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“Hot, Hot, Hot”: Robert Kiyosaki on silver and Ethereum, sees white metal hitting $75

by TheAdviserMagazine
10 months ago
in Business
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“Hot, Hot, Hot”: Robert Kiyosaki on silver and Ethereum, sees white metal hitting
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Personal finance author and ‘Rich Dad Poor Dad’ fame Robert Kiyosaki, an eternal bull on gold and silver, has once again reaffirmed his bullish stance on silver, calling it and cryptocurrency Ethereum (ETH) “hot, hot, hot” in a recent social media post.

Kiyosaki, known for his long-standing advocacy of precious metals as a hedge against inflation and economic instability, predicted that silver could soon hit $75 per ounce, after recently crossing the $50 mark.

“SILVER over $50. $75 next? Silver and Ethereum hot, hot, hot,” Kiyosaki posted, underscoring his optimism on both traditional and digital assets amid ongoing market uncertainty.

Silver hit a fresh lifetime high of $51.22 on Friday after breaching the $50 mark on Thursday, breaking an 11-year drought for the metal. The previous lifetime high of $49.80 was made in 2011.

Also Read: Silver strikes gold with $50 breach. This Diwali, white metal ends its 14-year exile to hit a lifetime high

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Silver has rallied over 70% so far this year and has become the best performing asset among its other contemporaries like gold, equities and cryptocurrencies.Kiyosaki has voiced support for Ethereum, which has rallied 17% in 2025.Ethereum’s lifetime high is $4,953.73 which was hit on August 25, this year to $4,953.73 according to coinmarketcap.com data. At around $3,760.97, ETH is 24% lower from the peak.The investor and entrepreneur has previously made bold predictions of silver, forecasting a five-fold return on silver investments over the next year.

Taking to social media platform X (formerly Twitter), Kiyosaki stated, “IF I HAD $100 WHAT WOULD I INVEST IN? I WOULD BUY MORE SILVER COINS.”

Silver has been riding on a wave of macroeconomic and industrial tailwinds. On MCX, the white metal prices hit a lifetime high of Rs 1,53,388. The December silver contracts have slightly cooled-off, ending Friday’s session at Rs 1,46,698 per kg. It remains a buy on decline candidate for commodity analysts.

The domestic prices have outperformed their international peers because of rupee weakness against the US dollar. The INR is hovering around its lifetime lows.

On Friday, the rupee closed at 88.6850 against the U.S. dollar, up from 88.7825 in the previous session. Its record low is at 88.80.

(Disclaimer: The recommendations, suggestions, views, and opinions given by the experts are their own. These do not represent the views of The Economic Times.)

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