Renowned Investor and Author Kiyosaki's Surprising Statement: "Today's Best Asset Is Neither Gold Nor Bitcoin"

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Renowned Investor and Author Kiyosaki's Surprising Statement: "Today's Best Asset Is Neither Gold Nor Bitcoin"

Robert Kiyosaki, known for his work in financial literacy and as the author of "Rich Dad Poor Dad," has made an unconventional statement, drawing attention by identifying silver as "the best asset today." Kiyosaki predicts that the price per ounce of silver could reach $50.

Silver's appeal is growing. Although Kiyosaki has historically considered silver on par with gold and Bitcoin as investments, the latter two have generally garnered more attention. However, Kiyosaki highlights silver's potential, pointing to technical formations that could signal significant upward price movements. These formations might manifest as a large "cup and handle" pattern, capturing investor interest.

As gold has reached high price levels, many investors have begun to explore alternative assets like silver. Silver's industrial applications also support this interest. It is widely used in fields such as medicine, engineering, photography, electronics, defense, and renewable energy, and increasing demand in these areas could serve as an additional catalyst.

In response to rising industrial demand, limited supply offers an advantage. With 95% of silver used for industrial purposes, the amount of freely available silver in circulation is quite limited. This constrained supply makes silver more attractive to investors. Kiyosaki's remarks emphasize silver's potential and indicate that it could stand out in the current economic environment.

Since September, silver has outperformed gold and Bitcoin. Despite the popularity of Bitcoin and gold, silver takes the spotlight in Kiyosaki's assessment. In a rally beginning in early September, silver has gained 20%, climbing to $34.5. During the same period, gold increased by 10%, while Bitcoin rose by 13.5%.

When looking at year-to-date performance, Bitcoin has appreciated by 58%, while silver has increased by 45% and gold by around 32%.