Robert Kiyosaki, the author of the best-selling self-help financial book Rich Dad Poor Dad, has added a new list to his long-standing warnings. His new doomsday prediction is that the BRICS gold-backed currency, which was recently announced as UNIT, will destroy the US dollar. He instead urged investors to buy cryptocurrencies to protect their wealth before the disaster occurs.
“BIG BREAKING $ NEWS: BRICS: Brazil, Russia, India, China, South Africa announces the “UNIT”, a gold-backed “money.” BYE BYE US DOLLAR!!!!! Stand by, stay awake, stay tuned in. DON’T BE A LOSER. My forecast is Savers of US dollars biggest losers. If you own US Dollars, hyperinflation may wipe you out. I stand by my mantra, own gold, silver, Bitcoin, and Ethereum. Take care stay alert,” he wrote.
Also Read: US Dominance Will End Through Non-Conditional Financing by BRICS Bank
BRICS Gold-Backed Currency Vs the US Dollar: Shedding Light on Robert Kiyosaki’s Take
Despite Kiyosaki claiming that BRICS gold-backed currency will destroy the US dollar, there’s little chance for that to happen. No BRICS member has officially launched the mechanism, and no leader has stated it. The claim of toppling the US dollar comes without a circulating currency yet. Senior officials have also repeatedly clarified that a rollout of a new tender could take years. Russian President Vladimir Putin confirmed during his visit to India last week, saying, “There is no rush” to launch a currency.
He also added that the bloc is avoiding haste so as not to repeat the mistakes of the European Union. “By avoiding haste, you can avoid many grave mistakes,” he said, citing the Eurozone’s example. The President also revealed that the alliance is approaching the prospects of a currency “very carefully.” Therefore, Kiyosaki’s statements are bold despite the BRICS currency not being out, and he is betting on the gold-backed UNIT. It is yet to find its way in an already crowded and aggressive market.