Robert Kiyosaki calls silver and Ethereum ‘hot, hot, hot’

The silver price is breaking through historic limits week after week. In the wake of this rally, Robert Kiyosaki makes a striking prediction. According to him, the precious metal has much more to offer and now is the time to get in before it is too late. The bestselling author mentions Ethereum in the same breath as a comparable opportunity.

Silver price to $75, according to Kiyosaki

According to Kiyosaki, silver is about to explode. In a recent post on A day later, after the silver price broke through the barrier of 50 dollars per ounce (about 31 grams), he wondered whether 75 dollars would be the next stop.

His prediction comes at a time when silver is reaching an all-time high. The precious metal broke through the psychological barrier of $50 last weekend and is now at $51.50 per ounce. That is the highest level ever.

Since January, silver has risen by a whopping 74.4 percent. This outperforms gold, which has risen 55 percent in the same period. Gold also reached a new all-time high today, with a peak value of almost $ 4,076 per ounce.

Why are precious metals doing so well?

The enormous rise of silver and gold does not come from nowhere. Gold is having its best year since the 1970s. The price has even doubled since the beginning of 2023. In euros and dollars, it performs better than shares, real estate and even Bitcoin (BTC).

The cause behind the increase is complex and has multiple layers. An important factor appears to be the sky-high national debt in countries such as America, Japan and France. We also see central banks worldwide strengthening their gold reserves in an attempt to protect themselves against a possible loss of confidence in traditional currencies.

That flight to gold also has broader consequences for other scarce and tangible assets, such as silver. Precious metals such as palladium and platinum have also shown significant increases, by 63.2 and 81.1 percent respectively since the beginning of this year.

Ethereum also ‘hot’

Kiyosaki mentioned Ethereum (ETH) as another “hot” asset in the same post. His statement follows a volatile weekend for the digital currency. After statements by Donald Trump about import tariffs on China, the currency fell by sixteen percent to a low of $ 3,700.

China announced that it is restricting the export of seventeen rare earth metals, crucial for technology and defense. In response, Trump announced 100 percent tariffs on Chinese products as of November 1. The uncertainty put pressure on the financial markets.

However, Ethereum quickly recovered. The price is now above $4,000 again and is moving towards $4,200. Tensions have now subsided somewhat and the market does not seem to believe that the import duties will actually be introduced. You can read more about that in this article.