Odaily reported that Robert Kiyosaki, the author of Rich Dad Poor Dad, said in a post that he will not decide whether to buy or sell assets solely according to price. His comment came as gold and silver prices have recently declined. Kiyosaki said he has made many mistakes in the past, and one of them was allowing price movements to influence his investment judgment too heavily.
According to Kiyosaki, his current focus is less on short-term price volatility and more on the broader “environment” surrounding an asset, along with the macro backdrop. He linked this approach to his view that global economic management is performing poorly and that related problems will continue to worsen.
Kiyosaki said he is now watching the technical trends of gold, silver, Bitcoin and Ethereum. He added that he is waiting for prices to end their downward trends before buying, rather than acting while the declines are still in progress.
On gold and silver specifically, Kiyosaki said their technical charts show that both assets are in a stage ahead of a large rise. At the same time, he cautioned investors to make their own judgments and not blindly trust other people’s views. His remarks centered on combining the macro environment with technical trends when evaluating gold, silver, Bitcoin and Ethereum.