With his recent tweets, renowned author Robert Kiyosaki, widely known for his best-seller “Rich Dad Poor Dad,” has sparked a fresh discussion among investors. Kiyosaki highlighted his steadfast trust in the enduring worth of gold and silver in a series of thought-provoking postings, indicating a preference for the latter as the best long-term investment prospect.
The first statement on Kiyosaki’s X thread was fervent: “Gold and silver are God’s money put on Earth by God.” He emphasised the disparity in price between the two precious metals, with gold selling for far more than silver. He went on to explain that due to rising demand, silver, which is frequently seen as an industrial asset, is becoming more rare. Because of this, in Kiyosaki’s opinion, silver represents a great value for investors seeking long-term returns.
The author had similarly intense feelings towards gold. Gold, according to Kiyosaki, has “magical, spiritual, & mysterious power.” He emphasised the appeal of gold, which has endured for generations, and how it stands for financial energy that has been saved. Kiyosaki’s respect for gold was emphasised by his conviction that the precious metal may draw prosperity, fortune, and even bad luck.
Bitcoin is nice too, though
It’s interesting to note that Kiyosaki’s support for gold and silver contrasts sharply with his enthusiasm for Bitcoin, a virtual currency he previously compared to the metals. Kiyosaki showed confidence for Bitcoin’s future in the previous thoughts he offered, but he also questioned its inherent worth. He made reference to the erratic nature of Bitcoin and its ability to function more as a game of chance than a true store of wealth.
Kiyosaki still trades Bitcoin, but his recent tweets seem to have cemented his view that precious metals are a better long-term investment.
