Robert Kiyosaki, the renowned author behind the bestselling personal finance book \u201cRich Dad, Poor Dad,\u201d has taken to X to express his distaste for Warren Buffett\u2019s recent change of heart.<\/p>\n
For years, the 95-year-old chairman of Berkshire Hathaway has criticized metals like gold and silver as unproductive assets. According to him, these commodities do not generate income. Kiyosaki noted that the American businessman has suddenly switched<\/a> to praising \u201cthe virtues of gold and silver,\u201d an act the author says makes him \u201cwant to vomit.\u201d<\/p>\n Buffett is a long-time supporter of stocks and bonds. He has particularly touted stocks as being a better investment than cash or bonds.\u00a0However, with his recent attention on gold and silver, Kiyosaki projects that the stock and bond markets could crash soon.<\/p>\n \u201cEven though Buffet shit on gold and silver investors like me for years, his sickening endorsement of gold and silver must mean stocks and bonds are about to crash,\u201d he said.<\/p>\n Some of Kiyosaki\u2019s followers stress that Buffett\u2019s action is probably a way of redeploying<\/a> the $344 billion cash pile that Berkshire Hathaway is currently holding.<\/p>\n Ending his tweet, Kiyosaki emphasized that he would take Buffett\u2019s advice and buy gold and silver. He added that he would accumulate<\/a> bitcoin (BTC) and ether (ETH). Notably, the renowned author rarely mentions ETH among his investment choices. Adding Ether to his list this time shows that he is bullish on the recent performance of the second-largest crypto.<\/p>\n Buffett, on the other hand, has long been opposed to cryptocurrencies. He has even called<\/a> Bitcoin a \u201crat poison squared\u201d and a gambling token. Notwithstanding, he has invested<\/a> in stocks linked to cryptocurrencies.<\/p>\n With the 95-year-old businessman changing his view on gold and silver, some onlookers speculate that he might do the same with Bitcoin<\/a> and the broader crypto market.<\/p>\n The post Robert Kiyosaki Says Bitcoin Is the Only Real Hedge as Buffett Turns to Gold<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" Robert Kiyosaki, the renowned author behind the bestselling personal finance book \u201cRich Dad, Poor Dad,\u201d has taken to X to express his distaste for Warren Buffett\u2019s recent change of heart. For years, the 95-year-old chairman of Berkshire Hathaway has criticized metals like gold and silver as unproductive assets. According to him, these commodities do not […]<\/p>\n","protected":false},"author":0,"featured_media":101224,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-101223","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/101223"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=101223"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/101223\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/101224"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=101223"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=101223"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=101223"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Depression Ahead?<\/h2>\n
Kiyosaki Advocates for Metals and Crypto<\/h2>\n