Robert Kiyosaki, the celebrated author of the bestselling finance book Rich Dad, Poor Dad, recently expressed his dissatisfaction with Warren Buffett’s new interest in gold and silver.

Although Buffett, the 95-year-old chairman of Berkshire Hathaway, has historically criticized these metals as unproductive assets, Kiyosaki remarked that his recent endorsement of them is troubling. Buffett’s about-face has not gone unnoticed; Kiyosaki even conveyed that it makes him “want to vomit”.

Economic Downturn Imminent?

Buffett has long favored stocks over commodities, but his focus on precious metals has led Kiyosaki to speculate about a potential downfall in the stock and bond markets. He noted:

“Even though Buffett derided gold and silver investors like me for years, his recent endorsement suggests stocks and bonds might be on the verge of crashing.”

Some followers of Kiyosaki speculate that Buffett’s change might indicate a strategy to effectively utilize Berkshire’s substantial cash reserves, currently estimated at $344 billion.

Kiyosaki Calls for Investment in Metals and Crypto

In his closing remarks on social media, Kiyosaki stated that he was inclined to heed Buffett’s advice and acquire gold and silver. However, he also expressed plans to accumulate bitcoin (BTC) and ether (ETH), the latter being a relatively uncommon mention in his investment discussions. His acknowledgment of ETH demonstrates optimism regarding its performance.

Conversely, Buffett has been a prominent critic of cryptocurrencies, famously labeling Bitcoin as “rat poison squared”. Despite this, there have been reports of him investing in cryptocurrency-related stocks, leading some observers to surmise he may eventually reconsider his stance towards Bitcoin and the broader crypto landscape.