“Rich Dad, Poor Dad” author Robert Kiyosaki has shared his prediction for how high he thinks gold and silver prices will go in 2023.
The famous author of the best-selling book “Rich Dad Poor Dad”, Robert Kiyosaki, has predicted that the price of gold will skyrocket to $3,800 this year, while silver will hit $75. He also shared why he became “a golden bug” and “a silver nut.”
“Rich Dad, Poor Dad” is a 1997 book co-authored by Kiyosaki and Sharon Lechter that 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 in more than 109 countries.
Gold and Silver Price Predictions for 2023 by Robert Kiyosaki
Kiyosaki tweeted the following on Thursday that ” silver will go to $75 and gold will go to $3,800 in 2023.”
He explained his involvement with gold as follows:
“I became a gold lover in 1972. I was a Marine pilot in Vietnam flying behind enemy lines, hoping to buy gold at a discount because the mine was in enemy hands. I found out that the price of gold is the same all over the world.”
The famous author also shared how he came to silver in another tweet last week: “I became a silver nut in 1964. I was looking at a dime and saw a coppery tint around the edge. I was only 17 years old, but I knew we were getting screwed with our money. Little did I know then that the US government violated Gresham’s Law, which states that counterfeit money drives out gold and silver.”
Last week, he warned investors that it could be their last chance to buy gold and silver at low prices. He expects the stock market to crash, driving up the prices of gold and silver. Currently, gold futures are trading at $1,835.30, while silver futures are trading at $24.24.
Kiyosaki on Financial Markets and More
Kiyosaki has said on numerous occasions that he does not trust the Biden administration, the Federal Reserve, the Treasury, and Wall Street.
He expects the stock, bond and real estate markets to crash, as the Federal Reserve continues to raise interest rates to combat inflation. He also thinks the US dollar is “toast.”
Besides gold and silver, Kiyosaki also recommends bitcoin. He recently said that bitcoin investors will get rich when the Federal Reserve spins up and prints trillions of “fake” dollars. The famous author also pointed out that he is a bitcoin investor, not a trader, so he gets excited when the BTC price hits a new bottom. On Saturday, he said he is buying more bitcoin, warning that the Securities and Exchange Commission (SEC) will crush most other cryptocurrencies with its regulations.
By Audy Castaneda
