If You Want To Get Rich, Own Gold - Rich Dad, Poor Dad’s Kiyosaki
“If I want $10,000 a month, I hold $10,000 in gold; gold is an attractor and people need to understand that if you buy more gold, your income goes up,” he said in an interview with Kitco News.
The entrepreneur said that besides being real money, he views gold as something spiritual.
His comments come at a time gold sees its highest session in more than five weeks, as markets digest disappointing U.S. labor data released Friday morning. August Comex gold futures last traded at $1,279 an ounce, up 0.7% on the day.
And while Kiyosaki had no gold forecasts, he pointed to another author, Jim Rickards of Currency Wars fame, for guidance.
“Jim talks about $10,000 gold and his numbers work,” he said.
After selling 41 million copies worldwide with his Rich Dad, Poor Dad book, Kiyosaki shared insights from his latest book: Why the Rich are Getting Richer.
“If you want to be rich, you need a different education than the middle-class and the poor,” Kiyosaki explained.
His three-part path to wealth involves using market crashes, debt and taxes to one’s advantage.
“While others say live debt-free, I’m borrowing my butt off,” he said.