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"You refer
to the Life Cycle of Money, what is the cycle and what are the seven
stages?" asks a valued Daily Dig reader.
"Why is the
discussion of money even important?" I am often asked. The answer is
simple. Many people aspire to create wealth from their labour, what they
often incorrectly define as "making
money" (1). I always like to point out that if someone hopes to make
money, they need first to understand what money is. And to know what money
is, we need to know its cycle.
The Life Cycle of
Money is a cycle that has played itself out repetitively through all of
history; through every civilization, society, economy, nation and empire.
It's a large cycle that takes, in many cases, many hundreds of years from
start to finish. It's larger than our own life's experiences or memory. And
that's the reason history is so important, because it is by looking at
history we are able to identify the way the cycle works, where we are in the
cycle, and where we are heading.
Correctly
interpreting the Life Cycle of Money becomes part of our wealth creation
foundation.
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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