'Gold still crashing!': Robert Kiyosaki admits he was wrong — but doubles down on his $35K prediction

"I was wrong. Gold still crashing!"

That's not a critic talking — it's Rich Dad, Poor Dad author Robert Kiyosaki himself, in a rare mea culpa posted to X in late June.

But if you think the famously bullish investor is backing away from precious metals, think again. In the same breath, Kiyosaki doubled down: "I still believe gold will be $35k in about 5 years."

His logic comes down to a classic Rich Dad lesson: "Profits are made when you buy…. Not when you sell." In other words, he isn't treating the drop as a reason to change course.

"All markets go up and down," he wrote. "The richest investors invest for the future. Not today."

Here's how everyday investors can take a page from that long-term playbook.

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Kiyosaki plays the long game

Kiyosaki's bullish stance on precious metals is nothing new. In 2023, he predicted gold would jump from US$2,000 to US$3,700 an ounce — a call that played out when prices surged past US$3,700 in 2025.

Now, even with gold pulling back, he's holding firm on his US$35,000 target in five years. As he put it: "Trust you learned from my mistakes. People who do not make mistakes learn nothing."

Kiyosaki's faith in precious metals stems from his distrust of paper money, especially in an inflationary environment. Earlier this year, he warned of "hyperinflation" in the U.S. that could leave "millions, young and old" financially devastated.

Gold, by contrast, has long been viewed as a safe-haven asset. Unlike fiat currencies, it can't be printed at will by central banks and its value isn't tied to any single country or economy.

That scarcity, combined with its history as a store of value, is why investors often flock to the metal during periods of inflation, economic turmoil or geopolitical instability.

Platforms such as CIBC Investor’s Edge make it easy to purchase both gold e-certificates and gold ETFs directly from your trading dashboard — allowing you to invest in precious metals without having to worry about storing and protecting physical gold bars.

Enjoy low commission fees of C$6.95 per trade and no annual fees for the first year. Investors who make over 150 trades in a quarter fall in the active trader category — and can enjoy a discounted commission rate of C$4.95 per trade for stocks and ETFs.

Get 200 free trades when you open a CIBC Investor’s Edge account using promo code EDGE2026. Plus, enjoy unlimited commission-free trades on over 180 select ETFs. Terms and conditions apply. Offer ends September 30, 2026.

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How Kiyosaki earns ‘steady cash flow’

Kiyosaki’s playbook goes beyond precious metals.

In a post on X earlier this year, he urged people to prepare for a recession by focusing on one key asset: “I have always recommended people become entrepreneurs, at least a side hustle and not need job security. Then invest in income-producing real estate, in a crash, which provides steady cash flow.”

Real estate has long been a go-to for income-focused investors, offering steady cash flow and a hedge against inflation.

When inflation rises, property values often increase as well, reflecting the higher costs of materials, labor and land. At the same time, rental income tends to go up, providing landlords with a revenue stream that adjusts with inflation.

It’s no wonder he once revealed he owns 15,000 houses for investment. Today, real estate investing platforms let everyday investors access similar opportunities — without needing millions to get started.

For investors who want real estate exposure without tying up large amounts of capital, you can invest in REITs and REIT ETFs within tax-advantaged accounts like a TFSA or RRSP with platforms such as CIBC Investor’s Edge.

Your money can grow more efficiently — and if you hold over C$10,000 combined across registered and non-registered accounts, you’ll pay zero annual fees.

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Finding the right asset mix

Whether it’s gold, real estate or cryptocurrency, determining the right mix of assets for your portfolio isn’t one-size-fits-all.

Fortunately, you don’t have to navigate these choices blindly. Having access to the right data and educational resources can help you make informed decisions and avoid expensive mistakes.

CIBC Investor’s Edge gives you access to expert analysis, investment research and trackers that are specifically designed to help you invest with confidence.

Whether you’re just starting or already trading actively, CIBC provides tailored resources for both beginners and advanced traders.

Start with the basics through their Investing 101 guides — and when you’re ready, take advantage of their advanced trading tools and research to inform your strategy.

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