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Gold and Silver Dip: Buy or Sell? Kiyosaki Sees Technical Setup for Big Rally

From Liberty Times · () Chinese

Translated from Chinese, summarized and contextualized by DistantNews.

At a glance

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  • Robert Kiyosaki, author of "Rich Dad Poor Dad," maintains an optimistic outlook on precious metals despite recent price drops.
  • He advises investors to look beyond short-term price fluctuations and consider the broader economic environment and market background.
  • Kiyosaki believes current technical analysis for gold and silver suggests a significant upward trend is brewing, but urges independent analysis.

Despite recent pullbacks in gold and silver prices, "Rich Dad Poor Dad" author Robert Kiyosaki remains optimistic about the precious metals market. He emphasized on social media platform X that investors should not base their decisions solely on price movements. Instead, they should deeply examine the overall economic environment and market context surrounding an asset.

Kiyosaki shared that he has made many investment mistakes, including letting prices dictate his decisions. He stressed that understanding the economic forces behind an asset is more crucial than short-term price volatility. For instance, during a real estate market correction, he would focus on employment growth trends and local development rather than just the falling prices.

Investors should not base their decisions solely on price movements, but should deeply examine the overall economic environment and market context surrounding an asset.

— Robert KiyosakiExplaining his investment philosophy on social media.

Regarding gold and silver, Kiyosaki primarily observes the actions of global leaders and financial decision-makers to gauge improvements in U.S. and global economic challenges. He suggests that current leadership is failing to effectively address these issues, potentially worsening them. Based on this assessment, Kiyosaki continues to monitor gold, silver, Bitcoin, and Ether. He plans to use technical analysis to track price changes and will consider buying when the market completes its correction and shows reversal signals.

Kiyosaki believes the current technical indicators for gold and silver signal a critical phase for a potential surge. However, he cautioned investors against blindly accepting anyone's advice, urging them to conduct their own market analysis and develop independent judgment. In today's volatile market, he stated, opportunities and risks coexist, predicting that "smart people will get richer, while ignorant people may choose to do nothing."

Smart people will get richer, while ignorant people may choose to do nothing.

— Robert KiyosakiConcluding his remarks on the current market environment.
DistantNews Editorial

Originally published by Liberty Times in Chinese. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.

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