Robert Kiyosaki Criticizes Buffett’s Shift Toward Gold and Silver as Metals Rally

• Kiyosaki slams Buffett’s gold shift, warning of a looming crash in stocks and bonds.
• Gold hits $3,872 and silver surges 48% year-on-year amid safe-haven demand.
• U.S. shutdown fears, inflation, and weak labor data fuel precious metals rally.

Robert Kiyosaki has strongly criticized Warren Buffett after the Berkshire Hathaway chairman began signaling support for gold and silver, despite decades of dismissal of the metals. The author of Rich Dad Poor Dad described Buffett’s endorsement as a warning sign of potential market turmoil, stating it could signal an impending crash in stocks and bonds.

Buffett’s stance on gold has remained consistent since taking leadership of Berkshire Hathaway in 1970. He often argued that the asset was unproductive, famously remarking in 2005 that he would prefer farmland or real estate over precious metals. In a 2011 CNBC interview, he referred to gold as a “way of going along on fear,” noting that prices typically surged when investors panicked but dropped once stability returned.

Despite this skepticism, Berkshire briefly invested in Barrick Gold during the second quarter of 2020 at the height of the pandemic, only to exit the position by year’s end. At the time, low inflation and subdued economic activity made the move appear tactical rather than a shift in philosophy.

Robert Kiyosaki’s Warning and Precious Metals Surge

Kiyosaki’s criticism comes at a time when gold and silver are posting large gains. Spot gold rose 0.4% to $3,872 per ounce, while December U.S. futures advanced 0.7% to $3,901. Silver traded at $47.27 per troy ounce, marking a 15.55% increase in the past month and a 48.43% rise compared to a year earlier.

On social media, Robert Kiyosaki expressed frustration with Buffett’s recent comments, writing that he felt “nauseous” hearing the billionaire praise metals after ridiculing them for years. He suggested that Buffett’s new position indicated a major downturn ahead, warning of a possible depression and advising investors to consider gold, silver, Bitcoin, and Ethereum.

Robert Kiyosaki’s remarks highlight concerns among market participants that rising safe-haven demand is tied to deeper instability in the broader economy.

Economic Uncertainty Drives Demand

The surge in precious metals coincides with heightened political and economic uncertainty in the United States. The Senate failed to reach agreement on extending federal funding, leaving the country on the brink of a shutdown. President Donald Trump warned that workforce cuts may be necessary if no deal is secured, intensifying fears of disrupted government operations.

Analysts point to these conditions, alongside a weakening dollar and persistent inflation pressures, as catalysts for the metals rally. Nicholas Frappell, global head of institutional markets at ABC Refinery, said gold’s momentum reflects the combined effects of a potential shutdown, dollar weakness, and geopolitical risks.

Labor market indicators have also added to investor caution. The latest Job Openings and Labor Turnover Survey showed a slowdown in hiring despite marginal growth in job openings. With inflation accelerating from 2.7% in July to 2.9% in August, market participants anticipate that the Federal Reserve could consider rate cuts, further boosting demand for gold and silver as hedges against uncertainty.