If you ask the successful author and investor Robert Kiyosaki, there is currently one asset that is trading far below its true value. Unfortunately for us, he is not talking about Bitcoin, but about the precious metal silver. According to Kiyosaki, the market is currently paying far too little attention to silver.
In a tweet dated Feb. 20, Kiyosaki agreed with Andy Sheckman, the president of precious metals investment firm Miles Franklin, that silver is the most undervalued asset in a generation.
Basically, this means that Kiyosaki currently sees investing in silver as a generational opportunity. Furthermore, he warns his 2.3 million followers on Twitter about a possible global financial catastrophe that could appear on the horizon.
According to the popular author, it is within the realm of possibility for America to experience conditions similar to the Great Depression of the 1930s. Then he calls on his followers to buy real silver coins, which can be obtained for as little as $ 25 each.
Traditional methods are not enough
According to Kiyosaki, traditional methods of investing are not enough to survive what is to come. “I’ve been saying for years: ‘Saving money and investing in a well-diversified portfolio of stocks, bonds, mutual funds and exchange-traded funds (ETFs) is risky advice.’ Today, (it still is) very risky avies. I still believe gold, silver and Bitcoin are best for volatile times, although prices will go up and down. Be careful,” said Kiyosaki.
It is certainly not the first time that Kiyosaki calls this, so in that respect he will stick to the same story. The well-known author is convinced that the economy is about to collapse and sees hard money such as Bitcoin, gold and silver as a way to escape that malaise.