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- Renowned investor and best-selling author of ‘Rich Dad Poor Dad’, Robert Kiyosaki, continues to warn of an impending large-scale financial collapse.
- Kiyosaki advises accumulating certain assets as a precaution against potential losses, ranging from precious metals like gold and silver to cryptocurrencies such as Bitcoin, Ethereum, and Solana.
- “Silver and Ethereum are particularly good buys today,” Kiyosaki asserts, highlighting their investment potential amidst economic uncertainty.
Explore why Robert Kiyosaki recommends silver and Ethereum as key investments to safeguard against an economic downturn.
First Choice Without Hesitation: Silver
As followed on CoinOtag, Robert Kiyosaki frequently discusses crisis narratives. He predicts a dollar crash in the future and encourages his followers to take protective measures. Currently, silver, which is nearing its highest price in a decade and experiencing a supply deficit for the fifth consecutive year due to rising demand in technology and renewable energy sectors, is one of Kiyosaki’s top recommendations. Experts predict that the price of silver will continue to rise, breaking the $30 resistance level. Presently, silver is trading at $29.68, showing a daily increase of 0.02%, a weekly rise of 4.73%, and a monthly gain of 5.33%.
Kiyosaki’s Second Choice: Ethereum
Robert Kiyosaki holds Ethereum and believes it is currently a good buying opportunity. He purchased Ethereum for the same reasons he holds gold, silver, and Bitcoin, asserting that “the dollar is fake.” Ethereum recently surpassed the critical $3,000 mark. The momentum for the leading altcoin continues upward following the Denice upgrade, which led to a monthly inflation of 0.38%. Ethereum is now trading at $3,038.43, with a daily increase of 1.19% and gaining 0.34% over the week, moving towards recovering from a monthly loss of 0.67%.
Conclusion
Some of the ‘Rich Dad’ author’s predictions about commodities, including decentralized finance (DeFi) flagship asset Bitcoin (BTC) and precious metals gold and silver, have materialized in 2023. Therefore, his opinions carry weight in the market. However, it is crucial to conduct personal research before investing. The views and predictions in this article belong to Robert Kiyosaki and are not intended as investment advice. As always, do your own research before investing.
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