6.95 billion ounces of gold exist above ground. At $35,000 that’s $243 trillion in gold market cap alone. Every publicly traded company on Earth is worth about $110 trillion combined.
Gold at his target is worth more than twice all global equities. Before you add silver, Bitcoin, or Ethereum. Stack those in and you pass $280 trillion.
That is not a bull market. That is the dollar ceasing to function.
And if the dollar ceases to function, $750,000 Bitcoin is not wealth. It is a large number denominated in something nobody wants.
Kiyosaki is predicting the collapse of the dollar and dressing it up as investment advice.
JUST IN: Senator Cynthia Lummis says, "The Clarity Act is not the finish line. It is the starting gun." 💥
The House Financial Services Committee has scheduled a field hearing on the bill for July 17 in New York City, titled "Building the Future of Finance: How the CLARITY Act Unlocks Innovation."
Lummis is also pushing for a full Senate floor vote on the bill before the August recess 🇺🇸