Gold Prices Soar Past $5,000 Mark, Kiyosaki Eyes $27,000 Target
In a historic milestone, gold prices surged past the $5,000 per ounce mark on Monday, January 26, for the first time ever. This remarkable rally has caught the attention of investors worldwide, with Rich Dad Poor Dad author Robert Kiyosaki doubling down on his bullish stance. Kiyosaki, a vocal advocate for hard assets, has projected that gold could potentially climb to an astonishing $27,000 in the coming years, signaling that the current uptrend might be far from over.
Kiyosaki's Bold Prediction and Investment Philosophy
In a recent post on social media platform X, Kiyosaki celebrated the gold price surge, viewing it as validation of his long-held belief that fiat currencies are losing their purchasing power. He emphasized that assets like gold, silver, and cryptocurrencies are superior holdings in today's economic climate. "GOLD soars over $5,000. Yay!!!! Future for gold $27,000," he wrote, without providing a specific timeline for this forecast. A jump from $5,000 to $27,000 would represent a more than five-fold increase, making it one of the most aggressive bullish calls on the precious metal in recent memory.
Despite gold appearing pricey to some investors at these elevated levels, Kiyosaki remains undeterred. He stressed in a post last week that he would continue to accumulate crypto and precious metals even at current prices. The veteran author explained that he is unconcerned with short-term price fluctuations in gold, silver, or Bitcoin, as he believes the rising US debt is eroding the value of the US dollar, making these alternative assets a more reliable store of wealth. "I just keep buying more gold, silver, Bitcoin, and Ethereum and get richer," Kiyosaki stated, underscoring his commitment to this strategy.
Drivers Behind the Gold Price Rally
The surge in gold prices to over $5,000 is attributed to a combination of factors that have boosted safe-haven demand. Geopolitical risks and a weakening US dollar have made the precious metal more attractive to investors, particularly those holding other currencies. Investor sentiment towards US assets has been dampened by erratic decision-making from the Trump administration, adding to the uncertainty.
Recent actions by US President Donald Trump have further fueled market volatility. Last week, he backtracked on threats to impose tariffs on European allies in response to their opposition to his bid to acquire Greenland. Over the weekend, he warned of imposing a 100% tariff on Canada if it proceeds with a trade deal with China, and a 200% tariff on French wines and champagnes to pressure French President Emmanuel Macron into joining his Board of Peace initiative. These developments have heightened economic and trade uncertainties, driving investors towards gold as a safe haven.
Historical Context and Analyst Outlooks
The latest rise in gold prices builds on an impressive rally that began last year. In 2025, gold rates increased by almost 70%, marking the best annual gain since 1979. On a month-to-date basis, gold prices are up 17%, supported by ongoing central bank purchases, persistent economic and trade uncertainties, and strong inflows into exchange-traded funds (ETFs).
Financial institutions have also adjusted their forecasts in response to the rally. Last week, Goldman Sachs raised its gold price target to $5,400 per ounce. Meanwhile, Chris Wood of Jefferies, in a note from last September, projected that gold prices could eventually reach as high as $6,600 per ounce in the long term. These revised targets reflect growing optimism about gold's potential amid global economic challenges.
Disclaimer: This story is for educational purposes only. The views and recommendations expressed are those of individual analysts or broking firms, not Mint. We advise investors to consult with certified experts before making any investment decisions.
