Gold’s decline pushed Robert Kiyosaki to acknowledge his earlier call on June 29, when the Rich Dad Poor Dad author told X followers he had misread the move and admitted he was wrong. The post framed the pullback as a market lesson for investors tracking gold, bitcoin, and broader hard-asset sentiment.

Kiyosaki said the mistake reflects his belief that the price you pay matters most. “Profits are made when you buy… not when you sell,” he said, referencing a Rich Dad lesson. Last week, he had expressed confidence in his timing, stating that gold had risen $62 since his purchase the previous day.

However, when the price fell on Monday, the famous author admitted:

“I was wrong. Gold still crashing! That’s real life.”

Investor education remained the focus of his X post. Kiyosaki told followers that successful investors prioritize long-term positioning over short-term discomfort and encouraged readers to view his mistake as a learning opportunity rather than a failure.

Gold fell to about $4,040 an ounce on Monday, deepening its monthly decline to more than 10% as U.S.-Iran talks, Gulf hostilities, and Federal Reserve expectations shaped trading.

Earlier comments showed Kiyosaki shifting between caution and conviction as gold prices moved sharply. On June 26, he said gold had risen after his purchase and tied a possible bull run to Jim Rickards’ forecast, while also watching gold, silver, bitcoin, and ethereum for technical reversals.

Despite the latest decline, he maintained his long-range gold target, framing the volatility as normal market behavior rather than a reason to abandon the trade. He reaffirmed in the June 29 X post:

“I still believe gold will be $35K in about 5 years.”

Pullbacks didn’t shake Kiyosaki—they drew him in. On June 23, as gold slipped, he called the drop “Great News,” treating it as a buying opportunity. He said he was waiting for chart confirmation, but signaled he was ready to add more gold alongside bitcoin and ethereum.

Recently, he warned about the U.S. dollar, citing debt and inflation, and urged savers to move into gold, silver, bitcoin, and ethereum. At the center is bitcoin, which he calls “people’s money,” pointing to its fixed 21 million supply. In his view, when pressure builds in traditional currencies, investors shift to assets that can’t be diluted.

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