The U.S. stock market has made a strong recovery in 2023, with the S&P 500 surging 23% year to date. However, “Rich Dad Poor Dad” author Robert Kiyosaki is sounding the alarm about potential dangers ahead. “Bank Credit just sold off like 2008. Get some cash out of banks as you need cash,” he said in a recent post on X, formerly known as Twitter. “This may be the start of the biggest crash in history. Hope I am wrong yet no time to play Russian Roulette with your life.” Don’t miss Commercial real estate has outperformed the S&P 500 over 25 years. Here’s how to diversify your portfolio without the headache of being a landlordFinish 2023 stronger than you started: 5 money moves you should make before the end of the yearThe US dollar has lost 87% of its purchasing power since 1971 — invest in this stable asset before you lose your retirement fund In another X post, the author referred to his 1997 book’s predictions, which later came to fruition. “Please remember my warning in Rich Dad Poor Dad published in 1997 predicting ‘Savers are losers’ and ‘Your home is not an asset’ which came true in 2008,” he wrote. “Watch for my next warning. The S & P is next which will toast millions of 401ks and IRAs.” Given the extensive exposure many people have to the stock market through their retirement savings, a severe downturn in the S&P 500 could be devastating. During the market sell-off in 2022, CBS News reported that 401(k) and IRA plan participants experienced an estimated loss of around $3 trillion. Despite these ominous predictions, Kiyosaki has offered some advice for navigating the potential crisis. “Buy gold, silver, Bitcoin while you still can,” he suggested. Let’s take a quick look at this trio of assets. Gold and silver Precious metals — particularly gold and silver — have long been considered a popular hedge against inflation. The reason is simple: They can’t be printed out of thin air like fiat money. Kiyosaki has long been a fan of gold and first purchased the yellow metal in 1972. He has explained in the past it’s because he doesn’t “trust” the Federal Reserve, which controls the supply of money. In October, he predicted, “Gold will soon break through $2,100 and then take off. You will wish you had bought gold below $2,000. Next stop gold $3,700.” Kiyosaki likes silver, too. “Silver from $23 to $68 an ounce,” he said, projecting major upside for the gray metal. The price of gold has climbed about 11% in 2023, while silver has remained relatively unchanged. Today, there are many ways to gain exposure to gold and silver, but Kiyosaki prefers to just buy the metals directly. “I do not touch paper gold or silver ETFs. I only want real gold or silver coins,” he wrote last year. Read more: Millions of Americans are in massive debt in the face of rising rates. Here’s how to get your head above water ASAP Bitcoin The world’s largest cryptocurrency is making a comeback and is now up 150% in 2023. But investors should not forget just how volatile it can be. In November 2021, bitcoin reached a high of $68,990. Today, it’s hovering around $41,400. Kiyosaki, however, doesn’t seem bothered by the massive swings. When the virtual currency was testing $30,000 in October, he predicted, “Next stop Bitcoin $135,000.” If Kiyosaki is right in his prediction, it would imply an upside of 227% from where the cryptocurrency sits today. It’s very easy to buy bitcoin these days. There are many online exchanges, brokers and even ATMs to purchase from. Be warned, they can charge up to 4% in commission fees, so look for ones that charge low or even zero commissions. What to read next Thanks to Jeff Bezos, you can now cash in on prime real estate — without the headache of being a landlord. Here’s howWorried about the economy? Here are the best shock-proof assets for your portfolio. (They’re all outside of the stock market.)Rising prices are throwing off Americans’ retirement plans — here’s how to get your savings back on track This article provides information only and should not be construed as advice. It is provided without warranty of any kind.