Rich Dad Poor Dad Author says one asset is most undervalued in a generation – and it’s not Bitcoin
Best-selling author Robert Kiyosaki says one asset is trading way below fair value – and he’s not talking about his favorite crypto-asset, Bitcoin (BTC).
Rich Dad Poor Dad author says his 2.3 million Twitter followers that investors are not paying enough attention to the precious metal silver.
According to Kiyosaki, he agrees with Andy Schectman, the president of precious metals investment firm Miles Franklin, that silver is the most undervalued asset in a generation.
Kiyosaki, a long-time investor in gold and silver, also warns his followers that a global financial catastrophe may be on the horizon.
According to the popular author, it is within the realm of possibility for the country to witness conditions similar to the Great Depression of the 1930s.
“Please. Please, please. World economy on the brink of collapse. Bank runs next? Savings frozen? Bail-ins next? I make no money when you buy REAL silver coins. I just want you to be prepared for what’s coming. You can buy a real silver coin for about $25. Please be careful.”
He also says that traditional investment methods are unlikely to be enough to protect people from his predicted economic collapse.
“For years I’ve been saying, ‘Saving money and investing in a well-diversified portfolio of stocks, bonds, mutual funds and exchange-traded funds is risky advice.'” Today, [it’s still] very risky advice. I still think gold, silver, Bitcoin best for volatile times, even though prices will go up and down. Have a good time.”
At the time of writing, Bitcoin is trading at $22,516.
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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making high-risk investments in Bitcoin, cryptocurrency or digital assets. Please note that your transfers and trades are at your own risk and any losses you incur are your responsibility. The Daily Hodl does not recommend the purchase or sale of cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Featured image: Shutterstock/Oliver Denker
