Oleg Deripaska advises Russians to invest in euros, yuan, and gold

Oleg Deripaska advises Russians to invest in euros, yuan, and gold

Russian businessman Oleg Deripaska has suggested that Russians should consider selling their dollars and instead invest in euros, yuan, and gold.

This recommendation comes after Robert Kiyosaki, the author of the best-selling book “Rich Dad Poor Dad,” predicted an economic crisis in the United States and encouraged investors to purchase gold, silver, and bitcoin.

Deripaska published a link to Kiyosaki’s interview with Fox Business on his recent post on Telegram, in which he stated, “If the jovial investor turns out to be at least ten percent right, then it looks like it’s time to sell dollars very quickly and buy euros and a lot more yuan and gold.”

Recent events have led to increased investor fears about the economic growth slowdown around the world.

The banking crisis in the United States, which saw the bankruptcy of Silicon Valley Bank on March 10, followed by the closure of New York’s Signature Bank due to systemic risks a few days later, has contributed to the changing market situation. On March 13, both American and European markets declined sharply.

Oleg Deripaska is a Russian billionaire entrepreneur and industrialist who made his fortune through the privatization of previously state-owned assets following the break-up of the Soviet Union.

He is the founder of Basic Element, one of Russia’s largest industrial groups, and Russia’s largest charitable foundation, Volnoe Delo.

Until 2018, he was the president of En+ Group, a Russian energy company, and the head of United Company Rusal, the world’s second-largest aluminum company.

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