Jakarta, CNBC Indonesia – After commenting on Israel, author of the book “Rich Dad Poor Dad,” Robert Kiyosaki returned with his tweet about the world economy via his account on the social network X. This time, Kiyosaki commented on inflation.
“Inflation makes poor and middle class people poorer because they work and save dollars. But inflation makes rich people richer. WHY? Because rich people work and save gold, silver and Bitcoin,” Kiyosaki tweeted on Account X ( formerly Twitter) belongs to him.
As is known, the inflation factor or increase in prices of goods and services is often associated with the performance of gold prices. The higher the inflation, the more expensive the price of gold will be. Logically, when there is an increase in inflation, many people are reluctant to save funds in the form of savings because they are worried that the value of the money they own will decrease.
As a result, they flocked to buy up gold and caused the price of this precious metal to rise.
However, in order to control inflation, the United States Central Bank (The Federal Reserve) implemented a high interest rate policy. Indirectly, this could make market players sell their investments in US Government bonds and move to the money market.
When this happens, the yield on US Government debt securities will rise and this anti-default investment will become more attractive than precious metals.
So far, US inflation data and employment data will be of greatest concern considering that they are the main considerations for the Fed’s policy.
When Uncle Sam’s inflation softens, this will of course be directly proportional to the Fed’s policy in the future.
[Gambas:Video CNBC]
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