ChainCatcher reported that 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 sole basis for his decisions to buy or sell assets. Kiyosaki said he has made many mistakes in the past, and one of them was allowing price to influence his investment judgment. He said he now pays more attention to the “environment” surrounding an asset and the broader macro background, rather than reacting only to short-term price fluctuations.
According to Kiyosaki, current global economic management is performing poorly and could lead to worsening problems. Against that backdrop, he said he is watching the technical trends of gold, silver, Bitcoin and Ethereum, and is waiting for prices to finish their downtrends before buying. He added that the technical charts for gold and silver show that both may be in a stage before a significant rise.
Kiyosaki also urged investors to make their own judgments and not blindly believe the views of others. His remarks focused on the idea that investment decisions should not be driven only by current market prices, but should also take into account the asset’s environment, macro conditions and technical trend changes.