Robert Kiyosaki, the renowned investor and author of “Rich Dad Poor Dad,” recently shared his thoughts on the best bargain in the market right now. While he acknowledged the issue of an abundant supply of mined precious metals such as gold and silver, Kiyosaki argued that silver could be the most favorable option.
According to Kiyosaki, silver holds value not only as a precious metal but also as an industrial and strategic metal. He emphasized that the demand for silver has been rising due to the numerous wars unfolding globally. Additionally, Kiyosaki pointed out that Tesla, under the leadership of Elon Musk, has obtained rights to several silver mines as part of its plan to use the metal for manufacturing electric vehicles. Despite all these factors, the price of silver remains below its all-time high.
At the time of publication, the price of silver was $24.81 per ounce, exhibiting a slight decline of 0.35% on that day. However, it had increased by 2.44% over the past week and experienced a 7.88% surge in the last month.
Robert Kiyosaki’s assessment is accurate in highlighting that silver is still an affordable precious metal and has the potential to double in price from its current state. Moreover, its increasing demand in industries like technology further supports the notion of its price appreciation.
Nevertheless, it is important to remember that investing carries risks. Conducting thorough research before allocating a substantial portion of one’s portfolio to any asset, whether it be a precious metal or a cryptocurrency like Bitcoin, is crucial. It is advisable to make informed decisions and be aware that investing always entails the possibility of capital loss.
Disclaimer: The information provided in this article should not be considered as investment advice. Investing involves speculation, and there is always a risk of capital loss.