# Kiyosaki Again Promises Global Economic Crisis and Advises Using Buffett's Strategy

Robert Kiyosaki, author of the personal finance book "Rich Dad Poor Dad," has promised his subscribers a global economic crisis and advised them to save themselves using the strategy of one of the world's richest investors — Warren Buffett.

According to Kiyosaki, Buffett, head of the investment company Berkshire Hathaway, typically buys stocks of undervalued companies with strong fundamental indicators and holds them for years, or even decades.

The writer called Buffett a prime example of how experienced investors prepare for major market downturns — they maintain large amounts of cash reserves while waiting for better opportunities.

Building large cash reserves will give investors the ability to purchase assets during downturns, during panic selling in markets, Kiyosaki announced. He believes that bitcoin, gold, and silver could increase significantly in price, as a financial crisis would force investors to seek alternative ways to preserve their savings.

The crisis could redirect investor attention to assets operating outside traditional financial systems, namely bitcoin and precious metals.

"Cash is not garbage during a crash. Why did Warren Buffett sell stocks and bonds and now holds billions in cash? Because he keeps his money ready to buy valuable assets after a crash. Last week, I spent millions buying oil wells, gold, silver, and bitcoin. I'm confident that after a major crash, gold, silver, and bitcoin prices will rise. But I could be wrong. As long as Iran continues to shell oil tankers in the Strait of Hormuz, oil prices from my Texas wells continue to rise," Kiyosaki wrote.