Knowledge Vs Money

Knowledge is the new wealth.

Over the weekend, I watch the show, Social Network, a story about Mark Zuckerberg(founder of Facebook), just in case some of you doesn't know.

You don't need money to make money.

Anybody who tells you that you need to have money in your bank account before you can start a business is depriving you of your rights.

A characteristic of an entrepeneur is raising capital through sales and selling the futures(Vision) of the company/products/services to potential investors.

Although it would have been easier if you have money in your bank account to start the business.

But, you don't need money to own your own business.

Its quite an interesting month this october, with the currency "war" going on, silver outperforming gold, launch of the 2 big IPOs in singapore & Merger of SGX & ASX.

It's an exciting time for many of us.

However, it's not good enough to just get excited over all these things and watch the trend.

Cause when there are so many events going on, there's always winners and losers.
As the currency "war" is going on, who will prevails and who will lose.

And as individual, how do you guys actually safeguard yourself?

You might ask, how does it affects me, i'm too small an individual to be affect by the big nations currency war that is going on.

Yes, i'm telling you, it's going affect you to a certain degree.

Why is US pressing the Chinese to revaluate their currency ?
Why is it that the US dollar weakens again ?

The chinese keeps their dollars low and US is weakening their dollars as well because that will help to fuel growth.

Yes, you might think it's impossible but that's how they are doing it.

By having a weak dollar, export become more affordable for your neighbours and they are more likely to buy more.

It like GREAT SINGAPORE SALES!
But thankfully, Singapore dollars is still strong.
But then if singapore dollar were to be weaken, which I don't think so, it means that your paycheque and your savings in your bank is going to be weaken as well. Something to watch out for.

And ever since silver outperform gold, is silver still a good buy ?

Or is commodities still a good buy ?

I always believe that Gold and Silver never actual appreciate or depreciate.
It's is just Gold and Silver, the reason of the price changes in Gold & Silver is because of a few factors, inflations, interests rate, and the purchasing power of our dollars, supply and demand, period.
So when you hear people says that Gold helps to hedge against inflation is true, because Gold always is worth it's value, and it never changes in value. The reason you see changes in it's prices, it not actually Gold prices changes, it the economy is changing.

So as many of you can see, having money doesn't help makes you more money, although it might come in handy compared to if you have none.

But knowledge of money and how it is changing will put you in a position to profit from these changes that are taking place around us right now!

Happy Profiting!