Man Listens to Kiyosaki, Looses Big Time

by James & Miel on September 16, 2008 · 0 comments

Saw this posting earlier today on Craigslist. Evidently this poster followed Kiyosaki’s advice and invested $130,000 in silver. Now his investment is down to $58,000. Poor guy.

reply to this post email it rate flag

I had < CaReFulInVEstOR > 09/16 00:31:12

$130,000 saved up and I have follwed Robert Kiyosaki (Rich Dad) and he said Silver was going to run and the market wasn’t a safe place

so In Feb of this year, I put it all into silver at $21 an ounce. It dropped to $16.50 an ounce in March. I lost $30,000 in that move so I sold it out since I couldn’t take the losses

Then everything started getting crazy and I read more artacles that said there was a silver shortage and put my $100,000 in to silver at around $19 an ounce in July.

It is now around $11 and I only have $58,000 left and I don’t know what to do.

I lost over half my money just this year in silver. It was my life savings. I owe $160,000 on my house and that money was everything I saved up so now I have nothing.

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