Robert Kiyosaki, the author of "Rich Dad Poor Dad," said he bought more gold and silver during the latest pullback in precious metals. He pointed to a forecast from investor Jim Rogers that prices are headed "to the moon" — but with severe retracements along the way.
The scale of the pullback
Gold hit a high near $5,405 before sliding back toward $4,006, a drop of roughly 26%. Silver climbed to $118, then retraced to $56, cutting its peak by more than half. Those moves have rattled some traders, but Kiyosaki sees the decline as a buying opportunity.
Why Kiyosaki is buying
Kiyosaki said his decision to add to his holdings stems from a troubled global economy, distrust of central banks and political leaders, mounting government debt, fiat currency devaluation, and inflation. He claims many speculators buy at peaks and sell at bottoms — a pattern he's trying to avoid. "I am not a financial advisor," he stated, and encouraged independent research before making any investment moves.
Rogers' cautious optimism
Jim Rogers, who co-founded the Quantum Fund, forecast on July 17 that gold and silver are headed higher, "to the moon." But he also warned of severe retracements. In earlier remarks, Rogers said: "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." That comment suggests he's waiting for deeper dips before adding to his own positions.
The risks of precious metals
Precious metals yield nothing — no dividends, no interest — and their volatility can punish investors who mistime entries. The recent 26% drop in gold and the more-than-50% slide in silver illustrate how quickly momentum can reverse. Kiyosaki's move to buy during the pullback runs counter to the fear that often grips markets during sharp declines.
Kiyosaki's latest purchases come as he continues to warn about the fragility of the financial system. He has long advocated holding gold, silver, and bitcoin as hedges against what he sees as inevitable currency debasement. Whether the pullback has further to go — or whether Rogers' moon-shot forecast will materialize — remains an open question for anyone watching the metals markets.
