Robert Kiyosaki: Silver Could Be the Best Bargain According to the Famous Investor
Renowned investor and author of the best-selling personal finance book ‘Rich Dad Poor Dad,’ Robert Kiyosaki, recently shared his perspective on silver, highlighting its potential as a valuable investment. While he previously discussed the problem of unlimited supply in precious metals like gold and silver, Kiyosaki now argues that silver could be a great opportunity. He believes that silver is not only a precious metal but also an industrial and strategic metal with increasing demand due to global conflicts.
Kiyosaki also points out that Elon Musk’s Tesla has acquired rights to several silver mines for their electric vehicle production. Despite this growing demand, the price of silver is still below its all-time high. This article delves into the current price of silver and analyzes its potential for future growth.
Silver Price Today
At present, the price of silver per kilogram stands at $798.62, which is nearly 50% lower than its all-time high of $1,589.85 reached in 1980. Similarly, the price per ounce of silver is currently $24.81, showing a slight decline of 0.35% for the day but a weekly increase of 2.44% and a monthly gain of 7.88%. These figures indicate that despite its affordability compared to historical levels, there is still room for silver’s price to rise.
Silver’s Potential for Growth
Robert Kiyosaki’s assertions about silver’s potential are supported by several factors:
- Silver’s versatility as both a precious metal and an industrial metal contributes to its increased demand.
- Tesla’s acquisition of rights to silver mines for EV production reflects the metal’s importance in the technology and automotive sectors.
- The current price of silver remains below its all-time high, indicating room for future growth.
Considering these factors, silver could indeed be an attractive investment option with the potential to double its current price. However, it is crucial to remember that investing always carries risks. Therefore, conducting thorough research and diversifying one’s portfolio are essential practices when considering any investment, including precious metals like silver or cryptocurrencies such as Bitcoin.
Hot Take: Invest Wisely
Investing requires careful consideration and due diligence. While Robert Kiyosaki presents a compelling case for silver as a valuable investment, it is important to approach investments with caution. Here are some key takeaways:
- Silver is a precious metal with industrial applications, making it an attractive investment option.
- Tesla’s involvement in silver mining highlights its growing significance in various industries.
- The current price of silver offers potential for future growth.
- However, investing always carries risks, so it is crucial to conduct thorough research and diversify your portfolio.
By following these principles, investors can make informed decisions and maximize their chances of success in the market.
Source: BullionByPost
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