A Quote by Warren Buffett

What motivates most gold purchasers is their belief that the ranks of the fearful will grow. During the past decade that belief has proved correct. Beyond that, the rising price has on its own generated additional buying enthusiasm, attracting purchasers who see the rise as validating an investment thesis. As 'bandwagon' investors join any party, they create their own truth - for a while.

Warren Buffett

Quote Topics

Additional Any Bandwagon Belief Beyond Buying Correct Create Decade Enthusiasm Fearful Gold Grow Investment Investors Join Most Motivates Own Party Past Price Proved Purchasers Ranks Rise Rising See Thesis Truth While Will

Quote Author

Warren Buffett
American - Businessman
Born: August 30, 1930

What motivates most gold purchasers is their belief that the ranks of the fearful will grow ... As 'bandwagon' investors join any party, they create their own truth - for a while.

Warren Buffett

Belief comes spontaneously as well as by effort. Belief is power. An insincere and uninspired seeker is aware of the truth that belief is power, but he cannot go beyond understanding or awareness; whereas a sincere, genuine, devoted and surrendered seeker knows that belief is dynamic power, and he has this power as his very own.

Sri Chinmoy

A man must be himself convinced if he is to convince others. The prophet must be his own disciple, or he will make none. Enthusiasm is contagious: belief creates belief.

George Henry Lewes

The man who has a certain religious belief and fears to discuss it, lest it may be proved wrong, is not loyal to his belief, he has but a coward's faithfulness to his prejudices. If he were a lover of truth, he would be willing at any moment to surrender his belief for a higher, better, and truer faith.

William George Jordan

The major asset in this category is gold, currently a huge favorite of investors who fear almost all other assets, especially paper money (of whose value, as noted, they are right to be fearful). Gold, however, has two significant shortcomings, being neither of much use nor procreative. True, gold has some industrial and decorative utility, but the demand for these purposes is both limited and incapable of soaking up new production. Meanwhile, if you own one ounce of gold for an eternity, you will still own one ounce at its end.

Warren Buffett

My own belief is that the way we grow the economy, create jobs, create wealth is in the private sector. The government doesn't do that.

Dick Cheney

The basis of bureaucratic rule is the poverty of society in objects of consumption, with the resulting struggle of each against all. When there is enough goods in a store, the purchasers can come whenever they want to. When there is little goods, the purchasers are compelled to stand in line. When the lines are very long, it is necessary to appoint a policeman to keep order. Such is the starting point of the power of the Soviet bureaucracy. It "knows" who is to get something and who has to wait.

Leon Trotsky

We looked into the abyss if the gold price rose further. A further rise would have taken down one or several trading houses, which might have taken down all the rest in their wake. Therefore at any price, at any cost, the central banks had to quell the gold price, manage it. It was very difficult to get the gold price under control but we have now succeeded. The US Fed was very active in getting the gold price down. So was the U.K.

Eddie George

If you expect to be a net saver during the next 5 years, should you hope for a higher or lower stock market during that period? Many investors get this one wrong. Even though they are going to be net buyers of stocks for many years to come, they are elated when stock prices rise and depressed when they fall. This reaction makes no sense. Only those who will be sellers of equities in the near future should be happy at seeing stocks rise. Prospective purchasers should much prefer sinking prices.

Warren Buffett

A belief is only a thought that you keep thinking. So as you keep thinking this thought, you keep vibrationally attracting relative to that thought. So you confirm your own beliefs again and again and again and again and again. That's why someone who believes in cancer can confirm that belief, or someone who believes in robbery can confirm that belief. So everything is a sort of confirmation of belief.

Esther Hicks

Only those who will be sellers of equities in the near future should be happy at seeing stocks rise. Prospective purchasers should much prefer sinking prices.

Warren Buffett

No one can control his own opinion or his own belief. My belief was forced upon me by my surroundings. I am the product of all circumstances that have in any way touched me.

Robert Green Ingersoll

What an economy really wants, after all, is not more investment per se but better investment. It wants capital to flow to companies that will create value - not in the form of a rising stock price but in the form of more goods for less cost, more jobs, and rising wages - by enhancing productivity.

James Surowiecki

Its very important to me to be respected by true talented artists and great minds than by the masses who need to be told how to think. Its more important for me to do things that are spiritually rewarding because that wealth is what makes me feel alive. I do not touch projects that do not yield personal fulfillment, or put me in a field with talent that is over-measured. You wont find me where there is no Truth. And Im not one to jump on any bandwagons or join a gold rush without a purpose. Id rather create my own projects and grow my own fields.