Robert Kiyosaki warns of ‘major crash’ in bond market

Robert Kiyosaki, author of Rich Dad, Poor Dad, warns investors that the bond market, which is much larger than the stock market and seeing its biggest crash since 1788. The personal finance Guru said in a tweet that the real problem is in the bond market, and he believes that a major crash will come. Kiyosaki had warned that inflation could lead to depression, and foreclosures are up 700% compared to last year.

Why It Matters: Bond markets have historically reacted negatively to interest rate hike news. In times of excessive market panic, Gold has been a life-saver as funds are diverted to the safe-haven asset. If there is a recession in the U.S. and stock prices continue to be under pressure in the medium term, the yellow metal could provide some relief.

Kiyosaki is buying more Gold and Silver and is waiting for Bitcoin BTCUSD prices to fall further.

Photo: created with an image from Gage Skidmore via Wikimedia.