The Joseph Cycle

Of late, I am taking extra time looking at the wisdom behind “patterns” and learned a great deal about it. By closely looking at the determinants, the actions and corresponding results, we can make decision ahead, implement the a course of action at the most appropriate time and expect amazing result(s).

On economics, there is this so called “joseph cycle”, patterned after the biblical character named Joseph who made ancient Egypt rich and powerful. After getting insight from God of a fourteen year cycle in two phases: seven year abundance or bull run and seven year famine or bear run, he implemented measure to save the most important commodity during the time of abundance, and acquire wealth during 7 year famine by disposing grain in exchange for the people’s asset . Modern economist are using this pattern to acquire wealth, in fact there was an article equating the success of Singapore to the Joseph cycle.

In this regard, how do we apply this in personal level?

In a nutshell, during good times, it’s not a time to spend, but a season of discipline and a time to save our earnings. Remember in good times, when there is plenty of cash to spend, prices are high. But in bad times, people are disposing their assets to be fluid, even at a bargain price. Thus, the best time to buy.

In this note, when it’s time to buy and invest, what are are the best buy for our hard earned cash, real estate is one, but a better alternative is GOLD.

Gold value has been regarded as hedge or safe haven from economic downturns. And the best way to invest is to purchase rare gold coins because the value is not placed on the content of metal, but on the the rarity of the coin. This is  gold money in real sense.

A word of caution though, better, select your service provider with an A+  rating from Better Business Bureau, if you are a resident of Canada or the US, or from your local authority to make the most out of your hard earned cash.