A known critic of fiat money such as the United States dollar, Robert Kiyosaki is an avid investor in assets such as the flagship cryptocurrency Bitcoin (BTC), gold, and silver but also in one less-than-expected commodity – the highly expensive Wagyu cattle.
Indeed, the author of the best-selling personal finance book ‘Rich Dad Poor Dad,’ is investing in the breed of cattle native to Japan, raised in a stress-free environment, and its meat known for its unique tender and buttery flavor, with marbling rich in healthy omega-3 and omega-6 acids – hence its high price.
Specifically, during an interview with Kitco News published on February 22, 2023, Kiyosaki said he preferred assets like gold, silver, Bitcoin, and Wagyu cattle over stocks, exchange-traded funds (ETFs), and paper money, as he warned that the ‘fake’ USD was eroding the US dominance in the global economy.
“I invest in cattle, you know, Wagyu cattle. Do you know why? Because every time the cattle, that the Wagyu bull breeds, I get semen, I mean cash flow. I trust the Wagyu cattle more than Joe Biden.”
Earlier, in July 2022, the ‘Rich Dad Poor Dad’ author described how he originally arrived at the idea of investing in Wagyu beef, as shared in a Wealthion Shorts YouTube video. As he explained, it all started with a friend who moved to Wyoming and bought a large ranch:
“And he says, ‘Oh my god, I never knew there was so much money in Wagyu cattle.’ I went, ‘What?!’ (…) I was up in Wyoming inspecting this Wagyu bull, and the good thing about it is that it’s a real Japanese Wagyu bull. There are American Wagyu bulls and Japanese Wagyu bulls, (…) Wagyu is a brand like Ford or Chevy.”
End of cash?
Meanwhile, Kiyosaki projects an end to the USD’s supremacy as the world reserve currency, labeling it ‘toilet paper,’ ‘fake money,’ and ‘trash,’ and announcing that the US was no longer the ‘bully’ on the global financial ‘playground,’ warning of the possibility of hyperinflation, dictators, and murder as massive amounts of USD come flooding back to America as an ‘economic tsunami.’
As the alternatives, he has long advocated for purchasing Bitcoin, silver, and gold, even if the latter crashes to $1,000 per ounce, in a scenario predicted by the financial and investment advisor Steven Van Metre, as he argued that the markets have grown tired of waiting for the precious metal to go higher.
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