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The author of the personal finance bestseller Rich Dad Poor Dad, Robert Kiyosaki, is saying goodbye to the US dollar.

In a new post on X, Kiyosaki touts rumors of a gold-backed BRICS currency in a farewell address to USD.

“BRICS: Brazil, Russia, India, China, South Africa announces the “UNIT” a gold backed “money.”

BYE BYE US DOLLAR!!!!! Stand by, stay awake, stay tuned in.”

Rumors of a custom BRICS currency have gone viral in the last 24 hours, linking the economic alliance to a new asset called “UNIT” that’s governed by the International Institute for Applied Systems Analysis (IRIAS).

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However, UNIT does not appear to be directly connected to BRICS.

According to the project’s website, the asset will be available for use in global trade – but no direct link to BRICS is stated.

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“Presently, BRICS+ is not ready to launch its own currency, but the need for a reliable independent international financial and monetary system is urgent.

UNIT ecosystem offers BRICS+ countries a unique framework, which can fully accommodate the inter-block trade and facilitate mutual investments thus alleviating economic disbalances hindering further integration.”

Kiyosaki is a longtime investor in gold and silver, and in recent years has also touted Bitcoin and Ethereum as assets that will hedge against dollar debasement.

“My forecast is savers of US dollars [will be the] biggest losers.

If you own US Dollars… hyperinflation may wipe you out. I stand by my mantra, own gold, silver, Bitcoin, and Ether.”

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FinSmart team

FinSmart is your go-to platform for "smart finance", where we break down complex financial topics simply and clearly. We help you navigate the financial world with confidence

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FinSmart team

FinSmart is your go-to platform for "smart finance", where we break down complex financial topics simply and clearly. We help you navigate the financial world with confidence

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