- Robert Kiyosaki called silver the best-value investment in markets today.
- The "Rich Dad Poor Dad" author touted the precious metal's affordability and industrial uses.
- Kiyosaki also urged investors to watch the bond market, as he expects a massive crash in prices.
Robert Kiyosaki touted silver as the best-value investment in today's market, and predicted a historic crash in bonds and other assets, in a flurry of recent tweets.
The "Rich Dad Poor Dad" author and personal-finance expert said he's bullish on silver because of its low price and commercial uses.
"For $25 everyone can buy a silver coin," he tweeted. "Silver is an industrial precious metal. Gold is not."
The founder of Rich Global and the Rich Dad Company has been recommending silver to investors for a while.
"Silver best bargain today," he tweeted in January, noting the metal was trading 50% below its peak price. "I buy silver because it is liquid & can be spent without government tracking," he tweeted in March, noting he had just purchased 2,500 American Silver Eagles.
Moreover, Kiyosaki has trumpeted silver over the US dollar because he views the currency as "fake as hell," and expects it will lose value as more and more dollars are printed.
The celebrity writer has also embraced more unusual assets in recent weeks. He recommended investing in cans of tuna and baked beans in light of surging inflation, as "you can't eat gold, silver, or bitcoin." He also advised stocking up on toilet paper, trash bags, canned goods, and frozen foods to get ahead of price increases.
Capitalizing on a crash
Kiyosaki urged investors to worry less about stocks declining, and more about a collapse in bond prices that could spark a wider slump in asset prices, in another recent tweet.
"Bond market 40 times larger than stock market," he wrote. "Please pay attention to bonds, not stocks. Major crash to come."
Kiyosaki has previously declared US markets are in the "BIGGEST BUBBLE in world history," pointing to soaring prices of stocks, real estate, oil, and other commodities. He has also raised the prospect of a depression, hyperinflation, and the "EVERYTHING BUBBLE turning into EVERYTHING BUST."
However, the author is looking forward to a historic crash, given he views it as an opportunity to scoop up bargains. "Do not miss the GREATEST SALE on EARTH," he tweeted during the recent market downturn.