After briefly finding itself in the red in the year-to-date (YTD) chart, Gold has reentered a rally and is up approximately $300 from its June 10 lows. For the prominent investor and best-selling author of ‘Rich Dad Poor Dad,’ Robert Kiyosaki, the latest upswing is but a start to what he believes will be a 700% nine-year rally.
Specifically, in an early morning June 15 X post, the popular personal-finance writer called on his followers who missed the opportunity to ‘buy the dip’ not to despair, while setting a remarkably bullish 2035 price target: $35,000.
Notably, Kiyosaki offered few insights into his analysis, merely noting that his prediction features ‘nice dates and numbers that start and end with 35.’
‘Cash is trash’: Robert Kiyosaki urges followers against saving cash
Simultaneously, the famed author provided a bearish assessment of one of his most criticized assets: the U.S. dollar.
According to Robert Kiyosaki, owning cash is a losing bet that is sure to turn any individuals hoping to save in USD into losers.
Within this context, the prominent investor urged his followers not to be losers and to invest in Gold, but also in several other potential commodities and cryptocurrencies: Bitcoin (BTC), Ethereum (ETH), silver, and one he has so far seldom mentioned – oil.
How profitable have Robert Kiyosaki’s Gold buy recommendations been?
Elsewhere, as odd as the writer’s remarks can be, his previous recommendations to buy gold have generally proven immensely lucrative.
Indeed, Robert Kiyosaki has been bullish about the precious metal for decades and might have started accumulating the commodity half a century ago.
By press time on June 15, his strategy – and heeding his advice regarding gold – would have been a highly profitable move as the asset rallied 133% in the last five years, 240% in the last decade, and as much as 1,500% since the century started.
Silver has also been a successful recommendation, while Bitcoin and Ethereum have, given their recent performance, only been truly lucrative trades in the longer timeframes.
Featured image via Cavaleria Com YouTube
