SINGAPORE, Feb 2, 2026, 15:22 (SGT)
- Robert Kiyosaki says he’s holding cash and snapping up gold, silver, and bitcoin following the selloff
- Gold and silver plunge further as CME hikes margin requirements on metal futures
- Bitcoin falls under $80,000 as investors digest the impact of Fed chair nominee Warsh signaling tighter liquidity
Robert Kiyosaki, the “Rich Dad Poor Dad” author, said he’s snapping up gold, silver, and bitcoin following what he described as a “crash.” He called the price dip a chance to buy these assets “on sale.” (Bitget)
Gold and silver have seen sharp swings since Friday, with gold marking its steepest one-day drop since 1983 and silver hitting its worst daily plunge ever. CME Group bumped up margin requirements on major U.S. metal futures—the cash traders need to put up to maintain leveraged positions. A KCM Trade analyst pointed to “forced liquidations and margin increases” triggering a cascading effect. (Reuters)
Bitcoin tumbled, dropping 6.53% to $78,719.63 on Saturday. It had dipped as low as $81,104 on Friday after President Donald Trump picked Kevin Warsh to lead the Federal Reserve, Reuters reported. Brian Jacobsen, chief economist at Annex Wealth Management, cautioned that “price adjustments feed on themselves,” suggesting further selling could hit in the coming days. (Reuters)
Kiyosaki has consistently criticized fiat currency—government-issued money—while championing hard assets and crypto. A personal finance piece on Sunday revisited his catchphrase, “Savers are losers. Cash is trash,” but warned that ditching cash completely can leave investors vulnerable in volatile markets. U.S. regulators continue to recommend maintaining an emergency cash reserve for unexpected expenses. (GOBankingRates)
Monday’s Asian session saw metals drag down broader markets. Silver dropped as much as 14.2%, gold plunged up to 7.5%, while bitcoin slid 2.4% to $74,546.46 and ether dipped to $2,166.79, according to a Reuters “Instant View” on market moves. One strategist described the action as “risk off and de-leveraging,” another said the selloff “just snowballed” once profit taking kicked in. (Reuters)
Several major banks remain bullish on gold prices for later this year. JPMorgan projects gold will climb to $6,300 an ounce by year-end, driven by strong demand from central banks and investors. The bank also predicts central-bank purchases will hit 800 tons in 2026, despite gold’s recent sharp pullback from last week’s record high. (Reuters)
Kiyosaki’s targets are much more ambitious. On January 26, he tweeted that the “Future for gold [is] $27,000” after gold topped $5,000 an ounce, according to ArabicTrader. (Arabictrader)
Higher margins and thin liquidity risk turning a selloff into a downward spiral. CME described the recent increases as part of a “normal review of market volatility.” But higher collateral calls often hit smaller traders hardest, forcing them to liquidate positions just when the market can least absorb them. (Mining)
For now, Kiyosaki sees the decline as a chance to buy, not a shift in the trend. Markets will be watching if forced selling eases after the new margin rules kick in, and whether the Fed under Warsh tightens financial conditions beyond what investors anticipate.
