We believe that the estimates of analysts are totally undervalued in relation to its recent rise with an estimate of consensus of just $1,214 by the end of 2010.

The relationship between the dollar and gold has been broken and the current weakness in the global economic recovery is a predominant factor to the choice of a safe compared to the implied volatility in markets, which has soared to overcome the mark of 40 per cent.

Despite the commitment of 750,000 million Euros by the International Monetary Fund and the European Union and the attempts to bring calm, the debt of the Euro zone remains a contentious issue and its currency was bare to arise a division between the strong countries like Germany and France seeking strong adjustments and the weak, the PIGS and Italy.

Another factor to take into account is the rising inflation in China. The bubble in the property sector in that country becomes increasingly real after published an annual increase in their prices in 70 cities of 12.8 percent in April.

On the other hand, its level of inflation advanced to the roof of the last 18 months, rising 2.8% in April in the form. For now, there is threat inflation in the United States and Europe, although the gold will remain an option to protect the purchasing power of individuals to measure the economies will recover and begin at some point to put pressure on prices.

Last year, 41 percent of the demand for the metal was for purchases of jewelry and 44 percent for investment. The 6 percent of the purchases were made to close hedging and 9 per cent for use in the manufacture of products.

For 2009, the operations recorded an increase of more than 400% and otherwise occurred with the purchase of jewelry, as well as for other uses. It is evident that investors are those that are increasing the price of the metal.

On the side of the offer, 62 per cent of the offer came from the mine production last year while sales of the central banks and official bodies accounted for only 1 per cent. The 37 per cent, it was gold residual.

Meanwhile, the world production of metal increased in 2009, a 7 per cent, or 163 tonnes in the previous year until located in 2,572 tonnes. Thus, reversed the falls during the previous three years.

While the production of the Chinese mines grew by 11 percent of Indonesia did so in a 66 per cent, Russia 9 per cent and Mexico a 9 per cent. In the USA, in contrast, fell 6 percent in the form. Beijing continues to occupy the first place as the largest producer at global level followed by Australia, South Africa and the United States.

The largest holders of gold are the central banks, international agencies and governments that have approximately 29.787 tonnes or approximately 20.5 per cent of existing in the world. The uncertainty as to what is the currency more suitable as a reserve asset is generating that remains net buyers of the metal.

In the last 20 years, central banks were vendors, but since the last crisis, this trend was reversed because of economic uncertainty and the natural stability that presents these commodities. China has bought huge quantities and India purchased nearly half the amount that the IMF sold during the last year.

For this reason, we recommend that investors look also other metals. The most traditional is silver, which touched 19.82 dollars per tonne, also a historic peak. There are reasons to believe that the gold fever that is protagonist spread to the rest of the precious metals, some of them so-called “emerging”.

It is the “platinum group” (the platinum and palladium) that had until last year a use basically industrial (catalyst manufacturing of automobiles), by what is expected to increase the demand for rebuilding stocks.

Please note that the palladium has been ignored until now because it is much cheaper, or because it is more rare, but it is used for the same purposes that platinum in the automotive industry in the manufacture of catalysts, with a savings of 25 per cent in their use.

Think that companies can move from platinum palladium is reason enough to buy the metal, which is almost half the value it had in 2000, when have made a peak historic.

However the phrase popular “the future is already here” is absolutely certain, since it warns that the time elapses so fast that at the end of pronouncing a sentence, it is already part of the past. Never us too young to think and plan our future.

For this reason, it is necessary to plan the financial future from today. Some may wonder what happens if I am no longer so young, if I am already next to the withdrawal, or even since I retired, and not trace my financial plan of life. Do you in this case, no longer worth making a plan? The answer is: it is never too late to plan the future.

Think about the future can be a time stressful or distressing, since no one can predict exactly what is going to happen in any aspect of life. No one knows how many years live, and no one can have absolute certainty about where and with who move the following years of his life. However, the fear to reflect on these issues should not be a reason for round; on the contrary, it must be face to feel safer.

Savings, investment, planning

In order to plan our future, the first thing to do is a budget.

