In a post on microblogging site, X (formerly Twitter), Kiyosaki pointed to silver’s current price of $34 an ounce, noting that it remains 60% below its all-time high. “I predict silver will rise 2X this year to at least $70 an ounce,” he wrote, adding that he recently bought more silver from the Republic Monetary Exchange.
Despite already holding significant amounts of the silver metal, Kiyosaki emphasized its accessibility for investors of all levels. “Almost everyone in the world can afford at least one ounce of silver,” he said.
Kiyosaki, a long-time critic of fiat currencies, reiterated his belief that traditional money is losing value due to inflation and government policies. “Gold, silver, and Bitcoin appear to be going up in price… only because the purchasing power… the value of fake paper money… is going down,” he said, repeating a key theme from Rich Dad Poor Dad. Kiyosaki has frequently warned that saving in cash is a flawed strategy, describing inflation as a form of “government theft” that erodes wealth.
While Kiyosaki has long advocated for alternative assets, including gold and Bitcoin, he has recently placed particular emphasis on silver. In previous statements, he has called silver the best short-term investment among the three, citing its industrial demand, particularly in renewable energy technologies. Kiyosaki has also suggested that silver could rise as high as $200 per ounce in the coming years, though without a specified timeline.
On Wednesday, spot silver added 0.8% to trade at $33.99 an ounce globally. In India, silver futures climbed Rs 178, or 0.18%, to Rs 99,639 per kilogram on the Multi Commodity Exchange, as traders increased their bets on the metal.Also read | Bitcoin, Gold, or Silver? Why Robert Kiyosaki thinks saving in cash is a bad idea(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
