"At Least Doubles"... 'Rich Dad' Predicts the 'New Silver Rush'

"Increase Silver Investment Allocation," Kiyosaki Urges
"Major Rally to Begin After Gold Surpasses $3,000"
"Silver Expected to Reach $70 per Ounce by Year-End"

Robert Kiyosaki, known as the author of the global bestseller "Rich Dad Poor Dad," who previously predicted a stock market crash, has now advocated a bullish outlook on silver, urging an increase in silver investment allocation.

The ring made of gold and silver is unrelated to the article content.

According to Yahoo Finance on the 26th (local time), Kiyosaki recently stated on his social media that "silver prices will at least double this year." He said, "Investors need to increase the proportion of silver in their portfolios for the time being," and predicted, "The silver price rally will truly begin once gold prices surpass $3,000."

He continued, "International silver prices are trading at about 50% below their all-time highs," and forecasted, "Once the silver rally starts, prices will rise to $70 per ounce by the end of the year." He also added, "With ongoing inflation risks, the dollar is no different from 'fake money' and its value will continue to decline," concluding, "Ultimately, those holding gold, silver, and Bitcoin will survive."

Earlier, last month, Kiyosaki warned that "the worst stock market crash in history, which I warned about in my 2013 book, is about to happen." At that time, he pointed out, "As the stock and bond markets collapse, investors will flock to Bitcoin as a safe haven," and said, "This year, the automobile market, housing market, restaurants, retailers, and even wine sales are falling. Everything is worsening and the world is on the brink of war." He added, "When millions panic, we must respond calmly and wisely," and stated, "I will listen to investors at the Vancouver Resource Investment Conference (VRIC) and examine gold and silver mines."

Robert Kiyosaki, author of 'Rich Dad, Poor Dad.' Kiyosaki SNS

In this way, Kiyosaki has repeatedly warned about the possibility of a stock market collapse over the past few years. In particular, last year, regarding the U.S. debt risk, he predicted that "all assets with bubbles, including stocks, bonds, and real estate, will collapse." However, contrary to this, the U.S. stock market in 2024 recorded historic gains driven by the artificial intelligence (AI) boom and expectations of interest rate cuts by the U.S. Federal Reserve (Fed).