These are times of great financial instability. Some financial gurus say investments in gold are the answer. Some say there will be continuing Euro meltdowns from Spain, Portugal, Italy and other countries, or that the US dollar is doomed. Some say the financial world is heading towards calamity. All of this is fear mongering.
One has to look at history. As far as recorded history exists, there have been great financial mistakes made by rich and poor alike, by conquered and by conquering empires. In every case, the world survives. Stock markets crash and the wise and experienced use these crashes to accumulate great wealth. Today, communications and trends travel the world in seconds, almost instantly.
The facts are simple. The size and number of people in the consuming public is expanding at a rapid rate. The middle class of the developing countries is now greater than similar numbers in the developed Western countries. All of these people must be fed at a higher standard than before. Must be transported by mechanized means rather than just walking. Must be clothed in better garments. That is what a rising economic class of people demand. So it has been throughout history. So it will always be.
Out of the devastation of Europe during the second world war, rapidly rose an economic powerhouse. Out of the poor economic policies of South American countries, there is now emerging financial powerhouses. Out of the lower class poverty of China, is now emerging a middle class that demands to be fed, housed, clothed and transported.
The answer to all of this is to realize that investing in commodities is the wisest course for investors. Commodities hold their value regardless of what individual currencies do. Commodities are always in demand to a greater or lesser degree, depending on economic demand. Guess what? Economic demand is growing, not diminishing. More later
By Larry Cyna
Mr. Cyna is an accomplished investor in the Canadian public markets for over 20 years, and has managed significant portfolios. He is a financing specialist for private and public companies, and has expertise in real estate and debt obligations. He has assisted private companies accessing the public markets, has been a founding director of public companies and continues as a strategic consultant to selected clientele.
He is and has been a director, a senior officer and on the Advisory Board of a number of TSX and TSXV public companies in the mining, resource, technology and telecommunications sectors, and the Founding Director of two CPC’s with qualifying transactions in mining and minerals. He was an honorary director of the Rotman School of Management MBA IMC program, has completed the Canadian Securities Institute Canadian Securities Course & Institute Conduct and Practices Handbook Course, was a former Manager under contract to an Investment Manager at BMO Nesbitt Burns, a roster mediator under the Ontario Mandatory Mediation Program, Toronto, a member of the Institute of Corporate Directors of Ontario, a member of the Upper Canada Dispute Resolution Group, and the Ontario Bar Association, Alternate Dispute Resolution section.
He obtained his designation as a Chartered Accountant in Ontario in 1971 and was the recipient of the Founder’s Prize for academic achievement together with a cash reward. He became a CPA in the State of Illinois, USA in 1999 under IQEX with a grade of 92%. He is a Member of the Institute of Chartered Accountants of Ontario and the Canadian Institute of Chartered Accountants.
He holds certificates in Advanced ADR & in Civil Justice in Ontario, Faculty of Law, University of Windsor, certificate in Dispute Resolution from the Ontario Institute of Chartered Accountants. Previous accomplishments are Manager of Cymor Risk Consultants LP specializing in Risk Management Assessment; CEO of Cyna & Associates specializing in mediation and ADR; Founder & Senior Partner of Cyna & Co, Chartered Accountants, a fully licensed and accredited public accountancy firm with international affiliations; and was a partner in a large public accountancy firm.
Mr. Cyna is well known in the Canadian Investing community. He is invited to, and attends presentations given by public companies usually 3 or 4 times each week. These presentations are intended by the various hosting companies to present their inside story to sophisticated parties and Investment Managers for the purpose of attracting funding, or of making parties more interested in acquiring shares of those companies. Being a part of this keeps Mr. Cyna deeply involved in the current market and leads to numerous investment opportunities.
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