The Two Choices We Face

The Two Choices We Face 

 

Each of us has two distinct choices to make about what we will do with our lives. The first choice we can make is to be less than we have the capacity to be. To earn less. To have less. To read less and think less. To try less and discipline ourselves less. These are the choices that lead to an empty life. These are the choices that, once made, lead to a life of constant apprehension instead of a life of wondrous anticipation. And the second choice? To do it all! To become all that we can possibly be. To read every book that we possibly can. To earn as much as we possibly can. To give and share as much as we possibly can. To strive and produce and accomplish as much as we possibly can. All of us have the choice. To do or not to do. To be or not to be. To be all or to be less or to be nothing at all. Like the tree, it would be a worthy challenge for us all to stretch upward and outward to the full measure of our capabilities. Why not do all that we can, every moment that we can, the best that we can, for as long as we can? Our ultimate life objective should be to create as much as our talent and ability and desire will permit. To settle for doing less than we could do is to fail in this worthiest of undertakings. Results are the best measurement of human progress. Not conversation. Not explanation. Not justification. Results! And if our results are less than our potential suggests that they should be, then we must strive to become more today than we were the day before. The greatest rewards are always reserved for those who bring great value to themselves and the world around them as a result of who and what they have become.

Super-rich investors buy gold by tonne

The world's wealthiest people have responded to economic worries by buying gold by the bar -- and sometimes by the tonne -- and by moving assets out of the financial system, bankers catering to the very rich said on Monday.

Fears of a double-dip downturn have boosted the appetite for physical bullion as well as for mining company shares and exchange-traded funds, UBS executive Josef Stadler told the Reuters Global Private Banking Summit. "They don't only buy ETFs or futures; they buy physical gold," said Stadler, who runs the Swiss bank's services for clients with assets of at least $50 million to invest.

UBS is recommending top-tier clients hold 7-10 percent of their assets in precious metals like gold, which is on course for its tenth consecutive yearly gain and traded at around $1,314.50 an ounce on Monday, near the record level reached last week. "We had a clear example of a couple buying over a tonne of gold ... and carrying it to another place," Stadler said. At today's prices, that shipment would be worth about $42 million.

Julius Baer's chief investment officer for Asia is also recommending that wealthy investors park some of their assets in gold as a defensive stance following a string of lackluster U.S. data and amid concerns about currency weakness. "I see gold as an insurance," Van Anantha-Nageswaran said. "I recommend 10 percent as minimum in portfolios and anything more than that to be used for trading purposes, to respond to short-term over-bought or over-sold signals."

Ultimate Bubble?

Billionaire financier George Soros, echoing comments from investment guru Warren Buffett, last month described gold as the "ultimate bubble" because it is costly to dig up and has no real value except its market price. But a rising price for the precious metal has in itself generated more and more demand from investors looking for a way to hedge against a fresh recession. Gold bears no yield and is uncompetitive in an environment of rising interest rates.

The uneasy outlook for inflation, hard currencies and global growth has triggered a five-fold increase in a physical gold fund launched by Pictet one year ago, the Swiss private bank said.  UBS's Stadler said the precious metal has become a staple of investors' portfolios, despite questions about whether it makes for a smart long-term investment. "If you talk to ultra-high net worth individuals, that level of uncertainty has never been higher in the last two, three, four years," he said. "If they ask me, 'Is inflation going up or are we entering a deflationary cycle?,' I don't know. But obviously nobody knows."

Anthony DeChellis, managing director of Credit Suisse's Americas private banking unit, said at the Reuters summit in New York that clients are more interested in capitalizing on the rise in gold prices than using the precious metal as a safe-harbor investment. "They're asking, 'If it's a bubble, how far can I ride that bubble,'" he said. "I cannot say we've seen a spike in gold interest, but there's an interest in the phenomenon of it."

Samir Raslan, Citigroup Inc's regional head for central, eastern and northern Europe, Africa and Turkey, said clients were not going overboard on gold. "I wouldn't say that clients are over-investing. It's part of an asset allocation, but it's not something that they are deciding all of a sudden," he said. And not all bankers are recommending exposure to gold. Andreas Wolfer, head of private banking at UniCredit Group, attributed the run-up in the price of gold to frayed investor nerves after the 2008 financial crisis as well as concerns about sovereign debt in the euro zone.

"We have seen it but we have not overweighted it in our asset allocation," Wolfer told the Reuters summit in Geneva, which has emerged as a major trading hub for precious metals as well as other physical commodities. "We strongly believe in an asset allocation having a clear and diversified portfolio, which sounds a bit boring but in the end it brings the best returns," Wolfer said.

SOCH VICHAR: How can we be happy even as evil minds try their b...

SOCH VICHAR: How can we be happy even as evil minds try their b...: "When the good are happy and living in peace, the bad cannot tolerate it; they develop intense headache! Unless the wicked contemplate on the..."

How can we be happy even as evil minds try their best to disrupt our peace?

When the good are happy and living in peace, the bad cannot tolerate it; they develop intense headache! Unless the wicked contemplate on the loss and hardships that the good undergo, they are never happy! The problems suffered by the good is the gain of evil minds. The sweetness of the cuckoo is bitter to the ear of the crow. The Kauravas tried their best to create dissension among the Pandava brothers and spread heinous scandals. But the five Pandavas respected Truth and abided by it, and so, nothing could separate them. No event could make a dent on the happiness of the five brothers. 

SOCH VICHAR: SOCH VICHAR: Why should we see the Divine at all c...

SOCH VICHAR: SOCH VICHAR: Why should we see the Divine at all c...: "SOCH VICHAR: Why should we see the Divine at all circumstances,...: 'The apparently moving (chara) and unmoving (achara), the active and ine..."

SOCH VICHAR: SOCH VICHAR: Why should we see the Divine at all c...

SOCH VICHAR: SOCH VICHAR: Why should we see the Divine at all c...: "SOCH VICHAR: Why should we see the Divine at all circumstances,...: 'The apparently moving (chara) and unmoving (achara), the active and ine..."

What is the need to pray?

The blind cannot be saved by one who has no eyes; the destitute cannot be helped by the impoverished. How can a person who is needy and helpless remove the poverty, suffering, and pain of another? The poor must approach the affluent, the wealthy. The blind must seek the guidance of a person who can see. One who is bound and blinded by the dualities of creation has to take refuge in the inexhaustible treasure of compassion, power, and wisdom, namely, the Divine Atma. Then, one can get rid of the destitution of grief, revel in the wealth of spiritual bliss, and attain the goal of human existence. This consummation is won through the Grace of the Lord.