Latest news with #Kiyosaki
Time of India
13 hours ago
- Business
- Time of India
Silver price jumps by Rs 3,500 in just 2 days. Is a new all-time high in sight soon?
Silver prices have surged sharply over the last two trading sessions, rising by Rs 3,500 to cross the Rs 1 lakh per kilogram mark on the Multi Commodity Exchange (MCX). On Tuesday, silver July contracts touched an intraday high of Rs 1,00,555/kg, while in the previous trading session, the same settled at Rs 1,01,011/kg, up more than 4% in a single day. This was largely driven by a wave of safe-haven buying that also pushed global silver prices to a two-month high. The silver July contracts made a lifetime high of Rs 1,03,704/kg earlier in March this year. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Thị trường có dấu hiệu suy thoái không? IC Markets Đăng ký Undo The sharp rally in silver has been fueled by renewed geopolitical and economic concerns, prompting investors to turn to bullion for stability. Rising tensions between Russia and Ukraine, including escalated military activity ahead of peace talks, have heightened global uncertainty. Additionally, market sentiment turned defensive after U.S. President Donald Trump announced plans to double tariffs on steel and aluminium imports, while accusing China of violating a trade truce related to critical minerals. These developments, combined with bearish sentiment in the U.S. Dollar Index and subdued economic confidence, have made silver increasingly attractive as a store of value. Live Events The metal is widely seen as a safe-haven asset during times of geopolitical unrest and monetary policy uncertainty, particularly in low-interest-rate environments. Also read: Crash time is now: Kiyosaki urges dumping 'fake money' for silver, predicts 3x surge Are silver prices heading towards lifetime high soon? Analysts believe that silver may continue its upward trajectory in the near term. Rahul Kalantri, Vice President at Mehta Equities, stated that silver has support at Rs 100,260–99,350 and sees resistance emerging in the range of Rs 1,01,750–1,02,550. Axis Securities echoed a bullish outlook, recommending a buy on MCX Silver above Rs 98,500 with targets of Rs 1,01,500 and Rs 1,03,000, which is near its all-time high. Their technical view suggests a 'sideways to mildly positive bias' despite a bearish crossover on the MACD indicator, with the 20-week SMA acting as a key support during pullbacks. Adding to the momentum, Robert Kiyosaki, author of Rich Dad Poor Dad, described silver as 'the biggest bargain today' and suggested it 'may 3X' by 2025. He emphasized that silver remains 60% below its all-time highs and is still trading around $35 an ounce, presenting what he called the 'biggest bargain today' in the face of a potential crash in global stock, bond, and real estate markets.
Yahoo
20 hours ago
- Business
- Yahoo
'Rich Dad Poor Dad' author warns 'the biggest crash in history is coming'
'Rich Dad Poor Dad' author warns 'the biggest crash in history is coming' originally appeared on TheStreet. Robert Kiyosaki, the author of the bestselling book "Rich Dad Poor Dad," has issued another stern warning about the market. The personal finance writer recently took to X to voice his persistent concern about "the biggest crash in history" that he says is coming as predicted in his book, "Rich Dad's Prophecy" (2013). When the stock, bond, and real estate markets crash this summer, millions of people, "especially my generation of boomers," will be wiped out, he warned. However, Kiyosaki seemed to offer a way out to "proactive" individuals who can not only survive this crash but may even become "extremely rich." Billions of traders will shift to gold and Bitcoin — the "digital gold," as Bitcoin proponents like to call it, Kiyosaki predicted. He placed his biggest bet on silver, though: In 2025 silver may 3X. As per Kraken, Bitcoin was quoted at $104,446.51 at press time, 6.7% lower than its May 22 record high of $111,970.17. Gold was trading at $3,372.30 per oz. at press time, 4% lower than its Apr. 22 record high of $3,500. Meanwhile, silver was exchanging hands at $34.58 at press time, 30% lower than its record high of $49.95 per oz. that it reached way back in January 1980. It is this price dynamic of silver that Kiyosaki said he was going to exploit. Gold and Bitcoin are also on his cards. The bestselling author asked his X followers: What are you going to do tomorrow….grow richer or grow poorer? Please choose to get richer. Kiyosaki's "Rich Dad Poor Dad" discusses two distinct financial mindsets: one believing in job security and savings, and another believing in investing and asset ownership to achieve financial independence. The author vouches for the latter. Disclaimer: The content above is intended for informational purposes only and should not be taken as financial advice. Do your own research before investing. 'Rich Dad Poor Dad' author warns 'the biggest crash in history is coming' first appeared on TheStreet on Jun 2, 2025 This story was originally reported by TheStreet on Jun 2, 2025, where it first appeared. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Economic Times
