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The famous author of the successful book rich papa poor papa, robert kiyosaki, shared his views on why the prices of gold, silver and bitcoin are up. Noting that money is cheap at the moment, kiyosaki encouraged investors to buy a silver coin and begin to enrich themselves.
Robert Kiyosaki Bullish about gold, cash, bitcoin.
Rich Dad Poor Dad's author, Robert Kiyosaki, shared his reflections on why the prices of his three major investment choices - gold, silver and bitcoin - are on the rise. Papa Rich Papa Poverty is a book co-written in 1997 by kiyosaki and sharon lechter. He's been on the best-selling list of the New York Times for more than six years. More than 32 million copies were sold in over 51 languages in more than 109 countries around the world.
Kiyosaki tweeted a question on Tuesday wondering why gold, money and bitcoin go up. He then responded to his own question, saying that it is because the poor and middle class in the United States are getting poorer and more indebted. "Please don't get poorer," he said, urging investors to buy at least one piece of silver that currently costs only $30 to start making money.
The famous author previously explained that he expects gold, silver, and bitcoin owners to get richer when the Federal Reserve pivots and prints trillions of “fake” dollars. Noting that the stock market will crash and send the prices of gold and silver higher, he predicted that gold will soar to $3,800 while silver will rise to $75 this year.
"If the Federal Reserve continues to increase interest rates, the US dollar will strengthen, which will translate into gold and silver. Buy more. When the Fed swings and lowers interest rates... you'll smile and others will cry," kiyosaki said last October. He has repeatedly said that the Fed’s interest rate hikes will kill the U.S. economy, causing stock, bond, and real estate markets to crash. He urged investors to purchase gold, money and bitcoin before federal pivots.
Kiyosaki talks about money being cheap.
While the Rich Dad Poor Dad author has been recommending gold, silver, and bitcoin for quite some time, he singled out silver in his latest tweets as being cheap and affordable, reiterating his earlier statement that silver is the “best investment value today.”
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 a “worse commodity for 50 years.” He added that the gold/silver ratio is typically from 1 to 15, meaning 1 ounce of gold can buy 15 ounces of silver. However, he stressed that in January, 1 ounce of gold may purchase 80 ounces of silver. “Cheap. Almost 1:100. The money is increasing. Evs, solar, [and] greens are fond of money. Fomo", underscored Kiyosaki.
Having recommended Bitcoin several times, he said in December that he buys more . He also explained that he is a bitcoin investor, not a trader, so he gets excited when the price of plunges. In September, he urged investors to get into crypto now before the biggest economic crash in the world happens.
Last week, the Rich Dad Poor Dad author warned that we are in a global recession with soaring bankruptcies, unemployment, and homelessness. After multiple 75-basis-point rate hikes, the Federal Reserve raised the benchmark interest rate by 25 basis points this week to a range of 4.5% to 4.75%, the highest since 2008.
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