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Back to October 2021

Personal finance expert and author of the bestselling book ‘Rich Dad Poor Dad’, Robert Kiyosaki, is predicting a major global market crash is coming in October. How can investors prepare for this possible downturn? Could this be a unique opportunity to buy? Read on to find out.

Biggest crash in history

During an interview with Kitco News, Robert Kiyosaki stated that he believes that October will see one of the biggest market crashes in the history of the world, with growing debt being the major factor.

“It’s going to be the biggest crash in world history. We have never had this much debt pumped up. Debt is the biggest problem of all…the debt to GDP ratio is out of sync. So, when it comes down, it’s going to bring everything down with it.” Mr Kiyosaki said.

Kiyosaki’s view is that the crash will occur due to the stock market being artificially inflated by the Federal Reserve and Treasury, and that their decisions are disconnected from the current state of the US economy. Last week, he tweeted that the “house of cards” is falling, that real estate would crash with the stock market and the impact from the implosion of China’s Evergrande Group would spread.

A great investment opportunity?

While a huge market crash could spell disaster for many investors, could this possible looming doom actually be an opportunity for smart investors? 

Whether or not Kiyosaki’s market prediction for October is realised, he is far from the only commentator to predict a crash on the horizon. And although Kiyosaki believes that this next crash may bring down everything with it, he also said that it could be a great investment opportunity. The finance expert provided some suggestions on how to prepare for the downturn and was very optimistic about the recovery of three main assets: Gold, Silver, and Bitcoin.

Kiyosaki recommended holding these assets as he believes they could possibly retain more of their value and can be more easily converted into cash if needed during a downturn.

A store of value and hedge against inflation and rising interest rates, gold and silver have both risen in price dramatically in the long term. The main go-to safe haven assets for many centuries, physical gold and/or silver are the first port of call time and time again for investors during a crisis. Most recently during the first few months of 2020 at the height of the pandemic, investors flocked towards precious metals, increasing demand hugely.

So, could it make sense to get ahead of the pack and buy right now?

As always, we can’t 100% foretell what will happen, but in our opinion, there is never a bad time to buy gold and silver. Physical bullion is more than some ones and zeros in a computer, or a piece of paper with a promise of value – coins and bars are real tangible assets you truly own. And for many, nothing says security like precious metals.

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This blog represents one person’s opinion only. Customers should conduct their own research and take advice before making an investment. We do not offer investment advice.

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