Renowned author and investor Robert Kiyosaki is urging individuals to diversify their investment portfolios by adding silver, the second most precious metal globally, following gold. Kiyosaki’s recent tweet criticized the dollar as “fake” and advocated silver as a safe haven.
He noted silver’s trading at a 50% discount from its peak, despite rising demand for green energy solutions like solar electric vehicles. Kiyosaki emphasized silver’s historical role as a commodity and currency and discouraged storing wealth in “fake dollars.”
Kiyosaki has consistently recommended silver investment for financial growth, asserting its uniqueness in safeguarding and building wealth compared to fiat currencies. He warned against the declining allure of the dollar amidst the ascendant Chinese yuan.
In a prior tweet, Kiyosaki projected silver’s value to stabilize around $20 for the next 3 to 5 years, with potential long-term growth reaching $100 to $500. He underscored silver’s accessibility as an investment avenue even for those with limited means.
Recent market trends indicate a 6% surge in silver prices, prompting considerations of its investment potential. Market sentiment hinges on the US Federal Reserve chair’s upcoming speech at the Jackson Hole meeting, expected to address inflation and the economy. Silver’s rally faced setbacks due to a strengthening US dollar, waning gold prices, and reduced holdings in the SPDR Gold Trust, resulting in a short-term bearish outlook.
Aligned with Kiyosaki’s perspective, the weakening dollar against the robust yuan enhances silver’s allure. Investors are increasingly open to silver investments, embracing calculated risks amid evolving market dynamics.
