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Wednesday, August 30, 2023

Kiyosaki: Silver Biggest Investment Bargain Now

Above, former President Donald Trump and Robert Kiyosaki.

"Rich Dad, Poor Dad" author Robert Kiyosaki is not optimistic about the economy in the months to come.

He contends that "America is broke" and says that silver is the biggest investment bargain right now.

From GoBankingRates:

Robert Kiyosaki, author of the bestselling finance book “Rich Dad, Poor Dad,” recently shared a post on X, formerly known as Twitter, touting silver as a solid investment right now. He called it the “2nd most used commodity after oil” and pointed out that it’s currently trading 50% below its all time high.

He added, “Silver has been money for centuries.” Rather than investing in fiat money, which Kiyosaki called “counterfeit fake dollars,” investing in commodities may provide a hedge against inflation and the whims of the stock market.

Plus, silver has an affordable entry point, since you can invest in silver coins, bullion, jewelry or ETFs that track silver trends. The ETF iShares Silver Trust sells for just over $22 right now, Benzinga recently reported. Silver is selling for roughly $24 an ounce.  

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