Robert Kiyosaki, the best-selling author of Rich Dad Poor Dad, has projected that the price of gold will rise to $3,800 this year, while silver will reach $75. He also explained how he became a “gold bug” and “silver nut.”
Robert Kiyosaki’s gold and silver price predictions for 2023
Robert Kiyosaki, the author of Rich Dad Poor Dad, has predicted that gold and silver prices will hit a high in 2023.
Kiyosaki and Sharon Lechter co-wrote Rich Dad Poor Dad in 1997. It has spent nearly six years on the New York Times Best Seller List. More than 32 million copies of the book have been sold in more than 51 languages and 109 countries.
On Thursday, Kiyosaki tweeted:
I predict silver going to $75 and gold to $3,800 in 2023.
“I became a gold bug in 1972,” he explained. In Vietnam, I was a Marine pilot flying behind enemy lines, trying to get gold at a bargain because the mine was in enemy hands. “I discovered that the price of gold is the same all throughout the world.”
In another tweet this week, the famed novelist explained how he became hooked silver: “I became a silver nut in 1964. I saw a copper hue around the edge of a dime. I was only 17, but I could tell we were being duped with our money. I had no idea at the time that the US government was breaking Gresham’s Law, which stipulates that phony money drives out gold and silver.”
He told investors last week that this could be their final chance to buy gold and silver at cheap prices. He believes the stock market will crash, bringing gold and silver prices higher. Gold futures are currently trading at $1,835.30, while silver futures are selling at $24.24.
Kiyosaki has often stated his distrust of the Biden administration, the Federal Reserve, the Treasury, and Wall Street.
He predicts a catastrophe in the stock, bond, and real estate markets as the Federal Reserve continues to raise interest rates to combat inflation. He also thinks the US dollar is “toast.”
Related: Robert Kiyosaki claims the economy is “the largest bubble in world history,”
Kiyosaki supports bitcoin in addition to gold and silver. He recently stated that when the Federal Reserve pivots and creates trillions of “false” dollars, bitcoin investors will benefit. The well-known author also stated that he is a bitcoin investor rather than a trader, thus he feels pleased when the price of BTC reaches a new low. On Saturday, he announced that he is purchasing additional bitcoin, warning that the Securities and Exchange Commission’s (SEC) laws will kill most other cryptocurrencies.