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Consider the controversial investor Robert Kiyosaki, author of the world's best-selling book "Rich Dad Poor Dad," that the decline in gold prices is "great news" for investors, confirming that he is awaiting a trend reversal signal to increase his purchases of the precious metal.
Kiyosaki said, in a post on his X platform account: "Great news... gold prices are falling. I will wait for a turnaround signal on the technical charts, then I will buy more."
Gold prices have fallen to $4,123 per ounce, amid the rise of the US dollar and increasing expectations that the Federal Reserve will tighten monetary policy and raise interest rates in the coming months.
Kiyosaki had previously advised investors in gold and silver, emphasizing that buy and sell decisions should not be based solely on price movements, but on understanding the economic environment and the surrounding conditions of the assets.
He said: "Please, don’t believe me. What do you see? These times are exciting, and the smart will become wealthier, while doing nothing might be the best option for some."
Kiyosaki is known for his ongoing advocacy of gold, silver, and alternative assets as hedging tools against inflation and the declining purchasing power of fiat currencies. $BTC