The famous author of the best-selling book Rich Dad Poor Dad, Robert Kiyosaki, referred to what he did as the “best value investment today”.
What is the best investment value today? Rich Dad Poor Dad’s Robert Kiyosaki Answers
Rich Dad Poor Dad author Robert Kiyosaki suggested investors buy silver, saying the precious metal is the best value investment today. Rich Dad Poor Dad is a 1997 book co-authored by Kiyosaki and Sharon Lechter. It has been on the New York Times bestseller list for more than six years. Over 32 million copies of the book have been sold in over 51 languages in over 109 countries.
Kiyosaki tweeted Thursday, “Q: What is the best investment value today?” He replied that the answer is silver, noting that the price of gold rose above $1,700 but silver fell to $20. “I don’t touch ETFs or paper money [exchange-traded funds]. I only want real gold or silver coins. Silver is an industrial precious metal. Gold is not. Don’t take my word for it. Study precious metals,” he detailed.
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In a follow-up tweet, he explained:
Why I suggest “buying silver”. For $25 anyone can buy a silver coin. Don’t take my word for it. Study. To become rich. Don’t be silly.
It was not the first time that the famous author offered to buy silver. In July, he warned that the US bond market was collapsing and that it was the “biggest bond crash since 1788”. He added: “I’m buying more gold, silver now and waiting for bitcoin to go down.”
Kiyosaki waits to buy bitcoin downstairs. He said earlier this month that he was in a cash position, waiting to buy bitcoin as asset prices crash. He thinks it will be the “biggest sale on earth”. He also said he was waiting for BTC to “test $1,100” before buying.
The famous author also warned that stocks and bonds are crashing and that a depression and civil unrest are ahead. Moreover, he avoided that inflation could lead to a “greater depression”.
Do you agree with Rich Dad Poor Dad author Robert Kiyosaki? Let us know in the comments section below.
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