Robert Kiyosaki: ‘Biggest Crash in World History’ Hits in October – Prepare for the Crash

The second largest property developer in China, Evergrande, has been rocky recently and the whole market has noticed it. The default of the developer is looming over the market.

Robert Kiyosaki is the author of “Rich Dad Poor Dad” and a big name in the financial world and he predicts that the default of Evergrande is going to lead to a major economic crash. In a tweet he said:

“HOUSE of CARDs coming down. Real estate crashing with stock market, China’s Evergrande Group cannot pay. Valuation of properties fake. Will real estate crash spread to US? Yes.”

In an interview with Kitco News he also said, “this is going to be the biggest crash in world history.”

Not wanting to be the complete pessimist, Kiyoaski has provided some guidance on how you can protect yourself from the downturn of the economy. This comes in the form of recommending that you diversify your assets with three investments.

Robert Kiyosaki’s recommendations:

▶ Gold

When the market starts to go down, one of the first investments that starts to pay off is gold. It is also Kiyosaki’s first suggestion, an easy safe haven that you can seek out. Gold cannot be printed and is not controlled by world governments, so it is a currency that holds its value.

Getting ahead of the pack is important as many investors will move to gold when the market starts to turn downwards. The beginning months of COVID-19 saw the price of gold drive up over $250 an ounce. An easy investment in gold includes bullion and bars but those are expensive as it involves investing in a chunk of gold all at one time.

What is easier for investors without the money at hand is investing in gold mining companies. As the need/demand for gold goes up, these mines will profit more and then your shares perform better. At the same time, investing in these means you are not investing directly in the metal, you are investing in a company that deals with the metal and there is a risk there.

▶ Silver

Silver is another one of those logical suggestions that Kiyosaki gives. It is another precious metal and trends just like gold. Silver stores value in the metal and also cannot be printed.

We are now seeing prices that are 30% higher over the last two years. Silver doesn’t show any sign of diminishing, especially with its currency use and use in certain industries.