Robert Kiyosaki is the author of the best-selling book “Rich Dad Poor Dad” and a successful entrepreneur and billionaire. He advises that investors take advantage of the Fed’s current policy to buy gold, silver, and bitcoin.
With the Federal Reserve about to raise interest rates 75 basis points for the fourth time in a row, Robert Kiyosaki, who appeared in a Kitco interview on Monday, suggests that this is a good time to take advantage and buy precious metals and bitcoin.
According to Kiyosaki, the strength of the U.S. dollar index is having the effect of keeping a lid on the price of precious metals. He says that this will not continue to happen, and at some point the index will drop and metals will climb higher.
He points out what has recently happened with pound sterling, whereby the plunge in its price together with other issues, especially in the gilts market, forced the Bank of England to pivot and start to follow a quantitative easing policy once more. Kiyosaki believes the same will happen with the dollar.
The entrepreneur says that he cannot get anymore gold or silver coins from his trusted bullion dealer, who said “I can’t get gold or silver coins. The mint will not sell me anymore.”
He said in other comments to his followers that the gold:silver ratio used to be 47:1 back in the 20th century, and that right now the ration was sitting at 83:1. He suggested that “everyone can buy a silver coin” and that his followers shouldn’t take his word for it and that they should study in order to become rich.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
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