Kiyosaki Cites Rogers' "Moon" Call, Says He Bought More Gold and Silver 🪙

Robert Kiyosaki said on July 17 that he purchased additional gold and silver during the recent pullback, aligning himself with veteran investor Jim Rogers on the outlook for both metals. Quoting Rogers directly on X, Kiyosaki wrote that "gold and silver going to the moon" while adding Rogers's caveat that any advance will likely include severe retracements and heavy volatility. Kiyosaki framed the latest drop as a buying opportunity, stating, "During this last 'retracement' or 'crash' I bought more gold and silver," and argued that many speculators "buy at the TOP then selling at the BOTTOM."

The pullback he referenced was sharp in both metals. Gold climbed to a high near $5,405 before sliding back toward $4,006, a decline of roughly 26%. Silver moved more violently, rallying to $118 before retracing to $56, a drop of more than half from its peak. Peter Schiff noted on X the same day that gold had risen $30 and retaken $4,000, writing, "Investors still don't understand how bullish the fundamentals are for gold or how much they've improved due to war, bursting tech bubbles, and rising deficits, inflation, and bond yields."

Kiyosaki said he was asked by a friend to explain his reasoning and cited a troubled global economy alongside his longstanding distrust of central banks and political leaders. He has repeatedly warned about government debt, fiat currency devaluation, and the erosion of purchasing power tied to monetary policy. The latest comments continue that thread, with both Kiyosaki and Rogers pointing to macro stress as the backdrop for their bullish stance on precious metals despite the recent drawdowns.