Rich Dad Poor Dad author Robert Kiyosaki is warning that a market collapse is in sight as the conflict in the Middle East enters its third week.
In a new post on X, the best-selling personal finance author says he’s looking at the strategy of legendary investor Warren Buffett, who has amassed $373 billion in cash for Berkshire Hathaway before stepping down as its CEO.
“CASH is not TRASH in a CRASH.
Q: Why has Warren Buffett sold stocks and bonds and is sitting with billions in cash?
A: Because he is ‘keeping his powder dry’ a.k.a. He is in CASH so he can buy priceless assets….after the crash when they are on sale.
Q: Should you follow in Buffett’s footsteps?
A: I do not know. What you do with your money is up to you.”
Kiyosaki says he’s been gobbling up four assets, believing that they would eventually soar in price after the expected collapse.
“Last week, I took millions in cash and purchased more oil wells, more gold, silver, and Bitcoin.
I doubt Warren Buffett would do what I do.
The more important question for you is, what are you going to do?
If you do not have a plan for your cash during a crash, the smartest thing you may consider doing is nothing.
I am confident that after a giant crash, the price of gold, silver, and Bitcoin will go up… and I know I could be wrong.
I am confident as long as Iran keeps shooting oil tankers in the Strait of Hormuz, the price of oil from my Texas oil wells keeps going up.
Could I be wrong?
Yes.
But if I am wrong, I still have cash flow from my real estate and businesses.”
Disclaimer: Opinions expressed at CapitalAI Daily are not investment advice. Investors should do their own due diligence before making any decisions involving securities, cryptocurrencies, or digital assets. Your transfers and trades are at your own risk, and any losses you may incur are your responsibility. CapitalAI Daily does not recommend the buying or selling of any assets, nor is CapitalAI Daily an investment advisor. See our Editorial Standards and Terms of Use.