Interesting piece on Yahoo Finance from Robert Kiyosaki about the decline of the American Empire and buying silver…
All empires come to an end, and the American one is no exception. We’ve fought too many foreign wars, swept too many domestic problems under the rug, and paid for our greedy consumption with money borrowed from too many countries around the world. The end isn’t just near, it’s inevitable.
For these people I’m an advocate of financial education, but I also know that many of them aren’t interested in becoming more financially astute. So instead, I recommend that they buy silver coins, as long as silver is under $25 an ounce. Today, silver is cheap and easy to acquire and manage, while real estate and businesses are both management-intensive; silver requires no management, expect for a safe storage place. In addition, the iShares silver ETF (SLV) is convenient. Silver is consumed in many industries, and it’s reported that the world has less than a 10-year supply of it left. That’s why I believe silver is currently one of the best investment opportunities there is — even for people with limited financial training.
Even if the end is near, there’s always a silver lining.
I would add something here, but I don’t have much to say. I kind of agree with him that we might have taken our financial problems too far to easily recover. (Note to self – go dig up pre-1965 silver dimes…)