KITCO NEWS - Gold is a wealth attractor, this according to Robert Kiyosaki, the best-selling author of Rich Dad, Poor Dad, who uses the metal to boost his net worth. "If I want $10,000 a month, I hold $10,000 in gold; gold is an attractor and people need to understand that if you buy more gold, your income goes up," he said in an interview with Kitco News. The entrepreneur said that besides being real money, he views gold as something spiritual. And while he has no gold forecasts, he pointed to another author, Jim Rickards of Currency Wars fame, for guidance. "Jim talks about $10,000 gold and his numbers work," he said. Kiyosaki also talked about his latest book: Why the Rich are Getting Richer - his best-seller Rich Dad, Poor Dad sold 41 million copies worldwide. "If you want to be rich, you need a different education than the middle-class and the poor," Kiyosaki explained. His three-part path to wealth involves using market crashes, debt and taxes to one's advantage. "While others say live debt-free, I'm borrowing my butt off," he said.
This article is commentary by an independent contributor. At the time of publication, the author held TK positions in the stocks mentioned.