Businessman and author, Robert Kiyosaki (AKA Rich Dad Poor Dad), is warning that the dollar is about to implode. He tweeted, “REPO MARKET INVERSION. Last time this happened was 2008. Be careful. Recession and crash coming…” In another tweet he wrote, “World in trouble. National debt to go through the roof. Biden causing inflation & blaming Putin. Dollar about to implode. Buy more gold, silver, Bitcoin, Ethereum, & Solana before WW3.” In other news, a Moody’s Analytics analysis found that inflation is costing the average American household an additional $296 per month. A recent CNBC + Acorns Invest in You survey, determines that 48% of adults polled are thinking about rising prices all of the time. It also found that 37% say they’re worried that higher prices will force them to rethink their financial choices in the coming months.

 

Kitco NewsAnna Golubova
U.S. dollar ‘to implode’: buy gold, silver, Bitcoin and Ethereum, says Kiyosaki

A recession is coming, and the U.S. dollar is going “to implode,” according to Robert Kiyosaki, the best-selling author of ‘Rich Dad Poor Dad.’

In a recent series of tweets, Kiyosaki painted a grim picture of the U.S. economy, projecting a recession and a greenback collapse.

“Recession and crash coming,” he tweeted. “REPO MARKET INVERSION. Last time this happened was 2008. Be careful.”

Read the full story, here.

 

CNBC/Michelle Fox
Inflation fears force Americans to rethink financial choices

Surging inflation has Americans reconsidering how they spend their money.

The Consumer Price Index, which measures a wide-ranging basket of goods and services, jumped 7.9% in February from 12 months prior. Prices are going up on everything from the food you put on the table to the gas that powers your car.

That’s weighing heavily on people’s minds, with 48% thinking about rising prices all the time, according to a CNBC + Acorns Invest in You survey, conducted by Momentive. The online poll was conducted March 23-24 among a national sample of 3,953 adults.

Three-quarters are worried that higher prices will force them to rethink their financial choices in the coming months, the survey found.

You can read the entire article, here.

 

ZeroHedge/Tyler Durden
Why Gold Coin Demand Doesn’t Drive The Gold Price

Demand for newly fabricated coins makes up only a small part of total trading volume in gold, and therefore has little impact on the gold price.

As we discussed in a previous article about the supply and demand dynamics of gold, the price of gold isn’t set between what is annually produced versus “consumed.” Because gold isn’t used up and there are vast above-ground stocks (most of which is gold held for monetary purposes), the gold price is mainly determined by trade in above-ground metal.

Gold trades as a currency. Demand for coins is just a small segment of total physical trading volume, and therefore doesn’t have a significant impact on the price.

You can read the full story, here.

 

 

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