๐จ Robert Kiyosaki admits a timing mistake in his gold forecast.. but remains optimistic long-term
The famous investor and author Robert Kiyosaki acknowledged that his latest prediction about a rebound in gold prices came too early, after the yellow metal kept falling rather than rising as he had expected.
Despite admitting the timing error, Kiyosaki stressed that he is still committed to his long-term outlook, expecting the price of gold to reach $35,000 per ounce in the coming years, based on his concerns about rising global debt and the expansion of money printing.
Kiyosaki also asserts that short-term fluctuations do not change his conviction that gold will remain one of the most important assets for hedging in the long run, noting that timing mistakes are a normal part of investing.
๐ In your opinion, will gold manage to regain its momentum in the upcoming period, or will price pressures continue?
$XAUT
The famous investor and author Robert Kiyosaki acknowledged that his latest prediction about a rebound in gold prices came too early, after the yellow metal kept falling rather than rising as he had expected.
Despite admitting the timing error, Kiyosaki stressed that he is still committed to his long-term outlook, expecting the price of gold to reach $35,000 per ounce in the coming years, based on his concerns about rising global debt and the expansion of money printing.
Kiyosaki also asserts that short-term fluctuations do not change his conviction that gold will remain one of the most important assets for hedging in the long run, noting that timing mistakes are a normal part of investing.
๐ In your opinion, will gold manage to regain its momentum in the upcoming period, or will price pressures continue?
$XAUT