Investor Alert

The Tell Archives | Email alerts

April 5, 2020, 2:45 p.m. EDT

‘Rich Dad, Poor Dad’ Robert Kiyosaki: Don’t save your money! Spend it on the ‘best buy for future security’

Watchlist Relevance

Want to see how this story relates to your watchlist?

Just add items to create a watchlist now:

  • X
    Twitter Inc. (TWTR)
  • X
    Bitcoin USD (BTCUSD)
  • X
    Gold Continuous Contract (GC00)

or Cancel Already have a watchlist? Log In

By Shawn Langlois, MarketWatch

Donald Trump and Robert Kiyosaki

What should you do with your stimulus check?

Robert Kiyosaki, the best-selling author of “Rich Dad, Poor Dad,” offered this bit of advice to his 1.3 million followers on Twitter /zigman2/quotes/203180645/composite TWTR +0.87% for when that cash finally arrives:

Yes, instead of stashing away your check, Kiyosaki says load up on bitcoin /zigman2/quotes/31322028/realtime BTCUSD -2.12%  , gold /zigman2/quotes/210034565/delayed GC00 -0.43% and silver /zigman2/quotes/210315219/delayed SI00 -0.27% in the face of the dying dollar /zigman2/quotes/210598269/delayed DXY -0.10%  .

Read: Will you get a $1,200 from the stimulus bill? Depends on how much you make

This has been a theme on Kiyosaki’s social channels for awhile and has taken on an added urgency as the coronavirus pandemic continues to weigh heavily on the stock market:

And here’s a recent episode on his YouTube channel that’s racked up more than half a million views:

Gold’s been a relatively great place to be over the past three months, having rallied more than 5% as the Dow /zigman2/quotes/210598065/realtime DJIA -0.04% plunged into bear-market territory. Silver and bitcoin, not so much, with both posting double-digit percentage declines over that same period of time.

Kiyosaki has been pushing silver, which he hails as the “best buy,” for a while now. Earlier this year, he told Kitco News he won’t stop buying silver until it tops $40 an ounce — it currently sits below $15. “Silver is the most undervalued, lowest-risk, best investment of all asset classes,” he said.

Also read: Robert Kiyosaki says this is ‘the only rule’ for getting and staying rich

$ 32.62
+0.28 +0.87%
Volume: 13.31M
May 22, 2020 4:00p
P/E Ratio
Dividend Yield
Market Cap
$25.59 billion
Rev. per Employee
US : CoinDesk
-190.67 -2.12%
Volume: 0.00
May 25, 2020 10:49a
US : U.S.: Nymex
$ 1,728.10
-7.40 -0.43%
Volume: 51,200
May 25, 2020 10:41a
US : U.S.: Nymex
$ 17.65
-0.05 -0.27%
Volume: 13,624
May 25, 2020 10:41a
US : U.S.: ICE Futures U.S.
-0.10 -0.10%
Volume: 0.00
May 25, 2020 10:41a
US : Dow Jones Global
-8.96 -0.04%
Volume: 255.66M
May 22, 2020 5:09p

Shawn Langlois is an editor and writer for MarketWatch in Los Angeles. Follow him on Twitter @slangwise.

This Story has 0 Comments
Be the first to comment
More News In

Story Conversation

Commenting FAQs »
Link to MarketWatch's Slice.