Millions to be wiped out financially: Rich Dad Poor Dad author Robert Kiyosaki warns, sees gold skyrocketing to $25000
Robert Kiyosaki, author of the best-selling book Rich Dad Poor Dad, warned that the party was over and that hyperinflation is here. He further said that millions of people, young or old, will be wiped out financially. However, on the flip side, he sees this to be good news for the gold.
Sounding the alarm bell following weak auction results for a $16 billion sale of 20-year bonds, best-selling author Robert Kiyosaki predicted: THE END is HERE.
Taking to the social media platform X on Wed, the Rich Dad Poor Dad author warned that “the party is over” and claimed hyperinflation has arrived. He further stated that millions of people—both young and old—could be wiped out financially.
However, on the flip side, he sees this to be good news for the gold prices, silver and Bitcoin. “Good news. Gold will go to $25,000. Silver to $70. Bitcoin to $500 k to $ 1 million,” Kiyosaki said in a tweet.
Warning bell
Robert Kiyosaki's comments follow the soft demand for the $16 billion sale of 20-year bonds by the US Treasury Department, which reinforced the view that investors are shying away from US assets. This, in turn, pushed the bond yields on the 20-year debt to 5.127%, the highest since November 2023.
Investor sentiment has already been fragile since Moody's late last Friday downgraded the credit rating for the US, stoking concerns about the country's $36 trillion debt pile. On top of this, investors are fearful that U.S. President Donald Trump's efforts to push through a tax-cutting bill could worsen the debt load by $3 trillion to $5 trillion.
Rising bond yields are a red flag because they can lead to higher interest rates across the board—for mortgages, auto loans, and credit cards—potentially slowing down the broader economy.
Against this backdrop, Kiyosaki warned, “WHAT if you threw a party and no one showed up? That is what happened yesterday. The Fed held an auction for US Bonds and no one showed up. So the Fed quietly bought $50 billion of its own fake money with fake money. The party is over. Hyperinflation is here. Millions, young and old to be wiped out financially.”
The impact of the rising yields was visible in a stocks and bond selloff last evening in the US stock markets and also in India today, with both BSE Sensex and NSE Nifty crashing over 1% in intraday deals.
While Kiyosaki’s predictions may sound extreme, they reflect growing anxieties about America’s ballooning debt. Whether his forecast of hyperinflation and surging gold prices materialises or not, it highlights the need for investors to be cautious of the evolving global economic environment.
Disclaimer: This story is for educational purposes only. The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.