Robert Kiyosaki, known for his bestselling book “Rich Dad Poor Dad,” has issued a strong warning about the upcoming global economic downturn. In his recent article, he reveals an intriguing economic indicator – the Cardboard Box Index – which he claims is witnessing a collapse, signaling a worrisome decline in consumer goods production.
Some investors benefit from this unconventional indicator to predict future manufacturing trends based on the production of cardboard boxes commonly used in packaging and shipping. Despite experts warning against relying solely on the “Cardboard Box” indicator due to its volatility, they acknowledge its potential when used in conjunction with other indicators. Kiyosaki’s focus on this indicator reflects his concern about a potential slowdown in the manufacturing sector, prompting him to provide immediate advice to his followers.
As always, Kiyosaki suggests alternative havens for wealth during economic instability. Instead of his usual endorsement of gold and silver, he encourages and highlights the potential reliance on BlackRock (NYSE: BLK) and Grayscale applications.
And it should be noted that In June the giant asset management company BlackRock announced the first steps towards launching an immediate trading fund for Bitcoin. This move marked a long-standing point of contention between cryptocurrency advocates and federal regulatory bodies. The company submitted a request to the U.S. Securities and Exchange Commission to launch the iShares Bitcoin Trust.
It is noteworthy that no approvals for such requests for exchange-traded funds have been granted so far. However, market participants expect applications to receive approval, possibly by January 2024. Nevertheless, Kiyosaki faces opposition from some followers who advise against exchange-traded funds, arguing in favor of acquiring and protecting them through cold storage as a safer strategy.
While the world monitors signs of economic stability or further disruptions, Kiyosaki’s warning imparts a sense of urgency to his followers, emphasizing the need for immediate action.
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Shady Fouad is a technical analyst at LDN Company
Shady's strategic vision in the currency markets is reinforced by more than fifteen years of trading experience, which enables him to blend economic and technical analyzes with high efficiency, and find the best investment ideas for traders.
