Robert Kiyosaki’s Sudden U-Turn: From Patient Investor to Bullish on Gold

The personal finance world was abuzz recently when Robert Kiyosaki, the author of ‘Rich Dad Poor Dad,’ made a stunning reversal in his stance on investing in gold. For weeks, Kiyosaki had been advising his millions of followers to wait for the charts to confirm a reversal in the metals market before adding to their gold holdings. However, in a sudden and dramatic turn of events, Kiyosaki declared that gold has made its turn and that he is now buying.

According to a post on X, the former Twitter, Kiyosaki wrote that gold rose $62 in the day after he bought it and floated a far bigger number for where it goes next. He even went so far as to suggest that gold could potentially reach $35,000 if Jim Rickards, a well-known author and economist, is correct in his forecast. Rickards’ model is based on a monetary-equilibrium approach tied to U.S. M1 money supply, Treasury gold reserves of about 8,100 metric tonnes, and a historical assumption about backing the dollar with gold.

Kiyosaki’s sudden change of heart has left many in the investing community scratching their heads. Just a week ago, he was cautioning his followers to be patient and not to let price dictate their decisions. He even went so far as to say that he would wait for the chart to call the bottom before adding to his gold holdings. However, after a single strong session, he flipped and began buying, abandoning his earlier stance of waiting for the chart to confirm a reversal.

The context for Kiyosaki’s sudden change of heart is a genuinely beaten-down metal. Gold traded near $4,049 an ounce on June 26, down 6.42% for the year and roughly 26% below its January record. Silver, another metal that Kiyosaki has been tracking, had slid to about $56 an ounce after setting an all-time high near $121.67 on January 29. Both metals are deep in a correction, the setup that makes a confident bottom call so seductive.

But what does Kiyosaki’s sudden change of heart mean for investors? The answer lies in the discipline that he abandoned to make his call. By buying into gold after a single strong session, Kiyosaki is essentially giving up on the patience and discipline that he had previously advocated for. This is a key lesson for investors: it’s not about making bold predictions or calls, but about developing a process for deciding when to add and when to sit still.

So what do you do with a famous investor’s bottom call? In this article, we’ll examine the implications of Kiyosaki’s sudden change of heart and what it means for investors. We’ll also explore the risks and rewards of investing in gold and whether Kiyosaki’s $35,000 forecast is feasible.

Kiyosaki’s own record is the best argument against treating his timing as gospel. Critics have long compared him, Rickards, and Peter Schiff to a stopped clock, noting that the three have called ever-higher gold targets for over a decade and simply say ‘not yet’ whenever prices fall. Anyone who bought near gold’s January peak above $5,600 was down close to 28% within months. Being right on direction over 25 years is not the same as being right on the week.

So what does this mean for investors? The answer lies in developing a process for deciding when to add and when to sit still. This is a key lesson from Kiyosaki’s sudden change of heart: it’s not about making bold predictions or calls, but about developing a discipline that can withstand the ups and downs of the market.

For most people, the answer is not a heroic call in either direction. It is an allocation. Treating metals as a defined slice of a portfolio rather than a savings-account replacement is the version of this story that survives a bad year.