after For a short time it finds itself in the red zone In the year-to-date (YTD) chart, gold It is back on the rise and is up about $300 from the June 10 lows. By the prominent investor and best-selling author of Rich Dad Poor Dad, Robert KiyosakiThe latest rally is only the beginning of what is believed to be a 700% nine-year rally.
Specifically, in the early morning of June 15th X Another, famous personal finance writer Named His followers who missed the opportunity to “buy the dip” should not despair, as they set a significantly bullish price target for 2035: $35,000.
It is worth noting that Kiyosaki offered little insight into his analysis, merely pointing out that his predictions are characterized by “beautiful dates and numbers that begin and end with the number 35.”
“Cash is trash”: Robert Kiyosaki urges his followers not to save money
At the same time, the famous author gave a bearish assessment of one of his most criticized assets: the US dollar.
According to Robert Kiyosaki, owning cash is a losing bet that is sure to turn any individual hoping to save in US dollars into losers.
In this context, the prominent investor urged his followers not to be losers and to invest in gold, but also in several other possibilities. Goods and Cryptocurrencies: Bitcoin (Bitcoin), Ethereum (Ethereum), silverAnd one rarely mentioned until now – oil.
How profitable are Robert Kiyosaki’s recommendations for buying gold?
Elsewhere, despite the strangeness of the writer’s statements, his previous recommendations for buying gold were just as well It generally proves to be very profitable.
In fact, Robert Kiyosaki has been bullish on the precious metal for decades and may have started accumulating the commodity half a century ago.
By press time on June 15, his strategy – and heeding his advice on gold – would prove to be a highly profitable move as the asset had risen by 133% in the past five years, 240% in the past decade, and by as much as 1,500% since the turn of the century.
Silver has also been a successful recommendation, while Bitcoin and Ethereum, given their recent performance, have been really profitable trades on longer time frames.
Featured image via Cavalleria.com YouTube
