- Robert Kiyosaki predicts silver will hit $70 per ounce, citing inflation concerns and growing industrial demand outpacing supply.
- Silver’s industrial use in electronics and solar panels supports a bullish outlook, making it an attractive inflation hedge for investors.
- Kiyosaki’s past market predictions have often been inaccurate, with repeated crash warnings failing to materialize long-term.
Robert Kiyosaki, the Rich Dad Poor Dad author, recently predicted that silver prices will take a sharp rise. He once again stated that silver is undervalued, trading at just $34 an ounce while gold has just hit an all-time high of $3,115. Kiyosaki predicts that silver will double to $70 an ounce this year.
He contends that the price of Bitcoin and precious metals is not actually rising. Rather, fiat money’s purchasing power is decreasing. Those who invest in Bitcoin, silver, and gold will safeguard their riches, claims Kiyosaki. Saving conventional currency is discouraged by him, who refers to it as “fake paper money.”
Silver also has a unique demand-supply scenario. Silver, relative to gold, is used in vast quantities by industry in solar panels, electronics, and medical equipment. Furthermore, the reality that demand for silver outstrips supply lends credence to Kiyosaki’s optimistic projections.
Prices may increase dramatically if industrial and investment demand continue to be robust. Furthermore, silver continues to be undervalued in relation to gold. Silver may be a viable option for investors looking for a low-cost inflation hedge. As a result, this might spur a price increase, confirming Kiyosaki’s prediction.
Kiyosaki’s Track Record and Market Trends
Despite Kiyosaki’s strong claims, his market predictions have often been incorrect. A historical analysis of his past tweets shows repeated crash warnings, none of which materialized long-term. In 2011, he hinted at economic turmoil, yet the S&P 500 climbed higher. In 2015, he predicted a crash, but markets rebounded.
He launched Cash In On The Crash in 2016, yet no major collapse followed. His 2018 warning about a massive crash was met with further market gains. Despite the 2020 epidemic, the market recovered swiftly. He forewarned of an “everything crash” in 2022, but equities kept rising.
