"Rich Dad" Robert Kiyosaki: Silver Will Hit $50 Per Ounce in 2011 (VIDEO)

If you don't know about "Rich Dad" author Robert Kiyosaki, then you should. In fact, you should listen to him before you listen to the average gold and silver forecaster. Why? Because Robert Kiyosaki doesn't do his business by looking at charts and making forecast. He makes his money through business, from real estate, to publishing to oil investing. And that means that Mr.Kiyosaki has much wealth at stake during the financial crisis. And while Robert Kiyosaki is bullish on Gold, he is much more bullish on silver. 

One of the first things that come to mind when you hear about a rich person talking about their investing strategy is that it may not be relevant to you. However, Mr. Kiyosaki's investment is not really a speculation on getting rich, t is a way to protect wealth. And even if you don't have "wealth," you do get U.S. dollar from your paycheck. And as the dollar is devalued, your dollars can buy less and less. However, when you have silver, you can hedge yourself against the falling dollar.

There are many ways to own silver. Here are a few examples.

• Silver ETF- A silver ETF basically trades like a stock. For instance, you can buy the silver ETF (SLV) and the price will go up when the price of silver goes up. However, the price can go down when the price of silver go down. Bear in mind, however, a silver ETF is only good for speculating on the price of silver. If you want to "own" silver, you should buy silver bullion.
• Silver Bullion - Silver bullion are silver bars and coins. You can buy silver bars and coins at your local gold and silver dealer. Or you can safely buy online from large dealer like APMEX and Bullion Direct. Silver bullion usually trades anywhere from 15% to 50% over the spot price of silver. Owning silver bullion is a great way to protect you against a falling dollar.
• Junk Silver - Junk silver are silver coins that were once minted by the United States decades ago. These nickels, dimes, quarters, half-dollars and dollar coins have anywhere from 30% to 90% silver content. Junk silver has some great advantages over silver bullion. You don't have to worry about he condition of the coins. You can dump them into a bag, unprotected and it won't effect the value of the coins. Also, you can buy junk silver in small amounts. And if there is a major financial crisis, junk silver coins can be used to buy gas and groceries.

First off, I would educate myself on silver. There are many great interviews on Goldseek Radio and Robert Kiyosaki has a great book on Gold and Silver Investing. When you are ready to buy, I would recommend you start off small and buy junk silver from APMEX or Bullion Direct. 

Summary

Buying silver is one of the most affordable best ways to protect yourself in uncertain times. Start small with junk silver and buy only from reputable dealers.