Investing

4 Well Known Lawyers Worth Knowing About

If there were no bad people, there would be no good lawyers. -Charles Dickens 

Lawyers over the years have been given a bad rap as being ambulance chasing, greedy, money hungry snakes in the grass. And sure, there have no doubt been bad lawyers just has there have been bad doctors, bad presidents,  and bad baristas. But we shouldn’t let our perception of a certain profession, especially one that has been so critical to the advancement of civilizations, be muddled up and clouded due to a few bad apples.

The practice of law is an old profession, as you would assume, and some of the earliest people who could be considered ‘lawyers” were the orators of ancient Rome. A law that was put into place in 204 BC made it so Roman advocates were not allowed to collect “fees” for their services. However, this law was sidestepped and largely ignored. Eventually causing the law to be banned by Emperoro Claudius, which allowed Roman advocates (or lawyers) be a considered a profession in which they were finally allowed to collect fees for their service and openly practice.

Since then, countless lawyers have come and gone. Some good, others leaving much to be desired. Though of them all, a select few have changed the world we live in so dramatically that they will forever be remembered for their deeds. What follows here highlights 3 such lawyers, all of whom should be known by all.

Mohandas Karamchand Gandhi

Gandhi is well known as being a spiritual leader, but few know that he actually started out as a lawyer. His journey through law began in London in the late 1800’s where he studied and received his degree in law. Eventually he moved to South Africa to further pursue his career in law, but was immediately met with racial prejudice for being Indian.

His movement into civil rights started due to this, after being assaulted and beaten, he eventually realized that his initial goal would be to defend Indian immigrants.  He began by leading many movements, all of which were centered around being peaceful. He use what is known as Satyagraha, which is a philosophy that more can be accomplished through a resistance to evil with active, non-violent resistance. This philosophy inspired movements for civil rights and freedom all over the world.

He is credited for having liberated India from tyranny and restoring the countries independence. He was the leading cause for influencing and bringing to attention civil rights on a world-wide scale, as well as becoming the de facto spiritual leader for an entire generation. His accomplishments are so vast and considerable, that there is no confusion as to why his being a lawyer is often overshadowed. However, he was, and for that he should also be remembered.

Thurgood Marshall

In America, people are quite familiar with the actions of Martin Luther King Jr. and Malcolm X, both whom helped keep the civil rights movements in the States growing. But when it came it abolishing discriminatory laws against African Americans, Thurgood Marshal led the battle. People like Dr. King and Malcolm X tried to win the war in the streets and by growing the support of the people, while Marshall won the battles in the courtroom. Because of this, he is easily one of America’s most memorable lawyers.

Marshall received his degree in law from Howard University in 1933. He won his first Supreme Court Case at the age of 32 and in total, he had won 29 of his total of 32 cases he fought for before the Supereme Court. He also later went on to become the first African American Supreme Court Justice, a position he held for 25 years.

Nelson Mandela

For many, the name Nelson Mandela is familiar enough, but most would probably not know much more than that. Which is a shame, because he is an iconic figure who was not only a well known lawyer, but a Nobel Peace Prize winner, former President of South Africa, and leader for helping apartheid victims.

Like all other great men, he chose to make peaceful movements rather than use violence or aggression. By doing so, he lead a nation into democracy and encouraged freedom, even after being imprisoned himself for nearly his entire life. To have made such wide spread accomplishments, even after sitting behind bars for years, being the only African in his Law class, and having to redesign the way people think, is certainly worthy of being remembered as a great person.

Franz Kafka

When it comes to being great lawyers, the three above all made great strides for equality and civil rights. But not all great lawyers are fighting the same fight. Others fought against something more simple, such as the ignorance of man. Franz Kafka attempted to change our way of thinking, just as the others have, but not through so much action as a story.

Kafka was born in Prague, and is most known for his written works such as The Metamorphosis, The Trial, and The Castle. Most of his stories focus on people being thrown through a world that is filled with senseless bureaucracies and bureaucrats.  The best example being his tale Before The Law.

Kafka believed that law had no meaning outside its fact of being a pure force of domination and determination, and as a lawyer, he was tuned in and keenly aware of the political environment of his day. This helped his writings as his wit and creativeness were aptly used in conjunction to explain the fallacies of law and bureaucracy he found abound all around him. If you have yet to read any of his works, it well worth it.

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The author of this article is Damien S. Wilhelmi. If you enjoyed this piece you can follow me on Twitter @FacePalmLaw. The law can be a tricky course to navigate, which is why if you have been involved in an accident, it’s advised that you seek out a Colorado Truck Accident Attorney immediately.


Think Gold! Why It Isn’t Wrong To Be Thinking About Investing In Gold

Though the price of gold has corrected significantly in the last two years, the correction has provided a great buying opportunity for savvy investors. The gold bull market will likely continue for many more years given that the fundamentals for owning gold are stronger than ever.

Why Investors Should Think About Gold

In 2008, due to the collapse of the real estate market in the United States and Europe, there was a significant risk of a global deflationary depression similar to that of the Thirties, requiring the coordination of central banks to recapitalize the banks and keep interest rates artificially low to avert such an outcome. The Federal Reserve then began a massive bond-buying program known as quantitative easing (QE), causing its balance sheet and the monetary base to grow multiples in size. Currently, the Fed is buying $85 billion in mortgage and sovereign bonds monthly, and, even if the Fed tapers as it has suggested, the money supply will continue its parabolic growth. Other central banks, such as the European Central Bank, the Bank of England and the Bank of Japan, have engaged in similar programs of monetary easing.

Gold, a tangible form of money that is recognized universally, moves inversely in value to paper currencies that are debased through the current policies of monetary easing. The reason for gold’s inverse correlation to paper currencies is that the supply of gold increases modestly each year, by about one percent, whereas paper currencies can be inflated until they are rendered worthless. Gold is therefore a hedge to inflation, with a value that rises as paper currencies lose value. As a portable form of money with intrinsic value, gold can be stored outside of financial institutions, protecting investors from Cyprus-style bail-ins should the financial system collapse once again.

The Gold Outlook

Though some have argued that there will be a full economic recovery and interest rates will rise, which is supposedly bad for gold, the level of indebtedness in western countries and Japan means that rising interest rates may trigger sovereign debt defaults, as occurred in Greece and Cyprus. A spike in interest rates in the United States, which has a debt to GDP ratio of over 100 percent, will mean that a significantly larger percentage of tax revenues will go to just paying the interest on that debt. With annual deficits of about $1 trillion projected into the next few years and millions of Baby Boomers about to retire, the United States simply cannot afford a spike in interest rates. The debt levels in much of Europe and Japan are even worse, particularly with the social safety net and aging populations of these nations.

With unsustainable debt levels in western nations and Japan, central banks will likely resort to the path of least political resistance, which is to print money to pay off the debts. Since a real market no longer exists to offer credit to these nations, the central banks will be forced to continue buying the bonds issued by governments, in effect acting as an extension to these governments and buying their own debt. Though such programs may provide temporary stability to an economy, in the long run investors are likely to bet against the bonds and currencies of these nations, potentially causing debt defaults and collapsing currencies. At the very minimum, these nations will experience very high inflation due to vastly weakened currencies at some point, causing the gold price to reach new highs relative to these currencies.

Though some have declared the end of the gold bull market due to gold’s correction since reaching $1900 per ounce in 2011, the gargantuan debts of many industrialized nations and the policies of monetary easing in vogue among central banks mean that the price of gold may move multiples above its current price before the bull market is over. Investors should therefore think about allocating at least a small percentage of their assets into gold to hedge themselves from the systemic risks that remain in the financial system.

Tom has a passion for precious metals and stones. Tom also loves sculpture, sourcing his metal from companies such as Dynamic Metals. Toms favourite metal to work with includes titanium and steel.


Pros & Cons Of Investing In Gold

There has been a lot of noise in the news lately about investing in gold, but very few credible sources are giving an unbiased look at the topic. Sure, the low price per troy ounce now make the precious metal extremely attractive to new investors, but like any investment, there are pros and cons to buying gold. In this article we’ll try to go over some important elements:

The Pros

1. The value of gold has never reached zero. Over the one hundred and sixty years that the price of gold has been tracked in America (it has been tracked longer in other countries), the price for the commodity has never reached zero. This means that there has always been someone willing to pay something for the metal. In other words, no one has ever lost their entire initial capital investment by buying gold.

2. Unlike other investments, it is possible to hold gold forever. Throughout history, gold has been used as a common currency between nations. It is relatively easy to determine it’s quality, and it is next to impossible to completely destroy. Essentially, this means that the gold an investor purchases today has the potential to last for centuries. This makes it different from stocks and bonds that are tied to a company that could go bankrupt, government bonds that require a government to recognize their worth, or even other commodities that have the potential to spoil and become useless. Gold is an investment that can be passed to future generations without the worry that they will inherit something that is worthless.

3. Many analysts believe the price of gold will continue to rise. Many economists such as Peter Schiff have published and publicly stated that they believe the market conditions are in place for gold to continue to increase in value. While exact opinions vary, many of these economists cite the instability in many world governments as driving up demand, as well as the falling value of many currencies and a general trend away from investing in stocks and low-yielding CDs.   4. For those interested in investing for their future, it is now possible to buy gold as part of one’s retirement investment strategy. Opening a Gold IRA has become a good strategy to balance & diversify one’s overall IRA investment portfolio.

The Cons

1. Gold can lose value. While it has never actually reached zero as we mentioned before, there have been several times where it has come close. In 1999, for example, it hit a low point of $252.90 an ounce. When compared to the nearly $1600 an ounce that gold recently was valued at, it’s possible to see how an investor could lose a lot of money simply by buying and selling at the wrong time.    2. This investment has a lot of price fluctuations. While many world governments used to tie their currency to gold, this hasn’t been the case in the United States since 1975. Essentially, this commodity is left to rise and fall in the free market. Furthermore, there are only a few industrial uses for gold, and only ten percent of it is used by (and can therefore be influenced by) industries. The remaining ninety percent is divided between jewelry and investment. That means that there can be wild price swings in the price of gold that are not related to what is going on in the rest of the market. In fact, history shows that the price of gold reacts more to governmental conditions than it does to economic trends.
3. Many analysts believe the price of gold is about to fall. While there are a lot of economists who continue to state the price of gold will continue to rise, there are a growing number who believe that it is due for a crash or price correction. These economists cite the record high prices that gold is already selling for, the stabilization of major world economies, and the fact that many world governments are indicating that they will raise interest rates, essentially creating more stable opportunities for investors to earn a profit.

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Larry Banks is a retired weath advisor that has specialized in precious metals investing. He has helped hundreds of Americans make smart decisions by including gold & silver as part of their long-term investment strategy.


Why Forex has Become Popular in the Recent Times

Investment is a popular means of income supplementation, and the most popular of its forms today is the Forex trade or the currency market. As implicit in the name, the currency market deals with the exchange of currencies hence the name Forex (foreign exchange).

The Forex market witnesses a massive worldwide participation on a regular basis and registers a transaction of about $4 trillion daily.  Before going into the chief reasons accounting for the popularity of this form of investment, let us just gloss over what the trade entails.

Forex – A hybrid of the terms foreign exchange, this market entails trading in various foreign currencies. The norm is to purchase a prefixed set of currencies like the EURO and the USD, at a reasonable price, and sell them when their value peaks. The valuation of the currencies in the pair is done against each other, i.e. they’re compared with each other. After the comparison, whichever currency seems to be the dearer one is sold against the other thus, resulting in a profit.  Thus, the entire operation is quite simplistic once you get the hang of it. Also, another advantage here is that, there isn’t any hard and fast rule dictating which currency you should sell when. It is completely the trader’s decision.

Apart from the simple operation procedure there are also two other factors which greatly boost the popularity of Forex investment. These are as follows:

  • Accessibility- In the last couple of years, due to the all pervading nature of the Internet, everything has become available at the click of a button. Naturally, the currency market also falls within the ambit of the Internet’s prowess, and due to the merging between both, foreign exchange has become an open investment zone for anyone and everyone; all that is required is an internet connection and basic knowledge. Thus, once you get initiated in the process and become aware of what happens and how, you can participate directly, without depending on any broker or middle man. This cuts down on your expenditure (broker’s commission) and helps you to amass more profits. Further, as we all know that the currency of any nation depends on a large number of national and international factors, these same factors indicate how the currency trade is going to fare; thus, any participant of the forex market needs to keep herself updated on all such events and there is no more easily and widely available source of such news than the Internet. Hence, not only has the market and any information about it, become increasingly accessible to the participants in the last few years, but also this has eliminated the ability of any one party to monopolize the entire sector.
  • Leverage – This is one of the most attractive features of the currency trade. Leverage in the forex market allows the traders to invest much more cash than they actually have deposited in their accounts. Thus, enhancing their chances of making a sizable profit. This normally takes place according to a prefixed ratio for e.g. in US the leverage ratio is set at 50:1. This means that for every $1 deposited in your account you can invest up to $50 in the market. Therefore, when you make an informed and accurate decision, the chances of your making a profit will be increased 50 times more.

However, in order to shield yourself from possible losses (due to leverage which can be more than you can handle), it is advisable that in your initial days you seek the help of a professional. Click here for further information on the topic of forex.


Congratulations, You’ve Just Won A Million Dollars – Let’s Invest It!

‘Money for nothing’ is a phrase that many of us seldom get to experience in real life. We often read or hear about those lucky souls who scoop a massive lottery prize from a tiny initial investment. But how many of us have actually met these people in real life? Ironically, the members of the public who are fortunate enough to win these competitions seem to be slightly older than the rest of us. When we read the interviews from these winners, they often tell all and sundry that the winnings will not change them. They sometimes disappear off the map, but many of them make a few impulse purchases that rarely make any sense. Have you ever wondered how you would go about dealing with such an awesome windfall?

A Few Fun Suggestions

Crossroads: Invest or Spend

Just for arguments sake, let’s assume that you are single, have a decent job and live in rented accommodation with no debts to your name. You have just discovered that your winning ticket is worth the grand sum of $1,120,000.01! After picking yourself up off the floor, you pour a small drink and start to let the news sink in. Automatically you begin to think of those things that you always wanted, and still want. You ask yourself the question that many of us will be at this moment in time – ‘Is this enough money to live on for the rest of my life?’ The answer to this humdinger is down to you really. With a little luck, you can invest this sum in a high interest account that may yield enough annual interest to support you. But let’s get back to a few fun ideas before dealing with the more adult possibilities:

  • Car – You’ve always driven an old jalopy so why not upgrade to a new shiny new jalopy instead?  You decide to buy a brand new Jaguar XF, a classic yet modern car. It weighs in at just over $53,000 and is practical enough to transport your future family from A to B. You may still be single, but with this type of car, that will soon change!
  • Holiday – Take a quick round the world trip to see if your perspective changes at all. Allow $25,000 for this 6 month excursion, see the pyramids and swim with those darn dolphins as well.

Invest In Property

Okay, you are back from your travels and decide that property could be the way to go. It is a buyers’ market and you certainly have enough funds left over for a few purchases. Your current balance checks in at $1041900.01, sadly you forgot to shift the balance into a high interest account and negated the possibility of 6 months growth. You need somewhere to live also because when you set off on your trip, you forgot to pay your landlord up front. Your car was also impounded but you have just paid the $5,000 penalty fee and now you are cruising around looking for places to live.

 

After a few weeks you have decided on the following:

  • A smart 2 bedroom apartment in a new building. This one is for you and you splashed out a cool $375,000 for the privilege.
  • A detached four bedroom house in the suburbs. This is a new build and weighs in at $567,000. You can rent this place out and that will give you an income of $3,000 per month after all deductions.

Long Term Is Smart

Congratulations, you have had the trip and car of a lifetime, bought a lovely place to live, and have a sound investment that is providing you with spending money every month. With your remaining $94,901, you can stick it in a 5 year savings plan and think about selling your bricks and mortar investment for a profit in a few years. For now just sit tight and reminisce over those fantastic 6 months whilst looking for your new partner!

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Romeo Handley is an avid blogger. He says that stock trading software is really helpful in finding genuine investment options.


Greatest Property Investments In History

Property Investments

Property Investments In History

These days, nearly everyone feels the need to own a home–the bigger the better. We often feel a sense of satisfaction with owning our own plot of land. In spite of our feelings of accomplishment when purchasing property, any effort we make is dwarfed by the massive property purchases recorded in history. Today, a land purchase of a few acres seems like quite an investment. When we examine land deals from the days when entire continents were basically up for grabs, it is hard to imagine the scope of such purchases. Although there is the rare, occasional example of a massive private land purchase, deals made by governmental powers take the cake. Check out our list of some of history’s most impressive land deals below.

The Louisiana Purchase

Can you imagine purchasing over 800,000 acres of land? Why not try over 800,000 square miles. That amount of land is almost impossible to visualize. You could drive through Louisiana, Texas, Oklahoma, Kansas, Nebraska, South Dakota, and Montana and only cover part of it. In 1803, the United States government, under President Thomas Jefferson, acquired 828,000 square miles of land from France in the Louisiana Purchase. This deal was one of the greatest land investments in all of recorded history. It covers fifteen current U.S. states and includes a sizeable portion of the country’s geographical territory. The government got the land for quite a steal by forgiving some debt to the war-plagued French empire and paying about three cents per acre for the purchase.

The Alaska Purchase

Only a little over a hundred and fifty years ago, the United States yet again made one of the most impressive land purchases in human history. This time, the U.S. bartered with Russia in order to secure the land known today as the state of Alaska. If you have ever looked at a map and wondered how the U.S. ended up with a state so far to the north of its contiguous territories, you will be satisfied to learn that cost was a deciding factor. Led by Secretary of State William H. Seward, the government purchased the land from cash-strapped Russia. The buy soon became known as “Seward’s folly” in the U.S. senate, although the value of the territory was soon realized with a wealth of natural resources, including gold.

Rupert’s Land Act

In 1868, Great Britain moved authority of the area known as Rupert’s Land to the Dominion of Canada. Yet another mammoth governmental land deal, this one included the massive area covered by the Hudson Bay drainage basin. This original land in this deal icovered parts of  modern-day Saskatchewan, Manitoba, Alberta, Ontario, Quebec, Minnesota, North Dakota, Montana, and North Dakota. A purchase of territories and states of any size would rank as supreme in land purchase history, but we must keep in mind that these states and territories are especially large. This property formerly belonged to the Hudson Bay Company for over two centuries before it became a part of the largest land purchase in the history of Canada.

Guest post by contributing author Richard O., written on behalf of Environmental Data Resources.


10 Tips for Buying an Investment Property

Property investment can be a really fun thing to do if you do it right. Try being resourceful, look for tips and tricks, look the facts up and make confident and educated decisions. Here are some of the best tips considering the acquirement of an investment property.

Location

This is always a huge deal. It’s even more important than the quality of the very building, and it comes very logical when you think of it. You can easily repair a damaged and old house, but a street’s or neighborhood’s reputation is next to impossible to correct. So even if it looks weird at first glance, take special care about the location of the property you are buying. A good street is certainly going to attract good tenants, and also, there is less chance of being seriously affected by property slumps.

Do not over-renovate

Although a fountain in the back yard or a nice gazebo next to it sound and look really nice, these expensive extras can really tighten your budget, and that is the money which you cannot and, most probably, will not ever get back. Go for a simple neutral colored paint, maybe some new carpets or drapes, and keep your renovation fees to a minimum, but still adding a certain amount of the ‘wow’ effect to your new acquisition. For example, try to avoid buying a complete new set of furniture for the bedroom if you can do with just re-painting the old bed and dressers, and maybe changing the handles on the dressers.

Avoid Flipping

To move away from risk, and knowing the today’s market, aim to buy and hold onto your property. 5 years is a nice period of time to do so. This minimizes the risk, and maximizes the return. If you start with buying and selling constantly, you will not only lose money on the very trades, but also lose a huge amount of time (which equals money, right?) moving your stuff from place to place, when you sell them.

Aim for the long term

Long term investments are less risky, and they require way less effort. They can make a nice addition to your current income, and they present a great option for small investors. Also, having time on your hands to lay low during the market lows can protect you from severe losses.

Have cash available

Aside from renovations, there is always need for some additional cash, for example, most lenders will require a 20% deposit on a property. So, a kind of emergency fund for such occasions is a plus to have, if not even a necessity.

Calculate the real cost of ownership

This involves everything from the very price, to mortgage rates, utilities, maintenance, repairs and any other emergency that may pop up while you own and manage a property. The only way to keep things in check is to keep track of every single dollar spent on the property so that you can accurately circle out the final cost of everything that needed to be done.

See the property for what it CAN be

Judging the property by its current state is a common mistake made by new, “green” investors. If you use just a tiny bit of imagination you can do all the renovations and adaptations in your head and imagine what can come out of this ragged old shack you are looking at. Just be careful with the extent of renovations planned, they can mess with your profit.

Hire quality workers

With the rise of the countries in transition, like Eastern Europe, of parts of Africa, comes the serious affordability of actually well-trained workers, who are dying to work abroad. Of course, finding out what stuff you can do yourself, but leave the tricky things to the professionals.

Know your rights as a landlord

Learn everything you need to know about your legal rights and obligations as a landlord. Not knowing these may prove costly in the future.

Enjoy the benefits of your investment

After all of the renovations and consultancies, it is now time to enjoy your investment. Having regular tenants gives you a stable monthly income and, also, a sense of security a human being needs to feel happy. In the end, learn from every investment you make, and soon you’ll be a property investment mogul. Well, maybe not, but you’ll surely enjoy a life with regular monthly income, almost without lifting a finger.

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Damian Wolf has been a blogger and an online marketing pro since 2009. Currently, he works on http://www.simplehomeinvest.com.au project. Damian loves to meet new people and discover efficient ways to achieve business goals of business clients.


Investment Ideas for Families

Investment Ideas for Families

popular investment Investments are an important part of any family’s financial health. They help give you the security of knowing you have something to fall back on. And they can teach you and your children how the financial world works. Even if you’re a low-income family, you can still find investment options that work for you and your children.

Savings Accounts

This is one of the most popular investment options. Anyone in the family can open a savings account, even newborn children.

Savings accounts have many different interest rates. For children, the interest rate may be fairly low, perhaps 0-2%. But if you’re only teaching your children the importance of opening an account and saving money, then the low percentage shouldn’t matter.

Savings accounts with higher interest rates usually come with fees. But they can be waived if you maintain the minimum balance.

Investment Retirement Accounts

These type of accounts are also known as IRAs. The money in an IRA can grow without being taxed. Sometimes the taxes are deferred; other times the account is completely tax free.

There are several different types of IRAs, but the two most popular choices are Traditional and Roth. A Roth IRA is a retirement planning account that is tax-free as long as some conditions are met. A Traditional IRA doesn’t need a minimum yearly income amount to make a contribution. However, the money will be taxed once it is withdrawn from the account.

Both Traditional and Roth IRAs can be opened for minors. Although they cannot legally sign binding contracts, at certain financial institutions parents are allowed to sign for them in their stead. It might be helpful to seek from professional advice in this issue, and authorities like Mr. Brian Prince can help you with any investment or banking questions you may have.

How to Find Family Friendly Banks

Just like you would shop around for the best rates on anything you would plan to purchase, you need to shop around for banks. Try not to go with a bank that offers complicated financial investments to their customers. A bank that only does a few things, such as loans or mortgages, can focus better on customer service and on your needs.

Look for a bank that doesn’t have too many add-ons with your account, like extra fees for insurance. A bank that has reasonable or no fees should be your first choice. Remember that you’re making an investment. You don’t want to pay more in fees than you would get back in annual interest. You’ll actually be losing money instead of making it.

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Things to Know About Solid Investments

Things to Know About Solid Investments

Over the years, America has done away with debtors prison. People who are in extreme amounts of debt, however, have replaced a physical prison with one in their minds. Anyone who is experiencing troubles with debt understands how difficult it is to have obligations they cannot meet.

Debt can hamstring you in several different ways. Regardless of how much debt you’re dealing with, however, it shouldn’t keep you from solid investments. These investments can help you make better use of your money and help you get out of debt as well.

Precious Metals

There is a lot of talk about gold and other precious metals as beneficial investments. For years, the cost of gold has been on the rise. Gold is a valuable commodity and silver, because of its increasing demand and its dwindling stockpiles, is ready to break out as a valuable investment to make as well.

Real Estate Investments

Whether you’re planning for a long-term or short-term investment, real estate is an excellent option to consider. The beauty of investing in real estate is it doesn’t have to be a significant investment in order to pay off.

In some cases, purchasing a distressed home at a rock-bottom price, putting some money into that home and renting that home out can offer you an immediate influx of necessary cash. You can use this to build your wealth get out of debt, or both.

Solid Companies

There are many opportunities for solid investments when it comes company stock. There is, however, a certain amount of risk involved with investing in stock as an increase in your investment is determined by the financial well-being of the company.

If you’re looking for a solid investment for long-term and short-term benefits, however, a long-standing company with a good financial foundation is important. As is choosing a company that provides products or services that people want and/or need.

These are just a few options you can take. The great thing about many of these options is that they can provide for long-term wealth building or they could be used to bring in immediate revenue here today. If you’re in debt, whether you want to get out of debt or plan for a better financial future, there’s no reason why debt should hold you back from being proactive in wealth building today.


Keeping Gold Industry Standards High

Keeping Gold Industry Standards High

Gold, a beautiful precious metal adorned by many has been a symbolism of love and power throughout the ages.  Civilizations have been built because of it and wars fought over it.  As it was then and still today, gold has an impact on societies and individuals alike.

There are 100 million people worldwide relying on the industry for a living, jobs ranging from the miner to the jeweler.  The mining industry is a positive force for those people involved in it, but it has not been without concerns and problems.

There are a number of organizations, such as the World Gold Council (WGC) and the Organization for Economic Co-operation and Development (OECD) working together setting guidelines, standards, and responsible mining practices for the industry.  All the organizations work together assuring that the gold products you have, use, sell, and enjoy are not at the expense of the people and the communities involved in the industry.  

Society

Gold has influenced societies since it was first discovered 4000 thousand years ago.  It has always been a symbol of wealth; civilizations have been built because of its perceived wealth and beauty.  Even today, the gold industry has a positive impact on communities and its people.  Communities grow; living standards improve.  Gold mines provide steady employment and high incomes. 

Environment

Gold mining affects the environment and not necessarily for the better.  Policies pertaining to hazardous materials, waste and chemicals, and water conservation have been orchestrated or are in the process to improve the residual affect of the industry by the WGC and other organizations.

Health and Education

More times than not, gold mines are in developing and impoverished countries.  The WGC and mining companies have been working to improve standards.  General education is a more common practice now and there are health care initiatives in place to help workers and their families.  This has come about because of the social responsibility programs in place.

Roads

Mines are usually located in remote areas.  Accesses to the mines come by way of poor roads.  Large-scale mining companies often put money and effort into upgrading the regions transport infrastructure benefiting the company, its workers, and the community.

Utilities

Mines need constant water and power to operate.  This necessity is often lacking or is inferior.  Mining companies build or upgrade utilities in order to undertake their operation.  By doing so, everyone benefits with clean, fresh water, the workers and the surrounding areas.

Conflict-free gold

Gold, being associated with wealth and power will often bring out the worst in mankind.  The industry is aware of forced labor and extreme violence that has taken place.  In trying to improve conditions, the WGC along with other organizations and companies, have initiatives in place to free the industry from armed groups reaping financially from conflicts.

The gold mining and refining industry has a positive and economic impact on the miners, their families, and their communities.  Watchdog organizations improve and keep standards high in the industry.  Policies, standards, and initiatives are in place so you, the consumer, can buy gold with confidence that conditions for everyone involved is humane.

Karla Brown is a writer from Los Angeles, CA. If you are looking to invest in gold, consult experts to help you on your way, like from Scottsdale Bullion and Coin, which will guide you in the investing process.


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