In the wake of the Federal Reserve raising interest rates to historical levels, the dollar has reacted positively, gaining at the expense of other global fiat currencies. Notably, the British pound is among the currencies performing poorly against the dollar.
Despite the dollar’s strong performance, the author of the personal finance book ‘Rich Dad, Poor Dad’ Robert Kiyosaki, believes the U.S. currency’s strength will be short-lived.
In a tweet on October 1, Kiyosaki noted that the dollar will potentially crash early 2023 but suggested that silver might be an alternative asset to cushion against a possible dollar crash.
“Will U.S. dollar follow English Pound Sterling? I believe it will. I believe U.S. dollar will crash by January 2023 after Fed pivots. To profit from crash of U.S. $ I bought many more U.S. silver Buffalo rounds. Silver is a bargain,” said Kiyosaki.
In a previous tweet, Kiyosaki also suggested that the United States and England share a historical bond that might spill over the financial markets.
“AMERICA’s BIRTHPLACE is NEW ENGLAND. Old ENGLAND died this week. Old English Pound died this week, as did old English pensions. Is America’s NEW ENGLAND next? Remember crashes make the rich richer. Don’t be a victim like Old English of Old England. Think & act with NEW vigor,” he said.
