U.Today – Robert Kiyosaki, the renowned author of “Rich Dad Poor Dad,” has expressed his skepticism regarding ETFs. He stated that he would not buy them, drawing parallels with his views on the same instruments for gold and silver.
Kiyosaki argued that these financial instruments are not representative of the actual assets they claim to track.
Concerns center on the authenticity of ETFs. He noted that a gold ETF, for example, can sell the same ounce of gold multiple times, making it a poor substitute for owning physical gold. That's why, he explained, he prefers to hold real gold, silver and bitcoins, which he keeps safe, away from traditional financial institutions and Wall Street.
Kiyosaki's stance is consistent with his long-standing criticism of traditional financial market instruments and the Federal Reserve's monetary policies. He has openly expressed his belief that the dollar is a “fake” currency and has urged people to invest in what he considers real money: BTC, gold and silver.
According to Kiyosaki, these assets are tangible and belong to the people, unlike ETFs and other financial products traded on the market. He is not alone in his opinion of ETFs, as many Bitcoin maximalists and the most ardent defenders of decentralization also reject any such innovation.
This article was originally published on U.Today.
