ILLUSTRATION. Leading US financial writer and investor Robert Kiyosaki. Source @theRealKiyosaki
Source: Yahoo Finance | Editor: The novice Laoli
KONTAN.CO.ID – JAKARTA. Leading financial writer and investor Robert Kiyosaki predicts that there will be the biggest crash in financial markets and the biggest in world history this October 2021.
According to him, the biggest market crash was triggered by a debt default by the second largest property company in China, Evergrande.
Launch Yahoo Finance, Monday (4/10), the most popular book author Rich Dac Poor Dad this predicts Evergrande’s default could seep into global stock markets.
“Cartoon houses are down. Real estate is going down with the stock market,” Kiyosaki tweeted last week. “China’s Evergrande Group can’t pay. False property valuations. Will the real estate meltdown spread to us? Yes,” he continued.
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Kiyosaki also said on Kitco News on Wednesday that there will be the biggest crash in world history. To anticipate this, Kiyosaki provides a number of suggestions to investors.
Kiyosaksi proposes to invest in the following three assets.
1. Gold
Saving gold is the simplest investment for Kiyosaki. For centuries, gold has been a sensible asset.
Gold cannot be printed like paper money. The value of gold is also largely unaffected by economic events around the world.
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He said investors are often in a hurry to buy gold when a crisis occurs which triggers an increase in gold prices.
2. Silver
Just like gold, silver can be an alternative investment to protect the value of wealth against rising interest rates and inflation.
Gray metal may not seem exciting, but it can be a very effective grip during times of uncertainty. Over the past two years, the price of silver has increased by more than 30%.
