The author of the best-selling book Rich Dad Poor Dad, Robert Kiyosaki, has given his opinion on why gold, silver and bitcoin prices are rising. Noting that silver is cheap right now, Kiyosaki urged investors to buy a silver coin and start getting rich.
Robert Kiyosaki is bullish on gold, silver and bitcoin.
Rich Dad Poor Dad author Robert Kiyosaki explained why the prices of his top three investments – gold, silver and bitcoin – are on the rise. Rich Dad Poor Dad is a book published in 1997 and co-authored by Kiyosaki and Sharon Lechter. It has been on the New York Times bestseller list for more than six years. More than 32 million copies of the book have been sold in over 51 languages and in more than 109 countries.
On Tuesday, Robert Kiyosaki tweeted a question asking why gold, silver and bitcoin are higher. He then responded to his own question, saying it’s because the poor and middle class in the U.S. are getting poorer and taking on more debt. “S’please don’t get poorer” he stressed, urging investors to buy at least one piece of silver that costs only $30 right now to start getting richer.
Q: Why are gold, silver, Bitcoin going higher? A: Because US poor and middle class getting poorer and deeper in bad debt. Please don’t get poorer. At least buy one silver coin. Only $30 and start to get richer.
Robert Kiyosaki (@theRealKiyosaki) January 31, 2023
The famous author has previously explained that he expects owners of gold, silver and bitcoin to get richer when the Federal Reserve pivots and prints trillions of “fake” dollars. Noting that the stock market will crash and drive up the prices of gold and silver, he predicted that gold will reach $3,800 and silver $75 this year.
“If the Fed continues to raise interest rates, the U.S. dollar will strengthen, causing gold, silver and bitcoin prices to fall. Buy more. When the Fed pivots and lowers interest rates … you’ll be smiling while others are crying“, Kiyosaki tweeted in October last year. He has repeatedly said the Fed’s interest rate hikes will kill the U.S. economy, causing the stock, bond and real estate markets to collapse. He urged investors to buy gold, silver and bitcoin before the Fed changes course.
Kiyosaki says silver’is cheap
While the Rich Dad Poor Dad author has been recommending gold, silver and bitcoin for some time, he has referred to silver in his latest tweets as cheap and affordable, reiterating his earlier statement that silver is the “best investment value today“.
On Wednesday, Robert Kiyosaki reminded his followers on Twitter that he “said to 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 generally 1 to 15, which means that 1 ounce of gold can buy 15 ounces of silver. However, he noted that in January, 1 ounce of gold can buy 80 ounces of silver. “Cheap. Almost 1:100. Silver is going up. EVs, solar, and greenies love silver. FOMO“, Robert Kiyosaki pointed out.
Been saying buy silver for years. Silver best because silver worse commodity for 50 years. Gold/silver ratio usually 1 to 15. That means 1 oz gold buys 15 oz silver. Jan 2023 1 oz gold buys 80 oz silver. Cheap.Almost 1:100 Silver going up. EVs, Solar, Greenies luv silver.FOMO.
Robert Kiyosaki (@theRealKiyosaki) February 2, 2023
After repeatedly recommending bitcoin, he said in December that he was buying more bitcoins. 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 crash happens.
Last week, the Rich Dad Poor Dad author 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.