Robert Kiyosaki Of 'Rich Dad, Poor Dad' Fame Sounds Alarm On Inflation: 'Protect Yourself From Our Marxist Leaders'
Portfolio Pulse from Shanthi Rexaline
Robert Kiyosaki, author of 'Rich Dad, Poor Dad,' criticized leaders for the current inflation, attributing it to Marxist policies. He warned of the dangers of both capitalism, which can lead to deflation, and Marxism, which he believes causes inflation. Kiyosaki has been vocal against President Joe Biden, calling for his impeachment and labeling him a 'puppet of the WOKE liberal left.' He advised against investing in the U.S. dollar and suggested gold, silver, and Bitcoin as safer alternatives. In premarket trading, the Invesco DB US Dollar Index Bearish Fund (UDN) rose, while the SPDR Gold Shares (GLD) and the iShares Silver Trust (SLV) also saw gains.
November 22, 2023 | 2:37 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
SPDR Gold Shares (GLD) gained 0.16% in premarket trading, possibly as a result of Kiyosaki's recommendation of gold as a safe investment.
Kiyosaki's promotion of gold as a safe investment during uncertain times may positively impact GLD's short-term performance.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
The iShares Silver Trust (SLV) advanced 0.37% in premarket trading following Kiyosaki's advice to invest in silver.
Kiyosaki's recommendation of silver as a safe-haven asset could lead to a positive short-term impact on SLV's stock price.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
The Invesco DB US Dollar Index Bearish Fund (UDN) rose 0.69% in premarket trading, potentially influenced by Kiyosaki's comments against the U.S. dollar.
Kiyosaki's negative stance on the U.S. dollar could lead to increased interest in UDN, which benefits from a weaker dollar.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 70