(Kitco News) - Soaring U.S. debt, Federal Reserve policy uncertainty, and a shifting global economy are driving renewed interest in gold and silver as safe-haven assets, according to best-selling author Robert Kiyosaki.
The U.S. national debt, now exceeding $36.4 trillion, is sparking concerns about fiscal stability, with gold trading near new record highs just below $2,800 per ounce, and silver climbing to $31.50 per ounce.
Despite lingering economic uncertainty, the Federal Reserve has paused interest rate cuts, holding the federal funds rate steady at 4.25% to 4.5% following three consecutive cuts in previous meetings. Fed Chair Jerome Powell has reiterated that future policy decisions will be data-dependent, resisting external political pressures for further easing. President Donald Trump, however, has called for additional rate cuts, arguing they are necessary to sustain economic growth.
Kiyosaki warned that continued money printing and debt expansion will further weaken fiat currencies, driving gold and silver prices much higher.
“This is what happens when the U.S. keeps printing ‘fake money,’” Kiyosaki told Kitco News on the sidelines of the Vancouver Resource Investment Conference. “Every time they add another trillion to the debt, the purchasing power of the dollar drops. Gold and silver don’t get more expensive – your dollars just buy less.”
Gold’s surge: Could $15,000 become reality?
Gold has gained nearly 20% over the past year, driven by record central bank purchases, inflation concerns, and geopolitical instability. “Rich people know what’s real. Poor people don’t. That’s the difference,” Kiyosaki said, holding up a gold coin. “This is real money. Dollars are just paper.”
Silver’s potential breakout: Why $70 is possible
Silver, currently trading at $31.50 per ounce, has trailed gold’s recent gains but is gaining momentum due to record-high industrial demand. According to the Silver Institute, global silver consumption is projected to exceed 700 million ounces for the first time, driven by solar energy, electric vehicles, and military applications.
“Silver is about to take off,” Kiyosaki said, emphasizing its growing role in the clean energy transition.
According to data from Metals Focus, silver mine production increased by just 2% in 2024, failing to keep up with rising industrial and investment demand.
“Every Tomahawk missile has 14 pounds of silver in it,” Kiyosaki noted, citing silver’s strategic importance in defense applications.
Kiyosaki believes this will drive prices significantly higher, stating: “I’m predicting $70 silver. I’m very bullish.”
Kiyosaki’s message: Own hard assets before it’s too late
With financial markets at a crossroads, investors are increasingly looking toward gold and silver as hedges against economic instability.
“People keep asking, ‘What’s the price of gold? What’s the price of silver?’” Kiyosaki said. “You’re asking the wrong question. The real question is, how many ounces do you own?”
Watch the full interview with Robert Kiyosaki in the video above.
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