Biggest Bubble in World History

The economy today is the “biggest bubble in world history,” renowned writer and economist Robert Kiyosaki has warned. The co-author of the best-selling personal finance book 'Rich Dad Poor Dad' has urged investors to dump their paper assets.

This year has brought little cheer for most investors as financial markets were exposed to high volatility, with stocks and bonds tumbling and even broad benchmark Exchange-Traded Funds (ETFs) going deep in the red, RT said Monday .

The author has issued advice to “hold onto your money” and shared his own strategy. “Many of you know I do not invest in equities, bonds, ETS or MFs. Please do not listen to what I’m going to say next: I would get out of paper assets,” he said, adding that the world economy “is not a market.”

Instead, he suggests looking at precious metals as a hedge against market turbulence and inflation, arguing that their value is more stable, though not totally immune to economic uncertainty.