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When I learn about risk management, I learned the term Near Loss Incident. Our people call it… just almost…
The point is that big problems started with series of small problems that over time gets bigger and then it peaks ----bang ---- everything is destroyed.
In the world financial market, that is what happened in the last few months. The world financial market has only reached the …just almost…collapse. But does it occur in our minds that the global financial system can really collapse ?.
What if something that happened in Indonesia year 1965 and 1998, or like Germany year 1923 or the Great Depression that started the fall of the US stock exchange in 29 October 1929 was repeated? What can we do?.
Besides this blog, it’s good if you read Mindset, a book by John Naisbitt, from the view of the western futurolog, - for him the currency of the future is real commodity that has intrinsic value. Meaning that if the world financial system collapse, what you need to hold at that time is something that does have value, not paper with given numbers but no value.
This does not have to be gold or Dinar, it can be mining products, agriculture products, animal husbandary, property or other real wealth. From all this, the most practical and easy to get at this moment is Gold Dinar.
Today and the days ahead, the gold price tends to decline, so is Dinar – hopefully; this is a great chance to buy an umbrella before a heavy rain that is almost unbearable like couple days ago.