The famous author of the best-selling book Rich Dad Poor Dad, Robert Kiyosaki, has shared his point of view on why the prices of gold, silver and bitcoin are going higher. Noting that silver is cheap right now, Kiyosaki urged investors to buy a silver coin and start getting rich.
Robert Kiyosaki Bullish on Gold, Silver, Bitcoin
Rich Dad Poor Dad author Robert Kiyosaki has shared his thoughts on why the prices of his top three investment options (gold, silver, and bitcoin) are rising. 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 more than 51 languages in more than 109 countries.
Kiyosaki tweeted a question on Tuesday asking why gold, silver and bitcoin are going up. He then responded to his own question, stating that it is because the poor and middle class in the US are getting poorer and more indebted. “Please don’t get any poorer,” he stressed, urging investors to buy at least one silver coin that costs just $30 right now to start getting richer.
The famous author previously explained that he expects owners of gold, silver and bitcoin to get rich when the Federal Reserve spins up and prints trillions of “fake” dollars. Noting that the stock market will crash and drive up gold and silver prices, he predicted that gold will soar to $3,800 while silver will climb to $75 this year.
“If the Fed continues to raise interest rates, (the) US dollar will strengthen and gold, silver and bitcoin prices will fall. Buy more. When the Fed pivots and lowers interest rates… you will smile while others cry,” Kiyosaki tweeted in October of last year. He has repeatedly said that the Fed’s rate hikes will kill the US economy, causing the stock, bond and real estate markets to collapse. He urged investors to buy gold, silver and bitcoin before the Fed changes.
Kiyosaki says that silver is cheap
While the author of Rich Dad Poor Dad has been recommending gold, silver and bitcoin for quite some time, he singled out silver in his latest tweets as cheap and affordable, reiterating his previous statement that silver is the “best investment value in the world.” present”.
On Wednesday, Kiyosaki reminded his Twitter followers that he has been “saying to buy silver for years,” noting that silver is the best investment because it has been “the worst commodity for 50 years.” He added that the gold/silver ratio is usually 1 to 15, which means that 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. Nearly 1:100. Silver going up. Electric vehicles, solar power and environmentalists love silver. FOMO,” Kiyosaki stressed.
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 Dips In September, he urged investors to get into crypto now before the world’s biggest economic crisis hits.
Last week, the author of Rich Dad, Poor Dad warned that we are in a global recession with skyrocketing 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.
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