Kiyosaki Calls Gold Dip ‘Great News’; Will Buy After Reversal

Robert Kiyosaki called the recent pullback in gold “Great News” and wrote he will add to his holdings only after technical charts show a price reversal. He posted the comment on X on June 23 and reiterated an earlier position from June 20.

Kiyosaki said he is monitoring reversal signals across gold, silver, bitcoin and ethereum and will make purchases when the charts indicate a turnaround. “So I am watching prices of gold, silver, bitcoin, and ethereum on technical charts and will buy when prices reverse their decline,” he wrote.

Spot gold fell from levels above $5,000 earlier this year to below $4,000 in recent sessions. Market participants have pointed to shifting U.S. interest-rate expectations, a firmer dollar and profit-taking after the rally as factors behind the pullback. Traders are watching inflation readings and future central bank action for guidance on price direction.

Economist Peter Schiff reacted to the metals weakness on June 24, focusing on rate expectations. He wrote: “Gold is below $4,050. A dip below $4K is likely, but not worth the wait. Silver is below $60. Traders are pricing in rate hikes that may never happen. But even if they do, it will be too little, too late to slow inflation, which will rise more than rates. That’s bullish for gold.”

Kiyosaki has connected his longer-term forecasts for gold to structural pressures in the global financial system. After gold traded above $5,000, he reiterated a $27,000 target and described scenarios in which the metal could reach $35,000, citing high U.S. debt and monetary expansion and noting central bank accumulation of gold.

He treats bitcoin as a parallel hedge and highlights its 21 million coin supply cap. Kiyosaki has stated he would prioritize bitcoin if he could hold only one asset. His approach links purchases in gold, silver, bitcoin and ethereum to technical confirmation rather than automatic buying on declines.

Near-term market attention remains on inflation data and Federal Reserve rate expectations, factors that will influence precious-metals prices and the dollar.