Robert Kiyosaki Slams Bitcoin, Gold, and Silver ETFs as Useless Like a ‘Picture of a Gun’

Highlights:

• Robert Kiyosaki says ETFs are risky because they don’t give real ownership.
• He warns that paper assets can fail in a crisis, like a photo of a gun.
• Senator Lummis also supports real Bitcoin as a way to protect money from inflation.

Robert Kiyosaki, author of Rich Dad Poor Dad, warned against holding Bitcoin (BTC), gold, and silver via exchange-traded funds (ETFs). He believes paper-based assets can’t replace owning the real thing. Kiyosaki compared ETFs to a “picture of a gun”—fine in peace, useless in crisis. He explained that while ETFs make assets like Bitcoin and gold more accessible to everyday investors, they still don’t provide actual physical possession of the underlying commodity.

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Kiyosaki talked about a long-time problem where companies give paper claims for real assets, but they may not have enough cash to support them. If people hear bad news or see signs of trouble, they may start to worry and try to take out all their money. This is called a bank run. If the company does not have enough cash to give back, it can cause a big problem, and the company might collapse.

He wrote: 

“An ETF is like having a picture of a gun for personal defense. Sometimes it’s best to have real gold, silver, Bitcoin, and a gun. Know the differences when it is best to have real and when it’s best to have paper.”

Kiyosaki Warns Investors About ETFs and Fake Money

ETFs have become extremely popular as many investors look for easy ways to invest in cryptocurrencies and precious metals without the hassle of using cold-storage wallets or storing assets in vaults. This year, several spot Bitcoin ETFs were launched in the U.S., and they now trade billions of dollars in shares regularly. But Kiyosaki says that while it may seem easy, the problem is you’re not owning the real thing—just a claim to it. In May, Kiyosaki said that fiat money is “fake” and tells people to buy real assets like Bitcoin, gold, and silver to protect against inflation and a weak U.S. dollar.

WORDS of WISDOM from former US Congressman Ron Paul: Author of “End the Fed” and advocate for ending the Fed, all Central Banks, and getting back to a sound honest money system.

Ron Paul states:

“A central bank setting interest rates is price fixing and a form of central…

— Robert Kiyosaki (@theRealKiyosaki) May 10, 2025

This statement made investors more worried, especially as the crypto market is falling today. His past comments have added to the fear even more. Over the past year, Robert Kiyosaki has repeatedly called ETFs fake in several interviews. He said crypto ETFs do not give real ownership. That is why he thinks they have less value and are like paper money. In mid-2025, he again called United States spot BTC ETFs “banksters’ traps” and said they are as fake as the U.S. dollar.

Is BITCOIN a SCAM?

It might be….

But not a big a scam as the US Dollar and the US Banking System…. Starting with the Fed.

They are BANKSTERS.

For example…. When they F. U. and lose billions…. The criminals at the Fed bail them out. They should go to jail.

That’s…

— Robert Kiyosaki (@theRealKiyosaki) March 1, 2025

Senator Lummis Supports Bitcoin for Protecting Money from Inflation

Supporting Kiyosaki’s view, U.S. Senator Cynthia Lummis also praised Bitcoin as a tool to fight inflation and safeguard financial freedom. Speaking on Fox Business, she said Bitcoin helps Americans guard their money as the U.S. dollar loses value. She highlighted its fixed supply of 21 million coins as a major benefit over unlimited fiat printing. Lummis said BTC does not depend on central banks or government control. This makes it appealing to people who don’t trust the current money system. As inflation grows and fear spreads, she thinks more people will choose Bitcoin to protect their money.

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