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Bestselling author and popular financial motivator<a href="https://x.com/theRealKiyosaki/status/1848608068222820628?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1848608068222820628%7Ctwgr%5E072c53c1e75712b178b3220a0a6269ee9a3d67cb%7Ctwcon%5Es1_c10&amp;ref_url=https%3A%2F%2Fpublish.twitter.com%2F%3Furl%3Dhttps%3A%2F%2Ftwitter.com%2FtheRealKiyosaki%2Fstatus%2F1848608068222820628" rel="noopener noreferrer nofollow">Robert Kiyosaki</a>, known for his book "Rich Dad Poor Dad," made an unexpected statement today which, despite his usual posts, consisted of just three words: "best asset today."
According to the author, the asset that deserves such an honor right now is...silver, with the price of the metal destined to hit $50 an ounce, in his opinion. Although silver has previously been mentioned by<a href="https://u.today/rich-dad-poor-dad-author-shares-secret-of-surviving-in-hard-times-of-inflation" rel="noopener noreferrer nofollow">Kiyosaki</a> on a par with gold and<a href="https://u.today/200-million-in-crypto-destroyed-on-market-as-bitcoin-bulls-perish" rel="noopener noreferrer nofollow">Bitcoin</a>, it has usually received less praise than the latter two.
There are several reasons for this performance. From a technical point of view, it is the huge "cup and handle" pattern that usually plays on the bullish side and, once completed, can precede large upward price movements.
<blockquote class="twitter-tweet">
 BEST ASSET TODAY: Silver….buy it before it hits $50.00.— Robert Kiyosaki (@theRealKiyosaki) <a href="https://twitter.com/theRealKiyosaki/status/1848608068222820628?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">October 22, 2024</a>
</blockquote>
Another reason is that gold is now hitting all-time highs on a daily basis, and that is when the fear of missing out drives traders and investors to chase beta in order to cut their own slice of the pie.
On a more fundamental note, silver is in high demand today and is actively used in the medical, engineering, photographic, electronics and defense industries. <img src="https://u.today/sites/default/files/inline-images/BTCUSDT_2024-10-22_13-55-18.png" data-entity-uuid="62065294-fb94-4f69-819f-a666e231f568" data-entity-type="file" alt="&quot;&quot;" data-caption="Source: <a href=&quot;https://www.tradingview.com/x/AgdHe9fC/&quot;>TradingView</a>">
At the same time, 95% of the world's silver is used for industrial purposes. Combine this with the fact that there is very little silver in free circulation, and you have the perfect storm.
For<a href="https://u.today/blackrocks-bitcoin-etf-records-ridiculously-high-inflows" rel="noopener noreferrer nofollow">BTC</a> and gold, the rise of silver may mean less attention and less volatility in general, but that remains to be seen. <a href="https://u.today/rich-dad-poor-dad-author-kiyosaki-reveals-best-asset-today-and-it-is-not-bitcoin-or-gold" rel="noopener noreferrer nofollow">Read original article on U.Today</a>

'Rich Dad Poor Dad' Author Kiyosaki Reveals Best Asset Today, and It Is Not Bitcoin or Gold

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