(ConservativeInsider.org) – After the collapse of the Silicon Valley Bank on Friday, March 10, many investors around the world appeared a little spooked about the safety of their money and where best to keep it. Robert Kiyosaki, who wrote “Rich Dad Poor Dad,” believes the collapse will spread quickly, likely to the Swedish bank Credit Suisse before long.
In an interview with Fox Business, Kiyosaki told listeners the “bond market is crashing” and to seek out better investments. He believes gold, silver, copper, and bitcoin are the safest place to put your money right now, as they will always be in demand. While the federal government will likely print more money to make ends meet, there will remain a limited supply of these precious metals, increasing their value, especially as more people seek to own them.
Kiyosaki believes silver is truly the best one to pick, as a Tomahawk missile has 30 pounds of it inside. So, every time a military fires one, which seems common these days, more silver is lost, raising the scarcity of the precious metal in the world.
BAIL OUTS begin. More fake money to invade sick economy. Still recommend same response. Buy more G, S, BC. Take care. Crash landing ahead.
— Robert Kiyosaki (@theRealKiyosaki) March 13, 2023
The bestselling author also noted that he thinks “the next bank to go is Credit Suisse.” He cited its heavy reliance on bonds as the major reason for its potentially impending collapse. The bank has also faced a myriad of issues in recent years, including a summer 2022 conviction by Switzerland’s Federal Criminal Court for allowing money laundering to occur.
By Wednesday, March 15, shares in Credit Suisse had fallen by 30%. A source close to the bank told Reuters that European Central Bank officials are speaking with lenders to see if they have weaknesses that could be exposed if Credit Suisse collapses. However, the bank’s CEO, Ulrich Koerner, reassured customers that the business is strong and safe, even amidst the current turmoil of the bond and banking markets.
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