Bitcoin, Gold, Silver Make Smart People Richer, Says Robert Kiyosaki, While CNBC Warns Investors Against XAG

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Fri, 07/24/2020 - 08:43
Yuri Molchan
Prominent Bitcoin supporter Robert Kiyosaki believes that BTC, silver and gold make smart people richer, while Peter Schiff says CNBC is warning investors against silver
Cover image via www.facebook.com
Contents

Vocal Bitcoin supporter and investor Robert Kiyosaki has again mentioned Bitcoin and the Federal Reserve in his tweet, saying exactly what unites old-school gold investors and young Bitcoin ones.

Meanwhile, according to Peter Schiff, CNBC is warning its audience against laying their hands on silver at the moment, expecting XAG to start dropping soon.

Here’s what unites gold and Bitcoin investors, Kiyosaki says

In his recent tweet, the investment guru and "Rich Dad, Poor Dad" author, Kiyosaki, stated that it is the "corrupt Fed" that brings together old-school gold investors and young Bitcoin fans.

The U.S. Federal Reserve works for Wall Street, not for the common good, Kiyosaki wrote. That is why, according to him, Bitcoin, gold and also silver (which he mentioned earlier as an inflation hedge) make smart people richer and stronger against the Fed.

Image via @theRealKiyosaki

At the moment, Kiyosaki says, gold has surged 1.3 percent to $1,860 per ounce and silver has risen 6.7 percent to $23 per ounce. But XAG is still fifty percent lower than its previous all-time high.

Image via TradingView

Kiyosaki reminds his audience that silver is cheap and is easy to find in the form of dollar coins that go for the price of $25 each. Previously, he stated the same about Bitcoin, saying that investors can stock up on satoshis.

However, he believes that ninety percent of his audience will hardly make any effort to increase their wealth by using this data.

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CNBC provides a great bullish signal for XAG: Peter Schiff

Gold bug Peter Schiff has taken to Twitter to share some bullish signals for gold and silver which may look like bearish ones when provided by CNBC.

He wrote that CNBC analysts are warning investors not to lay their hands on silver, since "the big jump is indicative of a speculative blow-off top."

In fact, Schiff says, this should be interpreted the other way around and investors should prepare for a bull market to start. He tweeted:

"CNBC is warning its viewers not to buy silver. The network thinks the big jump is indicative of a speculative blow-off top. It's actually just the opposite. It's the beginning of bull market. The fact that CNBC is so bearish is as good a buy signal as one could hope for."

The same is true for gold, he tweets, saying that investors are ditching their gold stocks, while the XAU price is going up and the USD is falling. This is also indicative of the current bull rally likely being long term.

"The fact that gold stocks are selling off with the stock market despite a rising #gold price and falling dollar shows that even gold stock investors don't understand what's happening, let alone what's about to happen. A great indicator that this gold bull has a long way to run."

About the author

Yuri is a journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future. ‘Hodls’ cryptocurrencies. Has written for several crypto media. Currently is a news writer at U.Today, can be contacted at yuri.molchan@u.today.


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