Rich Dad was buying gold, silver and oil but now?
Posted on 27 October 2010 with 2 comments from readers
Rich Dad book author Robert Kiyosaki was having a good day when he made this video six months ago, all his key investment tips have come right: gold, silver and oil.
But with gold up from $1,000 to just shy of $1,400 in that period and silver up 40 per cent you just have to wonder if this is not about time for a correction, and also in the oil price. Indeed, this is what has been happening in commodity markets over the past week.
The pattern for gold over the past few years is one of sudden advances and then a setback, and often several attempts on key price levels like $1,000 before the next major advance. It would not be surprising to see this again, especially if global financial markets sell-off and gold becomes a part of that asset fire sale. Silver and oil would follow.
2 Comments posted by readers:
Silver is still rediculously cheap compared to historical values. I can buy a weeks wages for about £50. Who would work for that for a week? I cant see any correction lasting long as silver has a long way to go before its over valued, £200 an ounce. Its only cheap because not many people own it, but they will once the problem of fiat currency becomes more of a reality.
JUST SEEING THIS ARTICLE , AND YOUR POST ..YES , YOU ARE RIGHT.. HOLD AND BUY MORE !..REGARDS