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By
anybody’s standards Peter Daniels has a most amazing "rags to
riches" story.
At the
age of 26 Peter was an illiterate bricklayer, from a 3rd generation welfare
recipient family. Today he has involvement in business that spans the globe,
has chaired boards of directors, advised corporations and governments and
written several books.
When asked if there was one key factor that brought about this change, Peter
Daniels sites when he, and his wife Robina, attended a Billy Graham Crusade
and May 25th 1959; "I suddenly realized I was equal with all men before
God."
Peter
Daniels kindly made time for this interview in September 1999.
PHILIP:
There is many different ways that people can buy and own gold and silver; in
your opinion what are some of the different factors that people should
consider when purchasing precious metals?
PETER
DANIELS: Historically we need to remember when President Roosevelt
confiscated gold in 1933, there were essentially 2 types of gold he
didn’t touch; 1 was anything that was "ancient", and 2ndly,
anything of religious significance, we understand this still holds true in
any western democracy. For government to destroy (or confiscate) anything of
religious significance would require a change in constitutions on religious
freedoms.
That’s
where Australia Fair’s Inspirational Biblical Hero Medallions comes in.
In the last 18months we had a lot of people say, "hey this makes a lot
of sense". They have been buying this form of gold not just as a
heritage for their children’s children, but also as a protection
against what I believe will be the greatest financial collapse in the history
of mankind.
As we
saw in the documentary "Millennium Money", you don’t escape
Vietnam, Cambodia or Kosovo with paper money, you get out with gold. I think
we again need that kind of currency as a protection, and I have tried to
encourage people to do that wherever I have gone.
PHILIP:
What makes you say the Biblical Hero Medallions are unique?
PETER
DANIELS: 1stly they are not legal tender. If you hold a gold coin of any
country (inmost cases) you are only the bearer, not the owner. Because they
are such a small denomination, they are a much better and more tradable item.
You cant really do better than that anywhere in the world.
PHILIP:
If you had to name some simple rules for people’s own personal
economics what would they be?
PETER
DANIELS: Well I would suggest these five;
1) never let your financial future depend on a loan. Never put yourself in a
position where you HAVE to have a loan and everything collapses if you
don’t. You don’t have the right to do that to your family.
2)
never get involved in a commitment where debt can expand. For example leases
where they can change the rules, or banks where they can put up interest
rates. You need to have caps on loans.
3)
never enter into an agreement where you don’t have total control. You
must not be unequally yoked, you have got to have control.
4)
never allow reserves to become collateral. You should always have reserves.
One of the things I have done over the last 30 years is kept financial
reserves. When you have setbacks, which happen, you can fall back on you
reserves. Reserves shouldn’t be kept in the same bank, they should be
kept quite separate. You need to have 20% of your net worth in cash and gold
and silver.
5)
never allow easy access to your assets. You need to make sure you have your
assets protected against financial scalpers
PHILIP:
By applying these rules do you feel this would help our listeners prepare for
what you see coming?
PETER
DANIELS: That would be part of it but also people need to get out of debt.
For instance, if you have a huge home and you have debt on it, scale down,
get something that you can manage. If you are not already, start paying down
your debt, consolidate your debts, get them out of the way. There is nothing
that will hurt you as much as debt.
Its
amazing as I have been travelling to see how many people are taking this
quite seriously. The interesting thing is that these people are still giving,
still tithing, because they know Luke 6:38 to be true, "give and it will
be given to you." We should always give God the first fruits.
PHILIP:
You’ve said that we in the west are slow at times to react to change.
How aggressively should people be applying these principles that you have
spoken about?
PETER
DANIELS: We have been able to prove scientifically that successful people
make decisions quickly and change their mind rarely, while unsuccessful
people make decisions slowly and change their mind often.
If
someone knows that which we are talking about today is correct, then act upon
it – get something done about it ! Its up to the individual how far
they go on it, but every one needs to make some decisions.
Lets
look at a scenario that I don’t believe will happen. Lets say if, ten
years from now, every thing has turned around and looks rosy, and what we and
so many other commentators have predicted hasn’t happen, well what have
you lost? – absolutely nothing. But if it goes the way we are
suggesting, and you haven’t taken the precautions, then you and your
family are going to be in trouble.
PHILIP:
We have been saying the days ahead will be days of great opportunity for
those who have prepared.
PETER
DANIELS: I think that is always the case. People who have reserves and have
no debt, when we are coming out of this great trauma, they will be in the
most incredible position to do what ever they want, and maybe even setup
their family for many generations to come. With every adversary there is a
seed or equivalent to a greater benefit.
PHILP:
The world is changing now more rapidly than maybe any other time in all
history. How will this change process effect us in the next few years?
PETER
DANIELS: Change is and will always be part of human events, the one thing
that is constant is change. I think the changes in the future are going to be
major and to cope with that change you have got to create a mind-set where
you welcome change, because you know there will be more change after that.
Change is often painful.
I was
asked recently what is something that I have noticed over the last 5 years
around the world that was not there before? To answer, if there is anything 1
thing I have noticed it would be fear – fear of not being able to
handle change. This fear has been coming mainly from men in their 40s –
60s, they are frightened they will not be able to cope, they are frightened because
of change. To be able to handle change is a act of the will. I believe the
will is the integrity of the soul. It means you are going to have to
discipline your life more than ever before to be able to cope with this
change. Remember things change but principles never change, so stay with your
principles, your ethics and you will find that you will cope with change.
PHILIP:
Mr. Daniels, Thank you for your time today.
Philip Judge
Anglo
Far-East Company
Also
by Philip Judge
Philip Judge is the 3rd generation of a family that has had
substantial involvement in the Precious Metals markets. He has researched,
written and spoken on the gold, silver and commodities markets for over a
decade. Philip works in the marketing and operations department of The
Anglo Far-East Bullion Company, an internationally based Bullion Banking,
Investment Management and Financial Services Company
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