We Are Invisible

Why do we see all of this negativity about the growth of India, China and many other emerging economies? Why do we see the negativity about oil and so many other commodities? We see it because change is hard for many people to accept. Change is not comfortable, and change is often heralded by wrenching upheavals in people?s lives. We are a bit iconoclastic, and we like to point out change. Most people are more conforming in their outlook and they do not like to entertain too much deviation from the status quo. Today, the world is changing more and faster than ever in recorded history. This is due to technological, economic and social change which has led to political change. Clearly, this is not comfortable for most people. When people are not comfortable they deride the changes, they deride the agents of change and the investments which benefit from the change. As successful investors in these areas of opportunity, we can fiat currency expect more negativity, along with increased prices for energy, commodities, foreign currencies and foreign stocks. I think the old saying goes that new ideas are first ridiculed, then attacked and finally treated as if they had always been accepted by everyone. Guild Investment Management, Inc., is a registered investment advisor. All material presented herein is believed to be reliable. Investment recommendations and opinions expressed in these reports may change without prior notice. You can also read our past periodic market and economic commentary articles by going to the Commentary Archive on our web site www.guildinvestment.com. These articles are for informational purposes only and are not intended to be a solicitation, offering or recommendation of any security. Guild Investment Management does not represent that the securities, products, or services discussed in this web site are suitable or appropriate for all investors.