Rich Dad Predicts “Giant Crash” — Is This Your Best Hedge?

“Giant crash coming,” warns Rich Dad Poor Dad author Robert Kiyosaki. “Get into real gold, silver & Bitcoin ASAP. Take care. End of fiat (fake) money near.”

While a lot of people like the Rich Dad Poor Dad books, Kiyosaki has become something of a doomsayer and goldbug over the past decade. He’s constantly warning his audience about the “impending collapse.” And telling readers to load up on bullion.

While technically not the worst investment ever, gold is pretty lackluster.

Additionally, goldbugs and permabears conveniently ignore:

• Essential businesses: I have visited some extremely poor countries. All of them had money for tanks and guns. Is the U.S. Military disbanding? What about toothpaste? Running water? Electricity? Toilet paper? Are these businesses going under?
• Well-run companies: You can’t go bankrupt if you have no debt. Also, many value stocks already trade at low PE ratios. So there isn’t much room for a massive, long-term price decline.
• Quality dividend stocks: With dividend stocks, you’re paid to wait. And dividend investors holding quality businesses will continue collecting passive income, even in a flat market.