News

img

23

Oct

Gold is the first metal

Many theories which are supported by certain finds and facts suggest that most likely gold was the first metal to which the attention of ancient people was drawn. Gold nuggets and sand found in the soil and rivers undoubtedly attracted ancient hominids with their amazing beauty, affordable malleability and strength. When the development of mankind had already passed through the Paleolithic, Mesolithic and Neolithic eras, and people began to organize into communities while building up their own, though still scattered civilizations, gold acquired its sacred value. Initially, it was used as a material for expensive and important amulets, but a little later production of gold deity figurines which were worshiped had begun. Lacking the opportunity to know how rare of a metal gold was as well as to realize what its other amazing properties are, the ancestors of modern humans treated gold as if they felt the value of this material. When the first Indian, Sumerian and Egyptian civilizations appeared (3000-2000 BC), gold having retained its mystical function and sacred meaning, was already defined as a symbol of prosperity allowing one to enjoy a special social status, and the name “the royal metal" then became the second name for gold. In his famous poems The Iliad and The Odyssey Homer (c. 1000 BC) mentions gold as an indisputable sign of wealth among mortals and of true greatness among the immortal gods. Ancient chronicles disagree when attributing the discovery of gold to either a Phoenician named Cadmus or the King Toas of the Tauris who found gold on Mount Pangea in Thrace. "The Alexandrian Chronicles" (628 AD) "assure" that gold was shown to people by none other than the Roman god Mercury. In fact, the moment of the discovery of the metal which is known to us as gold has been lost deep in the past, however, the fact that there were attempts to tell us - distant descendants about this event explains that the people of from eras in one way or another perceived the discovery of gold as some kind of a key event. In those days, gold was mined mainly in river placers, but the rulers of countries such as ancient Egypt and India could afford fairly large-scale mining operations on gold deposits for those times. The percentage of gold in the ore did not particularly bother anyone because due to the labor of captives, slaves and those who broke the law such mining operations were "cheap."

img

21

Oct

Golden Countries

The United States of America does not simply own the “world currency”. The US dollar is popular and valued all over the world, because it is, among other things, backed up by the country's gold reserves. Americans have accumulated the most gold and built their financial security on it. 
According to the International Monetary Fund, as of May 2020 the reserves of gold in the central banks around the world are totaling up to 34859.33 tons out of which in the European countries that amount is 10776.1 tons equaling to 58.7% of their gold and foreign currency reserves. For many years, the USA has been the leader in the volumes of gold reserves, which has saved no less than 8133.5 tons in its world-famous depository in Fort Knox alone. That accounts for 78.3 percent of the country's total gold and foreign currency reserves. 
Germany is also not lagging behind and is building its security on the precious metal. Thus, the Treasury of the Bundesbank has 3364.2 tons of gold in its reserves. That is 74.3% of the entire gold and foreign currency reserves of the country. Almost 70% of Italy’s reserves are also based on gold, of which the country has accumulated 2,451.8 tons. The French treasury holds 2,436 tons of gold (63.4 percent of all state reserves). Russia is another member of the top five with 2,299.2 tons of gold reserves which take up 21.1% of its total reserves). 
The top ten countries with impressive gold reserves also include China (1,948.3 tons), Switzerland (1,040 tons), Japan, India and the Netherlands. By the way, the Netherlands specializes in stockpiling gold ore, having accumulated 612.5 tons of it, which is 70.5 percent of all the country's gold and foreign currency reserves. Poland, with 238.6 tons, ranks 23rd on this list. Gold takes up 9.8% in the reserves of the National Bank of Poland. 
In terms of financial security of gold investments, the leaders are again the USA, Germany, Portugal (73% of the reserves are in gold). They are followed by the Netherlands, Italy, Cyprus (68.8%), Kazakhstan (67.7%), France, Greece (63.4%), Tajikistan (61.3%), Uzbekistan (57.7%), Austria (55.9%). However, for example, the Czech Republic does not seem to believe at all in the power of gold. Czech reserves amount to only 7.8 tons (0.3%).

img

19

Oct

All the gold in the world

Gold is valuable and that is largely due to it being a fairly rare element to be found in the nature on Earth. Many people know that, however, not everyone understands how unique and rare this metal is. For example, if you melt all the gold that has ever been mined for the entire history of mankind, you will get a cube with edges of only 21 meters long. Such a gold cube could easily fit into a tennis court leaving another 2 square meters of area uncovered. That, in principle, is how you can imagine and visualize all of the gold reserves in the world. It’s not without a reason that this precious metal is dealt with or rather has its records kept by a special organization - the World Gold Council. According to the analysis of the Council's experts, three years ago (as of the end of 2017) the total mass of all gold mined by people was 190,040 tons. The organization emphasized that this volume also includes all known historical artifacts made of this metal. On average, annually the gold mining industry does not enrich humanity by very much, bringing in only additional 2.5-3 thousand tons of gold per year. Scientists assure that there is still quite a lot of gold on Earth, however, the depth of its large deposits is so great that people won’t be able to reach them, at least with our modern-day capabilities. While the gold has been appreciated since ancient times, people began to mine it on an industrial scale quite recently. The organization's analysts have calculated that the largest volumes of gold mining became available after 1950. It was starting from that period when two thirds of the total volume of gold mined in the history of mankind was mined. Despite the fact that gold is the best instrument for financial investments, almost half of the current reserves of gold are in the jewelry possessed by the Earth’s population, which is approximately 47.7 percent of its total volume. The remaining underground reserves, according to specialists, amount to 54,000 tons.  Despite the significant growth in the volumes of gold mining in recent years, according to experts, in the next 8-10 years its pace will slow down and the volumes will noticeably decrease.

