Robert Kiyosaki, best known as the author of the bestseller “Rich Dad, Poor Dad,” predicts the price of gold will soar to $3800 and silver to $75 this year. He also shares why he has become a “gold bug” and a “silver madman.”
Robert Kiyosaki’s gold and silver price prediction for 2023
Robert Kiyosaki, author of “Rich Dad, Poor Dad,” shares his predictions for how far he thinks gold and silver prices will rise in 2023.
“Rich Dad, Poor Dad” was co-authored by Kiyosaki and Sharon Rector in 1997. It has been on the New York Times bestseller list for more than six years and has sold more than 32 million copies in more than 109 countries and 51 languages.
Kiyosaki tweeted Saturday.
He predicts silver will be $75 and gold $3800 in 2023.
he explained.” I became a gold bug in 1972. I was a Marine pilot in Vietnam flying behind enemy lines. The mines were in enemy hands, so I decided to buy gold at a discount. I found that the price of gold was the same all over the world.”
In another tweet last week, the famous writer also told how he got hooked on silver.” I became a silver maniac in 1964 when I was looking at a dime and saw that it had a coppery edge. I was only 17 years old and it occurred to me that we were being cheated out of our money. Little did I know then that the U.S. government was violating Gresham’s Law, which states that counterfeit money drives out gold and silver.”
Last week, he warned that this may be the last chance for investors to buy gold and silver at low prices. He expects the stock market to crash and gold and silver prices to soar. As of this writing, gold futures are trading at $1,835.30 and silver futures at $24.24.
Kiyosaki has said many times that he does not trust the Biden administration, the Federal Reserve, the Treasury, or Wall Street.
He expects the stock, bond, and real estate markets to crash as the Federal Reserve continues to raise interest rates to fight inflation. He also believes the U.S. dollar will be “doomed.”
{In addition to gold and silver, Kiyosaki also recommends bitcoin. He recently stated that bitcoin investors will get richer when the Federal Reserve pivots and prints trillions of “fake” dollars. On Saturday, he warned that Securities and Exchange Commission (SEC) regulations would crush most other cryptocurrencies and said he was buying more bitcoin.
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