Kiyosaki backs $200 silver as debt nears $40T
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- Robert Kiyosaki cited forecasts for gold at $10,000 and silver at $200 an ounce.
- US public debt reached about $39.93 trillion on 13 August.
- Kiyosaki said silver was his preferred metal for August, while offering no price timetable.
Robert Kiyosaki said silver was his preferred metal as US public debt approached $40 trillion.
US public debt stood at about $39.93 trillion on 13 August, according to Treasury data.
Kiyosaki also cited forecasts from Jim Rickards for gold to reach $10,000 and silver to reach $200 an ounce.
Kiyosaki gave no timetable or calculation supporting either target, while silver traded near $65.33 an ounce on 15 August.
Gold traded near $4,365 an ounce on 14 August, while the Silver Institute expects a 46.3 million-ounce silver market deficit this year.
Kiyosaki has continued to favour gold, silver and Bitcoin (CRYPTO:BTC) while criticising cash savings and rising government debt.
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