stockstradr: Financial Times seems to concur with your assessment as regards gold prices, and the potential for a steady upward climb over the next two to three years.

As far as Buffett goes: He is a Ben Graham guy all the way, and would push for value investing. The only problem with value investing at present is finding a “clean” set of books to look at, company-wise. To a certain extent, a lot of the companies being traded are “cooking” their books as regards accounting practices and how their respective balance sheets are being valued, both from the Asset and Liability side.

The FED/FOMC are completely helpless here, and the market’s continued tepid reaction to the rate cuts, as well as the severely restrained liquidity (reaction to the uncertainty as to whom is holding bad assets) is going to plague us for a while yet.