Robert Kiyosaki Warns of Impending Stock and Bond Market Crash

Introduction

Robert Kiyosaki, the renowned author of the best-selling book "Rich Dad Poor Dad," has once again issued a warning about the imminent crash of the stock and bond markets. Despite the market's upward trajectory, Kiyosaki is urging people not to be deceived by the apparent strength of the economy. In fact, he believes that the next crash could potentially lead to a depression.

Robert Kiyosaki's Latest Market Crash Warning

Robert Kiyosaki, the co-author of the highly acclaimed book "Rich Dad Poor Dad," has been vocal about his concerns regarding the stock and bond markets. Since its publication in 1997, the book has remained on the New York Times Best Seller List for over six years and has been translated into more than 51 languages, with over 32 million copies sold across 109 countries.

Taking to the social media platform X, Kiyosaki recently stated, "The stock market is climbing higher and higher. Suckers actually believe the economy is strong. Don't be fooled. The Magnificent 7 financed by U.S. government dollars keeps the stock market up." He went on to caution his followers about the impending crash of the stock and bond markets.

The Magnificent 7 Stocks

Kiyosaki refers to the Magnificent 7 stocks, which are the seven mega-cap tech companies: Tesla, Meta, Alphabet, Amazon, Apple, Microsoft, and Nvidia. These companies, fueled by government funds, have been instrumental in propping up the stock market.

Repeated Warnings and Lack of Trust

Kiyosaki has consistently expressed his lack of trust in various institutions, including the Federal Reserve, the Biden administration, the Treasury Department, and Wall Street bankers. He firmly believes that these entities, along with misguided leadership, will ultimately drive the U.S. economy into a depression and potentially spark another war. He initially warned about the possibility of a depression in December of last year.

Bitcoin as a Safe Haven

Highlighting the increasing national debt, Kiyosaki has been advising investors to consider purchasing bitcoin. He sees the cryptocurrency as a safeguard against wealth erosion caused by the devaluation of traditional currencies. In light of the U.S. Securities and Exchange Commission's approval of spot bitcoin exchange-traded funds (ETFs), Kiyosaki has revealed that he has further increased his bitcoin holdings. He predicts that bitcoin will soon reach $150K and advises investors to closely monitor the upcoming Bitcoin halving.

Conclusion

As Robert Kiyosaki issues yet another warning about the impending crash of the stock and bond markets, it is essential for investors to carefully consider the potential risks and take necessary precautions. The future of the economy remains uncertain, and being prepared for potential market downturns is crucial in safeguarding one's financial well-being.

What are your thoughts on Robert Kiyosaki's predictions? Share your opinions in the comments section below.

Frequently Asked Questions

What is the best precious metal to invest in?

High returns on capital are possible with gold investments. It protects against inflation, as well as other risks. As inflation worries increase, gold prices tend to rise.

Gold futures are a great idea. These contracts guarantee that you will receive certain amounts of gold at a given price.

However, futures on gold aren't for everyone. Some prefer physical gold.

They can also trade their gold easily with others. They can also sell it whenever they want.

Some people would rather not pay tax on their gold. People buy gold directly from the government in order to avoid paying taxes.

This requires that you make multiple trips to the local post office. You must first convert any existing gold into coins or bars.

Then, you need to get a stamp on those coins or bars. You then send them to US Mint. There, they melt down the coins and bars into new ones.

The original stamps are used to stamp the new coins and bars. That means that they're legal tender.

But if you buy gold directly from the US Mint, you won't have to pay taxes.

So, which precious metal would you like to invest in?

What are the 3 types IRAs?

There are three basic types for IRAs. Each type of IRA has its pros and cons. Each one will be discussed below.

Traditional Individual Retirement Account (IRA).

Traditional IRAs allow you to make pretax contributions to an account that allows you to defer taxes while still earning interest. Once you retire, withdrawals from the account are tax-free.

Roth IRA

Roth IRAs allow you after-tax dollars to be deposited into an account. Any earnings will grow tax-free. The account allows you to withdraw funds for retirement.

SEP IRA

This is similar to a Roth IRA, except that it requires employees to make additional contributions. The additional contributions are subject to tax, but earnings accrue tax-deferred. You may choose to convert the entire amount to a Roth IRA when you leave the company.

How much should precious metals be included in your portfolio?

To protect yourself from inflation, investing in physical metals is the best option. You can invest in precious metals to buy into their future value, and not just the current price. You can expect your investment to increase in value with the rise of metal prices.

If you hold on to your investments for at least five years, you will receive tax benefits on any gains. You will also have to pay capital gains taxes if your investments are sold after the five-year period. If you want to learn more about how to buy gold coins, visit our website.

What is a Precious Metal IRA and How Can You Benefit From It?

Precious metals make a great investment in retirement accounts. They have held their value since biblical times. You can diversify your portfolio by investing in precious metals, such as gold, platinum, and silver.

Certain countries permit citizens to hold their money in foreign currencies. You can buy Canadian gold bars and keep them at home. Then, when you travel to Canada, you can make the same gold bars and sell them for Canadian Dollars.

This is a great way to invest in precious metals. It's particularly helpful for people who don't reside in North America.

What Precious Metals Can You Invest in for Retirement?

