Robert Kiyosaki admitted on June 29 that his latest gold prediction missed the market's direction, telling X followers he was wrong after gold fell to about $4,040 an ounce on Monday. The Rich Dad Poor Dad author had expressed confidence last week that gold had risen $62 since his purchase, but reversed course when the price declined, stating "I was wrong. Gold still crashing! That's real life." Despite the pullback, Kiyosaki maintained his long-term forecast that gold will reach $35,000 in about 5 years. Gold's monthly decline exceeded 10% as U.S.-Iran talks, Gulf hostilities, and Federal Reserve expectations continued to drive market sentiment.
Kiyosaki Admits Wrong Gold Call on June 29, Frames Pullback as Investor Lesson
Kiyosaki's June 29 X post acknowledged his earlier call had misread the move and framed the decline as a market lesson for investors tracking gold, bitcoin, and broader hard-asset sentiment. He said the mistake reflects his belief that the price you pay matters most, stating "Profits are made when you buy... not when you sell," referencing a Rich Dad lesson. Last week, he had expressed confidence in his timing, noting that gold had risen $62 since his purchase the previous day.
When the price fell on Monday, Kiyosaki wrote: "I was wrong. Gold still crashing! That's real life." He told followers that successful investors prioritize long-term positioning over short-term discomfort and encouraged readers to view his mistake as a learning opportunity rather than a failure. 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.
Kiyosaki's Earlier Posts Show Shifting Sentiment from June 23 to June 26
Earlier comments showed Kiyosaki shifting between caution and conviction as gold prices moved. On June 26, he said gold had risen after his purchase and tied a possible bull run to Jim Rickards' forecast, while also watching gold, silver, bitcoin, and ethereum for technical reversals. Despite the latest decline, he maintained his long-range gold target, framing the volatility as normal market behavior rather than a reason to abandon the trade. He reaffirmed in the June 29 X post: "I still believe gold will be $35K in about 5 years."
On June 23, as gold slipped, Kiyosaki called the drop "Great News," treating it as a buying opportunity. He said he was waiting for chart confirmation, but signaled he was ready to add more gold alongside bitcoin and ethereum.
Kiyosaki Maintains Dollar Concerns, Advocates Bitcoin and Hard Assets
Recently, Kiyosaki warned about the U.S. dollar, citing debt and inflation, and urged savers to move into gold, silver, bitcoin, and ethereum. At the center is bitcoin, which he calls "people's money," pointing to its fixed 21 million supply. In his view, when pressure builds in traditional currencies, investors shift to assets that can't be diluted.
Frequently Asked Questions
What did Robert Kiyosaki admit on June 29?
Robert Kiyosaki admitted on June 29 that his latest gold prediction was wrong after gold fell to about $4,040 an ounce on Monday. He told X followers "I was wrong. Gold still crashing! That's real life," reversing his earlier confidence that gold had risen $62 since his purchase.
Why does Kiyosaki still forecast gold reaching $35,000?
Kiyosaki maintained his long-term forecast that gold will reach $35,000 in about 5 years, framing the current volatility as normal market behavior rather than a reason to abandon the trade. He emphasized that successful investors prioritize long-term positioning over short-term discomfort.
How did Kiyosaki respond to gold's decline on June 23?
On June 23, as gold slipped, Kiyosaki called the drop "Great News," treating it as a buying opportunity. He said he was waiting for chart confirmation but signaled he was ready to add more gold alongside bitcoin and ethereum.
