The ‘biggest crash in history’ per Robert Kiyosaki!

Robert Kiyosaki telling us boomers to buy gold, silver and bitcoin! Below is a link I ran across, bitcoin is at an all time high so I won't buy but gold and silver, maybe! Mostly his article is about Boomers as we're gonna lose the most in this biggest crash in US history! Even if you don't believe in everything Kiyosaki says, it's still a good read, also he's been spot on with his price predictions, just sharing!

https://currently.att.yahoo.com/finance/news/kiyosaki-warns-boomers-losers-once-113300030.html

 

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Just a friendly counterpoint with helpful intention:

https://money.usnews.com/investing/articles/robert-kiyosaki-track-record-stock-market-crashes

 

I guess we'd better pay close attention to him, if he's already predicted ELEVEN of the last... zero crashes?

 

I've followed these perma-bears for decades. They make interesting arguments but like some of the guys posted....their track record is terrible.

 

Bear in mind that you can take a set of facts, apply what you want and come up with a number of different conclusions.

 

Yep, there's always a counterpoint and there's always someone in the financial world talking about "the biggest crash in history!"

 

Well, if a broken clock is right every twelve hours, and this guy has missed eleven times so far...

 

But that doesn’t mean he’ll be right this time either and I know you know that.

 

Ultimately, your track record speaks for itself. As Bill Parcells likes to say, "you are what your record says you are."

 

Thing is, if you take a few thousand people and have them guess the outcome of ten coin flips, you'll get a few who guessed right on every single one. But those "track records" don't mean they're any more likely to guess the next flip correctly.

Hopefully, an analyst will be working from good information, and will do better than chance. But, as they say, "past performance is not a guarantee of future results".

On the other hand, I still pay a lot more attention to what Warren Buffet does than I do to the YouTube channel-of-the-day, guarantee or no.

 

Bit coin has recovered very nicely but as we have all seen can be a bit volatile
right now Iam just scrapping of the FOAM and buying GOLD, but have been looking at PLATINUM as well, my LCS says its really hot right now and he cant keep it in
stock this are the plat. eagles 1OZ bullion bars you would probably have to buy off places like the bay and pay tax ):

 

I was wondering when you were going to comment on BTC again. I was a little surprised not to hear from you when it broke $100K. A little less surprised when it fell off the conversation table during its long 2022-2023 doldrums.

 

Surprised...neither Palladium nor Platinum have done anything in the last few years going back some time.

The white metals are tied to industrial/ICE use and that is on the decline it would seem.

 

Well, to be perfect honest with all the "Haters" on here when it comes to BTC was tired of wasting my breath....LOL, but currently setting at 97 and some change
who's crying now

 

In edition to its automotive industry it also has many other uses such as jewelry
and hand bags, most of biggest designers use platinum hardware such as Hermes
Michael korrs, kate spad..etc, many people buy these for investment as well.

That still counts right...LOL

 

Not many people are buying $9,000 Hermes bags !!!

The price action is telling you that they are in a stuctural bear market, not a cyclical one. BTC, gold, and silver have all risen yet the WMG has done nothing.

I think the market is saying (1) Chinese ICE demand is now in structural decline, probably 15-20 years ahead of forecasts from a decade ago and (2) Russian dumping is a possibility if the Ukrainian situation is solved.

Could silver possibly eclipse either palladium or plantinum in price in 10-15 years ?

 

I'll be really, really surprised if it happens. And even more tempted to start loading up on white metals, especially if I can swap silver for them.

Would love a set of platinum cookware, while I'm still young and strong enough to lift it.

 

I don't like it either but the price action for platinum and palladium isn't great, especially with gold and silver doing nicely the last few years.

I think both white metals go lower the next few years.

 

Fingers crossed!