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Bank of England recently bought £19.3 billion of U.K. government bonds to prevent a collapse in the country’s pension industry.
In the eyes of Rich Dad, Poor Dad author Robert Kiyosaki, that’s a sign to acquire three specific alternative assets.
“Bank of England pivot means buy more GSBC,” he says in a recent tweet, referring to gold, silver and bitcoin.
“When pensions nearly collapsed it exposed Central Banks cannot fix … INFLATION. Pension have always invested in G&S. Pension funds now investing in Bitcoin. They know Fake $, stocks & bonds are toast.”
Of course, gold, silver and bitcoin aren’t exactly perfect investments.
Here’s a closer look at those assets — and what Kiyosaki suggests you should do to get around their limitations.
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Gold and silver
Precious metals — particularly gold and silver — have been a popular hedge against inflation and uncertainty. They can’t be printed out of thin air like fiat money and their value is largely unaffected by economic events around the world.