In order to prevent a collapse in the pension industry in the United Kingdom, the Bank of England recently purchased £19.3 billion worth of bonds issued by the United Kingdom government.
Robert Kiyosaki, author of Rich Dad, Poor Dad, sees that as a message that one should purchase three alternative assets in particular at that time. In a recent tweet, he makes the following statement: “Bank of England pivot means purchase more GSBC,” where GSBC stands for gold, silver, and bitcoin.
“When pensions came close to collapsing, it revealed that central banks are unable to fix… INFLATION. G&S has long been an investment for pension funds. Investing in Bitcoin is increasingly being done by pension funds. They are aware that fake money, stocks, and bonds are doomed.
Bitcoin, gold, and silver aren’t exactly the most foolproof investments, that much is obvious.
The following is a more in-depth look of those assets, as well as what Kiyosaki recommends you do to circumvent the limits imposed by them. Golden and silver bullion
The purchase of precious metals, particularly gold and silver, is a common strategy for protecting oneself against inflation and the unknown. They cannot be created out of thin air like fiat money, and their value is mainly unaffected by the economic happenings that occur in different countries all over the world.
Gold has always been one of Kiyosaki’s favorite commodities, and he made his first purchase of the precious metal in 1972.
During the course of the previous year, he stated in an interview that “I’m not purchasing gold because I like gold; I’m buying gold because I don’t trust the Fed.”
Kiyosaki likes silver, too. In point of fact, he just recently tweeted that “silver is the finest investment in October 2022” and that “everyone can afford $20 silver.”
There is no denying that precious metals are not exempt from the widespread selling that has been going on throughout this year. In the year 2022, the price of gold has decreased by almost 4%, while the price of silver has decreased by roughly 9%.
Kiyosaki believes that the best method to obtain exposure to gold and silver is to merely buy the metals themselves, despite the fact that there are numerous different ways to do so. In the beginning of this year, he stated in a tweet that he is only interested in “actual gold or silver coins,” not ETFs.
In recent times, the author has referred to silver as “a bargain.” Therefore, it could be time for you to pay a visit to the bullion shop in your area.
Bitcoin investors have been forced to learn the hard way just how unpredictable the cryptocurrency can be.
Bitcoin reached its all-time high of $68,990 in the month of November 2017. The current value is somewhere around $16,750.
However, Kiyosaki mentions pension money as a possible driving force behind the creation of the most valuable cryptocurrency in the world. In a recent tweet, in which he also shared an article from Forbes titled “Your State Pension Is Now Gambling On Cryptocurrency,” he made the observation that “pension funds are the greatest investment enterprises in the world.”
According to a survey conducted by the CFA Institute in 2022, which was mentioned in the article, 94% of state and government pension plans had already invested in cryptocurrency.
There are a variety of entry points available for using bitcoin. You have the option of buying the cryptocurrency directly, investing in exchange-traded funds (ETFs) based on bitcoin, or owning shares of firms that have correlated their value to bitcoin.
A side hustle
Although Kiyosaki is a fan of gold, silver, and bitcoin, he did not imply that owning these assets would be sufficient for adequate protection.
According to what he has said, “Gold, silver, and Bitcoin may secure your WEALTH…but not your INCOME.”
However, the author also offers a remedy to the problem.
“A SIDE HUSTLE may provide you with income even as the economy is collapsing, stock markets are collapsing, pensions are collapsing, and unemployment is rising,”
A side hustle is an additional source of income that you pursue in addition to your primary source of income. It gives you the opportunity to generate more revenue, and it might even provide you the opportunity to test the waters of being an entrepreneur.
“Who is to say? Kiyosaki thinks that your side business has the potential to become the next Amazon or Bitcoin.
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