Robert Kiyosaki, the best-selling author of Rich Dad Poor Dad, has predicted 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.”
Predictions for Gold and Silver Prices in 2023 by Robert Kiyosaki
Robert Kiyosaki has predicted that gold and silver prices will reach a high in 2023.
Kiyosaki and Sharon Lechter co-wrote Rich Dad Poor Dad in 1997. It has spent over 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:
“In 2023, I expect silver to reach $75 and gold to reach $3,800.”
“I became a gold bug in 1972,” he explained. In Vietnam, I was a Marine pilot flying behind enemy lines, hoping to buy gold at a bargain because the mine was in enemy hands. “I discovered that the price of gold is the same all over the world.’
Here is it:
I became a gold bug in 1972. I was a Marine pilot in Vietnam flying behind enemy lines hoping to buy gold at a discount because the mine was in enemy hands. Found out the price of gold is the same all over the world. I predict silver going to $75 and gold to $3800 in 2023.— Robert Kiyosaki (@theRealKiyosaki) December 29, 2022
In another tweet last week, the famous author explained how he got into silver: “I became a silver nut in 1964. I noticed a copper tinge 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 states that fake money drives out gold and silver.”
He warned investors last week that this could be their last chance to buy gold and silver at low prices. He believes the stock market will crash, sending gold and silver prices higher. Gold futures are currently trading at $1,835.30, while silver futures are trading at $24.24.
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Kiyosaki has repeatedly stated his distrust of the Biden administration, the Federal Reserve, the Treasury, and Wall Street.
He predicts a crash 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.”
Kiyosaki recommends bitcoin in addition to gold and silver. He recently stated that when the Federal Reserve pivots and prints trillions of “fake” dollars, bitcoin investors will benefit. The well-known author also stated that he is a bitcoin investor rather than a trader, so he gets excited when the price of BTC reaches a new low.
On Saturday, he announced that he is purchasing more bitcoin, warning that the Securities and Exchange Commission’s (SEC) regulations will crush most other cryptocurrencies.