Remember the famous Robert Kiyosaki? The author of “Rich Dad, Poor Dad”? On Friday, he made a statement that could shake the base of the crypto market. One of his lines was
“Forget Gold or Bitcoin. Silver is a superior asset now.”
While the basis of such facts is yet to be checked, the statement in itself can result in big controversies. Kiyosaki praising the asset can itself take silver prices 5 or 10x higher.
Silver Is In Demand
Why is silver catching the limelight all of a sudden? Kiyosaki said in this notion:
“The demand for silver in the manufacturing sector keeps growing.”
Starting from solar panels to EVs, silver is widely used. It is a brilliant conductor. Better than a lot of costly alloys. That’s not all. Silver has profuse uses in medicine and the packaged water industry, too.
The bottom line is that the industrial use of silver is increasing day by day. This scaffolding use of metal might increase the prices soon.
Hence, investing in silver might be the talk of the town. Before the mass market steps up and starts buying silver, make investments now.
The End Of Price Suppression?
Kiyosaki said,” Silver was forcibly sold at lower prices to date to make it affordable for industrial uses.”
Even when the demand is soaring, the prices are not justifiable. Silver prices are still 60% lower than the all-time peak value.
Meanwhile, gold’s price is racing to unprecedented heights. But Kiyosaki’s predictions are keeping investors hopeful.
According to him, silver prices could be up to $70 by the end of 2025. He also claims that the price could reach $200 within a few years!
Some Experts Differ
Kiyosaki may be loving silver too much. At least some market experts are of this notion. According to them, gold is a haven for investors at the moment. Silver is a more volatile asset.
