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'Rich Dad Poor Dad' Kiyosaki Unveils Ultimate Long-Term Bargain, and It Isn't Bitcoin

Mon, 08/14/2023 - 09:21
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Gamza Khanzadaev
Bitcoin advocate Robert Kiyosaki reveals ultimate long-term bargain
'Rich Dad Poor Dad' Kiyosaki Unveils Ultimate Long-Term Bargain, and It Isn't Bitcoin
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Renowned author Robert Kiyosaki, best known for his best-seller "Rich Dad Poor Dad," has ignited a new debate among investors with his recent tweets. In a series of thought-provoking posts, Kiyosaki expressed his unwavering belief in the timeless value of gold and silver, signaling a preference for the latter as the ultimate long-term investment opportunity.

'Rich Dad Poor Dad' Author Expects Stock Market to Collapse, Sees Depression Coming

Kiyosaki's X thread began with a fervent proclamation: "Gold and silver are God's money put on Earth by God." He highlighted the price discrepancy between the two precious metals, with gold commanding a significantly higher value than silver. He elaborated that silver, often viewed as an industrial asset, is growing scarcer due to increasing demand. This, according to Kiyosaki, positions silver as an exceptional deal for those eyeing long-term gains.

The author's sentiments on gold were equally profound. Kiyosaki hailed gold as having "magical, spiritual, & mysterious power." He emphasized the centuries-long allure of gold and its symbolic representation of stored financial energy. Kiyosaki's belief in gold's ability to attract wealth, good fortune and even misfortune underscored his reverence for the precious metal.

Bitcoin is nice too, though

Interestingly, Kiyosaki's advocacy for gold and silver is in stark contrast to his affinity for Bitcoin, a digital asset he previously likened to the metals. In his views shared earlier, Kiyosaki expressed optimism about Bitcoin's future but simultaneously questioned its intrinsic value. He alluded to the volatility of BTC and its potential to be a speculative game rather than a genuine store of value.

However, while Kiyosaki continues to trade Bitcoin, his recent tweets appear to crystallize his position on precious metals as a safer haven for long-term investment.

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About the author

Financial analyst, trader and crypto enthusiast.

Gamza graduated with a degree in finance and credit with a specialization in securities and financial derivatives. He then also completed a master's program in banking and asset management.

He wants to have a hand in covering economic and fintech topics, as well as educate more people about cryptocurrencies and blockchain.