Robert Kiyosaki purchased gold on June 25 and told his 2.9 million X followers on June 26 that the metal rose $62 following his purchase. The Rich Dad Poor Dad author tied the move to New York Times bestselling author Jim Rickards' projection that gold could reach $35,000. Kiyosaki presented the purchase as part of a broader lesson in technical analysis, encouraging investors to study charts and market trends amid what he described as worsening global macroeconomic conditions and expanding debt levels.
Kiyosaki Buys Gold and Points to Technical Analysis
Kiyosaki shared on June 26 that gold rose $62 since his purchase the previous day and stated he believes the metal may be starting a bull run to $35,000 if Rickards' forecast proves correct. He wrote that he thinks Rickards is correct in his projection. The author encouraged investors to study technical analysis to understand market movements, noting that mastering the discipline can take years of practice. "An important study for you to increase your financial education is Technical Analysis, how understand the up and down of financial markets," he said.
Kiyosaki used a housing analogy to explain market timing, saying a lower gold price is like a cheaper house, but the key question is whether the surrounding "neighborhood," or broader economy, is improving or deteriorating before deciding to buy. He contrasted current conditions with the last major gold bull run that began in 2000, when he bought gold at $300.
Rickards' $35K Gold Forecast Based on Monetary Model
Kiyosaki cited Rickards' prediction that gold could reach $35,000 to support his bullish outlook on precious metals. He said on June 25 that he thinks the price of gold and silver are about to rise for a long time, referencing Rickards' forecast of $35,000 gold in the near future. Kiyosaki argued that worsening global macroeconomic conditions, expanding debt levels, and continued pressure on the U.S. dollar reinforce the case for higher gold prices.
Rickards' gold forecast rests on a monetary-equilibrium model rather than a short-term chart call. He previously projected gold could reach $15,000 by 2026, then updated the estimate to more than $27,000. His model cites U.S. M1 money supply, Treasury gold reserves of about 8,100 metric tonnes, and a 40% gold-backing assumption used historically from 1913 to 1946.
Kiyosaki Watches Gold, Silver, Bitcoin, and Ethereum
Kiyosaki said he is watching gold, silver, bitcoin, and ethereum charts for technical reversals and plans to buy after declines turn higher. He urged savers to consider these assets as protection against U.S. dollar weakness. The author warned that debt, inflation, and money creation continue to pressure cash savings and repeatedly told investors to make independent decisions, keep studying, and research markets themselves as artificial intelligence drives major global changes. He included silver in his broader thesis, suggesting both metals could benefit from the same macroeconomic pressures.
FAQ
What did Robert Kiyosaki buy on June 25?
Robert Kiyosaki bought gold on June 25 and reported on June 26 that the metal rose $62 following his purchase.
What is Jim Rickards' gold price forecast?
Jim Rickards predicts gold could reach $35,000 based on a monetary-equilibrium model that uses U.S. M1 money supply, Treasury gold reserves of about 8,100 metric tonnes, and a 40% gold-backing assumption.
What other assets is Kiyosaki watching besides gold?
Kiyosaki said he is watching gold, silver, bitcoin, and ethereum charts for technical reversals and plans to buy after declines turn higher.