21 hours ago
- Business
- Economic Times
Biocon shares in focus after CDSCO nod for diabetes drug Liraglutide
Biocon shares are expected to be in focus on Tuesday after the company announced regulatory approval from the Central Drugs Standard Control Organisation (CDSCO) for its diabetes drug Liraglutide in India. ADVERTISEMENT The Central Drugs Standard Control Organisation (CDSCO) has granted approval to Biocon Pharma, a wholly owned subsidiary of Biocon, for its Liraglutide drug product— a 6 mg/ml solution for injection in pre-filled pen and cartridge formats. 'Biocon Limited (BSE code: 532523, NSE: BIOCON), an innovation-led global biopharmaceutical company, announced today that it has received approval In India for its Liraglutide drug substance, and its wholly owned subsidiary, Biocon Pharma Limited, has received approval for its Liraglutide drug product (6 mg/ml solution for injection in pre-filled pen and cartridge), from the Drugs Controller General of India, CDSCO (Central Drugs Standard Control Organisation),' the company said in an exchange filing. The approval has been granted for the generic version of Victoza, a widely prescribed treatment for insufficiently controlled Type 2 Diabetes CDSCO clearance came under the recently introduced 101 route, which allows for expedited recognition of approvals already granted by established and referenced global regulatory authorities. Also read: Crash time is now: Kiyosaki urges dumping 'fake money' for silver, predicts 3x surge ADVERTISEMENT Over the past one year, the shares of Biocon have gained 8%, while it has declined 9.42% year-to-date (YTD). Over the last six months, the stock registered a negative return of 11.06%. However, it saw a notable rise of 10.39% in the past three months and a 4.83% gain over the last one month. Biocon shares closed flat at Rs 334.05 on the BSE on Monday. ADVERTISEMENT (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times) (You can now subscribe to our ETMarkets WhatsApp channel)
Economic Times
2 days ago
- Business
- Economic Times
Crash time is now: Kiyosaki urges dumping ‘fake money' for silver, predicts 3x surge
Robert Kiyosaki, author of the best-selling personal finance book Rich Dad Poor Dad, on Monday warned that the 'biggest crash in history' could begin this summer, urging investors to move out of stocks and bonds and into alternative assets like gold, silver, and Bitcoin. ADVERTISEMENT In a post on microblogging site X (formerly Twitter), Kiyosaki wrote, 'Do not say I didn't warn anyone.' Referencing his 2013 book Rich Dad's Prophecy, he said, 'As predicted in my book Rich Dad's Prophecy (2013) the biggest crash in history is coming. I am afraid that crash time is now and through this summer.' Kiyosaki cautioned that 'millions, especially my generation of boomers will be wiped out when the stock and bond markets crash,' while adding that 'millions who are proactive may become extremely rich… and as you know….I want you to be one of those who become very rich.' Kiyosaki said the downturn would not be limited to equities and bonds. 'Over this summer, as stock, bond, and real estate markets crash… billions will rush into gold, silver, and Bitcoin,' he these assets, he emphasized silver as the most undervalued: 'The biggest bargain today is silver. In 2025 silver may 3X.' He added that silver remains significantly below its historical peak: 'The better news is silver is still 60% under all time highs…. still about $35….while gold and Bitcoin are at or near all time highs.' ADVERTISEMENT Reiterating his preference for physical assets over paper investments, he said, 'Tomorrow I am going to my local gold and silver dealer and trading fake money for real silver…. no ETFs…. the biggest bargain today.' Kiyosaki urged his followers to take immediate action. 