In it, we will make a catalog of our income (fixed and variable) and our expenses (fixed and variable). There we will observe what expenses are those who occupy the highest percentage of our salary or pension and decide what are so important. For example, if we realize that most of what we are winning is used to pay the mortgage of our housing or commercial, this will be a sign of balance, since in a few years finish to pay and we can rest of this expenditure, the time that have won stability and security. If, on the contrary, our higher spending is in things more superficial (depending on the discretion of each who), this will be a warning signal to put attention on how we spend our income.
Once we have either classified revenue and expenditure, can decide what cuts make to start saving. It is important save as much as possible, since the savings is a basic activity in order to finance sound in the present and future.

Save is good for two main reasons:
1) Allows us to have extra money in case of emergencies and
2) Gives us the possibility of invested for more dividends.

The next step, when we have generated a good savings, is to think in investment.
The investment is the mechanism that gives us the possibility of increasing the heritage. It is employing a sum of money, so that it will multiply.

There are many types of investments: there are those who invest in programs or schemes proposed by the banks and other financial institutions, other came directly to the stock market, there are those who chose to buy foreign currency or metals, some others buy land, buildings or durable goods, can also be launched an independent business, acquire a franchise, etcetera.

There is no investment ideal, the best investment for each person, will be the one that goes in accordance with their personal needs and family.

In what is the withdrawal, it is very important to bear in mind this stage of life at any time. It should be informed about the mechanisms, regardless of whether even do not possess a. It is advisable know what Manager of the fund for the withdrawal gives the best yields and becomes the lowest commissions.

It is also very useful to know about mortgage credits for workers. We must have the greatest possible information with regard to investment instruments and possibilities to maximize our heritage, as there is a range quite broad and while better informed we are able to take an appropriate decision.

Therefore, a good financial planning is one that includes a budget controlled and analyzed by their expenditures and income, the discipline in the savings and an investment plan appropriate to their expectations of risk. The goals for each of these factor the set depending on our dreams and goals.

The fact is that you not only has the basic capacity to manage your money (making decisions, establish priorities and employ some math skills simple), but must also take the initiative to do so. No one will do this for you (or, at least, not of free). In addition, the day tomorrow, somebody has to ensure that the money continues, and this should be you. Your financial future (i.e., its capacity to take decisions based on their financial resources) is in your hands. There will always be grounds for refusing to manage money, but never sufficient.

If you are concerned, do not know how to plan their finances, there are various tools in internet that you can search at Google, yahoo or bang. When you feel comfortable with the idea to take charge of their money, begin to realize the benefits that provides, including the ability to achieve goals personally important to you because it budgeted and saved for this. Money Management does not mean enslave on a computer, a calculator and a checkbook. Nor is a task magic, as it will be noticed. You can do so. In fact, take personal decisions on their own finance will allow you to use the money and expertise required to carry the life you want.

1.- Debt makes despise the money
To get something without the sweat of the front makes what values less (that is why many people who win the lottery squandering the money quickly).

2.- Debt is a solution short-term financial consequences with material and psychological long-term
The consequences of the debt are materials (interest) and psychological (concern, feeling of powerlessness if not can pay, insecurity in the event that appear unforeseen expenses).

3.- Debt becomes habit
The debt can even become a style of life through which people believe that live indebted is normal. Many they use little rational use of its credit cards to maintain your lifestyle.

4.- Debt leads inevitably to the financial stress
Simple and clear: The debts are stressful! You worry, you pressure because what you are to win, belongs to you, for a long time, to another person (the bank).

5.- Debt makes it difficult save
What is the main excuse for that people do not save? The debts. If they arise contingency: how to pay an unexpected spending? The answer is “with another new debt”.
Even with debts debés seek ways to save, in the same way that those who were trained in survival even with hunger trying to eat as little as possible so that the food they lasts.

6.- Debts you limit and condition mentally
Do you consider able to buy a car, starting a business or buy a housing spot? “Yes, but here a few years”. However many people cannot think get the foregoing without borrowing.
Life is easier to cope to save and then buy spot, that the borrow and end up paying years, the capital, the interests of the capital and other expenses.

7.- Debts you put in an inferior position
The that there is a debt by half makes the debtor feel that the creditor have some control or authority on, and in some situations makes the lender feel right to control in some way to its debtor.

It is clear that who saves because it can is a fortunate, gets a plus for quality of life and sense of security. But the savings alone is not enough. The smooth operation of the economy and its most important aspect, job creation and maintenance of existing posts, require savings transformed into investment.

