The famous author of the best-selling book Rich Dad Poor Dad, Robert Kiyosaki, has discussed what he believes to be “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 has suggested that investors buy silver, saying 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 bestseller list for over six years. More than 32 million copies of the book have been sold in over 51 languages in more than 109 countries.
Kiyosaki tweeted Thursday: “Question: What is the best value investment today?” He replied that the answer is silver, noting that the price of gold has climbed above $1,700, but silver has fallen to $20. “I don’t touch paper gold or silver ETFs [exchange-traded funds]. I only want real gold or silver coins. Silver is an industrial precious metal. It’s not gold. Don’t take my word for it. Study precious metals,” he detailed.
In a follow-up tweet, he explained:
Why I suggest “buy silver.” For $25, anyone can buy a silver coin. Don’t take my word for it. Study. Get rich. Do not be stupid.
This was not the first time the famous author has suggested buying silver. In July, he warned that the US bond market is crashing and that it is the “biggest bond crash since 1788.” He added: “I’m buying more gold, silver now, 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 a cash position and waiting to buy bitcoin as asset prices crash. He believes it will be the “biggest sale on earth.” He also said he’s waiting for BTC to “test $1,100” before buying.
The famous author also warned that stocks and bonds would crash and a depression and civil unrest would follow. Moreover, he warned 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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