This New Year I believe will be one of reaping what one has sowed over the last several years. So if you have sowed well, nurtured and been patient expect good crops; if you have sowed complacency then that is what you will reap! There has already been various warnings of more austerity and the degrading of a top world country; which has been shocking for many but brings into realisation that 2012 is going to be the year of economic reckoning.
I have been writing this blog now for two years and so am very in-tuned with what is going on around me re. the global economy, which is simply a cleansing. Too much debt and greed has piled on the pounds – so to speak – on the economy – globally and nationally – and now it is time to shed the weight, realign and get healthy. Which is one of the reasons I appreciate the value of Gold; first of all it is one of the oldest currencies in the world, has always retained its value; and finally it is a thermometer to how sick the economy. As such, gold may continue to fluctuate due to market, but it will continue to rise because the sickness in the economy still has some way to go before it gets healthy again.
It is for this reason that this Saturday I am holding an event on Gold with some of the UK’s top Gold speakers, including Minesh Bhindi of Gold for Life and Dominic Frisby, Commodities Commentator for MoneyWeek.com. It will be opportunity for those who want to know more about gold, purchase gold and profit from gold to come along and ask any questions they have ever had to the panellist. It is going to be a great day of learning!
Prediction for 2012
Some people may feel my predictions are obvious but there is a saying which goes ‘to say you know but do nothing, is not to know’. So without further ado here are my predictions for 2012.
- The Euro in its current format will cease to exists
- UK economy will stagnate and there will be more big name high street closures
- Unemployment will increase simply because of the lack of movement in the economy, creating a rise in entrepreneurs aka solo-prenuers.
- The value of our fiat currencies will continue to decrease due to money printing and of course this will increases the cost of living.
- There will be a number of defaults in the property market, globally and nationally
- The UK GDP deficit will increase due to unemployment , thus less taxes coming in but more benefit payouts
- Precious metals will increase in value
- We are going to have a great Olympics!
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For the last two years I have made it my mission to become financially savvy, to create my own personal economy but more importantly to read, acknowledge and understand why we are going through the world’s biggest financial crisis, and subsequent the greatest wealth transfer ever seen in history. Will we survive it? Of course we will! But for some of us, we don’t want to just survive it but thrive in it because in every challenge there is an opportunity! It is for this reason why most millionaires are created during a recession. And a recession is definitely what we are in.
So to end, there is a Proverbs quote that sums up quite aptly three categories of people ‘Some people make things happen, some watch things happen, while others wonder what has happened.”
Which category are you?
Until next time, to your financial success and becoming financially savvy
