40% Drop Below $1200, Will Bitcoin Take Over?

Janak9955

The author Robert Kiyosaki, famous for "Rich Dad Poor Dad," has recently made big news. He has been a fervent supporter of gold, urging everyone to buy gold, silver, and Bitcoin. However, his stance has taken a 180-degree turn recently! Believe it or not, he now suggests that gold may fall below $1200! What's going on?

He has consistently warned that the growth of the U.S. debt will lead to inflation, ultimately rendering the U.S. dollar worthless. Hasn't he been talking about this all the time? So why is he now saying gold may fall? A person named Andy Schectman raised a question, asking, "Who would want to buy U.S. bonds?" He says banks are now more willing to buy gold than U.S. bonds. The U.S. is in need of money; what should be done? Robert Kiyosaki suggests that gold may fall below $1200, while the value of silver and Bitcoin may skyrocket. This is a bit confusing, and it's unclear whether to believe him or not.

Andy Schectman is the president of the precious metals trading company Miles Franklin Precious Metals, an experienced individual in finance and investment. In his recent interview, he questioned whether anyone would be willing to lend money to the U.S. because the U.S. government wants to print $1 trillion worth of bonds every quarter. Did you know that just last month, Robert Kiyosaki was still urging everyone to buy gold, silver, and Bitcoin? He said the national debt had increased by another trillion dollars, which is simply unbelievable. Therefore, he advises us to buy more gold, silver, and Bitcoin to protect ourselves from fiscal corruption and incompetent leaders.

Iravan774

It's a bit challenging, isn't it?

977Iti

It's not impossible either.