'Global economy is crashing,' says Rich Dad Poor Dad author Robert Kiyosaki - Is this a wealth-building opportunity? | EXPLAINED

Robert Kiyosaki, author of the bestselling personal finance book Rich Dad Poor Dad, warned that the global economy was "crashing" and urged investors to take action, saying those who prepared for such a scenario could emerge stronger.

In a post on social media platform X, Kiyosaki said he had predicted the current economic turmoil in his book Rich Dad's Prophecy and claimed that readers who followed its guidance were "OK today."

"Global economy is crashing. I predicted this in my book Rich Dad's Prophecy. Those that followed the guidance in that book are OK today," Kiyosaki wrote.

Kiyosakiays market downturns create wealth-building opportunities

The investor and entrepreneur urged followers not to panic, saying it was "not too late to make changes now." He added that while many people are financially devastated during market downturns, others use such periods to build wealth.

"Please remember in every crash many people are wiped out and a few people get richer. I want you to be one who gets richer," he said.

While Kiyosaki did not specify what changes investors should make in his latest post, he has consistently advocated allocating money to hard assets such as gold, silver, Bitcoin and income-generating real estate, arguing that they offer protection against inflation, currency depreciation and financial instability.

The latest warning comes just days after Kiyosaki reiterated his bullish outlook on precious metals. In a July 18 post on X, he said "gold and silver are going to the moon," citing legendary investor Jim Rogers' outlook.

He added that he had used the recent sharp correction in both metals to increase his holdings, arguing that soaring government debt, persistent inflation and declining confidence in political leaders and central banks continue to strengthen the long-term investment case for gold and silver.

Gold and silver delivered strong gains last year

The bullish outlook follows a stellar performance by precious metals last year. Gold surged around 65 to 75 per cent, while silver rallied 130 to 144 per cent, marking their strongest annual gains since 1979.

Gold was supported by safe-haven demand, robust central bank purchases and declining real yields, while silver outperformed on the back of strong industrial demand from green technologies and artificial intelligence, a historic short squeeze and tightening supply.

Additionally, Kiyosaki has repeatedly warned of an impending global financial crisis over the years, maintaining that investors should own tangible assets rather than rely on fiat currencies.

(Disclaimer: The above article is meant for informational purposes only and should not be considered as any investment advice. ET NOW DIGITAL suggests its readers/audience to consult their financial advisors before making any money-related decisions.)