Rich Dad Poor Dad author Robert Kiyosaki says he’s waiting for gold and silver to bottom out before deploying fresh capital.
In a new post on X, the personal finance guru highlights that the real investment gains are made when assets are bought, not when they are sold.
Kiyosaki notes that while gold, silver and Bitcoin have been plummeting as of late, he’s remaining on the sidelines to wait for better prices.
“I stopped buying silver at $60. I stopped buying Bitcoin at $6,000. I stopped buying gold at $300.
I have sold some Bitcoin and some gold. I hate selling because I hate paying capital gains taxes.
Today… I wait patiently for new bottoms for gold and Bitcoin, then I may buy again.
Rich Dad Lesson: ‘Your profit is made when you buy… not when you sell.’
I will post on X when I begin to buy again. Until then, please remember another Rich Dad lesson: ‘Pigs get fat… hogs get slaughtered.'”
Kiyosaki says he’ll continue to accumulate hard assets instead of storing his wealth in US dollars, believing that America’s record-level national debt will ultimately lead to more money printing and currency debasement.
“The bigger problem is the national debt of the USA. The real debt is $38 trillion and $250 trillion when Social Security and other Marxist programs such as Medicare are counted.
Patience and vigilance and continual study on YouTube may be your smartest money habit today.
I will buy more silver at $74 and gold at $4,000. I have enough Ethereum for now. I will buy more.
The real problem is the Fed, our incompetent leaders, and our criminal banksters who rip us off via our fake dollars. Rough times ahead. Take care.”
At time of publishing, Bitcoin is trading at $64,996, down over 50% from its all-time high. Gold is valued at $4,813, a nearly 15% decline from its peak, while silver is worth $71.72, down more than 40% from its record high.
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