Robert Kiyosaki Issues Silver Warning: Major Pullback Possible Before Long-Term Rise
Robert Kiyosaki, the famous author of the Rich Dad Poor Dad book series, has issued a caution to investors. He says silver prices might be approaching a peak. A significant pullback could happen before the metal resumes its longer-term upward trend.
"Be Careful" Says Kiyosaki on Social Media
In a recent post on the social media platform X, Kiyosaki urged investors to exercise caution. He suggested the recent rally in silver has drawn in speculative sellers. These sellers could trigger a sharp market correction. "There will be a major pull back before it begins climbing again," Kiyosaki wrote. He added that large-scale selling by what he termed "silver speculators" might ultimately "crash the silver market."
Long-Term Bullish Stance Remains Unchanged
Despite this stark warning, Kiyosaki reaffirmed his long-standing bullish view on precious metals, especially silver. He stated his intention to continue buying silver even at higher prices, potentially up to $100 per ounce. However, he emphasized the importance of patience if a market crash occurs. "If and when silver crashes... I will be patient and wait till the silver market tells me what to do next," he explained.
This advice comes after a remarkable year for silver. The white metal's price surged nearly 150% last year, even outpacing gold's performance.
A Decades-Long "Silver Believer"
Kiyosaki reflected on his personal history with the metal. He noted he first purchased silver at around $1 per ounce in the 1960s. He became a true "silver believer" when prices climbed to the $4–$5 range around 1990. His comments highlight a core belief that silver's long-term value remains strong, despite potential near-term volatility.
Warning Against Greed in Bull Markets
A central theme of Kiyosaki's message was a warning against investor greed during strong market rallies. He quoted what he called "Rich Dad's wisdom," saying, "Pigs get fat... hogs get slaughtered." This suggests investors chasing quick, excessive gains risk being caught in sudden and severe market downturns.
Questioning the Logic of Selling for Cash
Kiyosaki also questioned the rationale of selling silver to obtain cash. He argued that investors would simply receive US dollars in return. Kiyosaki has frequently criticized the US dollar, citing inflation and rising government debt as factors weakening its value. Instead of converting to cash, he mentioned he is considering trading silver for gold. He framed this as a potentially "smart" strategy to preserve wealth within hard assets, rather than moving back into fiat currency.
Patience and Discipline Are Key
While Robert Kiyosaki remains firmly invested in precious metals, his latest comments serve as a clear reminder. Even strong believers in an asset class anticipate market corrections. He views patience and disciplined decision-making as critical tools for navigating these inevitable market fluctuations successfully.
