Skip to content

R. Kiyosaki reveals surprising asset to become ‘new gold’

R. Kiyosaki reveals surprising asset to become ‘new gold’
Ana Zirojevic

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.”

‘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:

Best Crypto Exchange for Intermediate Traders and Investors

  • Invest in cryptocurrencies and 3,000+ other assets including stocks and precious metals.

  • 0% commission on stocks - buy in bulk or just a fraction from as little as $10. Other fees apply. For more information, visit etoro.com/trading/fees.

  • Copy top-performing traders in real time, automatically.

  • eToro USA is registered with FINRA for securities trading.

30+ million Users
Securities trading offered by eToro USA Securities, Inc. (“the BD”), member of FINRA and SIPC. Cryptocurrency offered by eToro USA LLC (“the MSB”) (NMLS: 1769299) and is not FDIC or SIPC insured. Investing involves risk, and content is provided for educational purposes only, does not imply a recommendation, and is not a guarantee of future performance. Finbold.com is not an affiliate and may be compensated if you access certain products or services offered by the MSB and/or the BD

Read Next:

Finance Digest

By subscribing you agree with Finbold T&C’s & Privacy Policy

Related posts

Sign Up

or

By submitting my information, I agree to the Privacy Policy and Terms of Service.

Already have an account? Sign In

Disclaimer: The information on this website is for general informational and educational purposes only and does not constitute financial, legal, tax, or investment advice. This site does not make any financial promotions, and all content is strictly informational. By using this site, you agree to our full disclaimer and terms of use. For more information, please read our complete Global Disclaimer.