NEWS
Silver The Best Investment
Precious metals
[Precious metals — particularly gold and silver — have been a popular hedge against inflation and uncertainty. They can’t be printed out of thin air like fiat money and their value is largely unaffected by economic events around the world.
Even though the Fed has raised interest rates aggressively to tame inflation, Kiyosaki doesn’t see price levels cooling down anytime soon.
“The thing I see is that the Fed and the FDIC are signaling hyperinflation, which makes gold and silver even better because this thing here is trash,” he tells Fox Business while holding up a $1 bill. “They are going to print more and more of this fake money.”
Gold has long been the go-to choice for investors looking for a hedge in times of crisis. But this time, Kiyosaki likes silver because of a particular use of the gray metal.
“I think this is the best investment of all — silver. Because every Tomahawk missile has 30 pounds of silver in it,” he explains. “Every time they push that missile button, 30 pounds of silver disappears.”]
- Excerpt from Finance.Yahoo.Com by Robert Kiyosaki