Robert Kiyosaki Awaits a Buy Signal for Gold

Robert Kiyosaki believes the recent pullback in gold prices could create an attractive buying opportunity. However, the Rich Dad Poor Dad author says he is waiting for technical confirmation that the current downtrend has ended before adding more gold or Bitcoin to his portfolio.

In a post on X, Kiyosaki described the latest correction as "great news" for long-term investors. Rather than buying simply because prices have fallen, he prefers to wait until market charts indicate that the decline is over and a new upward trend has begun.

A few days earlier, Kiyosaki said he was applying the same strategy to gold, silver, Bitcoin, and Ethereum. He emphasized that lower prices alone are not enough to justify an investment, as he prefers to buy after the market shows signs of recovery.

Gold prices have been highly volatile in recent weeks. Spot gold fell below $4,000 after trading above $5,000 earlier this year. Market sentiment has been influenced by expectations of higher interest rates, a stronger U.S. dollar, and profit-taking following the metal's earlier rally.

Economist Peter Schiff also commented on the recent decline. On June 24, he noted that gold had dropped below $4,050, while silver slipped under $60. According to Schiff, investors are pricing in additional interest rate hikes that may never materialize. Even if central banks raise rates again, he argues the increases would likely be too small and too late to curb inflation, which he expects to outpace interest rates. In his view, that environment remains supportive of higher gold prices over the long term.

Despite the recent correction, Kiyosaki remains bullish on precious metals. After gold previously climbed above $5,000, he reiterated his long-term price target of $27,000 per ounce. He attributes this outlook to growing U.S. government debt, continued monetary expansion, and ongoing gold purchases by central banks, which he believes reflect declining confidence in fiat currencies.

Kiyosaki has also outlined a more optimistic scenario in which gold could eventually reach $35,000 per ounce. He holds a similarly positive view on Bitcoin, arguing that its fixed supply of 21 million coins makes it a strong hedge against instability in the global financial system. While his investment strategy includes gold, silver, Bitcoin, and Ethereum as complementary assets, he has stated that if he had to choose only one, Bitcoin would be his preferred investment.