Robert Kiyosaki, author of the bestselling personal finance book ‘Rich Dad Poor Dad’, remains an active market commentator. The finance guru’s outspoken attitudes have drawn both praise and criticism.
It’s impossible to separate what makes Kiyosaki controversial — his seemingly endless alarmism, from what makes him celebrated — his rather impressive returns. Often referring to fiat currencies as ‘fake money’, the author is a staunch advocate of cryptocurrencies, most notably Bitcoin (BTC), as well as real estate and precious metals, chiefly gold and silver.
While the famed investor’s recommendations have performed quite admirably as of late, his bullish outlook hasn’t dulled. To the contrary, Robert Kiyosaki took to social media platform X and shared yet another bold prediction on March 28.
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Robert Kiyosaki predicts silver will surge 100% by the end of the year, with even greater gains to come
Kiyosaki began his newest prediction with one of his oft-repeated phrases, noting that the rich tend to get richer. Per the author, the purchasing power of those who rely on incomes and saving money is always at risk from ‘government theft’ in the form of inflation.
In contrast, the finance guru claims that since gold, silver, and Bitcoin, with their outsized returns, are largely immune to such effects, leading to increased purchasing power for those that hold these assets.
So, how should investors leverage this fact? By investing in these three assets — but in particular, the financial educator singled out silver as having the best growth potential at the moment. As noted by Robert Kiyosaki, the commodity is currently trading at roughly $35 per ounce.
According to the guru, an ounce of the precious metal could double in price by the end of the year, reaching levels close to the $75 mark. In addition, Kiyosaki highlighted his belief that the bull run will not stop there — and that silver will reach a price of $200 per ounce in ‘a year or two’.
Is the ‘Rich Dad Poor Dad’ author’s latest prediction realistic?
Ultimately, since Kiyosaki failed to expound on his methodology or name the key drivers behind his forecast, it’s hard to rigorously examine his claims.
However, silver has indeed been in quite a strong bull run as of late — in 2024, it netted a roughly 35% gain, outpacing gold’s 26.3% returns. The author’s shorter-term price target of $70 is far from a fringe opinion — as mineral exploration company Dolly Varden Silver’s chief executive officer (CEO), Shawn Khunkhun, shared similar sentiments as early as January 19.
Investing in physical silver is one way to get exposure to the precious metal — although silver exchange-traded funds (ETFs) might be a slightly more practical approach for most. Silver mining stocks present another option — as noted by Crescat Capital macro strategist Otavio Costa, silver miners have recently surpassed a 14-year line of resistance relative to the S&P 500 benchmark index.
“The silver miners-to-S&P 500 ratio just went above a 14-year resistance. Game on.”
Lastly, while Robert Kiyosaki’s long-term prediction of $200 would represent a rather unrealistic 471.42% surge, it’s important to note that, at least in the short term, his general bullish appraisal appears to be well-founded.
Featured image via Shutterstock
