Kiyosaki Admits Gold Mistake But Holds Firm on $35,000 Five-Year Target

Robert Kiyosaki, the bestselling author behind "Rich Dad Poor Dad," made headlines on June 29, 2026, when he publicly acknowledged that his short-term outlook on gold had been incorrect. Despite the admission, Kiyosaki remained unwavering in his long-term conviction, maintaining that gold will reach $35,000 per ounce within the next five years.

In a post shared on X, Kiyosaki wrote plainly: "I was wrong. Gold still crashing! That's real life." He went on to frame the moment as a teaching opportunity, reminding his followers of a core "Rich Dad" principle — that profits are built at the point of purchase, not at the point of sale. He also reiterated that all markets experience cycles of rise and decline, and that true wealth is built by investors who think in decades, not days.

The candid reversal came just four days after a June 25 post in which Kiyosaki had expressed a more optimistic near-term view. In that earlier message, he suggested gold had "just made the turn" and referenced analyst Jim Rickards, who has projected similarly aggressive price targets. At the time, Kiyosaki encouraged followers to continue accumulating physical gold and silver, citing deteriorating global macroeconomic conditions as justification.

The market reality behind his correction is hard to ignore. Spot gold was trading in the range of $4,050 to $4,080 per ounce at the time of writing, reflecting a decline of approximately 1.31% in the most recent session. More significantly, gold has retreated sharply from its earlier all-time high of around $5,600, pressured by a resurgent US dollar and renewed uncertainty surrounding interest rate policy.

Still, the broader picture for gold remains compelling from a long-term perspective. The metal has appreciated more than 21% over the past twelve months and has surged over 126% across a five-year window, reinforcing its status as a reliable hedge against inflation and currency debasement.

Kiyosaki's $35,000 price target is not a technical forecast rooted in chart patterns or short-term momentum. Instead, it stems from a macro thesis centered on what he describes as a looming systemic financial reset. His argument rests on the accelerating growth of global debt, the fragility of fiat currency systems, and what he characterizes as the largest financial bubble in modern history. He believes gold will be fundamentally revalued once confidence in paper assets collapses.

To support his thesis, Kiyosaki often references his own history with the metal — he began purchasing gold at approximately $300 per ounce during the early 2000s bull run. He also frequently invokes the well-known quote attributed to JP Morgan: "Gold is money. Everything else is credit."

A move from current levels near $4,050 to his $35,000 target would represent a price increase of roughly 760%, a magnitude that implies extraordinary economic disruption. For such a scenario to materialize, conditions would likely need to include sustained elevated inflation, a significant erosion of trust in sovereign debt markets, or a dramatic reorientation of global dollar reserves.

Not everyone is convinced. Critics have long pointed to Kiyosaki's track record of bold, sometimes unfulfilled predictions. His willingness to reverse short-term calls while maintaining extreme long-term targets draws skepticism from both traditional financial analysts and participants in the cryptocurrency space. Some observers argue that his reversals undermine his credibility as a market commentator.

Nevertheless, the overarching message Kiyosaki delivers remains consistent: patience is the ultimate investment strategy. Daily price swings, he argues, are irrelevant noise for those building generational wealth. His recent admission, rather than weakening his position, may actually reinforce his broader point — that even experienced investors face uncertainty, and the key is to stay committed to a long-term framework while remaining honest about short-term misjudgments.