Best-selling author of Rich Dad Poor Dad, Robert Kiyosaki, says this may be the last chance to buy gold and silver on the cheap. “Inflation is rising. Interest rates are going up. The stock market is going to crash, which will drive gold and silver higher,” Kiyosaki said.
Robert Kiyosaki expects gold and silver to soar when the stock market crashes.
Rich Dad Poor Dad author Robert Kiyosaki says gold and silver prices are about to soar. 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 over six years. More than 32 million copies of the book have been sold in over 51 languages and in more than 109 countries.
Gold over 1800. Silver over 24. Inflation moving up. Interest rates moving up. Stock market to crash sending gold and silver higher. May be last chance to buy gold and silver at these low prices. Take care.
– therealkiyosaki (@theRealKiyosaki) December 27, 2022
Robert Kiyosaki tweeted Monday that gold is now above $1,800 and silver above $24, adding:
Inflation is rising. Interest rates are rising. The stock market will crash, driving gold and silver higher. This may be the last chance to buy gold and silver at these low prices.
Robert Kiyosaki has been telling investors to buy gold, silver and bitcoin for some time. He had previously emphasized that he only invests in physical gold and silver, not gold or silver exchange traded funds (ETFs).
Many people on Twitter reminded Robert Kiyosaki that he had been giving the same warning for years. Some disagreed with the author, expecting the price of gold to fall from its current level.
“Gold & silver prices plunge as Fed continues to raise interest rates“, Robert Kiyosaki explained in October, adding:
Raising interest rates will kill the economy. Stocks, bonds and real estate will collapse. The Fed will pivot. Buy gold, silver and bitcoin before the Fed pivots.
However, he cautioned, “Gold, silver, bitcoin can protect your wealth but not your income“. He notes, “When the economy is crashing, stock markets are crashing, pensions are crashing, and unemployment is rising, a side business can provide you with income. Your side business can become the next Amazon or bitcoin.“
Earlier this month, Robert Kiyosaki said he expects people who own gold, silver and bitcoin to get rich when the Fed pivots and prints trillions of dollars to deal with the crisis. In July, when the price of silver fell to about $20, he called silver the best investment value today.
In addition, Kiyosaki often recommends buying bitcoin in addition to gold and silver. He recently made it clear that he is a bitcoin investor. Bitcoin has hit a new low. In September, he urged investors to get into crypto now, before the biggest economic crash happens.