The author of Rich Dad Poor Dad, Robert Kiyosaki, has suggested that investors buy silver, stating that the precious metal is the best investment value today. 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 over 51 languages across more than 109 countries.
Kiyosaki tweeted Thursday: “Q: What is best investment value today?” He replied that the answer is silver, noting that gold’s price has climbed above $1,700 but silver has fallen to $20. “I do not touch paper gold or silver ETFs [exchange-traded funds]. I only want real gold or silver coins. Silver is an industrial precious metal. Gold is not. Do not take my word for it. Study precious metals,” he detailed.
In a follow-up tweet, he explained: Why I suggest ‘buy silver.’ For $25 bucks everyone can buy a silver coin. Don’t take my word for it. Study. Become rich. Don’t be a fool.
This was not the first time the famous author has suggested buying silver. In July, he warned that the U.S. bond market is crashing and it is the “Biggest bond crash since 1788.” He added: “I am buying more gold, silver now, and waiting for bitcoin to go lower.”
Kiyosaki has been waiting to buy bitcoin at the bottom. He said earlier this month that he is in cash position, waiting to buy bitcoin as asset prices are crashing. He believes that it will be the “greatest sale on earth.” He also said he is waiting for BTC to “test $1,100” before buying.
The famous author also warned that stocks and bonds are crashing and a depression and civil unrest are coming. Moreover, he cautioned that inflation may lead to a “Greater Depression.”News Source: Bitcoin News