In a somewhat unusual turn of events, the prominent investor and author of the best-selling personal finance book ‘Rich Dad Poor Dad’ Robert Kiyosaki, took to X on October 1 to reveal the investment he was told was backed by Jesus Christ himself.
To be precise, the author stated that a friend of his was approached by a person who claimed that Jesus told them ‘to tell everyone that Iraqi Dinars are safest and the best.’
Though the pitch itself is weird, as Kiyosaki commented, it is actually a continuation of a long-standing scam. Fraudsters have been pitching the Iraqi Dinar as a currency sure to appreciate in value rapidly ever since the U.S. invaded the Middle Eastern country.
In the meantime, the currency has, if anything, depreciated compared to USD.
Iraqi Dinar to U.S. dollar chart. Source: Google
Kiyosaki concluded his tweet with a warning to his followers:
“It’s getting weird….so please be extra careful….who is giving you investment advice…even if it is Jesus.”
Kiyosaki rejects the Iraqi dinar, embraces ‘God’s money’
Though the famous author wasn’t convinced by apparently godly advice to invest in the Iraqi currency, Kiyosaki has been known to dabble with and recommend ‘divine’ assets.
One of his favored investments is, in fact, what he calls ‘God’s money’ – gold – and he has frequently and repeatedly recommended buying it as, in his opinion, is a good way for traders to protect against the coming great crash.
Stepping away from the High Heavens, Robert Kiyosaki also believes that ‘people’s money’ – Bitcoin (BTC) – is another asset worth investing in, particularly in light of his view that the U.S. national debt will ‘kill’ Americans.
Indeed, earlier in September, he juxtaposed BTC, gold, and silver with ‘fake’ assets such as U.S. bonds, opining that the two investments – and his other favored commodity, silver – are likely to soon explode in value.
Are R. Kiyosaki’s gold and Bitcoin recommendations paying off?
Kiyosaki’s prediction concerning gold has, so far, apparently proven correct as the precious metal has been trading ever higher, and gold’s price today, at press time on October 2, stands at $2,649.195 after a 5.92% 30-day rise.
Gold 30-day price chart. Source: TradingView
On the other hand, the jury is still out for Bitcoin as the world’s premier cryptocurrency has experienced a major downturn in the wake of the October 1 Iranian missile strike on Israel.
BTC price today, at press time, stands at $61,636 after a 3.67% drop in the 24-hour chart.
BTC 1-day price chart. Source: Finbold
Still, it is noteworthy that despite recent performance seemingly contradicting Kiyosaki’s assessment that Bitcoin offers strong protection against crises, there are no guarantees the October 1 downturn will completely halt the rally that preceded it.
In fact, there are wide expectations that October will be particularly strong for cryptocurrencies both thanks to the crypto market’s historical performance in the month, and to the digital assets’ rise in September.
Featured image via Ben Shapiro’s YouTube.
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