Robert Kiyosaki Warns “Bye-Bye US Dollar” Amid BRICS Gold-Backed Currency Rumors

Robert Kiyosaki, an entrepreneur and a best-selling author, famous for Rich Dad Poor Dad, has sent out another note to the investor urging towards precious metals and cryptocurrencies and even giving a caution against the US Dollar going down in price. American investor also stated that BRICS nations, Brazil, Russia, India, China, and South Africa, had made a declaration for a unit that is backed by gold, and this announcement can mean that big trouble is set to come for the US dollar.

"BYE-BYE US Dollar"

Therefore, Robert Kiyosaki took to twitter (X) and also wrote in his post, "BRICS 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: savers of the US dollar will be the biggest losers. If you own US Dollars…hyperinflation may wipe you out. I stand by my mantra: own gold, silver, Bitcoin, and Ether."

The investor has made their thoughts on gold, silver, bitcoin, and ethereum as safe havens of recent public record, most notably calling silver "the best and the safest."

Speculation on a potential New BRICS Currency

Branches of the new United States dollar hypothesis have been aired over the years with buzz increasing after Putin was shown at the October 2024 Kazan Summit with a prototype "BRICS banknote." During the limelight, BRICS's topmost executives tried to articulate that they would never come forward to launch a new currency.

At a press conference following the 2024 BRICS Summit, Putin maintained the position that the group had no intention to remove itself from any currency or SWIFT system; instead, it is working on establishing further avenues of trade sanctioned by local currencies. He stated:

"We are not refusing, not fighting the dollar, but if they don't let us to work with it, what can we do? We then have to look for other alternatives, which is happening."

Putin underscored the principle that BRICS should not have aspirations to establish a single currency, as of now and that any such steps should be taken with a great deal of care and probably somewhat later down the line. The core of the strategy in question should henceforward be the national and new development bank proposals.

Implications for Investors

This red flag by Kiyosaki is further shed light upon against the background of all that is happening in the financial sector on de-dollarization. With geopolitical tensions running high and talks on alternative currencies still going strong, all investors are advised to stay alert as they might think of having more diversity in gold, silver, and leading cryptocurrencies to offset any potential volatility.