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Tuesday, August 15, 2023

Kiyosaki Recommends Buying Silver Before It’s Gone

Above, Canadian silver maple leaf. Photo by Armand Vaquer.

For those sitting on the fence trying to decide how best to diversify their investment portfolios, the following by Robert Kiyosaki is some good food for thought.

From Bitcoin.com News:

The author of Rich Dad Poor Dad, Robert Kiyosaki, has urged investors to buy silver before it’s gone, noting that the precious metal is becoming rarer. Rich Dad Poor Dad is a 1997 book co-authored by Kiyosaki and Sharon Lechter. It has been on the New York Times Best Seller List for over six years. More than 32 million copies of the book have been sold in over 51 languages across more than 109 countries.

Kiyosaki tweeted Monday that he considers both gold and silver God’s money. However, the author pointed out that gold is multiple times more expensive than silver, noting that the latter, being an industrial precious metal, is becoming rarer due to its usage. Kiyosaki expressed his belief that silver is a better bargain as a long-term investment than gold. The well-known author further highlighted the affordability of silver, encouraging everyone to consider purchasing some before its availability diminishes. At the time of writing, the current spot price of silver is $22.70 while gold’s spot price is $1,910.50.

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