It is important to know what you have already saved and where money you are saving for retirement. If you don't know how much you currently have saved, start by taking an inventory of everything you own. This should include any savings accounts, stocks, bonds, mutual funds, certificates of deposit (CDs), life insurance policies, annuities, 401(k) plans, real estate investments, and other assets such as precious metals. Take all of these items and add them together to find how much you have left for investment.

If you are under 59 1/2 you should consider opening a Roth IRA Account. Traditional IRAs allow you to deduct contributions out of your taxable income. Roth IRAs don't. However, you will not be able take tax deductions on future earnings.

You will need another investment account if you decide that you require more money. Begin with a regular brokerage.

How can you withdraw from a Precious metal IRA?

If you have a precious IRA company such Goldco International Inc. account, you may be tempted to withdraw your funds. When you sell your metals, the value of those funds will be higher than if it was kept in the account.

Here are the steps to help you withdraw money from your precious-metal IRA.

First, verify that your precious metal IRA allows withdrawals. This option is available from some companies, but not all.

Second, determine whether you can take advantage of tax-deferred gains by selling your metals. This benefit is offered by most IRA providers. Some IRA providers offer this benefit, but others don't.

Third, make sure to check with your precious metal IRA provider if there are any fees associated with these steps. It is possible that the withdrawal will be more expensive.

Fourth, keep track of your precious metal IRA investments for at least three years after you sell them. To put it another way, you should wait until January 1st every year to calculate capital gains from your investment portfolio. Fill out Form 8949 and follow the instructions to calculate how much gain you've realized.

In addition to filing Form8949, you must also notify the IRS about the sale or purchase of precious metals. This will ensure you pay taxes on all the profits that your sales generate.

Before selling precious metals, it is a good idea to consult an attorney or trusted accountant. They can help ensure you follow all necessary procedures and avoid costly mistakes.

Statistics

To qualify as IRA allowable precious metals and be accepted by STRATA, the following minimum fineness requirements must be met: Gold must be 99.5% pure, silver must be 99.9% pure, and platinum and palladium must both be 99.95% pure. (stratatrust.com)
Depending on your financial situation, most experts recommend you invest no more than 5% to 10% of your retirement funds in precious metals. (forbes.com)
SEP-IRA”Simplified employee pension” For self-employed people like independent contractors, freelancers, and small-business ownersSame tax rules as traditional IRASEP IRA contributions in 2022 are limited to 25% of compensation or $66,000, whichever is less4. (sltrib.com)
Silver must be 99.9% pure • (forbes.com)

External Links

How To

How to Open a Precious Metal IRA

Precious and precious metals are one the most sought-after investment vehicles. They offer investors higher returns than traditional investments, such as bonds and stocks. This is why they are so popular. However, investing in precious metals requires careful planning and research before purchasing. Here are the basics to help you open your precious metal IRA account.

There are two main types for precious metal accounts: paper gold and Silver certificates (GSCs), and physical precious Metals accounts. Each type has its pros and cons. GSCs, on the other hand, are more accessible and can be traded. Read on to find out more.

Physical precious metals accounts are comprised of bullion and bars as well as coins. Although this option can provide diversification benefits, there are some drawbacks. You will need to pay a lot of money for precious metals, whether you are buying, selling, or storing them. It can also be difficult to transport their large sizes from one place to the next.

Paper gold and silver certificates, on the other hand are very affordable. These certificates can also be traded online, and they are easy to access. This makes them ideal for people who don't want to invest in precious physical metals. They aren't as diverse as physical counterparts. These assets are also supported by government agencies, such as the U.S. Mint. Inflation rates could cause their value to drop.

Choose the best account for you financial situation when opening a precious metal IRA. These are some factors to consider before you do this:

Your tolerance level
Your preferred asset-allocation strategy
How long do you have to spend?
It is up to you whether you intend on using the funds short-term for trading purposes.
Which tax treatment would you prefer?
Which precious metal(s) you'd like to invest in
How liquid can your portfolio have to be
Your retirement age
Where to store precious metals
Your income level
Your current savings rate
Your future goals
Your net worth
Special circumstances that might affect your decision
Your financial overall situation
Preference between paper and physical assets
Your willingness to take risks
Your ability manage losses
Your budget constraints
Financial independence is what you want
Your investment experience
Your familiarity with precious metals
Your knowledge of precious Metals
Your confidence with the economy
Your personal preferences

Once you've chosen the right type of precious Metal IRA to suit your needs, it is time to open a dealer account. You can find these companies through referrals, word of mouth, or online research.

Once your precious metal IRA has been opened, you'll need decide how much money you wish to invest. There are different minimum deposits for precious metal IRA accounts. Some accounts will only accept $100, others will allow for you to invest as high as $50,000.

As mentioned above, you can decide how much money you want to invest in your precious metal IRA. A larger initial deposit is better if you are looking to build wealth over a longer period of time. However, a smaller initial deposit might work for you if your goal is to invest less money each month.

As far as the actual precious metals used in your IRA go, you can purchase any number of different types of investments. These are the most commonly used:

Bullion bars and rounds of gold, as well as coins
Silver – Rounds and coins
Platinum – Coins
Palladium – Round and bar forms
Mercury – Round and bar forms

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By: Kevin Helms
Title: Robert Kiyosaki Warns of Impending Stock and Bond Market Crash
Sourced From: news.bitcoin.com/rich-dad-poor-dad-author-robert-kiyosaki-warns-stock-and-bond-markets-are-about-to-crash/
Published Date: Sun, 04 Feb 2024 01:00:59 +0000