Amid his repeated warnings of an upcoming crash of multiple markets, renowned investor and author of the best-selling personal finance book ‘Rich Dad Poor Dad,’ Robert Kiyosaki, has shared what he believes are the best investments for 2024.
Specifically, in Kiyosaki’s view, commodities and resources are the superior investment in 2024, and the best conference to learn more about this asset class is the Vancouver Resources Investor Conference (VRIC) on January 20-21, as he explained in an X post on January 7.
Indeed, this conference holds special importance for the finance educator as he will be one of the guest speakers there, in addition to attending it for his own learning experience, as Kiyosaki himself acknowledged while urging his followers to attend.
Picks for you
As a reminder, the ‘Rich Dad’ author is one of the most well-known commodities enthusiasts, particularly holding gold, silver, Wagyu cattle, and Bitcoin (BTC) in high regard and as suitable replacements for fiat money, which he considers as having no value – especially the United States dollar (USD).
In late 2023, he also expressed the view that “America’s economy is in serious trouble” due to, in part, the USD losing its position as the global reserve currency, but also hyperinflation, a nationwide central bank digital currency (CBDC), and the behavior of the US government.
State of commodities in 2024
Meanwhile, the senior Bloomberg commodities expert Mike McGlone said that commodities were tilting toward a great reset in which gold was rising, and most of its competitors were falling, with the “risk of that trajectory accelerating in 2024,” as Finbold reported on December 28.
More recently, McGlone opined that “gold may have the upper hand in 2024 vs. hyped Bitcoin” over the cryptocurrency community’s expectation of the US Securities and Exchange Commission (SEC) approving its first spot Bitcoin exchange-traded fund (ETF) in the US.
At the same time, he has been warning of a ‘great reset’ and a severe recession looming for the US economy in 2024 as the result of a combination of factors, including an aggressive monetary policy tightening, a strong labor market, and other metrics, like consumer spending and income.
Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.
