Robert Kiyosaki Warns of Impending US Dollar Demise: BRICS Nations to Introduce Gold-Backed Currency, Fueling Inflation Surge

B. Ali
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Robert Kiyosaki, the well-known author of the influential book “Rich Dad Poor Dad,” has raised concerns about the future of the US dollar. According to Kiyosaki, some significant challenges could be ahead for the US currency.

He suggests that the BRICS nations (Brazil, Russia, India, China, and South Africa) are about to introduce a gold-backed currency that will likely weaken the US currency. This could lead to a bulk of US dollars returning to the country, causing high inflation rates in the United States.

Basically, Kiyosaki believes that the value of the US dollar may decrease, leading to rising prices and economic instability as a result of this. But keep in mind, these predictions are just one person’s opinion, and the future outcome might turn out differently.

Robert Kiyosaki’s Perspective on the Proposed BRICS Currency and its Potential Impact on the US Dollar

Robert Kiyosaki, the co-author of the incredibly popular book Rich Dad Poor Dad, recently voiced his opinions on the proposed BRICS currency and its potential consequences for the US dollar, as we all are well aware that BRICS nations include Brazil, Russia, India, China, and South Africa. It is worth recalling that Kiyosaki’s book has been a bestseller for over six years, selling more than 32 million copies worldwide.

According to Robert Kiyosaki, if the BRICS nations come up with their currency, it could impact the US dollar’s value. This is a big deal because the US dollar is currently a major player in the global currency market. Kiyosaki’s viewpoint fuels the ongoing conversation about what lies ahead for international currencies.

Excitement Grows Over Potential BRICS Currency Backed by Gold

There is a lot of excitement about the potential introduction of a new currency by the BRICS economic bloc. Some reports suggest that this currency could be backed by gold, but there have been no official statements from BRICS officials yet.

However, it’s important to note that BRICS officials have made no official statements regarding this proposed currency, and there’s no confirmed information about its gold backing.

While the concept of a new currency from the BRICS nations is intriguing, it’s wise to wait for official announcements before drawing definite conclusions.

Robert Kiyosaki Advises Investors to Buy Gold, Silver, and Bitcoin

In a recent tweet, Robert Kiyosaki predicted that the US dollar would collapse, causing massive trillions of dollars back to the United States. He believes this will happen because he expects the BRICS nations to announce a gold-based currency during their summit in August.

In the meantime, Kiyosaki warned that inflation would skyrocket as a result. His recommendation for investors is to buy gold, silver, and bitcoin, which he often suggests as a hedge against economic uncertainty.

This is not the first time Robert Kiyosaki has expressed concerns about the BRICS nations challenging the United States and its currency. In April, he warned that a massive amount of money, in the range of quadrillions of dollars, could return to the US, potentially leading to hyperinflation. Kiyosaki believes that such a scenario could have significant consequences.

Robert Kiyosaki Predicts Bitcoin Price Surge and Clarification on BRICS Currency Announcement

Robert Kiyosaki, a well-known author, has been recommending gold, silver, and bitcoin for long, especially during unstable times. In a recent tweet, he mentioned that he expects the price of Bitcoin to reach $120,000 next year.

This prediction aligns with a revised forecast by Standard Chartered, a banking giant, suggesting that BTC could hit $50,000 this year and $120,000 in 2024.

Kiyosaki has also made his predictions of gold, silver, and bitcoin prices. He stated earlier this year that by 2025, BTC will reach $500,000, gold will hit $5,000, and silver will reach $500.

Despite expectations of a common BRICS currency announcement at the August summit, the vice president of the BRICS Bank clarified that creating a currency to rival the US dollar is a long-term goal. He emphasized that currently, no one is suggesting the formation of an alternate currency by the BRICS nations.

About B. Ali PRO INVESTOR

Live webinar speaker and derivatives (Forex, Crypto, and Indices) analyst with a broad range of skills for evaluating financial data, investment trends, technical analysis, fundamental analysis, and the best ways to strategies investment selection.  Expertise: Trading Psychology; Speculative Positioning & Market Sentiment; Technical & Fundamental Analysis.