Archive for August 2019

Understand the Reasons for Investing In Gold

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According to most investors, they tend to purchase gold as a direct investment, as a haven or as a hedge. 

Of course, these reasons are the primary ones, and most researches state that the best way to protect you against a market crash is by owning physical commodities of this particular precious metal.

You should have in mind that you can find it in the form of coins, bars when it comes to physical commodity, or you can invest in virtual products based on ETFs that will help you along the way.

Therefore, before you make up your mind, you should research a few things such as how much you have to pay for 1 oz gold coins for sale as well as a historical perspective of its value so that you can determine whether it will be worthwhile or not.

We will help you understand these reasons by providing you thorough information on possibilities that you can make:

  1. Hedge Against Stock Market Crash

If you are new to the investment world, you should know that hedges are investments that will offset losses and provide you the ability to retain the value you gave at first. 

That is why most investors choose gold as the hedge against currency decline, usually the US dollar since it is a worldwide currency that we use for numerous things that surround us.

Since the currency tends to fluctuate based on numerous factors that create higher prices in general as well as higher inflation, that will lead to lowering the buying power of money that you have, which is why you should retain its value by purchasing gold instead.

For instance, the overall price of gold doubled in the period between 2002 and 2007, and it reached the amount of $835 per ounce. However, during that particular period, the value of the dollar fell against the euro for 40%, which was problematic for wealthy people.

During the financial crisis that happened in the world in 2009, investors wanted to find ways to protect themselves against dollar decline that was caused due to two crucial factors.

The first one was when the government launched a quantitative easing program in December 2008, in which they exchanged credit for the bank of Treasuries. 

They created this particular credit from thin air, and that caused concern that increased money supply will create inflation, which will deplete the value of the dollar and raise prices.

The second one was deficit spending that created a high debt-to-GDP ratio, and it reached the critical levels up to 77%, which was highly problematic. That also led to inflation because of the increase in the nation’s debt caused the dollar to decline. 

Fifteen days after the crash, gold prices started to increase, and that is when investors started panicking, they sold everything they had in stocks and bought gold as the best way to preserve wealth.

Even though gold prices lost value after that and rebounded the stock prices, investors moved their money into stocks and used lower prices as the way to gain profit. 

However, people who thought that gold was a sure thing, they have lost their money, since they did not reinvest back into stocks.

  1. Safe Haven

Creating a haven means that you will protect the investors against a potential catastrophe. That is the main reason why investors decided to buy it during the financial crisis. 

Have in mind that value rocketed after the eurozone crisis, and investors were also concerned when it comes to Dodd-Frank Wall Street Reform Act (check this link: https://en.wikipedia.org/wiki/Dodd%E2%80%93Frank_Wall_Street_Reform_and_Consumer_Protection_Act to learn more about it) and Obamacare. 

At the same time, some people thought that the USA economy would collapse, and as a result, the prices doubled again.

  1. Direct Investment

In case you wish to profit from increases that are happening due to numerous factors we’ve mentioned above, you can purchase gold as direct investment and take advantage of future increases that may occur.

Others tend to purchase it as a valuable substance that has exceptional durability, and numerous wealthy individuals hold it as a way of protection.

However, we recommend you to avoid buying gold alone as an investment since it can have low valleys and high peaks. Therefore, it is a highly risky chance for average investors, and in the long run, it will not beat inflation.

Paul McCarthy Cork Videos on Vimeo Business

Essential Tips for Creating a Small Business

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You probably understand people living in the world in which everyone wants to become his boss and become the next great thing.

The main problem is that people do not have proper understanding of the life of being a CEO, because it is not milk and honey and during the initial years, you will work much more than you would if you were employed by someone else.

Reaching success means that you will have to remain productive even when the worst things happen, and that may be problematic for people that quit as soon as something terrible happens.

Of course, being your boss comes with numerous advantages, but creating something from the very beginning requires breaking sweat much more than you did before. It will mean sleepless nights and fifteen hours of work so that you can get into a positive profit perspective.

Have in mind that more than 75% of startups fail during the first year, so the question is, what did they do wrong? You should visit Vimeo channel from McCarthy Paul in Cork, which will help you answer these questions.

At the same time, you have to understand that only a few types of people are ready for being entrepreneurs, and there is no problem in saying that you are not up to it based on your mental capabilities and nature of functioning.

If you want to run a successful business, you have to be able to take a role, to act in front of others, to be a natural-born leader and assume the leadership that will help you reaches a success.

If these things do not come naturally, you can learn them, but if you do not feel good about it, you should avoid it altogether. We decided to present you crucial points that will help you learn how to become a successful entrepreneur with ease:

  1. Take Chances And Be Ready To Fail

Business is not about safe space and comfort zone, because in most cases, you will need to push it to make it work. 

At the same time, failing at first does not mean that you will not get on your feet, because the facts are stating that it is a necessary step towards gaining more experience as CEO.

Therefore, you have to start thinking that failure is a common thing and normal situation within the business and that fear of failure will prevent you take chances and get more successful as time goes by.

Some risks can only seem like that from your perspective, which is why the worst thing that you should do is to avoid them because there are chances that you will fail. To learn what it takes to be chief executive officer, you should check here. 

Even though some of them will not succeed, and that is something you have to prepare yourself, some of them will and in the future, you will learn how to fill gaps you made by failing.

  1. Networking Is Vital
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Even though this term is widely used that it lost its meaning, the main idea is to meet numerous people from your and outside your industry because the more connections you have, the more you worth in the business world and that is a fact you have to remember.

Creating powerful allies within the business industry means that you can protect yourself and bring your business to a position that will require the service of some lawyer you meet.

You should make connections and always keep tabs on people that you met because that way, and you can make sure that you use their services when you’re in need. 

You should ask for advice as well as help them reach their conclusions, which will create a meaningful connection.

You should also keep in touch with them so that you can build your network because that way, your business will have a foundation, which will be much stronger than before. 

If you wish to network properly and efficiently, you should check out this guide: https://www.wikihow.com/Network-Effectively.

  1. Understand Your Industry Niche

Numerous startups have reached the points of success by identifying the exact niche that they wish to work with on the market.

Therefore, by implementing an appropriate service based on specific considerations, you will be able to reach the success that will make you stand out from your competitors.