Why Robert Kiyosaki wants you to invest in silver anyhow
What's the story
Renowned author Robert Kiyosaki, best known for his book Rich Dad Poor Dad, has sparked a debate with his latest financial advice. He has suggested that people should start investing in silver even if it means skipping a meal. In a recent post on X, Kiyosaki said that even small purchases of precious metals can be an important first step toward understanding money and building long-term wealth.
Investment strategy
Financial education often begins with small actions
Kiyosaki has suggested that anyone can start investing in silver with a small amount of money. He stressed that financial education often begins with small actions. "For just $10 anyone can invest in silver. If you do not have a spare $10 stop eating for one day," said the renowned author. He also suggested buying small amounts of what he calls "junk real silver," like old dimes or quarters, from gold and silver dealers.
Market prediction
Kiyosaki warns of an impending global financial crisis
Along with his silver advice, Kiyosaki has also warned about an impending global financial crisis. He had predicted a major stock market crash in his 2013 book Rich Dad's Prophecy, and believes the biggest market collapse in history is still to come. He thinks that rising global debt and structural weaknesses in the financial system could trigger another major downturn.
Asset preference
Shift toward alternative assets
In light of these predictions, Kiyosaki has been advocating for tangible and alternative assets over the traditional financial instruments. He has repeatedly advised investors to stock up on gold, silver, Bitcoin, Ethereum, and even consider some partnerships in real oil wells.