In his latest jab at traditional financial institutions, renowned investor and author of the best-selling finance book ‘Rich Dad Poor Dad’ Robert Kiyosaki shared his view that central banks like the United States Federal Reserve are not there to protect the regular Joe and that their primary focus is on banks.
As it happens, Kiyosaki highlighted the fact that central banks are buying gold, which does not mean fiat money is safe, but only that this way, those at the very top of these institutions are trying to save themselves from their own incompetence, as he explained in an X post on November 11.
According to him, their main goal is to “protect the banks, not you,” which is why the finance educator advised his followers to “get smart” and protect themselves from central bankers by saving precious metals like gold and silver, as well as the flagship decentralized finance (DeFi) asset – Bitcoin (BTC).
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‘Real assets’ vs. government money
Indeed, Kiyosaki’s latest recommendations to invest in the above assets echo his earlier comments, in which he argued that governments wanted war and poverty. Hence, in his view, working hard, spending wisely, and buying more gold, silver, and Bitcoin is a way to protect oneself.
As a reminder, the famous investor recently also pointed out that the rich do not work for “fake” cash like the US dollar but instead invest in “real assets” like rental properties, gold, silver, and Bitcoin, which “provide life-long financial security & freedom,” as Finbold reported on November 3.
Meanwhile, the maiden cryptocurrency was at press time changing hands at the price of $37,013, a decrease of 0.24% in the last 24 hours but still holding onto the 5.99% gain across the previous seven days and the increase of 37.83% on its weekly chart, while rallying 123.71% in 2023, as per data on November 13.
Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.
