The global economy and personal finance are issues of concern and concern to governments and citizens due to their impact on the population's quality of life. Given this reality and the difficulties the world is experiencing, the popular investor and entrepreneur, Robert Kiyosaki has issued a proclamation that has left no one indifferent: “the dollar will be toilet paper.”
What has been said is an almost scandalous statement due to the implications it has on a global scale, but the writer, known for being the author of "Rich Dad Poor Dad" finance bestseller that has sold more than 26 million copies worldwide, maintains that his conjecture is not far-fetched, because an official of the current Donald Trump administration, such as Elon Musk, has raised doubts about the existence of the United States' gold reserve.
According to the most up-to-date data from the World Gold Council, The northern country is the world leader with the largest gold reserves, with 8.133,46 tons in its possession. With a price per ounce of over $3.000, its all-time high at the time of writing, this precious metal is one of the most highly valued assets today, and its weight in U.S. reserves has put analysts and financiers on alert.
The story behind Kiyosaki's statement
Kiyosaki's controversial statement was not said randomly, but based on the statement given by Musk, in which he assured that the Trump Administration He was given the task of verifying that the gold wealth estimated to be in the country's possession is actually in the warehouse at Fort Knox, the military installation where the Treasury Department's Bullion Depository is located, located in Kentucky.
Expressly, the owner of Tesla and SpaceX He addressed the precious metal's reserve at the Conservative Political Action Conference, saying: "It's the public's gold. It's their gold. So, I think they have the right to see it, to take a tour. I think a tour should be done."
After those words that denote doubt about the existence of more than 8.000 tons of gold, Kiyosaki ventured the question: ““What would happen if Trump discovered that the gold was missing from Fort Knox?”
In answering his own question, the renowned writer first stated: “I doubt there’s any gold missing. I want to believe the gold is there, but what if it’s missing?” There he pointed out that not only would the American economy collapse, but the world as we know it would cease to exist, because the collapse of the dollar would drag all countries into an environment of poverty and need.
“The US economy would collapse, the dollar would plummet, the world would be in chaos, and inflation would wipe out millions of people, families, and businesses,” He indicated while launching one of his most apocalyptic statements: "The US dollar will be toilet paper"" of running out of gold at Fort Knox, because it would destroy confidence in the currency, generating its devaluation and high inflation.
Bitcoin as an alternative
Amid the bleak outlook Kiyosaki described, the investor shed light on what he has done to try to weather the worst-case scenarios for the U.S. and global economies. “Just in case there is a shortage of gold (from the United States reserve), I have gold, silver and bitcoin”, Assured.
In this way, the world confirmed that the renowned businessman is a holder of the main virtual currency of the crypto market, BTC, and values it as a potential dominant asset in a post-dollar era.
A few months ago, Kiyosaki had already recommended taking refuge in his favorite assets, due to the global imbalances and US political instability that are impacting the economy. “What I tell people is that there is gold, silver, Bitcoin and also lithium. This is the money of the future right now. This is the future that will save the economy through batteries.” he maintained.
Now that you mention Bitcoin again, a cryptocurrency considered by many to be “digital gold", since it is scarce and its mining is decentralized, that is, not controlled or regulated by banks or governments, it should be remembered that last January this currency reached its highest historical price $109.241 per unit, and currently the BTC price is listed at just over $86,500.
Financial education
The writer of “Rich Dad, Poor Dad” He has spent years making predictions and giving recommendations to anyone who will listen.
In his speeches and writings, he advocates for the investment diversification, which involves the purchase of assets such as precious metals and Cryptocurrencies to protect against inflation and the instabilities of the economy.
In addition, he has emphasized that people educate themselves about finances, as it is the most efficient way to achieve Financial Freedom.
