The prominent investorRobert Kiyosaki is widely known for three things: authoring the best-selling personal finance book ‘Rich Dad Poor Dad,’ making exceptionally provocative posts on X, and being very bullish on gold, silver, and Bitcoin (BTC) and mightily bearish on the U.S. dollar.
Looking at the recent performance of the three, with silver running strong, gold now expected to hit $3,000 within months, and Bitcoin reaching a new all-time high (ATH) in March with even bigger moves expected with the halving, it seems apparent that Kiyosaki’s investment advice is sound.
With this in mind, Finbold decided to try and estimate just how much an investor would have made if they invested $1,000 in each of the author’s favored assets when he first recommended all three near the same time..
How much would an investment in Kiyosaki’s favored assets made when he turned bullish be worth now?
Tracking down when Kiyosaki first turned simultaneously bullish on the two commodities and the world’s premier cryptocurrency proved a troublesome task, but an extensive search yielded three strong candidates.
Kiyosaki has been bullish on gold and silver for decades, citing his sister’s investments as a positive example already in 1997 and, 20 years later, on August 14, 2017, he made a cautious recommendation for Bitcoin on Facebook (NASDAQ: META) – though he did warn it is extremely risky and expressed doubt in its long-term prospects.
That day, the price of Bitcoin stood at $4,300, of gold at $1,281, and silver at $17. This means that a $1,000 made in each of the three assets made at the time would now, on April 17, be worth $14,593 – with BTC press time price at $62,752.40 – $2119.68 – with gold’s press time price at $2391.09 – and $1684 – with silver’s price standing at $28.63.
The next milestone came on December 31, 2019, with the release of the book ‘Fake,’ in which Kiyosaki describes and, arguably endorses, gold and silver as ‘God’s money,’ and Bitcoin as ‘people’s money.’
That day, the price of Bitcoin stood at $7,252, of gold at $1,517, and silver at $17.82. This means that a $1,000 made in each of the three assets made at the time would now, on April 17, be worth $8,653, $1,576, and $1,606.6, respectively.
Kiyosaki’s stance became evidently solidified by the release of his interview with Anthony Pompliano, published on ‘The Rich Dad Channel’ on YouTube on July 8, 2020. Coincidentally, in the very same episode, Pompliano predicted a BTC climb to $100,000 – a prediction that is yet to come true.
That day, the price of Bitcoin stood at $9,439, of gold at $1,808, and silver at $18.7. This means that a $1,000 made in each of the three assets made at the time would now, on April 17, be worth $6648, $1,322.4, and $1,531, respectively.
Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.
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