Robert Kiyosaki Admits He Was Wrong About Gold

Robert Kiyosaki has acknowledged that his latest prediction about gold turned out to be incorrect. The Rich Dad Poor Dad author posted on X that he misjudged the market's direction, while stressing that the mistake does not change his long-term investment strategy.

"I was wrong. Gold is still falling. That's real life," Kiyosaki wrote. He added that successful investing is all about the purchase price, arguing that profits are made when assets are bought rather than when they are sold. According to him, short-term price swings should never distract investors from their long-term goals.

Just a few days earlier, Kiyosaki had claimed he bought gold at the right time, pointing out that the price had risen by $62 after his purchase. When the market later reversed course, he publicly admitted his mistake. However, he emphasized that investors should learn from such situations instead of focusing solely on short-term market fluctuations.

The recent decline has pushed gold's monthly losses beyond 10%. Investor sentiment has been influenced by several factors, including U.S.-Iran talks, tensions in the Persian Gulf, and expectations surrounding the Federal Reserve's monetary policy.

Despite the recent correction, Kiyosaki remains confident in his long-term outlook. He continues to believe that gold could climb to $35,000 per ounce within the next five years.

Over the past few weeks, Kiyosaki has repeatedly described falling prices as buying opportunities. In previous posts, he also highlighted silver, Bitcoin, and Ethereum as attractive investments. At the same time, he warned about the long-term risks facing the U.S. dollar, citing growing government debt and persistent inflation. He remains especially bullish on Bitcoin, calling it "the people's money" and emphasizing its fixed supply of 21 million coins.