Robert Kiyosaki, the author of “Rich Dad, Poor Dad” let it go Twitter trailer in one of Tesla Inc. TSLA Elon Musk‘s Weaknesses.

What happened: Kiyosaki — an avid supporter of Musk – said that Twitter owner’s weakness is silver and all his deals burn silver.

Kiyosaki tweeted Monday that Musk could likely buy his own silver mine. Despite silver’s high premium, the metal’s spot price is low due to price manipulation, the author noted. “Be like Elon & me. Pay the premium,” Kiyosaki added.

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Silver is used in electric vehicle motors, battery packs and battery management systems due to its high electrical and thermal conductivity. jeff clarke, said a precious metals analyst in a 2019 blog. The analyst said electric vehicles use far more silver than internal combustion engine vehicles.

Silver is also an important raw material in the manufacture of solar modules. Tesla Energy, a subsidiary of Tesla, manufactures, markets, and installs photovoltaic solar energy systems.

Why it matters: Kiyosaki was Repeating his buy calls for silver, gold and Bitcoin BTC/USD, on the grounds that the dollar is likely to weaken if the Fed reverses its rate hikes. He expects silver to stay around $20 for three to four years and then rally to $100 to $500.

Price promotion: That iShares Silver Trust SLV ended Monday’s session down 3.99% at $20.44 Benzinga Pro data.

Photo: decency from WikimediaCommons

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