According to ChainCatcher, Robert Kiyosaki, author of Rich Dad Poor Dad, said in a post that the recent decline in gold and silver prices will not be the only factor guiding his decision to buy or sell assets. He said he has made many mistakes in the past, including allowing price movements to influence his investment judgment. He now places more emphasis on the “environment” surrounding an asset and the broader macro background, rather than short-term price fluctuations alone.
Watching gold, silver, Bitcoin and Ethereum
Kiyosaki said the current management of the global economy has been poor and may cause problems to continue worsening. Against that backdrop, he is watching the technical trends of gold, silver, Bitcoin and Ethereum, and is waiting for prices to end their downtrend before making purchases.
Regarding gold and silver, he said their technical charts show that both assets may be in a stage before a large upward move. At the same time, he reminded investors to make their own judgments and not blindly trust other people’s views. His comments center on avoiding investment decisions driven purely by short-term price changes while continuing to monitor precious metals and major crypto assets.