.

While Kiyosaki owns gold — he first purchased the yellow metal in 1972 — he prefers silver in today’s economic environment.

In a tweet last month, Kiyosaki revealed that he had purchased 2,500 American Silver Eagle bullion coins and offered his bullish reasons for doing so.

“Gold already moved up. Bitcoin still too high,” the tweet says. “Silver 50% below all time high. Silver an industrial metal as well as $.”

Bubble tactics

Bubbles tend to pop — eventually. When they do, many people see their wealth take a significant hit. But large declines also create opportunities for those who are willing to buy the dip.

“The good thing about a bubble is when they burst, everything goes on sale,” Kiyosaki says.

During the financial crisis of 2008, the author started “buying real estate at bargain prices.” Based on how much real estate has gone up since then, it’s fair to say that was a sharp move.

Pour your portfolio a glass of recession resistance

Fine wine is a sweet comfort in any situation — and now it can make your investment portfolio a little more comfortable, too.

Ownership in real assets like fine wine could be the diversification you need to protect your portfolio against the volatile effects of inflation and recession. High-net-worth investors have kept this secret to themselves for too long.

Now a platform called Vinovest helps everyday buyers invest in fine wines — no sommelier certification required.

Vinovest automatically selects the best wines for your portfolio based on your goals, and it tells you the best times to sell to get the best value for your wine.

About the Author

Jing Pan

Jing Pan

Investment Reporter

Jing is an investment reporter for MoneyWise. Prior to joining the team, he was a research analyst and editor at one of the leading financial publishing companies in North America. An avid advocate of investing for passive income, he wrote a monthly dividend stock newsletter for the better half of the past decade. Jing holds a Master’s Degree in Economics and an Honours Bachelor of Science Degree, both from the University of Toronto.

What to Read Next

Disclaimer

The content provided on MoneyWise is information to help users become financially literate. It is neither tax nor legal advice, is not intended to be relied upon as a forecast, research or investment advice, and is not a recommendation, offer or solicitation to buy or sell any securities or to adopt any investment strategy. Tax, investment and all other decisions should be made, as appropriate, only with guidance from a qualified professional. We make no representation or warranty of any kind, either express or implied, with respect to the data provided, the timeliness thereof, the results to be obtained by the use thereof or any other matter.