After a stellar festive rally that pushed gold to new records, the yellow metal witnessed a price correction on Thursday, sparking fresh discussion on global currency stability and safe-haven assets.
In India, the price of 24-karat gold slipped to around ₹12,049 per gram, down from ₹12,240 a day earlier, according to GoodReturns. The 22-karat variant traded near ₹11,220 per gram. Globally, gold, which earlier this month touched an all-time high above $4,000 per ounce, has entered a cooling phase as investors book profits and reassess their positions.
Kiyosaki’s Bold Warning
Amid this market movement, Rich Dad Poor Dad author Robert Kiyosaki reignited debate on the future of fiat currencies, particularly the US dollar.
“Adding to my gold, silver, Bitcoin, and Ethereum stack,” Kiyosaki wrote on X (formerly Twitter), before posing a striking question:
“END of US Dollar?”
He further took a jab at traditional savings, saying:
“Savers of US dollars are losers. Be a winner. Take care.”
His comments echoed his long-held belief that tangible and digital hard assets — gold, silver, and cryptocurrencies — offer stronger protection against inflation, government debt, and central bank policies.
Investor Reactions and Broader Context
Kiyosaki’s remarks drew widespread attention online, with users comparing fiat currency to “Blockbuster gift cards in the Netflix era.” Others described his statement as “a eulogy for the dollar,” urging followers to “buy gold, buy crypto, stack assets.”
However, analysts caution that while gold and cryptocurrencies serve as inflation hedges, short-term price movements remain influenced by interest rate trends, global liquidity, and central bank decisions rather than social media sentiment.
Despite his alarmist tone, experts note that Kiyosaki’s view reflects a broader trend — investors seeking diversification amid global economic uncertainty, de-dollarization talks, and fluctuating monetary policy in major economies.
Outlook
Market analysts expect gold to remain volatile in the coming weeks as traders monitor US Federal Reserve cues and geopolitical developments. Meanwhile, the debate over the US dollar’s dominance continues to fuel renewed interest in alternative stores of value.
For now, India’s gold buyers — buoyed by cultural demand and festive buying — appear to be watching global cues closely as prices retrace from their record-setting highs.
Originally published on newsworldstime.com.
Originally published on 24×7-news.com.
