'Rich Dad Poor Dad' Author Says This Is The Biggest Investment Bargain Right Now: '2nd Most Used Commodity After Oil'

Entrepreneur, businessman, and author Robert Kiyosaki, widely known for his “Rich Dad, Poor Dad” book, has ignited discussions in the investment realm with a bold declaration on precious metals. 

What Happened: In a recent X post, Kiyosaki said, “BIB: Biggest Investment Bargain,” pointing the spotlight at silver. 

He noted that silver’s value remains 50% below its all-time high, despite being increasingly sought after for green technologies like solar panels and electric vehicles. 

Kiyosaki emphasized that silver, the second most utilized commodity globally after oil, has held its status as money for centuries.

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Why It Matters: Kiyosaki’s advocacy for silver comes at a time of intriguing dynamics in the precious metals market. 

Gold prices dipped on Friday morning in the Asia session due to the resurgence of the U.S. dollar. Spot silver edged 0.4% lower to $24.04 per ounce, but was headed for its best week since July 14, as per a Reuters report.

Silver Futures YTD

Chart courtesy: Trading View

This movement in precious metals comes as investors eagerly await insights from Federal Reserve Chair Jerome Powell’s upcoming speech at Jackson Hole, which could provide crucial clues regarding interest rate trends.

The iShares Silver Trust ETF (NYSE: SLV) closed 0.8% down at $22.115 in the last session and was up 0.45% premarket, according to data from Benzinga Pro.

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Photo via Gage Skidmore on Flickr