Rich Dad Poor Dad author Robert Kiyosaki claims BRICS now has own currency — Why his ‘hyperinflation’ warning may be unnecessary

American investor Robert Kiyosaki reiterated calls for investment in cryptocurrencies and precious metals on Friday. He argued that the BRICS grouping had introduced its own ‘gold-backed’ currency, signaling a shift away from the US dollar. Kiyosaki also issued a caution about ‘hyperinflation,’ urging people to diversify their assets. The investor’s remarks coincided with a meeting between Russian President Vladimir Putin and Indian Prime Minister Narendra Modi during a high-profile visit this week. Kiyosaki’s warning extended to US dollar holders, suggesting that they could face significant losses due to hyperinflation. He maintained his stance on owning assets like gold, silver, Bitcoin, and Ether for protection. The well-known investor has been vocal about the benefits of these assets, particularly naming silver as a safe choice.