Whether it’s oil prices, gold wicks, or crypto candles, nothing escapes the watch of personal finance author Robert Kiyosaki.
The author of the best-selling book “Rich Dad Poor Dad” is well-known for his criticism of the centralized banking system and advocacy for assets like gold, silver, Bitcoin (BTC), and Ethereum (ETH).
As the war between the U.S.-Israel and Iran continues, he reiterated his market crash warning and said private credit funds, large banks, and financial institutions are panicking because of withdrawals by investors.
Related: ‘Rich Dad Poor Dad’ author makes shocking asset choice
In a long X post on March 13, Kiyosaki echoed Jim Rickards’ warning on a “New Depression” in the U.S.
A Wall Street veteran, Rickards wears many hats as an investment banker, market analyst, and author. In his 2021 book “The New Great Depression: Winners and Losers in a Post-Pandemic World,” he described in detail the economic crisis in the U.S. following the COVID-19 pandemic. Layoffs, bankruptcies, bank runs, deflation, and debt will be common in the U.S. and market chaos will lead to social disorder, he warned in the book.
But in his book, Rickards also recommended ways for smart investors to preserve their wealth during the “worst” economic crisis in U.S. history.
Kiyosaki told his followers that he only plans to get rich and not become “a victim who gets poorer.” This is why he said he is investing in oil, silver, gold, Bitcoin, and Ether.
He asked his followers to take advantage of bank runs. A bank run occurs when a large number of customers simultaneously withdraw their deposits from a bank due to fears of its insolvency or imminent collapse.
When customers withdraw their deposits, one should figure out where that money is getting poured into, he advised.
“Smart money is getting richer and stupid money is running… Now is not the time to be a headless chicken,” he said.
Both market booms and crashes are opportunities to become richer, he concluded.
West Texas Intermediate (WTI), the North American crude oil benchmark, rose more than 1% today to trade at $96.83 per barrel.
Brent oil, the global oil benchmark, also rose more than 1% to trade at $101.59 per barrel.
The precious metals, however, fell today. Gold’s price fell around 1.5% to $5,043.26 per ounce, and silver’s price around 6% to $79.89 per oz.
But the cryptocurrencies significantly surged today before retreating. Bitcoin approached $74,000 but dropped to $71,829.28 at press time. Ether hit $2,200, only to drop to $2,132.97 at press time.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. Cryptocurrency investments are highly volatile and risky. Always conduct your own research before making any investment decisions.
Related: Oil surge to $120 could reignite inflation fears, analyst warns
This story was originally published by TheStreet on Mar 13, 2026, where it first appeared in the Personal Finance section. Add TheStreet as a Preferred Source by clicking here.