Famous Financial Expert Urges People to Invest in SilverPaul-Martin Foss
If you pay attention to financial media you’ve probably heard of “Rich Dad, Poor Dad.” The author, Robert Kiyosaki, has made a killing selling books and giving talks espousing his theory of investing. But while much of his focus has been on getting people to shed their concepts of how to get rich and embrace alternative methods of wealth accumulation, a lesser-known aspect of his philosophy is the belief that investing in gold and silver is one of the best ways to grow real wealth.
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Kiyosaki recently restated his beliefs in an interview in which he highlighted how affordable silver is right now. To his mind, as well as to that of many astute investors, silver is incredibly undervalued today. The silver to gold ratio is higher now than it has been in a long time, meaning that it takes more ounces of silver to buy an ounce of gold. That ratio will likely fall at some point soon, especially now that silver has moved above the $16 barrier and looks set to make a run during the later part of this year.
As Kiyosaki said, investors should be investing in “real money,” i.e. gold and silver, and not “fake money.” Never has the divergence between real assets and paper assets been as great as it is today, as paper assets like stocks and bonds continue to maintain high valuations despite the reams of negative economic data being published every day. It’s only a matter of time before those valuations collapse.
Investors who are late to the party are those who are going to be left holding the bag once stock markets begin their inevitable decline. Those investors who decided to invest in silver, on the other hand, will see their decision handsomely rewarded. Silver is already up nearly 5% this year so far, and with further turbulence in the forecast for the future, it has great prospects for even stronger growth the rest of this year.