Saturday, March 25, 2006

Robert Kiyosaki Bullish on Metals

Famous author Robert Kiyosaki of "Rich Dad, Poor Dad" is bullish on gold and silver. Here is a passage from his article.

One of the reasons why I'm bullish on gold and silver is because the American public is still sound asleep to this asset class. Most Americans have no idea how or where to buy physical gold and silver. The outlets that sell gold and silver I have visited are already low on inventory.

If and when the American public wakes up to the reality that their dollars are not money, but a currency, the panic and stampede will begin. Should that happen, today's prices for gold and silver will look like bargains.

Today, very few people realize that Warren Buffett reportedly holds one of the largest caches of physical silver in America. He purchased silver in the late 1990s, when it was cheap -- and while others were criticizing him for not investing in tech stocks.

To view the full article click here.


Blogger Chrisd said...

Love your blog.
Bur please leave Kiyosaki's stuff out of it. The guy is a quack. I saw him at on a local cable TV in San Diego a month ago. He was taking phone calls from local people and he was telling them to buy real estate now... in San Diego !

4/24/2006 1:27 AM  
Blogger Market Participant said...

Kiyosaki is just parroting what he has heard other people say. He's a shameless huckster of cliche's.

To my mind his promotion of silver is the sign that the stupid money is now flowing into silver.

5/04/2006 10:35 AM  

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