Robert Kiyosaki, author of the popular book “Rich Dad, Poor Dad,” warned investors about the significant increase in the yield on one-month U.S. Treasury bonds. In a tweet, Kiyosaki expressed his concern at the recent rise in returns, questioning whether this means that the world banking system is collapsing. He advised his followers to invest in safe-haven assets such as gold, silver and Bitcoin. Here are the details…
Gold, BTC and silver commentary from Kiyosaki
Kiyosaki’s comments came just after the US Treasury Department sold the one-month bonds with the highest yield ever. The government sold $50 billion in four-week securities with a record return of 5.84 percent, the highest for any Treasury bond issue since 2000. This development came as a shock to the financial sector. It also pointed to a growing fear among investors.
OMG. “The best collateral “ in the world, the 1 month T-Bill went up by 100 basis points. Does this mesn the world banking system is collapsing?
So much for all those experts who recommended 1 month T-Bills. Stick with Gold, Silver, Bitcoin, and home defense now….not tomorrow.— Robert Kiyosaki (@theRealKiyosaki) May 7, 2023
Record returns show investors are increasingly risk-averse and seeking safety in low-risk investments. The Treasury’s record yield on one-month bonds indicates investors are willing to pay high premiums for short-term securities despite the risky environment. Market participants are diverting their funds to safe-haven instruments such as U.S. Treasury bonds to protect their portfolios in the event of a real meltdown and a possible meltdown if the market turns upside down.
The author warns of a possible collapse
Kiyosaki’s tweet also raised the alarm about a possible collapse, describing it as a “financial epidemic” that had already begun. The author has always been on the rise when it comes to gold. He advised investors to stick to gold and other safe-haven assets such as silver and Bitcoin. Spot gold was trading at $2,020 an ounce, up 0.17 percent during Asian trading Monday morning. However, SPDR Gold Trust and iShares Gold Trust closed Friday with losses of over 1.5%.
The rise in the Treasury’s yield and Kiyosaki’s warning highlight the growing unease among investors about the current economic situation. The ongoing debt ceiling impasse is creating uncertainty, and US Treasury Secretary Janet Yellen has warned that the government could run out of cash as early as June. Rising inflation, disruptions in the supply chain and geopolitical tensions make this even more difficult.
What does Kiyosaki’s tweet mean?
Kiyosaki’s tweet sparked controversy among investors and experts. Some think that Kiyosaki’s warnings are exaggerated and that the current situation is just a jolt. Others point out that the author was right and investors should be cautious. Some experts also pointed out that Kiyosaki has an interest in promoting gold and other safe-haven assets since he owns a gold mining company.
As a result, the increase in the Treasury’s yield shocked the financial sector. Investors are increasingly becoming risk averse and seeking safety in low-risk investments. Kiyosaki’s warning of a possible collapse and his advice to invest in safe havens sparked debate among investors and experts. It is not yet clear how the situation will develop, but investors should be cautious and follow developments closely.
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