Buy gold, silver and Bitcoin.
These are words Robert Kiyosaki has been preaching all year. And he said it again Thursday along with another trademark Kiyosaki habit–slamming the US dollar.
In the month of October alone, Kiyosaki has taken to Twitter to make claims about the fate of the US dollar.
The first came on Oct. 4 when Kiyosaki predicted the US dollar will crash by January 2023. This statement came amidst the fall of the British pound while also mentioning how the Federal Reserve continues to raise interest rates.
This time, however, has nothing to do with the Bank of England or the Federal Reserve. In keeping with tradition, Kiyosaki took to Twitter to speak on Saudi Arabia’s intention to join BRICS–the five emerging economies comprised of Brazil, Russia, India, China and South Africa.
“Bye bye US $,” the tweet reads. “Saudi Arabia officially joins BRICS.”
Officially? Well, no, it hasn’t happened yet.
During an interview with the South African Broadcasting Corporation (SABC) on Tuesday, South African President Cyril Ramaphosa said Saudi Crown Prince Mohammed Bin Salman Al Saud is interested in joining BRICS. This request won’t be reviewed until 2023, however, when the BRICS summit is to be held.
“Crown Prince Mohammed bin Salman expressed the kingdom’s desire to join the BRICS,” said President Ramaphosa. “Several countries are in contact with the BRICS and we have assured them that the accession issue will be discussed and a decision will be made.”
Saudi Arabia’s desire to join BRICS comes during a diplomatic oil dispute with the United States. It also comes the day after the US pulls out of Afghanistan.
“If Saudi Arabia joins BRICS, it would be a promotion to the Middle East countries to strengthen their ties with BRICS countries and weaken the intervention and influence of the US in the area,” one Beijing-based expert told Global Times.
But what does this mean for the US dollar and cryptocurrency?
During the 2022 BRICS summit in July, Russian President Vladimir Putin said that BRICS has plans to develop a “new global reserve currency.” This could be an attempt to undermine the US dollar, according to analysts.
So maybe Kiyosaki is right. Maybe the move is to buy more gold, silver and Bitcoin.