Robert Kiyosaki: Gold's rally has just begun, predicts $35,000 price by 2035

Robert Kiyosaki, the author of "Rich Dad Poor Dad," has reiterated his optimistic long-term outlook for gold, predicting a dramatic price increase to $35,000 per ounce by 2035. Kiyosaki stated on the X platform that gold's rally has officially begun, noting a significant single-day price jump of over $100, which he sees as a sign of strengthening market momentum.

He believes that even investors who may have missed the initial surge should not be overly concerned, as gold's upward trend is just starting. Currently priced around $4,300 per ounce, Kiyosaki expressed confidence in its potential to reach his ambitious $35,000 target within the next decade.

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Gold's rally has officially begun.

The recent easing of tensions between the United States and Iran, leading to reduced fears of escalation in the Middle East, has contributed to a decrease in safe-haven demand. This shift has allowed capital to flow back into precious metals, boosting gold prices. International gold prices briefly surpassed $4,300 per ounce during intraday trading on Monday.

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Even if investors missed this rally, there is no need to worry too much, because gold's rally has just begun.

Kiyosaki also took the opportunity to restate his strong reservations about fiat currencies, famously declaring that "cash is trash." He warned that individuals holding cash savings would ultimately be the biggest losers in the current economic climate.

Regarding asset allocation, Kiyosaki advises investors to convert some of their cash into tangible assets such as gold, silver, Bitcoin, Ethereum, or oil. This strategy, he explained, involves exchanging "fake money" (cash) for "real money" and storing it. He urged investors to rebalance their portfolios promptly to avoid significant financial losses.

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This is the investment strategy I have been adopting for many years: exchanging fake money (cash) for real money and storing it.