The best-seller author of “Rich Dad Poor Dad” hopes that owners of gold, silver and bitcoin will get rich when the Federal Reserve spins up and prints trillions of “fake” dollars.
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, which 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 emphasized, 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 soar to $75 this year.
“If the Fed continues to raise interest rates, [the] US dollar will strengthen and gold, silver and bitcoin prices 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 US economy, causing stock, bond, as well as real estate markets, to collapse. He urged investors to buy gold, silver and bitcoin before the Fed changes.
Kiyosaki Says 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 earlier statement that silver is the “best investment value nowadays.”
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 “the worst commodity for 50 years.” He added that the gold/silver ratio is typically 1:15, 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 going up. Electric vehicles, solar, [and] greens love silver. FOMO,” Kiyosaki emphasized.
By Audy Castaneda
