Gold and silver
A long-time advocate for gold, Kiyosaki made his first purchase of the precious metal in 1972. He has explained in the past he doesn’t “trust” the Federal Reserve, which controls the supply of money.
In October 2023, he predicted, “Gold will soon break through $2,100 and then take off. You will wish you had bought gold below $2,000. Next stop gold $3,700.”
It appears that the initial phase of his prediction could be coming to fruition. Gold prices have surged, now standing at about $2,400 per ounce.
Kiyosaki likes silver, too. “Silver from $23 to $68 an ounce,” he said in the October post, projecting major upside for the gray metal.
Silver has also experienced a bullish trend, yet at about $27 per ounce currently, it remains distant from Kiyosaki's prediction.
Kiyosaki remains bullish on these precious metals and has recently updated his forecast. In a post on X on July 23, he predicted that gold and silver prices will rise, based on the prospect of former president Donald Trump winning the November election.
“I predict gold will rise from $2,400 an ounce to $3,300; silver from $29.00 an ounce to $79.00; and Bitcoin from $67,400 per coin to $105,000 by August 2025,” he wrote.
Gold and silver have long been considered a popular hedge against inflation. The reason is simple: These precious metals can’t be printed out of thin air like fiat money.
Nowadays, it’s easy to add gold and silver to your portfolio.
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Read MoreBitcoin
Bitcoin is renowned for its volatility, and its performance in 2024 has been no exception. The year began with Bitcoin trading at approximately $44,100 per coin. By March, its price had surged to over $73,000, but that has since retreated quite a bit. Currently, bitcoin trades at about $57,000 per coin.
Kiyosaki's ambitious Bitcoin price target of $105,000 by August 2025 suggests a potential upside of 90% for the world's largest cryptocurrency.
The famed author is known for making bold predictions about cryptocurrency prices. In June, he stated, “BITCOIN will be $350,000 by August 25, 2024 is not a lie,” clarifying that “it’s a prediction. It’s speculation, it’s an opinion, but it’s not a lie.”
On July 3, Kiyosaki warned that technical charts indicate the “biggest crash in history” is coming, suggesting that the prices of Bitcoin and other assets could plummet. However, he also predicted that this would be followed by a significant long-term bull market cycle, during which Bitcoin's price could skyrocket.
“Bitcoin easily to $10 million per coin,” he wrote, highlighting his long-term optimism.
One reason Bitcoin attracts crypto enthusiasts is its limited supply. Unlike fiat currencies, Bitcoin can’t be printed at will by central banks. Instead, the number of Bitcoins is capped at 21 million by mathematical algorithms.
It’s very easy to buy Bitcoin these days. There are many online exchanges, brokers and even ATMs to purchase from. Be warned, they can charge up to 4% in commission fees, so look for ones that charge low or even zero commissions, and always make sure you're using a legitimate platform.
You may also consider exchange-traded funds that provide exposure to the cryptocurrency, such as the iShares Bitcoin ETF (IBIT) and Fidelity Wise Origin Bitcoin Fund (FBTC).
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