‘Rich Dad, Poor Dad’ Author Says You Should Invest In These Two Assets Amid Silicon Valley Bank’s Collapse

In the wake of the collapse ofSilicon Valley Bank, a subsidiary ofSVB Financial GroupSIVB , and Silvergate Bank SI ,"Rich Dad, Poor Dad" author and entrepreneurRobert Kiyosakiwarnedthat a third lender could possibly follow suit and suggested that his followersinvest in two major assets.

In a Twitter post on Friday, Kiyosaki advised his followers to buy gold and silver, claiming thathis most recent prediction aligns with his2008 forecast of the collapse of financial services firmLehman Brothers.

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, 2023SVB was shut down on Fridayby the California Department of Financial Protection and Innovation due to”inadequate liquidity and insolvency.” TheFederal Deposit Insurance Corporation(FDIC)took control of the bankviaa new entity called theDeposit Insurance National Bank of Santa Clara. Read also:’Rich Dad Poor Dad’ Author Warns Of Economic Pain, Says Baby Boomers Will Be ‘Biggest Losers’

Reaffirming his position on silver as a profitable investment during times of financial trouble,Kiyosaki tweeted last month that heagreed withAndy Schectman, president of precious metals investment firm Miles Franklin, that "silver is the most undervalued asset ofa generation."

Andy Scheckman says: Silver is the most undervalued asset of a generation. I agree. Robert Kiyosaki (@theRealKiyosaki) February 20, 2023Kiyosaki has been recommending silver as a solid investment option for quite some time. Last year, he tweeted, “To profit from the crash of U.S. $ I bought many more U.S. silver Buffalo rounds. Silver is a bargain.”The millionaire investor and businessman previouslysaid that the world economy is on the verge of collapse, and that, as a result of inflation, the U.S. may experience an economic downturn worse than the Great Depression during the 1930s. He also warned investors that bank runs, frozen savings, and bail-ins couldsoon follow.

Read now:'Rich Dad, Poor Dad' Author Says Elon Musk Has Left 'Rats And Rodents' At Twitter 'Running For Cover'

Photo: Gage Skidmorevia Flickr