Robert Kiyosaki flips his gold stance after weeks of waiting
The hardest thing in investing is not picking the bottom. It is admitting you cannot, then watching someone you respect announce that they just did. Every falling market eventually produces a confident voice declaring the turn is in. Most are early. Some are flat wrong. A few are loud enough that ...
Overview
The hardest thing in investing is not picking the bottom. It is admitting you cannot, then watching someone you respect announce that they just did.
Every falling market eventually produces a confident voice declaring the turn is in. Most are early. Some are flat wrong. A few are loud enough that millions act on the call before the chart agrees.
The trap underneath it is the one that empties accounts every cycle. Prices slide, conviction wobbles, and a plan to hold for a decade shrinks into a plan to sell by the weekend. Small investors buy near tops and bail near bottoms because they let the number on the screen think for them.
For most of this month, one of the most-followed names in personal finance preached the opposite. He told his millions of followers he would not reach for a falling knife in the metals market, and would wait for the charts to confirm a reversal before adding an ounce.
Then he changed his mind. Robert Kiyosaki, the author of "Rich Dad Poor Dad," now says gold has made its turn, and he is buying.
In a June 26 post on X (the former Twitter), Kiyosaki wrote that gold rose $62 in the day after he bought it and floated a far bigger number for where it goes next.
"Possibly on a bull run to $35k if Jim Rickards is correct," he wrote, "and I think he is."
How Robert Kiyosaki changed his mind about gold
The reversal matters more than the price tag attached to it. As recently as last week, Kiyosaki was the picture of patience, telling readers he was tracking gold, silver, Bitcoin and Ethereum on charts and would buy only when prices reversed their decline.
I covered that stance for TheStreet when he made his stunning prediction on gold and silver, and the through line was unmistakable. He was not calling a bottom. He was waiting for the chart to call one for him.
That is the rule he just broke. After a single strong session, he went from watching to buying and from cautious to convinced. When I lined up his June posts in order, the about-face traced a clean line.
- On June 20, he said he would buy gold, silver, Bitcoin and Ethereum only "when prices reverse their decline," according to TheStreet.
- On June 24, he was still on the sidelines, posting that gold "continues to drop" as he watched the charts, CaptainAltcoin noted.
- On June 25, he flipped, writing "GOLD just made the turn" and conceding "I have been wrong," according to IBTimes.
- On June 26, he said he had bought gold and watched it rise $62 the next day, Finbold reported.
The man who spent two weeks warning people not to let price dictate their decisions made a decision off one day of price.
The context is a genuinely beaten-down metal. Gold traded near $4,049 an ounce on June 26, down 6.42% for the year and roughly 26% below its January record, according to Finbold.
Silver had slid to about $56 an ounce after setting an all-time high near $121.67 on January 29, according to IBTimes.
Both metals are deep in a correction, the setup that makes a confident bottom call so seductive.
Why the $35,000 gold target keeps coming back
The $35,000 figure is not new, and it is not really Kiyosaki's. He attributes it to author and economist Jim Rickards, whose forecast rests on a monetary-equilibrium model tied to U.S. M1 money supply, Treasury gold reserves of about 8,100 metric tonnes, and a historical assumption about backing the dollar with gold, according to Bitcoin News.
More Precious Metals:
- Silver can't escape a troubling new trend
- Jefferies is buying gold miners and ignoring the gold
- Gold just passed a milestone that should worry Washington
That number has a way of growing. Rickards moved from $15,000 to more than $27,000 before landing on $35,000, according to Bitcoin News. Kiyosaki has run a parallel escalation, predicting $35,000 gold by 2035 in his earlier wild gold prediction on June 15.
Details
Mainstream Wall Street sits in a different universe, with bank targets topping out near $5,400 to $6,200 an ounce, far under Kiyosaki's headline, as TheStreet has reported.
A move to $35,000 would imply a gold market worth more than every publicly traded company on earth combined, IBTimes noted. Goldman Sachs (GS) and the rest of Wall Street are not in the same area code.
The technical analysis lesson buried in Kiyosaki's post
Strip out the number, and Kiyosaki's post is really a pitch for one skill. He urged followers to study technical analysis, the practice of reading price charts to time the ups and downs of a market, calling it harder to learn than it looks and worth more than a degree.
He framed it as a better deal than going back to school and "racking up student loan debt, the worst type of debt in the world," he wrote.
That framing lands for a reason. A reader who cannot stomach a 26% drawdown does not need a $35,000 fantasy. They need a process for deciding when to add and when to sit still. The trouble is that Kiyosaki's own record is the best argument against treating his timing as gospel.
Related: Robert Kiyosaki says only 6 assets will survive 2026
Critics have long compared him, Rickards, and Peter Schiff to a stopped clock, noting that the three have called ever-higher gold targets for over a decade and simply say "not yet" whenever prices fall, according to IBTimes.
Anyone who bought near gold's January peak above $5,600 was down close to 28% within months. Being right on direction over 25 years is not the same as being right on the week.
What Kiyosaki's gold turn means for your money
So what do you do with a famous investor's bottom call? In my analysis, the least useful part of the post is the $35,000, and the most useful part is the discipline he abandoned to make it.
Kiyosaki bought a real, beaten-down asset, which is defensible. He did it off one green day after preaching patience, which is the move he would have warned you against a week ago.
The math is worth sitting with. Kiyosaki bought much of his gold near $300 an ounce in 2000, so $35,000 would hand him a profit in the five figures per ounce.
A reader buying today near $4,049 needs a 765% climb to reach that same target, with a real chance of riding the metal lower first. The same headline means two different things, depending on when you showed up.
For most people, the answer is not a heroic call in either direction. It is an allocation. Treating metals as a defined slice of a portfolio rather than a savings-account replacement is the version of this story that survives a bad year.
Kiyosaki may turn out to be right that gold just turned. He has been right on direction before.
The question worth answering based on his post is not whether $35,000 arrives. It is whether you would have the patience to wait for the chart, or whether one $62 day would be enough to make you forget your own rules, too.
Related: Robert Kiyosaki makes stunning prediction on gold and silver prices
Source
Originally published at www.thestreet.com.
