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Published: Friday, 2/29/2008

'Rich Dad, Poor Dad' author recommends silver

BLOCK NEWS ALLIANCE

PITTSBURGH - Best-selling author Robert Kiyosaki says the clouds over the sluggish economy have a silver lining in the form of silver itself.

"If you have $10,000 cash, I would take $5,000 and buy silver either in an exchange-traded fund or coins and sit on the rest instead of keeping all of it in cash, because the purchasing power of silver will go up and cash will go down," Mr. Kiyosaki said in a recent interview.

The author of Rich Dad, Poor Dad predicted that silver will reach its 1980 record high price of $52.50 an ounce in three or four years. Unlike gold, silver is an industrial commodity used in products such as cell phones and television sets.

As for real estate and stocks, he said now is a great time to be an investor.

"The real estate and stock market are having sales," he said. "So, this is the time to look for bargains. Between 2004 and 2005 was the worst time for real estate and stocks.

The Block News Alliance consists of The Blade and the Pittsburgh Post-Gazette. This article is from the Post-Gazette.



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