Jakarta, CNBC Indonesia – The threat of a global economic recession next year is getting closer and closer. Investors have started to think hard to save or protect their assets from the erosion of inflation and recession.
The author of the most popular book, Rich Dad Poor Dad, Robert Kiyosaki is now chirping a lot on Twitter. And his tweet has been heard by many investors. One of Kiyosaki’s tips for investors is to look for silver because the price is still low compared to gold which is already expensive.
Editor in charge of the SchiffGold blog and host of the Friday Gold Wrap Podcast and It’s Your Dime interview series, Michael Maharrey was among those who reviewed Kiyosaki’s advice. Maharrey said Kiyosaki predicted that the US (US) dollar would fall when the US central bank, the Fed, succumbed to inflation.
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“And it will happen sooner than expected,” Maharrey said, citing a series of tweets from Kiyosaksi quoted by Schiff Gold.
In addition, Maharrey reviewed the fate of the US dollar after the British pound. “I believe it will happen. I believe the US dollar will fall in January 2023 after the Fed succumbs to inflation,” she said.
He went on to say that gold and silver have both been sold out in recent months on the idea that the Federal Reserve would win its fight against inflation. But Maharrey had a brief rally in both metals after the Bank of England succumbed to inflation and returned to losing monetary policy to bail out its pension system.
“In a recent interview with Charles Payne, Peter Schiff said the Fed will eventually follow the same trajectory as the BoE,” he said.
To take advantage of the decline in the US dollar, Kiyosaki said he was buying more silver. Kiyosaki predicts that silver prices will rise between US $ 100 and US $ 500 within this decade.
He said his gold and silver dealer told him, “I can’t get gold or silver coins. The mint won’t sell me anymore.” Kiyosaki tells him that “the end of fake money” is near. Collapse of stocks, bonds, mutual funds, ETFs and real estate. Meanwhile, the price of silver remained at the USD 20 level for 3-5 years, then jumped from USD 100 to USD 500. Everyone can afford silver, even the poor.
“Collect the silver now,” Kiyosaki suggested. Whether the dollar crash is imminent or further away, Kiyosaki is right about one thing, silver is on sale right now.
Kiyosaki noted the silver-to-gold ratio. This ratio is currently above 86-1. This means that it takes more than 86 ounces of silver to buy one ounce of gold. In comparison, the modern average is between 40: 1 and 50: 1.
Historically, when spreads got this big, silver not only outperformed gold, it went massively in a short period of time. Since January 2000, this has happened four times. Kiyosaki points out that silver is an investment anyone can make.
“Because [melakukan] I suggest “buying silver”. For $ 25 dollars, anyone can purchase silver coins. Don’t take my word for it. Learn. Become rich. Don’t be stupid, ”Kiyosaki said.
During an interview with Kitco News, the bestselling author more generally recommends “real estate” including gold and silver to protect wealth when the “greatest devastation in history” occurs.
“Anything that can be printed, like stock certificates, bonds or dollars, I don’t want it. … I’m a huge fan of gold, silver, oil and hard foods … I’m a hard resource person” Kiyosaki said.
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