An ETF is like having a picture of a gun for self-defense, says Rich Dad Poor Dad author Robert Kiyosaki – News Air Insight

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Renowned author Robert Kiyosaki, known for his book Rich Dad Poor Dad, has once again sounded a cautionary note to investors, stating that an ETF is like having a picture of a gun for personal defense.

“For the average investor I recommend:

Gold ETFs
Silver ETFs
Bitcoin ETFsYet an ETF is like having a picture of a gun for personal defense,” Kiyosaki stated on the social media platform X (formerly Twitter).

In his recent post, Kiyosaki acknowledged that Exchange-Traded Funds (ETFs) simplify investing for the average person and recommended Gold ETFs, Silver ETFs, and Bitcoin ETFs. However, he cautioned followers to understand the limits of paper-based investments.“Sometimes it’s best to have real gold, silver, Bitcoin, and a gun,” Kiyosaki wrote, drawing a stark contrast between the security offered by tangible assets versus financial instruments like ETFs.He emphasized, “Know the differences when it is best to have real and when it’s best to have paper.”

His central message was a call to financial literacy. “If you know the differences, and how to use them….you’re better than average,” he said, underscoring the need for investors to discern when to rely on financial proxies and when to opt for actual assets.

This post builds on Kiyosaki’s long-standing advocacy for holding real assets. In earlier posts, he warned against fiat currency and the actions of central banks. “Stop saving FAKE $,” he urged followers, instead advising them to “Start saving real gold, silver, Bitcoin.”

Kiyosaki has been vocal about his concerns over the Federal Reserve’s approach to economic crises.

“Every time the US Fed faces trouble, they PRINT fake $,” he wrote previously, citing instances from the 1987 market crash to the COVID-19 pandemic and recent banking turmoil.

Reiterating his belief that the financial system is headed for turmoil, he had earlier warned that “The Biggest Crash in history is coming….soon.”

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)





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