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This week, Robert Kiyosaki, the author of Rich Dad Poor Dad, tweeted about some of his opinions and financial teachings. Kiyosaki and Sharon Lechter co-authored the 1997 book Rich Dad Poor Dad. It has spent more than six years as a best seller in the New York Times. The book has sold more than 32 million copies worldwide in more than 51 different languages.
On Tuesday, Kiyosaki posted an explanation of his belief that the end of “false” money has come. The renowned writer wrote:
The end is near. called my dependable gold and silver dealer, Jerry Williams. I can’t get gold or silver coins, he declared. The mint will no longer sell me. I interpret this as indicating the end of false money.
He then reiterated his preference for silver. “As said in an earlier tweet, silver is increasing from $100 to $500. Take some. Take precautions,” he advised. His words of wisdom came after he recently claimed that silver is currently the finest investment option and that gold is overpriced.
Prior to President Richard Nixon removing the U.S. dollar from the gold standard in 1971, Kiyosaki claimed that “the U.S. dollar became false money.” He clarified, “This is because it was attached to the ‘full faith and credit of the United States rather than being tied to real money, such as gold.
The well-known author reminded investors of key lessons in a tweet on Thursday. He explained, adding, “In Rich Dad Poor Dad, I stated Rich Dad’s 3 lessons:
- Your home is not a valuable asset.
- Savings are a bad idea.
- The wealthy don’t work for money.
He continued, saying that the wealthy are self-employed business people who “create jobs, generate their own assets, and do well in market crises.” “2022 is your opportunity to get affluent,” he repeated.
Kiyosaki urged people to “invest in real money” last week, citing bitcoin, silver, and gold as examples. He emphasized that “increasing interest rates will ruin the U.S. economy” as a result of the Federal Reserve.
With a background in journalism, Ritika Sharma has worked with many reputed media firms focusing on general news such as politics and crime. She joined The Coin Republic as a reporter for crypto, and found a great passion for cryptocurrency, Web3, NFTs and other digital assets. She spends a lot of time researching and delving deeper into these concepts around the clock, and is a strong advocate for women in STEM.
