‘The everything crash’
Kiyosaki’s concerns about inflation go beyond just rising consumer prices — he’s also warning of a major market downturn.
He described on X how “The Everything Bubble” formed in the past.
“In 2008 was the GFC the Great Financial Crisis. The criminals at the Fed and Treasury began printing trillions of fake dollars in an attempt to stop a GFD a.k.a….a Global ‘F-ing’ Depression,” he wrote. “The 2008 GFC blew up into ‘The Everything Bubble.’ All markets began to rise….floating on a sea of fake money.”
In short, Kiyosaki believes that excessive money printing fueled the bubble by inflating asset prices across the board.
Now, he predicts even more serious consequences.
“What I am attempting to say is ‘The Everything Bubble’ is going to turn into ‘The Everything Crash,’” he predicts, vividly comparing the impending collapse to “Mt. Vesuvius blowing up.”
While the Canadian stock market experienced a remarkable rally in 2024, with the S&P/TSX composite indexending 18% higher for the year, Kiyosaki points out that savvy investors are already offloading overpriced assets and moving into cash.
He highlighted Warren Buffett, whose company Berkshire Hathaway has sold a significant portion of its Apple (APPL) shares this year. “Warren Buffett is selling even his Apple shares and sitting on stacks of cash,” Kiyosaki notes.
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Invest Now‘Prices about to explode’
So, how do you navigate the bubble and the impending crash? Kiyosaki points to three key assets.
“If a major stock market crash occurs. Which I am expecting... Because the stock market has been high for too many years... This is not good news for people who do NOT own gold, silver, and Bitcoin,” he warned on X.
This isn’t the first time Kiyosaki has promoted these assets. His confidence in them remains strong, boldly declaring that “Bitcoin, gold, silver prices [are] about to EXPLODE.”
Gold and silver have long been considered popular hedges against inflation. The reason is straightforward: these precious metals can’t be printed in unlimited quantities by central banks like fiat money.
And because their value isn’t tied to any one currency or economy, these metals could provide protection during periods of economic uncertainty.
In October 2023, Kiyosaki predicted on X, “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.”
It seems that the first part of his prediction is materializing. Gold prices have surged in 2024, now hovering around USD$2,871.74 per ounce.
Kiyosaki is also bullish on silver, recently telling followers that “BEST ASSET TODAY: Silver… buy it before it hits $50.00.” With silver currently trading at $34.40, his target suggests a potential 45% upside for the metal.
Bitcoin is another hot asset in 2024, having surpassed the USD$96,000 mark amid bullish sentiments.
While some see Bitcoin as the new gold, Kiyosaki doesn’t dwell on comparisons between the two. “It really matters little which is better, gold or Bitcoin. That would [be] like people discussing which car is better… Ferrari or Lamborghini… as they take the bus,” he wrote on X.
However, Bitcoin’s volatility is something Kiyosaki acknowledges. He warns that the cryptocurrency could crash to $5,000 before surging to $100,000, $250,000, or even higher.
Still, Kiyosaki paints a clear picture of the future for those who own these assets.
“Those who own real gold, silver, and Bitcoin will get richer… [and be] able to afford Ferraris or Lamborghinis… while talkers who take the bus... say to themselves… ‘I really do not like either Ferraris or Lamborghinis,’” he quipped on X.
Sources
1. Statistics Canada: Consumer price index portal
2. CP24: S&P/TSX composite ticks higher to close out a strong 2024 (December 31, 2024)
3. American Hartford Gold: Interactive Gold Price Charting Tool
4. The Globe and Mail: Crypto Market Surges as Bitcoin Breaks $96,000 Amid Bullish Sentiment (Jan 21, 2025)
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