Robert Kiyosaki admitted his recent gold call missed the market, posting "I was wrong" on June 29 as the metal kept falling. He still forecasts gold reaching $35,000 in about five years and treats the pullback as a buying lesson rather than a reason to exit.
Robert Kiyosaki conceded that his latest gold call missed the market's direction, telling X followers on June 29 that he had misread the move and admitting he was wrong. The Rich Dad Poor Dad author framed the pullback as a lesson for investors tracking gold, bitcoin, and broader hard-asset sentiment rather than a failed trade.
Kiyosaki recasts the miss as a buying lesson
The reversal landed quickly. A week earlier he had voiced confidence in his timing, noting gold had risen $62 since his purchase the previous day. When the price fell on Monday, he changed his tone, posting: "I was wrong. Gold still crashing! That's real life."
He tied the admission to a long-held principle that the price an investor pays matters most, citing a Rich Dad lesson that profits are made on the buy, not the sale. Kiyosaki told followers that successful investors favor long-term positioning over short-term discomfort, and urged readers to treat his mistake as a learning opportunity.
Gold's slide deepens past 10% for the month
Gold fell to about $4,040 an ounce on Monday, deepening its monthly decline to more than 10% as U.S.-Iran talks, Gulf hostilities, and Federal Reserve expectations shaped trading. The drop is the backdrop against which Kiyosaki reframed his call, and it explains why the metal has been under pressure.
Despite the decline, he held his long-range target, calling the volatility normal rather than a reason to abandon the position. In the same June 29 post he reaffirmed that he still expects gold to reach $35,000 in about five years.
A broader bet against the dollar
Kiyosaki's gold stance sits inside a wider argument. He has warned about the U.S. dollar, citing debt and inflation, and urged savers to move into gold, silver, bitcoin, and ethereum. He has also said he was watching those assets for technical reversals before adding more, treating earlier dips as entry points rather than exits.
Source: Bitcoin News
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