Against the backdrop of a late-December report from The Economic Times indicating that Tesla CEO Elon Musk was concerned about the runaway price of silver, finance influencer and author Robert Kiyosaki jumped in more recently to offer his own take on the subject.
In a Facebook post, Kiyosaki said Tesla is reportedly struggling to obtain silver to keep up with its production demands, despite the company being led by one of the world’s wealthiest people. Although, it should be noted that Musk has not definitively reinforced the veracity of this claim.
The real question is: is now the time for you to invest?
Other Silver, Precious Metals Investment Experts Weigh In
Eduan Koekoek of Royal Bull Precious Metals spoke to GOBankingRates and offered a pragmatic take on the value of buying physical silver bullion, regardless of its price action.
“While cash quietly loses buying power, disciplined stacking of physical silver — always within your means — can serve as a practical hedge against inflation and a way to preserve value over time,” Koekoek said.
Other experts cited by CBS News agreed. Despite its extreme price volatility, the long-term outlook for physical silver appears bullish.
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Hiren Chandaria, managing director for Monetary Metals, said silver’s role as both a monetary asset and an increasingly essential industrial material gives it a unique and potentially more robust growth outlook compared to other precious metals.
Ongoing shortages in supply, combined with increasing demand from solar energy, electric systems and electronic devices, provide strong support for long-term growth, Chandaria added.
Does a Gold and Silver Mix Provide Portfolio Stability?
One note of caution: Most experts quoted by CBS were careful to hedge their projections as to silver’s future performance in the market. Their generally positive consensus on buying in was counterbalanced by an acknowledgement that valuation swings were currently being amplified beyond normalcy.
Chandaria suggested mixing gold in with silver as part of a precious metals investment portfolio — whether physical or paper. Chandaria noted that looking broadly, blending the two approaches appeals to investors who want a balance of security and potential growth.
Editor’s note: This article is for informational purposes only and does not constitute financial advice. Investing involves risk, including the possible loss of principal. Always consider your individual circumstances and consult with a qualified financial advisor before making investment decisions.
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This article originally appeared on GOBankingRates.com: Robert Kiyosaki Claims Tesla Can’t Buy Enough Silver: Is It Time To Invest?