'Silver is priced around $35 an ounce which means almost everyone anywhere in the world….has a chance to grow richer…while millions grow poorer.' He concluded the post with a direct question: 'What are you going to do tomorrow….grow richer or grow poorer? Please choose to get richer. Take care.' Monday's post builds on a series of escalating warnings issued by Kiyosaki in recent weeks. On May 19, he predicted that central banks themselves could be at the center of the next financial meltdown, urging individuals to 'bail yourself out' with gold, silver, and Bitcoin. He questioned who would save monetary authorities like the U.S. Federal Reserve and cited economist Jim Rickards' concern over the $1.6 trillion U.S. student loan burden as a potential trigger. ADVERTISEMENT Earlier, on May 20, Kiyosaki reacted to Moody's downgrade of the U.S. credit rating by likening the country to 'a dead-beat dad who is spending borrowed money, without a job, and not taking care of his family.' He said the downgrade could usher in conditions similar to the 1929 Depression and again advised investing in alternative assets and adopting an entrepreneurial traces the root of systemic fragility to the U.S. abandoning the gold standard in 1971. 'Each crisis gets bigger because they never solve the problem… a problem which started in 1971 when Nixon took the US Dollar off the gold standard,' he wrote. Kiyosaki has consistently promoted silver as the most accessible path to wealth for everyday investors. In April, he said silver was 'the hottest investment today' and predicted it would double to $70 an ounce in 2025. He emphasized its affordability: 'Almost everyone in the world can afford at least one ounce of silver.' ADVERTISEMENT While Kiyosaki has advocated for gold and Bitcoin as well, he has increasingly emphasized silver's potential to outperform in the short term, citing both financial instability and its industrial demand. Kiyosaki's overall message remains anchored in distrust of fiat currency, which he routinely calls 'fake money.' As he wrote in May, 'As I have been warning for years the best way to protect your self is not by saving fake fiat money. As I stated over 25-years ago, in Rich Dad Poor Dad, 'The rich don't work for money' and 'Savers are losers.'' In calling for a shift away from traditional financial strategies, he has urged individuals to become self-reliant through asset accumulation and entrepreneurship: 'You bail you and your family out by saving real gold, silver, and Bitcoin… No ETFs.' ADVERTISEMENT Also read | Rich Dad, Poor Dad author Kiyosaki warns U.S. debt downgrade signals 1929 Depression, urges buying gold, silver, Bitcoin with entrepreneurial mindset (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
Yahoo
4 days ago
- Business
- Yahoo
6 Books Robert Kiyosaki Recommends (Besides His Own) To Make You Rich
Robert Kiyosaki, famed author and financial guru, is a respected figure in the world of financial education. Beyond his own publications, which include but are not limited to 'Rich Dad Poor Dad,' 'Cashflow Quadrant,' 'Increase Your Financial IQ' and 'Why We Want You to be Rich' (co-written with Donald Trump), he advocates for improving your financial literacy through reading. Read Next: For You: Kiyosaki often speaks of books that have inspired and influenced his financial philosophy. Here are six of his top recommendations that he believes can set you on the path to wealth and financial freedom. A timeless classic, this book uses parables to convey fundamental financial wisdom. Kiyosaki often quotes its basic principles, such as paying yourself first and living below your means. Often regarded as the ultimate success book, Napoleon Hill shares the secrets of the most successful people of his time. Its lessons on positive thinking, setting clear goals, and persistence align with Kiyosaki's beliefs on achieving financial success. Learn More: This book is about recognizing opportunities in your own backyard. Kiyosaki often refers to it when emphasizing the importance of local investments and making the best of available resources. Considered the Bible of investing, Benjamin Graham's book is a guide to the philosophy of value investing. Kiyosaki believes that understanding the fundamentals presented in this book is key to becoming a successful investor. A book about the power of thought and its role in shaping one's life, Kiyosaki often references its teachings about the impact of a person's beliefs and thoughts on their financial success. This is a deep dive into the creation of the U.S. Federal Reserve and the nature of money. Kiyosaki recommends it for those who wish to understand the financial system better and how it affects individual wealth. More From GOBankingRates Surprising Items People Are Stocking Up On Before Tariff Pains Hit: Is It Smart? These 10 Used Cars Will Last Longer Than an Average New Vehicle This article originally appeared on 6 Books Robert Kiyosaki Recommends (Besides His Own) To Make You Rich Sign in to access your portfolio
