Robert Kiyosaki is the author of Rich Dad Poor Dad. He shared his thoughts about why prices for his top three investment choices – gold and silver – are rising. Rich Dad Poor Dad was co-authored in 1997 by Sharon Lechter and Kiyosaki. For six years, it has been on The New York Times Best Sellers List. The book has been translated into more than 51 languages in more than 109 different countries.
Kiyosaki tweeted Tuesday a question asking why bitcoin, silver and gold are rising. Then he answered his own question by stating that the U.S. middle and poor are becoming more debt-strapped. He urged investors to purchase at least one silver coin, which costs $30, to get richer.
According to the famous author, he believes that gold, silver and bitcoin owners will become rich if the Federal Reserve pivots and prints trillions more fake dollars. He predicted gold would rise to $3,800 and silver to $75, noting that the stock markets will crash, sending the prices of silver and gold higher.
“If Fed keeps raising interest rates, the U.S. Dollar will become stronger, causing gold, bitcoin, and silver prices to drop. Buy more. Buy more. He repeatedly stated that Fed interest rate increases will cause the U.S. to crash, which would result in stock, bond and real estate markets plummeting. He advised investors to purchase gold, silver and bitcoin before the Fed pivots.
Kiyosaki: Silver is Cheap
The Rich Dad Poor Dad author has recommended gold, silver and bitcoin for a while. However, he highlighted silver in his most recent tweets as being affordable and cheap, reinforcing his earlier statement that silver is the best investment value right now.
Kiyosaki reminded Twitter followers on Wednesday that he had been “saying buy silver for many years,” noting that silver has been a worst commodity for fifty years and that it is therefore the best investment. Kiyosaki also stated that the gold/silver ratio in general is 1 to 15, meaning that 1 ounce gold can buy 15 grams of silver. He pointed out, however, that 1 ounce gold can purchase 80 ounces silver in January. ‘Cheap. Nearly 1:100. Silver going up. Silver is loved by EVs, solar, and [and] greenies. FOMO,’ Kiyosaki emphasized.
He stated that he was buying more BTC after recommending bitcoin repeatedly. He explained that he is a Bitcoin investor and not a trader so he gets excited when the BTC price drops. He urged investors to invest in crypto now, before the worst economic crash in history.
The author of Rich Dad Poor Dad warned last week that we are currently in a global depression with rising bankruptcies and unemployment. The Federal Reserve raised the benchmark rate by 25 base points this week, making it the highest rate since 2008.