FX.co ★ Top 3+1 assets to invest in by Robert Kiyosaki
Top 3+1 assets to invest in by Robert Kiyosaki
“It’s not how much money you make, but how much money you keep, how hard it works for you, and how many generations you keep it for,” Robert Kiyosaki says. The author of such bestsellers as Rich Dad Poor Dad, Cashflow Quadrant, and Rich Dad's Guide to Investing founded an international education company that teaches business and investing to tens of thousands of graduates.
Gold
Kiyosaki first invested in gold in 1972. Back then, gold was trading at $50 per ounce. Today, the precious metal is worth around $1,800 per troy ounce. Simple calculations show that over the past 50 years, the price of gold has surged 36 times. The entrepreneur is still acquiring the asset. “I’m buying gold because I don’t trust the Fed,” the author explains. Unlike fiat money, gold cannot be printed out of thin air. What is more, its value is largely unaffected by economic events around the world.
Silver
Silver is another good choice for diversifying, and Kiyosaki believes it has even better prospects than gold. First of all, according to the writer, silver is “still 50% off its all-time high.” Moreover, silver is widely used in the production of solar panels and vehicles. Demand for this metal is sure to grow in the coming years given an increasing interest in green energy.
Bitcoin
Bitcoin is a very unpredictable asset. But one thing is for sure: over more than ten years of existence, the cryptocurrency has firmly settled in the market. For your reference, the first token was traded at $0.5 while in November 2021, the price of one BTC was $68,000. The impressive growth is obvious. It is true that crypto investing often implies going through ups and downs. As of February 7, 2022, bitcoin was trading at $43,000 per token. Kiyosaki bought BTC when it was worth $6,000 and he still thinks that bitcoin’s future is very bright.
Fine art
If you want an asset that has little correlation with the ups and downs of the stock or crypto market, you may consider investing in fine art, Kiyosaki says. Over the past 25 years, contemporary artwork has outperformed the S&P 500 by a stunning 174%. Fine art is a fairly conservative asset that is almost immune to market downturns. Yet, an investor needs to have a certain degree of expertise in this sphere.