Robert Kiyosaki recently expressed a strongly bullish outlook on gold, claiming that the price had reversed, but admitted a few days later that his short-term assessment was incorrect. This shift quickly drew market attention and highlights the frequent disconnect between short-term turning point predictions and long-term trend expectations.
First, look at Bitcoin, then turn to gold.
On June 20, Kiyosaki stated that he was monitoring the technical trends of both Bitcoin and gold and planned to buy once a downtrend showed signs of reversal. However, in the following days, his focus gradually shifted toward precious metals, with significantly less discussion of crypto assets.
By June 24, he further explained that a price decline alone does not automatically constitute a buying opportunity; when evaluating an asset, one must consider the broader economic environment, not just price charts.
Reversal signal issued on June 25
On June 25, Kiyosaki posted that gold has "completed its turn" and suggested that gold and silver may enter a longer-lasting bull market. Unlike before, he focused almost exclusively on precious metals and did not elaborate on his views regarding Bitcoin.
He also reiterated his long-term target, suggesting that, amid ongoing global debt expansion, gold prices could eventually rise to $35,000. Two days later, on June 26, he reinforced this view, noting that gold prices had risen by $62 since his previous post and indicating that he may have identified a short-term bottom through technical analysis.
- June 25: Claimed that gold has reversed direction.
- June 26: May have identified a阶段性 bottom
- Long-term goal: Reach $35,000 within the next five years
On June 29, retracted and acknowledged the judgment error.
However, this optimistic assessment did not last long. On June 29, Kiyosaki spoke again, directly admitting he was "wrong" and stating that gold was still falling.
He did not defend his previous assessment but instead described this misstep as a common occurrence in the investment process. At the same time, he maintained his bullish outlook on gold’s long-term trajectory, stating that his prediction of $35,000 within the next five years remains unchanged.
This recent reversal once again illustrates that short-term market fluctuations are often difficult to predict accurately—even prominent figures who are fundamentally bullish on a particular asset class can still make incorrect timing decisions.