Robert Kiyosaki, an American investor, said again on Friday that people ought to invest their money into coins and rare metals because he thought the US dollar would soon be useless. Rich Dad Poor Dad’s author said that the BRICS group had shown off its own gold-backed currency and warned of a new type of hyperinflation. The remarks were made by Russian President Vladimir Putin during this week’s trip, which got the major media coverage.
Goodbye, US dollar
The BRICS countries—Brazil, Russia, India, China, and South Africa, announce the Unit, which will be a gold-backed money.Goodbye, US dollar! Watch out, stay awake, and listen in. Do not be a loser. Savings in the US dollar will lose the most, that’s what I think. People who own U.S.dollars may lose everything if prices go up too fast.I stick to my motto and own Bitcoin, Ether, gold, and silver. Be careful and alert, he wrote on X.
In the past few months, the famous investor has been very vocal about his support for gold, silver, Bitcoin, and Ethereum.He recently called silver “the best and safest” choice.
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New money for the BRICS?
Over the past two years, there have been many rumours about a possible option to the US dollar, but the BRICS countries have not officially said anything about it. There was more talk when a picture of Vladimir Putin carrying a sample “BRICS banknote” at the Kazan Summit in October 2024. Since then, top officials have made it clear that the bloc has no plans to start using a new currency right away.
The de-dollarization debate reached its peak at the BRICS Summit in 2024, when Putin took the stage and showed what appeared to be a sample BRICS note. But he later softened his earlier strong push for less reliance on the dollar. He made it clear that the goal is not to get rid of the SWIFT system, which is built on the US dollar. Instead, the goal is to stop the dollar from being used as a “weapon” by making other ways for BRICS countries and their partners to do business across borders using their own currencies.
It’s not that we don’t want to use the dollar, but what can we do if they won’t let us? Then we have to find other options, which is what Putin said would happen.
