Relax About Market Fluctuations, Says Robert Kiyosaki
If you’re obsessively checking on gold prices, crypto trends, or silver rates, Robert Kiyosaki has some advice: take a breather.
In a post on January 22nd, the author of “Rich Dad Poor Dad” conveyed that he’s largely unfazed by daily shifts in the value of gold, silver, Bitcoin, or even Ethereum. Why? Because, in his opinion, the real concern lies not in market ups and downs, but rather in the gradual decline of the U.S. dollar’s value.
Kiyosaki believes that the increasing U.S. federal debt, now standing at approximately $38.45 trillion, is a significant factor behind the shrinking purchasing power of the dollar.
He’s got a point. At the time of his statements, the U.S. dollar index—a measure of the dollar’s strength against a collection of foreign currencies—had just dipped to a two-week low of 98.30.
Once this reality is acknowledged, Kiyosaki argues that daily price swings become less relevant. Yet, those swings in popular assets certainly seem to be influencing global markets.
For instance, gold reached an unprecedented high of $4,967.03 per ounce on January 23rd and is now approaching the $5,000 threshold. Silver, too, has been hitting new highs regularly, with an eye on reaching $100 per ounce. Meanwhile, Bitcoin was trading at $88,866.80, a stark contrast to its peak of over $126,000 back in early October.
As for Ether, it was priced at $2,915.86, sitting 40% below its all-time high of $4,953.73 from late April last year.
Instead of getting caught up in these fluctuations, Kiyosaki emphasizes a more significant issue: economic governance. He doesn’t hold back in his critiques, targeting what he describes as “incompetent and highly educated” individuals running the Federal Reserve and Treasury, suggesting they are repeating historical errors that lead to currency devaluation.
So, why should you be concerned about price charts at all? In Kiyosaki’s view, it’s rather pointless.
He continues to invest in gold, silver, Bitcoin, and Ethereum, convinced that as the purchasing power of the dollar diminishes, the value of these assets will rise. His perspective resonates with a growing number of investors who see inflation, national debt, and currency depreciation as serious threats, making tangible assets an attractive refuge.
