Silver Price Expected to Triple by Year-End
"Possible Short-Term Drop in Bitcoin and Gold"
Robert Kiyosaki, author of the global bestseller "Rich Dad Poor Dad," has named silver as a new investment alternative.
According to crypto-focused media outlet U.Today on the 28th (local time), Kiyosaki predicted a potential surge in the price of physical silver via his social networking service (SNS) account. He mentioned the possibility of a short-term drop in Bitcoin and gold prices, emphasizing, "Today, the best investment is silver."
He added, "Today, anyone can buy silver, but that may not be the case tomorrow," forecasting that silver prices will skyrocket in July.
Kiyosaki explained that "the current price range of silver is very low, making it accessible to everyone," and predicted, "Since silver is used as a raw material in strategic industries, demand will continue to rise." He assessed that silver is currently undervalued and projected that its price would more than triple to exceed $100 per ounce by the end of this year. The current international price of silver is $35.97 per ounce.
Kiyosaki also maintained an optimistic outlook for Bitcoin and gold. However, he stated, "Both assets will undergo a short-term price correction," adding, "I plan to buy more during the dip. This is just my opinion, so do your own research." In the long term, Kiyosaki expects Bitcoin to surpass $1 million and gold to exceed $30,000 per ounce by 2030. He also believes that silver has a high potential for a sharp rise due to industrial demand and changes in the global monetary system.
Regarding the current situation in which U.S. debt has exceeded $37 trillion, he described it as "the largest debt bubble in history," warning that the collapse of the financial system is highly likely to become a reality. Kiyosaki referred to cash and bonds as "fake money," cautioning that "those who rely on these assets will be the biggest victims."
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