Robert Kiyosaki Reveals the Best Asset Today Besides Bitcoin and Gold
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Bestselling author and renowned financial motivator Robert Kiyosaki, famous for his book "Rich Dad, Poor Dad" , has released a new statement.
According to Kiyosaki, “the best asset today” is silver, which he says is on track to reach $50 an ounce. Although he has touted silver alongside gold and Bitcoin before, it has typically received less attention than the other two assets.
Several factors are contributing to silver’s current strong performance. From a technical standpoint, the formation of a large “cup and handle” pattern suggests bullish momentum, which often signals the potential for significant price increases.
In addition, gold is reaching record highs and fear of missing out (FOMO) is prompting investors to seek alternative assets for profits.
More fundamentally, demand for silver is rising due to its wide range of industrial applications, including use in medical technology, engineering, electronics, photography and the defense sector.With 95% of the world’s silver supply related to industrial applications and limited quantities available for circulation, conditions are right for a potential price spike.
For bitcoin and gold, this appreciation in silver could lead to reduced attention and lower volatility, though time will tell how it will affect these assets.
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