Silver, often overshadowed by its more glamorous counterpart, gold, is increasingly capturing the attention of savvy investors. Beyond its traditional uses, the metal’s unique properties make it indispensable in modern technology, a factor recently highlighted by a prominent financial commentator.
Kiyosaki Champions Silver Investment
Robert Kiyosaki, the acclaimed author of “Rich Dad Poor Dad” and a vocal figure on social media regarding investment strategies, has recently shifted his investment focus significantly. While frequently discussing silver alongside assets like gold and Bitcoin, he has now explicitly identified silver as his top investment recommendation.
In communications earlier this year, such as a notable post on April 2nd, Kiyosaki articulated his rationale for prioritizing silver above both gold and Bitcoin.
Q: What is BEST investment today?
A: Years ago I stated SAVING MONEY made sense. That was before 1971, when Nixon took the dollar off the gold standard and money ceased being money, becoming debt.
A: Why save money when the Fed is printing TRILLIONS of FAKE dollars?
Q: So what is… pic.twitter.com/ZDrC71AE5F— Robert Kiyosaki (@theRealKiyosaki) April 2, 2024
Industrial Demand as a Key Driver
Kiyosaki’s core argument hinges on silver’s extensive and diverse industrial applications. He emphasized its vital function across numerous sectors, including the manufacturing of solar panels, electric vehicles (EVs), electronics, computers, medical equipment, and water purification technologies. This widespread industrial reliance is a key factor underpinning his positive outlook.
According to Kiyosaki, this growing industrial demand, potentially coupled with constraints on supply, positions silver attractively compared to gold and Bitcoin, whose supply dynamics he perceives as relatively more stable or predictable.
Price Point and Future Outlook
The author also highlighted silver’s current market price as a compelling element of its investment thesis. Despite demonstrating strong performance, with gains exceeding 19% over the past year and approximately 10% year-to-date in 2024, the metal currently trades around $32.41 per ounce. This level remains significantly below its historical peak of roughly $49.45.
Kiyosaki interprets this price difference relative to its all-time high as a significant buying opportunity for investors. He projects a strong rally for silver continuing into 2025, forecasting a potential climb to $70 per ounce. Realizing this target would imply a potential upside of over 115% from its current valuation.
Maxwell Reed is the first editor of Cryptovista360. He loves technology and finance, which led him to crypto. With a background in computer science and journalism, he simplifies digital currency complexities with storytelling and humor. Maxwell began following crypto early, staying updated with blockchain trends. He enjoys coffee, exploring tech, and discussing finance’s future. His motto: “Stay curious and keep learning.” Enjoy the journey with us!