As a long-term investor and avid reader of Robert Kiyosaki’s “Rich Dad Poor Dad” series, I have learned to trust his financial insights gained from his unique perspective shaped by his experiences with his “Rich Dad” and “Poor Dad.” His recent prediction regarding the potential price rise of gold, silver, Bitcoin, stocks, and real estate under a potential second term for President Trump resonates deeply with my beliefs.
Robert Kiyosaki, the acclaimed writer of the “Rich Dad Poor Dad” collection of personal finance books, has proposed that Bitcoin, along with gold and silver, may experience a price increase if Donald Trump gets re-elected as President.
As an analyst, I’d interpret the author’s perspective as follows: According to the popular writer, President Trump aims to devalue the U.S. dollar, our country’s fiat currency, to boost exports beyond imports. Consequently, this weakening of the dollar is expected to result in a job market recovery and an increase in asset values.
Kiyosaki noted that Trump is expected to enhance oil production, a move that could result in lower oil prices, contrasting with President Biden’s actions. According to the author, Biden’s initial decision to cancel the Keystone XL pipeline caused oil prices to surge.
According to market statistics, the cost of a barrel of oil hovered around $50 in January 2021 when Biden announced the cancellation of the Keystone XL pipeline construction. Since then, the price has climbed up to $120 before dipping down to its present value of $78. The bestselling writer emphasized that escalating oil prices have contributed significantly to inflation, negatively impacting the economically disadvantaged and middle class populations.
In his statement, Kiyosaki noted that a weaker dollar would not only lead to job creation and new opportunities but also cause an increase in the values of gold, silver, Bitcoin, stocks, and real estate.
Based on my analysis, I anticipate that the price of gold will increase from $2,400 an ounce to $3,300, and the price of silver will climb from $29.00 an ounce to $79.00, while Bitcoin’s value is expected to rise from $67,400 per coin to $105,000 by August 2025.
Robert Kiyosaki is a renowned financial instructor, businessman, and the successful writer behind “Rich Dad Poor Dad,” a groundbreaking book published in 1997 that has significantly influenced personal finance literature.
As a researcher studying the realm of personal finance, I’ve come across an intriguing comparison in Robert Kiyosaki’s book. He introduces two influential figures in his life: his “Rich Dad,” who was a shrewd businessman, and his “Poor Dad,” a well-educated individual with conventional views on money. By presenting these contrasting perspectives, Kiyosaki provokes thought about the commonly held beliefs regarding finance, investing, and financial literacy.
For the past three years, Kiyosaki has expressed his doubts about the Federal Reserve’s economic strategies, especially during times of crisis. He has repeatedly urged his large social media audience to protect their assets from expected rising inflation by purchasing silver, gold, and Bitcoin.
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2024-07-24 01:44