Robert Kiyosaki, famed author of 'Rich Dad Poor Dad,' dismisses the recent surge in gold prices as a speculative frenzy rather than a rational response to escalating tensions involving Iran. He argues that while geopolitical risks are real, gold's rally—driven by spikes in GLD and VIX—reflects panic, not sound investment strategy.
- GLD rose 8.3% in one month, reaching a peak of $2,435 per ounce in early March 2026
- ^VIX climbed to 31.7 on March 1, its highest level since late 2022
- Crude oil (CL=F) surged 6.2% amid Middle East tensions
- Global central bank gold purchases totaled 1,136 tons in 2025, up 18% year-on-year
- Kiyosaki warns gold rally is driven by fear, not fundamentals
- He advocates for income-generating assets over non-yielding bullion
Robert Kiyosaki has issued a sharp critique of the gold market’s recent performance, calling the rally a 'frenzy fueled by fear' rather than fundamental value. Speaking amid heightened regional instability involving Iran, Kiyosaki pointed to the surge in gold futures and the SPDR Gold Shares ETF (GLD), which rose 8.3% over the past month as investors sought refuge from escalating conflict risks. He noted that gold’s peak intraday price reached $2,435 per ounce in early March, its highest level since 2020. Kiyosaki emphasized that while gold has historically served as a safe-haven asset, today’s rally is more reflective of short-term market psychology than long-term economic trends. He highlighted the jump in the CBOE Volatility Index (^VIX), which climbed to 31.7 on March 1, its highest since late 2022, signaling elevated investor anxiety. Simultaneously, crude oil prices (CL=F) surged 6.2% over the same period, reflecting supply concerns linked to the Middle East crisis. Despite the volatility, Kiyosaki urged investors to focus on tangible assets and income-generating investments rather than speculative bullion. He argued that the real threat to wealth preservation lies not in currency devaluation but in overreliance on assets with no intrinsic yield, like gold. His commentary comes as central banks globally continue to accumulate gold, with official purchases reaching 1,136 tons in 2025—up 18% from the prior year.