Late on June 24, the famous investor and best-selling personal finance author Robert Kiyosaki published an X post in which he – as he often does when certain assets are ‘on sale’ – seemingly celebrated Gold’s drop below $4,000.
Specifically, the ‘Rich Dad Poor Dad’ writer explained he was monitoring the commodity market closely for a technical signal that it was time to purchase more of the precious metal.
Simultaneously, the June 24 post was a follow-up on the one he published a day before, in which he described the fall in the gold price as ‘great news,’ while also stating that he was ‘waiting for [sic] turn on technical charts’ before buying more.
Notably, Robert Kiyosaki never went into detail on which trends and patterns he is looking for in the charts and instead pivoted to explain his strategy regarding investing in real estate.
How ‘Rich Dad’ R. Kiyosaki’s real estate approach translates to Gold investments
Indeed, the author explained that if he determined that a ‘neighborhood [sic] going up,’ he would seek to purchase a cheap house, and if he concluded a ‘neighborhood is going down,’ he would pass on the trade.
Subsequently, Kiyosaki explained that his examination of the price of gold is, for the being, focused on uncovering the reasons for the drop and, more precisely, on determining the state of the economy.
Curiously, the investor explained that if he assesses that the ‘economy is going down,’ he might not buy additional gold.
Here’s when Robert Kiyosaki will buy more Gold
Previously, the ‘Rich Dad Poor Dad’ author positioned investments in gold, Bitcoin (BTC), Silver, and Ethereum (ETH) precisely as safeguards against a failing economy, frequently juxtaposing ‘fake money’ – the American dollar – with the ‘people’s money’ – his top cryptocurrencies – and ‘God’s money’ – the two precious metals.
Robert Kiyosaki offered no insights into why he no longer views the commodity as worth buying in a struggling economy as a hedge.
He did, however, reiterate that he intends to purchase more gold as soon as an opportunity presents itself, while highlighting that he purchased most of his current holdings at roughly $300 per ounce close to the year 2000 – despite writing ‘20000,’ he likely made a typo, rather than implying ownership of a TARDIS-like device.
Featured image via Ben Shapiro’s YouTube
