Robert Kiyosaki, investor and well-known book writer Rich Dad, Poor Dad advised the public to switch from gold to silver and Bitcoin.
"The price of silver is still around US $ 25 per ounce. Next to US $ 50. Many people can afford to buy at that price. However, if you have money, switch to Bitcoin that is moving up. I myself move out a little from the gold market and switch to silver and Bitcoin, "wrote via Twitter, July 28, 2020.
This was conveyed by him referring to the comments of a gold investor from the United States, Dennis Gartman in Bloomberg a few days ago.
Gartman said the gold market was already too crowded, related to the price had broken the record price of all time. Gartman's appearance in the media, after three months ago he said that the price of gold would skyrocket. And he is right.
"Too many people suddenly enter the gold market. I think most people should get out of the market for a while, "Gartman said, adding that he might be eager to get into gold again if it drops to US $ 1,775 per troy ounce.
Kiyosaki's advice on buying silver and Bitcoin is noteworthy, given the recent fact that silver traders are more interested in accumulating physical genuine silver than speculating on prices in the derivatives market.
In other words, Bitcoin might have a comparative advantage, given the reasons why Gartman left the gold market. Bitcoin, which is part of crypto assets in this emerging market, can be an attractive choice for diversifying risk.
Robert Kiyosaki is known as the Cashflow Quadrant concept, which is a concept that groups people mentally into 4 quadrants, namely Mental E = Employee, Mental S = Self Employed, Mental B = Business Owner, and Mental I = Investor. The higher your mental improvement, the more successful you will be. To build wealth (building wealth), then you should focus on becoming B (Business Owner) and I (Investor).
In addition, there is also the Cashflow Game, a monopoly game concept which is the basis of learning and training intelligence in managing finances. This game is made so that players can become Passive Income, that is, people who can earn income without working until finally how to realize their dreams.
Business owners should pay attention to the economy both micro and macro because the two are closely related. In his latest book entitled Second Chance - For Your Money, Your Life and Our World explains about what we hear about how the economic crisis was precipitated. Kiyosaki explores in depth how economic policies and government decisions help big businesses and weaken medium and small businesses. This book prepares readers to make wise investment decisions.