The financial management is a process that involves revenues and expenditures attributable to the realization of rational management of the money in the office, and consequently the profitability (financial) generated by himself. This allows us to define the basic objective of the financial management from two elements. The generate resources or income (income generation) including the contributed by the partners. And secondly the efficiency and effectiveness (efforts and demands) in the control of the financial resources to obtain levels of acceptable and satisfactory in its management.

Small companies normally function without any explicit plan. But the businessman who is dedicated to design a financial plan (big or small, will be in great advantage over that which is carried away by the multiple factors of random that influence business: the boats rudderless generally end bogged.

The objectives also have different levels of priority and we could name, among others: the profitability (i.e. that is more convenient invest capital in the company that deposit in a bank), efficiency (performance of capital and labor), the growth in the time, reinvestment, etc. Each employer will have its own objectives and priorities; the important thing is to define explicitly what these are.

In a small company, where the employer makes the times of manager, his house the occupies as office, his car as a vehicle of the company, etc. is very important to consider that, although not cost money, all these things are not “free.” If they are not considered with their respective price the financial plan will be heavily distorted.

The basic elements of the financial plan for a small businessman are simple: sales, costs, expenses, gross profit, taxes and profits (or net profit). However are surprisingly few small entrepreneurs to set goals and control these variables regularly? It is a miracle that many small businesses not fail and still thrive in the middle of the most absolute lack of control and planning.

A small businessman traditional spend the money to measure that is going entering, either of its own capital, loans or sales, and only gives an account if the business and a right or wrong in the extent to which his remaining balance in favor in your checkbook in order to each month.

A good businessman by another party considers detail their costs and expenses, setting a salary even to their own work, from that estimated as must sell at least to cover their costs (and not to have to eat the capital), i.e. its “equilibrium point”. On the basis that may make its budget which then must go controlling monthly to know as the business? The majority of bankruptcies occur because an employer did not realize the bad is happening until it is too late.

There is a series of test to determine whether a business worth or not, if its indebtedness is or is not acceptable, if it is worth maintaining the volume of inventory, etc. It is “thermometers” that mark the good or bad health of the business. The reality is that the small entrepreneurs rarely case these indicators and many times decide to continue with businesses that are all kinds of alarm signals with the hope that things will get better in the future. It is not the most logical way to carry a company but if the more common, and many times is due to the factor of random inherent in the companies produce dramatic changes. This does not mean that planning is useless, on the contrary, but if you need to take into account that the numerical indicators are not infallible and it is not enough good planning to ensure the success of a company.

The money is a key resource of the company and must be well managed. While most small is the company more dangerous is the waste. And all the planning described above should serve as a basis for projecting the cash flow. The “cash flow” is the detail of the inflows and outflows of money out of business and every good businessman knows how important it is take controlled. Many leave this vital task to banks, be alone in the end of this month. Nothing more dangerous than this practice. Although the cash flow is difficult to project if it can control daily this will give the small businessman an important x-ray of the health of the business.

As we know that the corridors, there are 100 funds for the program with their own names private, as the “gain” Champ “Flex100 or”. Lenders until now relatively little more down to 620 with 100 and spoke of elevated to the financing to 100 LTV. Those who live by the sword perish by the sword is the medium that has created a panic several years ago that all benefited. Called the “Refinery Boom.” The media has created a real sense of urgency to refinance before it is too late. We now know that other sense of urgency in our industry, which is fed by the media. Unfortunately, does not help our business.

Now, the question important next step is not to continue to promote your business and get prospects as never before. If you listen to the media and his companions of the corridors, you can go in the apathy and fail to push. This is the worst thing you can do. In fact, I will stop to socialize and to talk to the corridors and real estate agents that are in constant negative. You need constantly talk to people, the distribution of maps, make calls, you need to do to maintain its current business. I must admit that was a victim of all the bad news and my vision stopped using the hat of my own business. I will not repeat the same!

The other point that will help you to remain in business for a long time to be alert for fraud. Be sure to check and verify all information on the application is correct. If the borrower opts for the use indicated, the revenue not audited collect their profession in line and be sure your income declared is reasonable for this occupation. On the other hand, I have my borrower’s sign a waiver that indicates that actually do what it says and which have revealed all of its debts.