As many traders look up to Robert Kiyosaki, the prominent investor and author of the best-selling personal finance book ‘Rich Dad Poor Dad’ has revealed a new investment that he believes might rightfully stand side-by-side with gold as its demand increases in the future.
Indeed, Kiyosaki this summer invested in a $5 billion lithium mine project, which he started because of the metal’s utilization in the electronic vehicle (EV) industry, earlier describing it as a “hot new precious metal because EVs such as Tesla (NASDAQ: TSLA) require lithium for their batteries.”
Specifically, the finance educator said he poured as little as $20.2 million into this project, turning it into a billion-dollar “limitless” startup with a lithium mine located in Yellowknife, Canada, and explained at the time that such a project “makes investors richer and saves the planet.”
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‘Gold, silver, Bitcoin, lithium’
Recently, Kiyosaki went to its location and sat down with Marin Katusa, Katusa Research Managing Director and the project’s co-founder, Francis Macdonald, Li-FT Power’s CEO, and Tobias Tretter, the CEO of Commodity Capital, for an episode of his The Rich Dad Channel streamed on September 25.
Talking to Macdonald, the ‘Rich Dad Poor Dad’ author observed that lithium mining presented a massive opportunity, not just for investors and the EV industry but also for the economy and miners who will be looking for work once diamond mines shut down. As he explained:
“What I say to people is, there’s gold, silver, Bitcoin (BTC), lithium. This is the money of the future right now. (…) I’m literally just flying over this place, and you can see money sticking out of the ground, and you go, ‘This is too good to be true.’ (…) This is the future that will save the economy via batteries.”
At the same time, Kiyosaki highlighted that “civilization runs on energy, and if we lose our energy, the civilization dies” and that this project might help avoid such an outcome, although he admitted he did not know much about the battery subject matter in general.
Meanwhile, the prominent investor has also invested in another unexpected asset – carbon credits, which he described as a “billion dollar carbon credit project that will save millions of trees and make tree farmers very rich… all over the world” and which he had already discussed with Katusa back in 2021.
As a reminder, Kiyosaki has long warned about the threat of a massive financial crisis, particularly in the United States, with the “fake” dollar’s eroding global dominance, suggesting investments into silver, gold, Bitcoin, and other “real assets” contributing to roughly $100 million of Robert Kiyosaki net worth.
Featured image via Cavaleria Com YouTube
Watch the entire video below:
