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While traveling recently, Howard and I were asked to appear on a
nationwide breakfast show. "What is your economic message to our
nation?" asked our host.
Summarizing our broader outlook down to a short 5-minute television
interview is fairly simple; "we are living in a time of great economic
and social change, what may be one of the greatest economic changes in the
history of the world", I started. "We are a global village today;
what
happens in New York's markets today instantly affects the rest of the world.
We are so interconnected now; that what happens in London affects the lives
of people as far away as the outback of Australia and the subcontinent of
Africa."
"The natural reaction is to fear change" continued Howard,
"but in fact it's the opposite, with times of change comes great
opportunity, and the greater the change, the greater the opportunity for
profit and wealth creation."
We went on to explain some of the key catalysts to this coming change
including unsustainable consumer, corporate and government debt, dangerously
high structural supply deficits in several key commodity markets, rising
energy costs, overvalued asset markets and a total lack of
personal savings.
"There will be a change in the 'winners' and the 'losers'",
I summarized.
"Most that are winners in our current financial system will become
losers in the next. In the same way, there are those that might be viewed as
economic losers now, but are strategically positioned for these imminent
economic changes when they come. It is these rare people that will become
tomorrow's economic winners".
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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