Best-selling author Robert Kiyosaki says that one asset is trading far below its fair value – and he’s not talking about his favorite crypto asset, Bitcoin (BTC).
The Rich Dad Poor Dad author tells his 2.3 million Twitter followers that investors are not paying enough attention to the precious metal silver.
According to Kiyosaki, he agrees with Andy Schectman, the president of precious metals investment firm Miles Franklin, that silver is the most undervalued asset in a generation.
Andy Scheckman says: “Silver is the most undervalued asset of a generation.” I agree.
— Robert Kiyosaki (@theRealKiyosaki) February 20, 2023
Kiyosaki, a longtime investor in gold and silver, also warns his followers that a global financial catastrophe could be on the horizon.
According to the popular author, it is within the realm of possibility for the country to witness conditions akin to the Great Depression during the 1930s.
“Please. Please Please. World economy on verge of collapse. Runs on banks next? Savings frozen? Bail-ins next? I make no money when you to buy REAL silver coins. I simply want you prepared for what is coming. You can buy a real silver coin for about $25. Please take care.”
He also says that traditional investment methods are likely not going to be enough to protect people from his predicted financial collapse.
“For years I have been saying, ‘Saving money and investing in a well-diversified portfolio of stocks, bonds, mutual funds and exchange-traded funds is risky advice.’ Today, [it’s still] very risky advice. I still believe gold, silver, Bitcoin best for unstable times, although prices will go up and down. Take care.”
At time of writing, Bitcoin is trading at $22,516.Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox
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Featured Image: Shutterstock/Oliver Denker