Robert Kiyosaki, the renowned financial expert behind the ‘Rich Dad’ empire, is advocating for an often overlooked asset that he believes is accessible to everyone: silver. In a recent interview with blogger SilverSlayer on ‘The Rich Dad Channel,’ Kiyosaki discussed the reasons why he considers silver to be the number one asset that offers the best financial protection going forward.
One of the key reasons Kiyosaki advocates for silver is its tangible nature. Unlike stocks and bonds, silver is a physical asset that can be held and touched. Its versatility, being used in various industries from semiconductors to jewelry, makes it a valuable and practical investment according to Kiyosaki.
Another compelling factor for Kiyosaki is the affordability of silver. With an ounce of silver costing just $24.25 as of December 26, 2023, it is within reach for any investor, unlike stocks and mutual funds that often require higher minimum investments.
While Kiyosaki acknowledges that a single ounce of silver may not lead to substantial wealth, he emphasizes the idea of consistently acquiring silver over time to build a significant investment. This approach aligns with his belief that silver is an accessible investment for everyone.
Beyond affordability, Kiyosaki and SilverSlayer highlight the increasing demand for silver in the industrial sector, particularly in the context of the growing ‘green’ economy. They anticipate a surge in demand for silver, driven by its applications in solar panels and electric vehicles, as the Green New Deal gains momentum. Coupled with the limited supply of silver, this rising demand is expected to drive prices higher, making silver an attractive investment.
Moreover, Kiyosaki expresses a preference for hard assets like silver over traditional financial assets such as the U.S. dollar. He contends that the increasing demand for silver and its tangible nature make it a more favorable investment compared to fiat currency.
As Kiyosaki continues to challenge conventional investment beliefs, his advocacy for silver as an affordable and practical asset serves as a thought-provoking perspective in the realm of personal finance and investment strategies.
