Rich Dad Poor Dad author picks a new favorite asset

Robert Kiyosaki is the author of the famous financial literacy book called Rich Dad Poor Dad has now turned his attention toward silver, and he is calling it the best investment bargain in today’s market.

Kiyosaki posted on X that on April 22, he was buying more silver eagles because the price of silver is well below all-time highs.

“Silver is still 50% below its all-time high… today about $35,” Kiyosaki wrote. “I believe silver will [be] 2X to $70 this year.”

The financial educator also pointed out that gold is at all-time highs he owns, “plenty of Bitcoin.” He states the fact, “profit [are] made when you buy…. Not when you sell” to highlight the value of silver and encourage people to invest even with less capital. Kiyosaki mentions that this is a positive for people with not much money.

It is not the first time that Kiyosaki has praised investing in precious metals or Bitcoin, but silver has more importance and suggests a tactical position due to market chaos and inflation concerns. However, Bitcoin has reached record highs since March, currently sitting at $91,275.56, as per Kraken’s feeds. This price is up by over 5% in the last 24 hours.

With Bitcoin’s price performance and gold’s price hitting an all-time high, Kiyosaki believes that silver serves as a cheaper entry alternative for any investors unsure about purchasing an overbought asset.

In addition, in terms of crypto, another author named Fred Krueger, believes Solana is the next silver, drawing parallel with the low entry cost with potential for higher returns.