Robert Kiyosaki, author of the best-selling Rich Dad Poor Dad series, has warned that silver prices may be close to a peak and could see a sharp pullback before resuming their longer-term uptrend.
In a post on X, Kiyosaki urged investors to “be careful”, noting that the recent surge in silver prices has attracted speculative sellers who could trigger a sudden correction. “There will be a major pullback before it begins climbing again,” he wrote, adding that heavy selling by what he described as “silver speculators” could temporarily “crash the silver market”.
Despite the cautionary note, Kiyosaki reaffirmed his long-standing bullish view on precious metals, particularly silver. He said he plans to continue buying the metal even at higher levels, up to $100 an ounce, but stressed the importance of patience if prices fall sharply. “If and when silver crashes, I will be patient and wait till the silver market tells me what to do next,” he said.
(Rich Dad Poor Dad states that the primary difference between a rich man and a poor man is how they deal with fear. A rich man loses money, but he is bold about it. He takes risks, makes investments according to his own knowledge, but sometimes he may end up losing money.)
Silver prices have significantly outperformed gold, rising nearly 150 percent last year.
Kiyosaki also reflected on his decades-long association with silver, noting that he first bought the metal at around $1 an ounce in the 1960s. He said he became a “silver believer” when prices climbed to $4–$5 an ounce around 1990. His remarks underscore his belief that silver’s long-term value remains intact, even if near-term volatility increases.
A key theme of Kiyosaki’s message was a warning against greed during bull markets. Quoting what he described as “Rich Dad’s wisdom”, he said, “Pigs get fat… hogs get slaughtered,” cautioning that investors chasing quick gains risk being caught in sharp market corrections.
Kiyosaki also questioned the logic of selling silver for cash, arguing that investors ultimately receive US dollars, which he has repeatedly criticised as weakening due to inflation and rising government debt. Instead, he said he is considering exchanging silver for gold, describing it as a potentially smarter way to preserve wealth within hard assets rather than returning to fiat currency.
While Kiyosaki remains firmly committed to precious metals, his latest comments highlight that even strong believers in an asset class expect corrections — and see patience and discipline as essential to navigating them.
(By arrangement with livemint.com)
