Robert Kiyosaki said he bought more gold and silver during the latest pullback, echoing Jim Rogers with a blunt forecast on July 17 that both metals are headed higher.

The author of “Rich Dad Poor Dad” frames the retracement as an opportunity, though critics see familiar risks.

The Brutal Pullback Behind Kiyosaki’s Latest Call

A retracement is a temporary price decline inside a broader uptrend, distinct from a full reversal. Traders watch these pullbacks closely because they often shake out recent buyers before the trend resumes.

The recent numbers show why the topic matters. Gold reached a high near $5,405 before sliding back toward $4,006, a drop of roughly 26%.

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Silver moved even more violently. The precious metal climbed to $118, then retraced to $56, cutting its peak by more than half.

Kiyosaki quoted JimRogers directly on X, writing that gold and silver are going to the moon. He added an important caveat from the veteran commodities investor.

According to that view, the eventual surge will not arrive in a straight line. Severe retracements and heavy volatility should be expected along the way, testing investor resolve.

“Interesting, many ‘speculators’ buy at the TOP then selling at the BOTTOM. I am in agreement with my friend Jim Rogers. During this last ‘retracement’ or ‘crash’ I bought more gold and silver,” Kiyosaki said on X.

The behavioral point sits at the center of his argument. Kiyosaki claims many speculators buy at peaks driven by fear of missing out, then panic-sell at lows.

Why are Kiyosaki and Rogers Bullish on Gold and Silver

Kiyosaki also revealed that he had bought more metals during the drop. Asked by a friend for his reasoning, he pointed to a troubled global economy and his distrust of central banks and political leaders.

His overall position is neither new nor subtle. For years, he has warned about government debt, fiat currency devaluation, and the steady erosion of purchasing power through inflation.

The context helps explain the audience. Elevated national debts, geopolitical tensions, and doubts about monetary policy keep pushing capital toward perceived safe havens.

For Jim Rogers, Gold and silver form his standard duo of recommended hedges. The thesis holds that tangible assets with intrinsic value protect wealth when institutional trust deteriorates.

“Gold and silver have been going straight up. I am not buying now, but I am not selling either. If they go down, I hope I am smart enough to buy more,” Rogers previously noted.

The counterargument deserves equal space. Precious metals yield nothing, and their volatility can punish investors who mistime entries or lack patience.

Kiyosaki himself repeats that he is not a financial advisor. He encourages readers to research independently and consult professionals before acting on anything he publishes.

Whether the lunar trajectory materializes remains unproven. The debate, meanwhile, keeps drawing attention from investors worried about preserving wealth.

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Source: BeInCrypto