Rich Dad’s advisor predicts $15,000 an ounce gold
Posted on 13 April 2010 with no comments from readers
Within a few years Rich Dad Robert Kiyosaki’s gold and silver advisor Michael Maloney believes that gold will be worth $15,000 an ounce. ArabianMoney editor Peter Cooper has just published a book predicting $5,000 an ounce.
The logic behind these claims is very compelling. Essentially money is going to lose its value through inflation, devaluation and debt defaults over the next few years. It is the other side of the government rescue of the global economy from the financial crisis. All that debt will never be repaid in today’s money. One way or another the value of that money will be debased.
Mr Maloney maintains that $15,000 an ounce is the level required to monetize gold. It is a bold claim that he explains well in this video, and for more detailed analysis of investment in gold and silver his excellent book is recommended.
