In the wake of the collapse of Silicon Valley Bank, a subsidiary of SVB Financial Group (NASDAQ:SIVB), and Silvergate Bank (NYSE:SI), "Rich Dad, Poor Dad" author and entrepreneur Robert Kiyosaki warned that a third lender could possibly follow suit and suggested that his followers invest in two major assets.
In a Twitter post on Friday, Kiyosaki advised his followers to buy gold and silver, claiming that his most recent prediction aligns with his 2008 forecast of the collapse of financial services firm Lehman Brothers.
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Two Major Banks have crashed. #3 set to go. BUY real gold and silver coins now. No ETFs. When Bank #3 goes gold & silver rocket up. 2008 I forecasted collapse of Lehman days before it crashed on CNN. If you want proof go to RICH DAD .com. Will be on Neil Cavuto on FOX on Monday.
— Robert Kiyosaki (@theRealKiyosaki) March 10, 2023
Reaffirming his position on silver as a profitable investment during times of financial trouble, Kiyosaki tweeted last month that he agreed with Andy Schectman, president of precious metals investment firm Miles Franklin, that "silver is the most undervalued asset of a generation."
Andy Scheckman says: “Silver is the most undervalued asset of a generation.” I agree.
— Robert Kiyosaki (@theRealKiyosaki) February 20, 2023
Photo: Gage Skidmore via Flickr