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Where Are You Now, Gold Bugs?

October 17, 2008 by WendyB

Continuing my thoughts from a week ago….

Gold is down below $800 an ounce (yay!) and headed for a big weekly loss. Naturally, I haven’t heard from any would-be gold investors today, because THIS would be the time to buy gold. I only hear from them when gold is at a high.

Speaking of investing, Warren Buffett has a good article in the New York Times in which he says, “A simple rule dictates my buying: Be fearful when others are greedy, and be greedy when others are fearful.”

Warren Buffett

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Filed Under: Business, gold, In the News, price of gold

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Reader Interactions

Comments

  1. S says

    October 17, 2008 at 9:51 am

    haha great quote from a great man!
    Thanks for the lovely comment by the way 🙂

  2. Couture Carrie says

    October 17, 2008 at 9:57 am

    Excellent advice . . . good as gold!

    xoxox,
    CC

  3. Aretha says

    October 17, 2008 at 9:59 am

    Yes Buffett, you have to do it your own way

  4. Sharon Rose says

    October 17, 2008 at 10:04 am

    Hi there-a great quote and it certainly seems the right time for buying gold too-lets hope it goes down even further!!

  5. coco says

    October 17, 2008 at 11:14 am

    That is a really good idea to have them altered. I’m going to look into it.

  6. Miss Janey says

    October 17, 2008 at 11:27 am

    Here’s Miss Janey wishing he was her Dad.

  7. enc says

    October 17, 2008 at 12:06 pm

    WB (same initials!!!!!) didn’t get rich being stupid. That’s good advice he’s given.

  8. Deirdre says

    October 17, 2008 at 1:12 pm

    I’m kind of thinking that the real Coco left that comment up there. It’s so . . . unrelated.

    Anyhoo, I’m buying stock like crazy right now. It’s like a 75% off sale on Louboutin shoes.

  9. WendyB says

    October 17, 2008 at 1:17 pm

    LOL! Deirdre, she was responding to something I wrote on her blog.

  10. Skye says

    October 17, 2008 at 1:25 pm

    Mr Buffett will shortly own just about everything in the entire world – the benefits of being super, extra, astoundingly liquid when the markets are plummeting like this. His advice is worth hearing!

  11. thepreppyprincess says

    October 17, 2008 at 2:32 pm

    What an outstanding quote. The Spousal Unit just weighed in when I read it aloud, saying, “That’s why he is who he is.”

    Thanks for posting the link to the article!
    🙂
    tp

  12. mymilkglassheart says

    October 17, 2008 at 2:53 pm

    I’ve been loving your economic commentary as of late. Buffett is such decent man. His interview on Charlie Rose recently was really honest and refreshing. A friend of mine just lost the retirement plan her father had set up for her a loooong time ago. He got scared and sold low. I feel sooo terrible for her! Ladies, watch your own money!

  13. KD says

    October 17, 2008 at 3:39 pm

    That’s a very good philosophy.

  14. Songy says

    October 18, 2008 at 4:00 am

    That’s a pretty good tip actually. 🙂

  15. Christina Lee says

    October 18, 2008 at 6:12 am

    Warren rules- I would like to read the new biography out on him. In it, he is quoted as saying “if a 3 yer old won’t eat it, I won’t eat it” and so he eats alot at Olive Garden-that was so surprising to hear.
    Yeah, sterling silver is down right now too-so yeah for my business too!

  16. Grant Miller says

    October 18, 2008 at 9:48 am

    My wife worships Mr. Buffett. I get the feeling she’d leave me in a heartbeat for him. I guess I would, too.

  17. Savvy Mode SG says

    October 18, 2008 at 12:00 pm

    agree with mr. buffet.

  18. Iheartfashion says

    October 20, 2008 at 10:06 am

    That was a great editorial from Mr. Buffett. I’m just starting the massive 900-something-page bio of him, Snowball.

  19. fashion herald says

    October 20, 2008 at 10:50 am

    smart advice, if i had an extra $$ around i’d be buying up some stocks.

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Award-winning designer of fine jewelry inspired by women's history and pop culture. A former journalist who writes about jewelry, fashion, medieval history, news, feminism, dogs, cats and whatever else is on her mind. Blogging since 2007.
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