Kiyosaki Admits Misreading Gold Rally, Keeps $35K Target

Robert Kiyosaki acknowledged on X on June 29 that he misread a recent gold rally and wrote, “I was wrong,” while reiterating his view that gold could reach $35,000 in roughly five years.

In his post, Kiyosaki wrote, “I was wrong. Gold still crashing! That’s real life,” and used the update to stress buying discipline, adding, “Profits are made when you buy… not when you sell.” He presented the episode as an investor lesson and encouraged followers to focus on long-term positioning rather than short-term price moves.

The comments came after a volatile stretch in the gold market. Prices fell to about $4,040 an ounce on Monday, deepening a monthly decline of more than 10 percent as talks between the U.S. and Iran, clashes in the Gulf and shifting expectations about Federal Reserve policy affected trading.

Kiyosaki had earlier reported a $62 gain after a purchase, then described later declines as buying opportunities while awaiting chart confirmation. On June 26 he linked a possible bull run to forecasts from Jim Rickards and said he was monitoring technical signals for gold, silver, bitcoin and ethereum. On June 23 he called the price drop “Great News” for prospective buyers.

Beyond his short-term posts, Kiyosaki has warned about risks to the U.S. dollar, citing national debt and inflation as reasons for savers to consider hard assets. He continues to recommend a mix that includes gold, silver, bitcoin and ethereum, and has described bitcoin as “people’s money,” pointing to its fixed supply of 21 million coins.

Kiyosaki framed his public correction as a transparency effort for his followers, saying the mistake offered a practical lesson about buying and patience rather than a reason to abandon his long-range forecast.