Rich Dad's Kiyosaki's Recession Preparation: "Buy Gold, Silver, and Lithium"

"Buy Before FED Policy Shift," Experts Argue

Robert Kiyosaki, the author of the globally popular personal finance book "Rich Dad Poor Dad," identified three investment products for the new year: gold, silver, and lithium. He also advised that although a global recession is imminent, it could actually present a buying opportunity for investors.

The cryptocurrency specialized media outlet "Pinbold" quoted Kiyosaki on the 1st (Korean time), stating, "The global economy has already entered a recession phase, and gold, silver, and lithium are emerging as major investment products."

On the same day, Kiyosaki warned of the impending recession through his Twitter account. He said, "This global recession is more dangerous than the Great Depression of the 20th century," adding, "As countries worldwide enter a recession phase, bankruptcies, unemployment, homelessness, and retiree ratios are increasing."

He further predicted, "A rough landing is inevitable for the future economy." A rough landing refers to a sudden economic downturn accompanied by a contraction in financial markets.

The assets he recommended to prepare for the recession were gold, silver, and lithium. He said, "I attended the Vancouver Resource Investment Conference, and the most popular investment products currently are gold, silver, lithium, and copper," adding, "They will bring tremendous wealth to investors in the future."

Gold and silver are traditional safe-haven assets, while lithium and copper are essential raw materials used in manufacturing secondary batteries, energy storage devices, and electronic equipment.

However, he noted that the situation could reverse if the U.S. Federal Reserve (FED), which has been implementing monetary tightening policies to curb soaring inflation over the past year, makes a "pivot" (policy shift).

He stated, "During the period of aggressive interest rate hikes, the prices of gold and silver fell, but if the Fed pivots, the situation will change," and argued, "Investors should hurry to buy gold and silver before the monetary policy shift." This implies that now could be the bottom price for these two assets, making it a good opportunity for bargain buying.

Kiyosaki emphasized, "Low-income and middle-class Americans are falling deeper into toxic debt and becoming poorer," adding, "You must not become poor. Even small investments can provide an opportunity to become wealthy."

Meanwhile, Kiyosaki is an investment expert, author, and personal finance educator who co-authored "Rich Dad Poor Dad" with Sharon Lechter in 1997. The book draws on Kiyosaki's personal experiences to analyze how to invest wisely and the mindset needed to become wealthy.