Robert Kiyosaki, author of the bestselling book ‘Rich Dad Poor Dad’, predicts that gold and silver will hit record highs this year. Kiyosaki also explains why he loves gold and silver so much.
Legendary, legendary gold and silver price predictions!
Rich Dad Poor Dad is a 1997 book co-written by Robert 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 more than 109 countries and in more than 51 languages.
cryptocoin.com As you follow, the famous writer Robert Kiyosaki, who is known for his prophecies of disaster, thinks that 2023 will be the year of gold and silver. Kiyosaki shares his predictions for how much gold and silver will rise this year. Kiyosaki tweeted on Thursday:
I predict silver will hit $75 and gold $3,800 in 2023.
How did the golden beetle and the silver nut happen?
The author of ‘Rich Dad Poor Dad’ describes how he turned into a gold bug:
I became a golden bug in 1972. In Vietnam, I was a naval pilot flying behind enemy lines in hopes of buying discounted gold because the mine was in enemy hands. I learned that the price of gold is the same all over the world.
The investment legend also shared how he got into silver in another tweet last week. In these posts, Kiyosaki stated the following:
I became a silver nut in 1964. I was looking at a coin and saw a copper color around the edges. I was only 17, but I knew we were being ripped off with our money. I didn’t know at the time that the US government violated the Gresham Act, which states that counterfeit money expels gold and silver.
Kiyosaki’s favorite investment instruments
Meanwhile, Robert Kiyosaki warned last week that this may be their last chance for investors to buy gold and silver at low prices. Because, the famous writer claims that gold and silver prices will rise and the stock market will collapse. At the time of this writing, gold futures were trading at $1,835.30, while silver futures were trading at $24.24.
Kiyosaki has repeatedly said that he does not trust the Joe Biden administration, the Federal Reserve, the Treasury and Wall Street. As the Federal Reserve continues to raise interest rates to combat inflation, it expects the stock, bond and real estate markets to collapse. He also believes that the US dollar is ‘toast’. In this context, he shared the following from October last year:
Goodbye US dollar. Saudi Arabia officially joined the BRICS. 1974 US Dollar became Petro Dollar. A day after Biden’s withdrawal from Afghanistan, the Saudis began negotiations with Russia and China… Toast in US dollars. Buy gold, silver and Bitcoin.
Alongside the yellow metal and silver, Kiyosaki also recommends Bitcoin. He recently said that Bitcoin investors will get richer when the Fed turns around and prints trillions of ‘fake’ dollars. The famous author also noted that he is a Bitcoin investor, not a trader, and therefore gets excited when the price of BTC hits a new low. On Saturday, he announced that he was buying more Bitcoin, warning that it would crush most other cryptocurrencies with the Securities and Exchange Commission (SEC) regulations.