Robert Kiyosaki Backs Gold and Silver Rebound, Buys More Despite 24.55% Correction on July 17

According to Bitcoin.com News, on July 17, Robert Kiyosaki endorsed the bullish long-term outlook for gold and silver attributed to veteran investor Jim Rogers, treating the ongoing correction as a buying opportunity. Kiyosaki stated he agreed with Rogers' view that precious metals will "go to the moon," while acknowledging severe retracements could occur.

Gold futures closed at $4,012.70 per ounce on July 17, down 24.55% from January's peak of $5,318.40. Silver settled at $56.038, representing a decline of over 50% from its record high of $115.08. Kiyosaki responded to the decline by increasing his gold and silver holdings rather than following investors selling into weakness.