Robert Kiyosaki Predicts Another Bank Will Close, Causes Surge in Gold and Silver Prices
According to reports, Robert Kiyosaki, author of \”Rich Dad and Poor Dad\”, said in a social media article that after the collapse of Silicon Valley Bank and the
According to reports, Robert Kiyosaki, author of “Rich Dad and Poor Dad”, said in a social media article that after the collapse of Silicon Valley Bank and the voluntary liquidation of Silvergate Bank, another bank was about to close down, but he did not disclose the name of the third bank facing difficulties. In addition, he also predicted that once the third bank had problems, the price of gold and silver might rise, and ETF products might face difficulties, Robert Kiyosaki predicted the collapse of Lehman Brothers in an interview with CNN in 2008.
Rich Dad Poor Dad Author: The third American bank is going to fail
Analysis based on this information:
Author of the bestseller “Rich Dad and Poor Dad,” Robert Kiyosaki, recently declared another bank might collapse. However, Kiyosaki did not reveal the name of the banking institution in question. Kiyosaki made his announcement in a social media post, stating that after the collapse of two other banks, i.e., Silicon Valley Bank and Silvergate Bank, another bank was on the verge of bankruptcy. Kiyosaki has a track record for predicting market crashes, such as the infamous collapse of Lehman Brothers in the 2008 recession. Therefore, many investors are taking his warning seriously.
Kiyosaki’s prediction has serious implications for the market, specifically for ETF products and gold and silver prices. He believes that the collapse of the third bank will cause a massive surge in the prices of precious metals, and ETF products could face difficulties. This is not the first time Kiyosaki has talked about the rise of gold and silver prices.
The price of gold and silver has risen in recent months, with investors seeking refuge from the economic uncertainty created by the COVID-19 pandemic. Kiyosaki’s announcement could potentially add more fuel to the fire and cause gold and silver prices to rise even further.
ETF products are securities that allow investors to buy or sell an entire portfolio of stocks and other securities in a single transaction. These products can be a way for investors to gain exposure to precious metals without physically owning them. However, if Kiyosaki is correct, ETF products tied to banks could face difficulties leading to a panic sell-off.
In conclusion, Robert Kiyosaki’s announcement created a lot of speculation in the market, and investors will have to wait to see if his prediction is correct. His warning has caused many to rethink their investment strategies and consider investing in precious metals as a safe haven for their money. The collapse of another bank could have severe consequences for the market, and Kiyosaki’s announcement has caused many to take note.
Keyword List: Robert Kiyosaki, Banking Collapse, Gold, Silver, ETFs.
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