Kiyosaki warns bonds, stocks and fiat could collapse

Robert Kiyosaki warned in a July 9 post on X that assets based on institutional trust could be destroyed in a future crash. He listed U.S. bonds, some stocks, exchange-traded funds, mutual funds, 401(k)s, IRAs and Australia’s Superannuation as at risk and included major fiat currencies such as the dollar, euro, yen and peso. He recommended holding gold, silver, oil and bitcoin instead.

Kiyosaki, author of Rich Dad Poor Dad, referenced a book titled The Entrooy Trap in the post and wrote: “Any asset that requires ‘trust’ will be destroyed in the coming crash and possible Depression.”

He wrote that since 1965 he has focused his personal holdings on assets he views as not requiring institutional trust, naming gold, silver and oil. He has also described bitcoin as a long-term holding and an alternative to government-issued money, citing its limited supply.

Financial professionals classify the products Kiyosaki targeted in different ways. Stocks and ETFs are commonly used for ownership and diversification, bonds are debt instruments for income and capital preservation, and retirement accounts typically hold mixes of these investments. U.S. Treasury securities remain a large part of global markets and are often treated as lower risk among fixed-income options.

Supporters of gold, silver and oil point to physical supply as a feature that can preserve value when confidence in institutions weakens. Backers of bitcoin emphasize its capped issuance. Critics note that commodities can be volatile and that bitcoin has experienced large price swings and regulatory uncertainty.

In the post Kiyosaki also warned that wealth can shift in a severe downturn and wrote: “As I have been warning for years, those who are rich today will be tomorrows poor … I believe tomorrow has arrived. Its now today.”

Analysts and investment professionals point to factors such as bond yields, equity valuations, inflation, commodity prices and cryptocurrency adoption as influences on how assets perform under economic stress. Advisors continue to recommend diversification, assessing risk and matching investment choices to an investor’s time horizon.