“Rich Dad, Poor Dad” author Robert Kiyosaki says he cannot wait for the next crash in gold, silver, and Bitcoin. He plans to buy more when it comes.
His reasoning centers on soaring global debt and what he calls the failure of fiat money.
Why Robert Kiyosaki Buys When Others Panic
According to Kiyosaki, the real problem is the growing size of global debt, especially in the US. He also criticized the “incompetence” of political leaders.
Moreover, he slammed an education system that teaches “nothing, zero, nada about money.” He argued that fiat currency, which he calls fake money, steals wealth from workers and savers.
His concerns about debt have some basis. US federal debt reached about $40.6 trillion.
The stance echoes his long-running mantra that “savers are losers.” He has also repeatedly called the US “the biggest debtor nation in history.”
Will Kiyosaki’s Crash Strategy Pay Off This Time?
Kiyosaki’s welcome of crashes is not new.
Previously, he targeted $250,000 for Bitcoin, $27,000 for gold, and $100 for silver in 2026.
Silver later surpassed his target, topping $121 per ounce in late January. However, the rally did not last. On January 29, gold hit $5,600 before shedding $400 in about 30 minutes.
Today, all three assets trade well below those levels. Silver, for example, now trades at less than half its January peak. Even so, they rebounded after Tuesday’s US midterms, as Democrats take control of Congress.
Gold rose 2.34% to above $4,023 per ounce after touching a yearly low, while silver jumped nearly 4% toward $52. Meanwhile, a weaker dollar supported the rally.
Bitcoin also recovered to about $80,500 after falling to $75,618 earlier on Wednesday. Still, the leading crypto remains down about 3.8% over the past week.
For Kiyosaki, these lower prices are not a threat but an opportunity. However, buying during crashes requires spare cash, strong nerves, and patience. Timing the bottom also remains notoriously difficult.
