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R. Kiyosaki warns ETFs are like ‘having a picture of a gun’

R. Kiyosaki warns ETFs are like ‘having a picture of a paper gun’

Robert Kiyosaki, American entrepreneur and writer, is once again urging investors to be cautious when exploring investment opportunities.

Namely, in a July 25 post on X, the author of Rich Dad Poor Dad noted the limits of exchange-traded funds (ETFs), acknowledging their usefulness yet recommending more tangible assets.

According to Kiyosaki, investment funds make the lives of average investors easier, likely alluding to their hands-off nature, but they are no substitute for holding the real thing, being, as he calls them, “paper assets.”

“ETFs make investing easier for the average investor… so I do recommend them.… Yet an ETF is like having a picture of a gun for personal defense.”

Gold, silver, and Bitcoin ETFs are all accessible options, the writer notes, especially in times of crisis, but only if you “know the differences, and how to use them.”

Commodities take center stage

Kiyosaki’s comments echo his long-standing distrust of fiat monetary systems and pessimism regarding the future of global finance.

The writer recently noted that several major asset bubbles are on the verge of bursting, including those mentioned in his most recent tweet.

When Bitcoin crashes, he predicted, gold and silver are likely to follow. 

However, he framed the potential downturn as a buying opportunity, stating that if prices do collapse, he plans to step in and purchase more of these assets.

Bitcoin ETFs see record inflows

Regardless of Kiyosaki’s thoughts and predictions, Bitcoin spot ETFs are seeing record inflows. 

On July 24, for instance, the funds saw a combined net inflow of $227 million, with Fidelity being responsible for $107 million and pushing its total historical inflow to $12.427 billion, based on Binance data.

Currently, the total net asset value (NAV) of all Bitcoin spot ETFs stands at $154.45 billion, representing around 6.54% of BTC’s total market capitalization. 

Overall, historical net inflows across all ETFs have now reached $54.69 billion.

Featured image via Shutterstock

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