Robert Kiyosaki, author of Rich Dad Poor Dad, predicted a potential crash in gold, silver, and Bitcoin, viewing it as a buying opportunity. In a post on X, he wrote, “Gold, silver, Bitcoin may crash. GOOD. Will buy more after prices crash. Real problem is DEBT….which will only get worse. CRASHES mean assets are on sale. Time to get richer.”
Robert Kiyosaki Remains Bullish On Bitcoin, Gold, Silver
Kiyosaki has consistently voiced concerns about global debt levels and inflation, frequently advocating for Bitcoin, gold, and silver as hedges against economic turmoil. His latest statement follows financial market volatility triggered by US President Donald Trump’s decision to impose new tariffs on imports from Canada, Mexico, and China.
For further context, White House spokesperson Karoline Leavitt today confirmed that Trump would impose 25% tariffs on imports from Canada and Mexico and a 10% tariff on Chinese goods starting Saturday. She stated, “The President will be implementing tomorrow 25% tariffs on Mexico, 25% tariffs on Canada, and a 10% tariff on China for the illegal fentanyl that they have sourced and allowed to distribute into our country, which has killed tens of millions of Americans.”
TRUMP TARRIFS BEGIN: Gold, silver, Bitcoin may crash. GOOD. Will buy more after prices crash. Real problem is DEBT….which will only get worse. CRASHES mean assets are on sale. Time to get richer.
— Robert Kiyosaki (@theRealKiyosaki) January 31, 2025
The announcement caused fluctuations in global markets, with the US dollar strengthening against the Canadian dollar and Mexican peso, while Treasury yields climbed and stock indices declined.
Reports earlier suggested the tariffs would take effect on March 1 with an exemption process, but Leavitt dismissed this as “false,” stating they would be enforced immediately. She provided no update on potential exemptions.
Potential Retaliation From Canada and Mexico
Canadian Prime Minister Justin Trudeau warned of a strong response, saying, “It’s not what we want, but if he moves forward, we will also act.” Canadian officials have drafted retaliatory tariffs, including a potential tax on Florida orange juice, seemingly targeting Trump’s home state. A broader response worth up to C$150 billion is under review.
Mexican President Claudia Sheinbaum urged caution but emphasized Mexico’s readiness for talks or countermeasures. “We will always defend the dignity of our people, respect for our sovereignty and a dialogue as equals without subordination,” she said, adding that the tariffs could cost 400,000 US jobs and raise consumer prices.
Broader Trade Conflicts
Beyond North America, Trump has signaled further trade actions. Last week, he threatened 25% tariffs on Colombia over its deportation policies, though the dispute was resolved after Colombian President Gustavo Petro agreed to accept US deportation flights.
China has maintained a restrained response. Liu Pengyu, spokesperson for China’s Washington embassy, pointed to China’s cooperation with the US on fentanyl control and urged the US not to “take China’s goodwill for granted.”
Also Read: CZ Advocates Bitcoin in EU Reserves, ECB Worries About Volatility