Robert Kiyosaki says silver prices are nearing a dangerous peak and warns investors to prepare for a sharp pullback.
In a new post on X, the Rich Dad Poor Dad author warns that rising enthusiasm around silver is setting the stage for a correction, as long-time holders and speculators rush to sell into strength.
Kiyosaki says surging prices often lure in late sellers, which can overwhelm demand and trigger a sudden reversal.
“PLEASE BE CAREFUL: SILVER PEAKING. There will be a major pullback before it begins climbing again. I stand by what I am doing….I will buy silver up to $100 and wait. If and when silver crashes…. I will be patient and wait til the silver market tells me what to do next.”
He then places the current moment in the context of his decades-long experience with the precious metal, noting that today’s enthusiasm mirrors past cycles where speculative selling ultimately drove prices lower.
“Yet I have been blessed in purchasing silver for about $1 an ounce in 1965. I became a silver believer when silver hit $4 to $5 an ounce around 1990. Millions of silver speculators are selling as prices go up. The sellers will crash the silver market.”
Kiyosaki closes by reiterating his core investing philosophy, warning against greed and emphasizing his intention to rotate into gold rather than cash out into dollars.
“Always remember Rich Dad’s wisdom: ‘Pigs get FAT…Hogs get SLAUGHTERED.’ Besides, if you sell… you get paid in dollars. Silly. I am planning on trading my silver for gold. SMART? Take care.”
At time of publishing, silver is trading at $84.
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