ChainCatcher reported that Robert Kiyosaki, author of Rich Dad Poor Dad, said in a post that he will not decide whether to buy or sell assets based only on price movements, even though gold and silver have recently fallen. Kiyosaki said he has made many mistakes in the past, and one of them was allowing price to influence his investment judgment too heavily.
According to his comments, Kiyosaki now places more emphasis on the environment in which an asset is trading and on the broader macro backdrop, rather than on short-term price fluctuations alone. He said current global economic management has been poor and may cause problems to continue worsening.
Against that backdrop, Kiyosaki said he is watching the technical trends of gold, silver, Bitcoin and Ethereum. He stated that he is waiting for prices to finish their downtrend before buying. He also said that the technical charts for gold and silver show the two assets may be in a stage before a large upward move.
Kiyosaki added a cautionary note, saying investors should make their own judgments and should not blindly trust other people’s views. His remarks grouped gold, silver, Bitcoin and Ethereum together as assets he is monitoring, while stressing that his focus is on the broader setting and trend changes rather than price declines alone.