'Rich Dad' Who Recommended Buying Gold Now Predicts "Gold Price Halving"

"Will Fall Below $1200 per Ounce"

Robert Kiyosaki, the author of the global bestseller "Rich Dad Poor Dad," has predicted a crash in gold prices. This is contrary to his previous stance, which emphasized the importance of gold in asset portfolio composition.

On the 15th (local time), Kiyosaki stated on X (formerly Twitter) that "gold prices will very likely plunge below $1,200 per ounce." This contrasts with his recommendation last December to "buy gold," when he warned that the U.S. economy would face the Great Depression and war risks.

Robert Kiyosaki [Image source=Robert Kiyosaki X]

Kiyosaki, who emphasized gold investment multiple times last year, has now withdrawn that position. This is interpreted as a response to recent interest rate cuts by the U.S. Federal Reserve (Fed). However, he has maintained his recommendation to buy Bitcoin and silver.

That said, his predictions are not always accurate. Around this time last year, he predicted a global economic recession and that gold and silver would emerge as investment assets, but just two weeks later, gold and silver prices plummeted.

Robert Kiyosaki also continued his harsh criticism of the Fed. He described the Fed as a "Criminal Organization," emphasizing that "the Fed is the place that destroys the U.S. economy and makes the middle class poorer."

In the past, he has criticized the Biden administration, stating, "The reason a massive market collapse is approaching is that the trio leading the U.S. Fed, Treasury Department, and White House are failing in their roles." He warned, "The Treasury is printing trillions of fake money to replace shoppers, but it will not prevent an economic downturn," adding, "Millions of people will face truly difficult times ahead."

This content was produced with the assistance of AI translation services.