Financial author Robert Kiyosaki has issued a warning about traditional currencies while advising his followers to earn and save in alternative assets like precious metals and cryptocurrencies.
The âRich Dad Poor Dadâ author specifically highlighted silver as his top near-term investment pick.
âFor many, many years I have been recommending people not save âfake moneyâ a.k.a. FIAT government money,â Kiyosaki stated in an X tweet. âFor years I have recommended saving real gold and silver coinsâŚrecently Bitcoin (BTC). Unfortunately most people work for and save âfake money.’â
Kiyosaki emphasized his belief that traditional currency savers face decreasing purchasing power through what he calls âgovernment theft known as âinflation.’â He urged followers to start working for and saving gold, silver, and Bitcoin as a hedge against this devaluation.
Kiyosaki expresses enthusiasm for silver
Among these alternatives, Kiyosaki expressed particular enthusiasm for silverâs prospects over the next two months. âToday silver is about $35 an ounce. I believe silver may soon be $70 an ounce this year and $200 in a year or two,â he stated.
The financial educator highlighted silverâs accessibility, noting that almost everyone can afford at least one silver coin todayâŚ.but not tomorrow.
In a tweet from March 24, he addressed psychological barriers preventing people from investing in assets like Bitcoin.
âMost of us have heard of FOMO: Fear Of Missing Out. YetâŚthe main reason poor people remain poor is due to FOMM: Fear of Making Mistakes,â Kiyosaki wrote. He argued that Bitcoin has made it easy for everyone to become rich, but many will miss the opportunity due to this fear of making errors.
Kiyosaki suggested that âthe FOMO crowd investing in Bitcoin will accelerate into generational wealthâ while âthe FOMM crowd will wait till Bitcoin passed $200k this year and say âBitcoin is too expensive.’â
The financial author encouraged his audience to conduct independent research by following figures who both support and criticize Bitcoin. He suggested following Jeff Booth, Michael Saylor, and Samson Mow.
Kiyosaki also emphasized that âthe most important financial education is no longer from schools or Wall Streetâ but is freely available through platforms like YouTube.
