Robert Kiyosaki, author of Rich Dad Poor Dad, highlighted an investment vehicle that, according to him, trades below its real value. Kiyosaki is not talking about Bitcoin or gold this time.
Robert Kiyosaki relies on this precious metal, not Bitcoin or gold
Robert Kiyosaki, one of the best-selling authors, feels that investors are not paying enough attention to the precious metal Silver. Kiyosaki says on his Twitter account that Silver is the least valued asset. The legendary author also agrees with Andy Schectman, president of precious metals investment firm Miles Franklin.
However, Kiyosaki, a seasoned gold and silver investor, also warned of the possibility of an impending financial crisis around the world…
Please. Please Please. World economy on verge of collapse. Runs on banks next? Savings frozen? Bail-INs next? I make no money when you to buy REAL silver coins. I simply want you prepared for what is coming. You can buy a real silver coin for about $25. Please take care.
— Robert Kiyosaki (@theRealKiyosaki) March 1, 2023
Kiyosaki says that the world may experience an economic crisis similar to the Great Depression in the 1930s. He also argues that traditional investment strategies probably won’t be enough to protect people from possible financial disasters.
At an important point, the finance writer said it’s unsafe advice to save money and invest in a well-diversified portfolio of stocks, bonds, mutual funds, and exchange-traded funds. While prices will fluctuate, he thinks the biggest investments for uncertain times are gold, silver and Bitcoin.
Robert Kiyosaki says silver is in the zone of opportunity
cryptocoin.com Robert Kiyosaki, whose analyzes we share with you, has been warning about the approaching economic depression for a while. In his latest statements, he highlighted silver as an investment tool that could save him from this crisis. Kiyosaki says the opportunity to buy silver at its current price of $20 should not be missed:
Please. Please please. The world economy is on the verge of collapse. Will the banks be attacked now? Are the funds in the bank frozen? I don’t make any money when you buy REAL silver. I just want you to be prepared for what is to come. You can buy a real silver coin for about $25. Please take care of yourself.
The finance writer is also one of the experts who set the bar high about the future value of Bitcoin. Earlier this month, he predicted that the Bitcoin price would rise to $500,000 by 2025. Meanwhile, Bitcoin is busy stopping the price thinking caused by recent developments.
Silvergate’s drop wiped $1,000 off Bitcoin
Crypto-friendly bank Silvergate Capital (SI) has been caught in the midst of intense Fud news after it delayed submitting its annual financial report last week. The news of the bankruptcy led to a nearly 50% drop in Silvergate’s shares. JPMorgan says it lost $886 million from the sale of Silvergate’s securities in the last quarter, causing the bank’s tangible book value to drop by more than half to $12.93 per share.
