(Kitco News) In another message to his followers, best-selling author of “Rich Dad Poor Dad” Robert Kiyosaki said it was time to use the Federal Reserve’s aggressive stance to buy more gold, silver and bitcoin.
As the Fed prepares to hike interest rates by another 75 basis points at its November meeting for the fourth straight day, Kiyosaki says it’s time to start buying precious metals, and that includes Bitcoin.
“BUY OPPORTUNITY: If the Fed keeps raising interest rates, the US Dollar will strengthen, causing gold, silver and bitcoin prices to fall. BUY more. If the Fed turns around and cuts interest rates, like it England has just done you will smile while others cry. Take care,” he tweeted over the weekend.
BUYING OPPORTUNITY: If the Fed continues to raise interest rates, the US dollar will strengthen, causing gold, silver and bitcoin prices to fall. buy more. When the Fed turns around and cuts rates like Britain just did, you will smile while others cry. Watch after
— therealkiyosaki (@theRealKiyosaki) October 2, 2022
The US dollar’s strength, which has sustained massive downward pressure on gold and silver, will not last, Kiyosaki added. Throughout the third quarter, the US Dollar Index traded near 20-year highs.
“Will the US dollar follow the British pound sterling? I think so. I believe the US dollar will plummet by January 2023 after the Fed turns around,” he said in another recent tweet.
Will the US dollar follow the British pound sterling? I believe it will. I believe the US dollar will plummet by January 2023 after the Fed pivots. To take advantage of the US Dollar crash, I bought many more US Silver Buffalo cartridges. Silver is a bargain. I will not be a victim of the F*CKed FED. Watch after.
— therealkiyosaki (@theRealKiyosaki) October 1, 2022
To make money, the bestselling author said he’s buying more silver. “To capitalize on the US Dollar crash, I bought a lot more US Silver Buffalo bullets. Silver is a bargain. I will not be a victim of the F*CKed FED,” he said.
Kiyosaki sees silver going to $100 and then $500 within this decade. “ENDS HERE. Did Jerry Williams call my trusted gold and silver dealer. He said, ‘I can’t get any gold or silver coins. The coin won’t sell me anymore.’ To me that means the end of FAKE$ is here,” Kiyosaki tweeted. “Stocks, bonds, mutual funds, ETFs and real estate are all crashing. As PREDICTED, the middle class will be wiped out. Silver will stay at $20 for 3-5 years and then go up to $100-$500. Anyone can afford silver, even the poor. Collect silver now.”
END is HERE. Did Jerry Williams call my trusted gold and silver dealer. He said, “I can’t get any gold or silver coins. The mint won’t sell me anymore.” To me, that means the end of FAKE$ is here. As mentioned in a previous tweet, silver will rally to $100-$500. To get. protect yourself
— therealkiyosaki (@theRealKiyosaki) September 20, 2022
Citing the gold to silver ratio, the bestselling author explained that the gold to silver ratio in the 20th century was 47:1, meaning it took 47 ounces of silver to buy one ounce of gold. Right now that ratio is around 83:1.
“Why I Propose to Buy Silver.” Anyone can buy a silver coin for $25. Don’t take my word for it. Do you study. Get rich. Don’t be an idiot,” he said in another post.
At the time of writing, December silver futures have soared to six-week highs and were last trading at $20.55, up nearly 8% on the day. Meanwhile, gold futures broke the key $1,700 an ounce level in December and last traded at $1,700.70, up 1.72% on the day.
Speaking to Kitco News editor-in-chief and lead anchor Michelle Makori, Kiyosaki explained that investors need to protect their portfolios with “hard assets” like gold, silver and livestock as the “biggest crash in history” unfolds.
“Anything that can be printed, like a stock certificate, a bond, or a dollar, I don’t want,” he noted. “I’m a hardcore lover of gold, silver, oil and food… I’m a hardcore, hard-asset person.”
He suggested that these assets were “insurance” rather than an investment.
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