Predictions on Silver Prices
Renowned financial author Robert Kiyosaki, well-known for his book ‘Rich Dad Poor Dad’, has made bold predictions regarding the price of silver, suggesting that an impressive surge in its value could foreshadow imminent hyperinflation. Kiyosaki anticipates that silver could reach a staggering $200 per ounce by the year 2026.
Concerns About Fiat Currency
Kiyosaki stated, “The fact that silver is currently over $70 is fantastic news for those who invest in gold and silver. However, it poses a significant risk for those who save in what he describes as ‘fake money.'”
Kiyosaki expressed his concerns that a silver price of $70 might indicate that the value of fiat currency is plummeting. He urged people not to be complacent, as he believes that as silver ascends to $200, the purchasing power of traditional money will continue to erode.
Investment Strategies
He emphasized the urgency of investing in tangible assets, stating, “Over the next year, it’s wise to accumulate more metals, as well as cryptocurrencies like Bitcoin and Ethereum.”
Kiyosaki also addressed the implications of the Federal Reserve’s recent decision to reduce interest rates, which he interprets as a move towards quantitative easing—a process he equates with the ‘printing’ of money. According to Kiyosaki, this strategy, referred to in Larry Lepard’s book ‘The Big Print’, could significantly contribute to the onset of hyperinflation, which he warns will make living costs soar for those who aren’t prepared.
Personal Investment Decisions
Kiyosaki reiterated his own strategy of investing in real assets, stating that he had increased his silver holdings immediately after the Fed’s announcement of another rate cut. He contrasts the projected future value of silver at $200 with its price of just $20 an ounce in 2024.
In reflecting on his decisions, he quipped, “Did I really need to buy more silver? The answer is no. But I refuse to let my government take advantage of me, and I plan to thrive when the fake economy collapses.”
