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“Rich Dad” financial guru Robert Kiyosaki offers viewers advice on how to make better investment choices. Small examples include wearing it on your wrist, on your finger, or even hanging it from your ear. He is talking about precious metals, especially gold and silver.
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In an episode of “Rich Dad Radio” posted on his YouTube channel, Kiyosaki spoke with other financial experts about why gold and silver are the true stores of money. As a sort of disclaimer, Mr. Kiyosaki purchases products from several precious metals dealers who participated in this discussion.
During the show, Kiyosaki began by sharing some of the most attention-grabbing quips he wrote in his book Rich Dad more than 25 years ago. “Savers are losers,” “A house is not an asset,” “What?” etc. Rich labor is an asset. ”
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Silver and Gold: Is it the best investment right now?
He also took a deep dive into why he thinks silver and gold are some of the best investments you can make right now. Mr. Kiyosaki shared how in 1964 he saved up his silver and started buying precious metals.
said one of his guests, Andy Shechtman, president and founder of Miles Franklin Precious Metals. For me, gold and silver simultaneously represent unencumbered wealth that is not someone else’s responsibility. It has survived everything the world has ever thrown at it. ”
In other YouTube appearances, Kiyosaki has said that Silver is a great deal to take advantage of now. “I think silver is the biggest bargain I’ve ever seen,” Kiyosaki said.
Experts predict a particularly strong year for silver
A recent CNBC article also indicates that this could be a great year for silver. CNBC quoted the Silver Association as saying, “Increasing industrial demand is the main driver of increased global demand for white metals, and the sector should reach new annual highs this year.” did.
“We think silver is going to have a great year, especially on the demand side,” Michael DiRienzo, executive director of the Silver Association, told CNBC.
how to invest in silver
Looking to invest in physical silver? The best way to do so is to research investment grade silver that is 99.9% pure (or higher) and purchase fine silver bullion online or directly from a precious metals broker. is. You can also invest in silver through silver ETFs and silver futures.
Silver and gold are often considered hedges against inflation, but silver has traditionally been more volatile in price than gold. In either case, keep your stack secret, tell only those who absolutely need to know its location, and once again, only buy products from established sellers.
GOBankingRates Details
This article originally appeared on GOBankingRates.com: Robert Kiyosaki: The most valuable investments in 2024
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