BRICS to Make US Dollar ‘Toast’? Kiyosaki Predicts Gold-Backed Currency

• Robert Kiyosaki, the author of the best-selling personal finance series Rich Dad Poor Dad, believes that the US Dollar is close to its end as a coalition of nations prepares to introduce a new gold-backed currency.
• BRICS (Brazil, Russia, India, China and South Africa) will begin talks at a conference in Johannesburg this month that could cause the US to lose its status as world reserve currency.
• Kiyosaki says that Bitcoin may be one of the main beneficiaries of a changing world order and Standard Chartered Bank expects BTC to hit $50,000 by 2023.

Robert Kiyosaki Predicts US Dollar “Toast”

Author Robert Kiyosaki of the popular financial advice series Rich Dad Poor Dad says that the US Dollar is nearing its end with the rise of a new gold-backed BRICS currency. In an episode of The Rich Dad Radio Show, Kiyosaki warned that if BRICS launches their own currency at an upcoming conference in Johannesburg on August 22nd 2023 then it could spell disaster for the American dollar.

BRICS Introducing Gold-Backed Currency

BRICS (Brazil, Russia, India, China and South Africa) are meeting this month to discuss launching their own currency backed by gold instead of relying on the US Dollar. If successful then this could result in the US losing its status as global reserve currency and potentially trigger an economic crisis.

Bitcoin Could Benefit From Changing World Order

Kiyosaki is also bullish on Bitcoin and sees it benefiting from any potential fallout from a changing world order. He noted that big institutions like Standard Chartered Bank have recently come out backing Bitcoin which should help give more legitimacy to cryptocurrency in general. According to Standard Chartered Bank’s estimates Bitcoin should reach $50k in 2023 and $120k in 2024 if all goes according to plan.

US Economy Hanging By Thread?

It remains to be seen what effect BRIC’s decision will have on the US economy but investors around the world are keeping close tabs on how things develop over coming weeks leading up to their conference later this month. It’s certainly possible since 1944 when America became global reserve currency we might now be seeing it become “toast” if all goes according to plan for BRICS’ new gold-backed currency proposal.

Investors Urged To Stay Alert

Investors should stay alert as we move towards August 22nd when BRIC’s meets for their conference since there could be huge implications for not only currencies but markets around globe depending on how events unfold over coming weeks ahead of their big meeting later this month..