The famous author of the best-selling book Rich Dad Poor Dad, Robert Kiyosaki, has shared his view on why the prices of gold, silver, and bitcoin are rising higher. Noting that silver is cheap right now, Kiyosaki urged investors to buy a silver coin and start getting richer.
Robert Kiyosaki Bullish on Gold, Silver, Bitcoin
The author of Rich Dad Poor Dad, Robert Kiyosaki, has shared his thoughts on why the prices of his top three investment picks — gold, silver, and bitcoin — are going up. Rich Dad Poor Dad is a 1997 book co-authored by Kiyosaki and Sharon Lechter. It has been on the New York Times Best Seller List for over six years. More than 32 million copies of the book have been sold in over 51 languages across more than 109 countries.
Kiyosaki tweeted a question Tuesday asking why gold, silver, and bitcoin are going higher. He then answered his own question, stating that it is because the poor and middle class in the U.S. are getting poorer and deeper into debt. “Please don’t get poorer,” he stressed, urging investors to buy at least one silver coin that costs only $30 right now to start getting richer.
The famous author previously explained that he expects gold, silver, and bitcoin owners to get richer when the Federal Reserve pivots and prints trillions of “fake” dollars. Noting that the stock market will crash and send the prices of gold and silver higher, he predicted that gold will soar to $3,800 while silver will rise to $75 this year.
“If Fed continues raising interest rates, [the] U.S. dollar will get stronger causing gold, silver & bitcoin prices to go lower. Buy more. When Fed pivots and drops interest rates … you will smile while others cry,” Kiyosaki tweeted in October last year. He has repeatedly said that the Fed’s interest rate hikes will kill the U.S. economy, causing stock, bond, and real estate markets to crash. He urged investors to buy gold, silver, and bitcoin before the Fed pivots.
Kiyosaki Says Silver Is Cheap
While the Rich Dad Poor Dad author has been recommending gold, silver, and bitcoin for quite some time, he singled out silver in his latest tweets as being cheap and affordable, reiterating his earlier statement that silver is the “best investment value today.”
On Wednesday, Kiyosaki reminded his Twitter followers that he has been “saying buy silver for years,” noting that silver is the best investment because it has been a “worse commodity for 50 years.” He added that the gold/silver ratio is usually 1 to 15, which means 1 ounce of gold can buy 15 ounces of silver. However, he pointed out that in January, 1 ounce of gold can buy 80 ounces of silver. “Cheap. Almost 1:100. Silver going up. EVs, solar, [and] greenies love silver. FOMO,” Kiyosaki emphasized.
Having repeatedly recommended bitcoin, he said in December that he is buying more BTC. He also explained that he is a bitcoin investor, not a trader, so he gets excited when the price of BTC plunges. In September, he urged investors to get into crypto now before the biggest economic crash in the world happens.
Last week, the Rich Dad Poor Dad author warned that we are in a global recession with soaring bankruptcies, unemployment, and homelessness. After multiple 75-basis-point rate hikes, the Federal Reserve raised the benchmark interest rate by 25 basis points this week to a range of 4.5% to 4.75%, the highest since 2008.
Do you agree with Robert Kiyosaki? Let us know in the comments section below.
A student of Austrian Economics, Kevin found Bitcoin in 2011 and has been an evangelist ever since. His interests lie in Bitcoin security, open-source systems, network effects and the intersection between economics and cryptography.
Image Credits: Shutterstock, Pixabay, Wiki Commons
Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.