Robert Kiyosaki's Bold Prediction: Silver is the Best Investment for Wealth Protection
Renowned author of Rich Dad Poor Dad, Robert Kiyosaki, continues to challenge traditional financial wisdom with his calls for investing in precious metals and cryptocurrency. His latest warning highlights the dangers of saving in fiat currency, which he believes is "fake money" and subject to the erosive effects of inflation. Kiyosaki's message is clear: shift away from fiat currencies and consider real, tangible assets like gold, silver, and Bitcoin for wealth preservation.
Kiyosaki's Longstanding Critique of Fiat Currency
For years, Kiyosaki has been vocal about the flaws of fiat currency. He argues that government-issued money is continuously devalued by central banks through excessive printing, which fuels inflation and diminishes the purchasing power of savings. This, according to Kiyosaki, leads to financial stagnation for individuals who don't invest in assets that can withstand inflation (Forbes, 2020). His advice is simple: don't save "fake money," but instead, invest in assets like gold, silver, and Bitcoin, which have historically preserved and even increased in value.
Why Silver Is Kiyosaki's Top Pick for the Short Term
While Kiyosaki has long been a supporter of both gold and Bitcoin, his most recent focus is on silver. He believes that silver is currently undervalued and will outperform both Bitcoin and gold in the coming months. Kiyosaki predicts that silver could see a significant price surge, with the possibility of reaching $70 per ounce by the end of this year and potentially hitting $200 in the next two years.
Kiyosaki's optimism about silver stems from its industrial demand, particularly in electronics, solar panels, and medical devices. Additionally, silver's relatively low price point compared to gold makes it more accessible for small investors, allowing them to build wealth in a way that gold may not. He urges individuals to act quickly, as he believes the opportunity to invest in silver at current prices won't last long (Business Insider, 2020).
Bitcoin: A Long-Term Investment for Financial Freedom
Despite his enthusiasm for silver, Kiyosaki remains a staunch supporter of Bitcoin. He refers to Bitcoin as "the people’s money" and sees it as essential for protecting wealth against the flaws of fiat currency. Kiyosaki predicts that Bitcoin will continue to rise, potentially reaching $1 million per coin as trust in traditional currencies declines (The Guardian, 2020).
For Kiyosaki, Bitcoin offers financial freedom and a hedge against the traditional banking system. However, unlike Bitcoin, silver offers a more immediate and accessible entry point for new investors looking to secure their financial futures.
Comparing Silver, Bitcoin, and Gold
In terms of recent performance, silver has outpaced both Bitcoin and gold in annual growth. Over the past year, silver has surged by over 37%, compared to Bitcoin's 20% and gold's 36% increase. Silver’s more volatile price movements, while riskier, also provide the potential for higher rewards in a shorter time frame (MarketWatch, 2020).
Kiyosaki's argument is that, at its current price of around $34 per ounce, silver offers a compelling value for those looking to diversify their portfolios. In contrast, gold, priced at over $3,000 per ounce, is less accessible for the average investor.
Kiyosaki’s Call to Action: Invest in Real Assets
Kiyosaki’s financial philosophy is clear: diversify your wealth and protect your future by investing in real assets like gold, silver, and Bitcoin. As inflation continues to erode the value of fiat currencies, these assets serve as a hedge against economic uncertainty, government debt, and central bank policies. His advice is a reminder that in order to secure financial independence, individuals must move beyond traditional savings accounts and government-backed money (Business Insider, 2020).
In conclusion, Kiyosaki’s latest endorsement of silver highlights the importance of taking proactive steps to protect your wealth. As silver, gold, and Bitcoin each offer unique advantages, now may be the right time to reassess your investment strategy and consider diversifying your portfolio with these real, tangible assets.
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