'The biggest crash in history': Robert Kiyosaki warns that millions of 401(k)s and IRAs will be 'toast' — says there's 'no time to play Russian Roulette.' Here's what he likes for protection

In another X post, the author referred to his 1997 book’s predictions, which later came to fruition.

“Please remember my warning in Rich Dad Poor Dad published in 1997 predicting ‘Savers are losers’ and ‘Your home is not an asset’ which came true in 2008,” he wrote. “Watch for my next warning. The S & P is next which will toast millions of 401ks and IRAs.”

Given the extensive exposure many people have to the stock market through their retirement savings, a severe downturn in the S&P 500 could be devastating. During the market sell-off in 2022, CBS News reported that 401(k) and IRA plan participants experienced an estimated loss of around $3 trillion.

Despite these ominous predictions, Kiyosaki has offered some advice for navigating the potential crisis.

“Buy gold, silver, Bitcoin while you still can,” he suggested.

Let’s take a quick look at this trio of assets.

Gold and silver

Precious metals — particularly gold and silver — have long been considered a popular hedge against inflation. The reason is simple: They can’t be printed out of thin air like fiat money.

Kiyosaki has long been a fan of gold and first purchased the yellow metal in 1972. He has explained in the past it’s because he doesn’t “trust” the Federal Reserve, which controls the supply of money.

In October, he predicted, “Gold will soon break through $2,100 and then take off. You will wish you had bought gold below $2,000. Next stop gold $3,700.”

Kiyosaki likes silver, too. “Silver from $23 to $68 an ounce,” he said, projecting major upside for the gray metal.

The price of gold climbed about 11% in 2023, and is currently holding at above $2,000 an ounce, while silver has remained relatively unchanged.

One way to invest in precious metals that also provides significant tax advantages is with a gold IRA through American Hartford Gold. This retirement account can help you stabilize your finances by allowing you to invest directly in physical precious metals rather than stocks and bonds.

One of the country’s most trusted precious metals companies – with an A+ rating from the Better Business Bureau – American Hartford Gold has delivered more than $2 billion in gold and silver.

Bitcoin

The world’s largest cryptocurrency is making a comeback and was up 150% in 2023.

But investors should not forget just how volatile it can be.

In November 2021, bitcoin reached a high of $68,990. Today, it’s hovering around $42,000.

Kiyosaki, however, doesn’t seem bothered by the massive swings.

When the virtual currency was testing $30,000 in October, he predicted, “Next stop Bitcoin $135,000.”

If Kiyosaki is right in his prediction, it would imply an upside of 227% from where the cryptocurrency sits today.