Rich Dad, Poorer Call: Kiyosaki Concedes Gold Guess, Still Bets $35K in 5 🥇

Robert Kiyosaki acknowledged on X on June 29 that his recent short-term call on gold was incorrect, while maintaining his long-term price target of $35,000 per ounce within five years. The "Rich Dad Poor Dad" author posted: "I was wrong. Gold still crashing! Thats real life. RD Lesson: Profuts [profits] are made when you buy…. Not when you sell. I still believe gold will be $35 k in about 5-years. But that is real life: All markets go up and down." The reversal comes days after his June 25 post in which Kiyosaki referenced analyst Jim Rickards' $35,000 target, wrote that "GOLD just made the turn," and urged followers to keep buying physical gold and silver. He also reiterated his long-standing reference to purchases of gold at around $300 per ounce in the early 2000s and repeated the line he attributes to JP Morgan that "gold is money and everything else is credit."

The shift in tone tracks sharp moves in the spot market, with gold recently trading near $4,050 to $4,080 per ounce, down roughly 1.31% in the latest session and well off all-time highs around $5,600 earlier this year. A stronger US dollar and renewed rate uncertainty have been cited as drivers of the pullback, though gold remains up more than 21% over the past year and over 126% over five years. A move from roughly $4,050 to $35,000 per ounce would imply an increase of about 760%.

Kiyosaki has framed the $35,000 target as part of a broader thesis tied to exploding global debt, fragile fiat currencies, and a coming "biggest bubble bust in history" across global markets, under which he expects gold to be dramatically revalued as paper assets falter. He has continued to recommend accumulating physical bullion rather than paper derivatives and has used the admission to remind followers that "the richest investors invest for" the long term.