img

18

Oct

Leadership

A need for an influential leader arises in a group or team especially acutely precisely when on the way of the group to achieving success there are various unforeseen obstacles or a situation arises in which something threatens the group from the outside, in a really difficult, sometimes even a critical situation. In such cases due to “weak links" there may arise a lack of consistent understanding among the group members and of a common understanding of what is necessary and appropriate to undertake at such moments in order to continue moving towards the goal or minimize any danger for the group. The leader needs to ensure the achievement of goals as well as the safety of the group due to the fact that this is his direct “job” in the group, and that requires the manifestation of certain personal qualities from him: courage, skills, knowledge, self-confidence and other necessary ones for such cases. The level of danger or difficulty encountered during overcoming obstacles faced by a group or a team examines the leader and threatens with the facts of the emergence of a new leadership in case the already recognized leader did not cope and allowed someone else to decide everything. Success in solving difficult or critical situations provides the leader not only a vote of confidence from the team, but also the appropriate volumes and forms of projecting his leadership onto the team. Therefore, in most critical situations, groups do not resist when leadership is concentrated in one’s "strong" hands. For example, using historical analysis it can be determined that the emergence of dictators, as a rule, occurred exactly in such critical situations when nations and peoples needed instant changes in the composition of their leaders. Sometimes, it is acceptable for a leader that the leadership functions are usually distributed among several people. Such can be the cases when the problems faced by the group are large, numerous, or have different origins. Then it makes sense to "share" the leader's responsibilities with those team members who are able to help in solving common problems. You should also pay attention to the ability of leadership so to say to "dissolve" before "easy group tasks" which can be solved independently by anyone. In such cases, the leader must still remain in control of the process of implementation of solutions without losing the sense of the rhythm of the events which are taking place.

img

15

Oct

Fear of failure

“I can’t start doing anything, because I’m afraid that it won’t work, and in general I doubt the positive results of my plans.” Very often, this is what people think before giving up on a new opportunity and forever depriving themselves of the chance for a new and their desired way of life. Psychologists assure that such fears may not only be overcome, but also their destructive power can be turned to creation. People have two main ways of thinking at moments when they are faced with problems and challenges in life or with inevitable obstacles. The "fixed" way of thinking causes  in us a fear of making mistakes and a possible fiasco, painting a picture of a failure as of an inevitable and fatal ending after which there will be no return to the usual calm however a poor life. People who have this prevailing view perceive possible failures as personal shame and pain from such humiliation. It is just that their highly developed right brain hemisphere sends them all kinds of pain signals due to an increase in the level of cortisol, which is the stress hormone inherent for these kinds of situations. Shame, fear, anger, disgust and sadness are the main negative emotions that make people keenly want to avoid feeling them. The brain will do everything so that you do not feel them, and it seems to you that the right decision will help you avoid failures. That is - giving up the opportunity. A different type of thinking – the "growing" thinking causes people another type of emotion of the five main negative emotions – and that is fear. There is also a striving to avoid bad feelings. The point is that a person is not afraid of failures, but of the loss of an opportunity.  And, the possibility of a failure in an upcoming business is a positive factor, causing excitement, more pleasant emotions than in the case when the person would not even try doing something.  In neuroscience, arousal refers to the spectrum of emotions of "attachment". There is also joy, love, trust and pleasant surprises in there. Those who are afraid not to try constantly feel euphoric about possible risks and their brains release the hormone oxytocin responsible for elevated feelings. Such people will even be ashamed when they do nothing and take no action to achieve their goals. If you have the "fixed" mindset, it is not difficult to change it to the "growing" mindset.  Such ability of our brain as neuroplasticity is designed to alter and rewrite human responses to emerging stress and experiences. Changes in the point of view, accepting the pain of loss, the concept of “time heals” – they are all merits of neuroplasticity. Rebuilding the neural connections in your brain takes time and practice.  It is necessary to consciously and subconsciously focus on what you want to change and to begin with in your behavior, and then to take possible measures to make that happen.  One of the great people said that in order to achieve victories over oneself and success in undertakings, a person must do something every day that scares them. By forcing yourself to act against your brain's signals you will change your ideas about what is scary and what causes insecurity, and what is interesting and attractive to you. Of course, you should not set up such experiments in absolutely risky situations as it is better to start with simple everyday changes.  All we need is to consciously face our fears and not retreat - then, within a few months, we will be able to reprogram our thinking into the type of thinking we need."

img

14

Oct

You and your time

If you have ever had an opportunity to communicate with a successful person, especially for a long time, you could not help but notice that success accompanies him in almost everything and that such a person would be constantly increasing his capital. At that very time, those who belong to the class of low-income or poor people, despite their desperate austerity measures, are gradually becoming poorer and poorer. This mystery of why the poor get poorer and the rich get richer has been bothering people for a long time. Most losers tend to look for the intrigues of fortune in it, global conspiracies of capitalist sharks and other fantastic answers – only not to face a simple but depressing truth.

What is it in? Usually, the average adult of 30 to 40 years old earns as a hired worker, and in most cases, spends almost everything that he earns per month. Often that is not enough for him and he resorts to the help of all kinds of creditors, both legal entities and individuals, and borrows money to make it to the next paycheck. Basically, such repetitive situation occurs because the person is not focused on creating assets that would help solve his financial problems. A lot of times there are even quite explainable and significant reasons for that, however, that does not make it easier and the financial slavery of hired labor is still flourishing in the 21st century. Roughly speaking, people become millionaires only in their free time, but at work, as the saying goes, "there is no time to earn money, because there is a lot of work." In the modern world, only a few hired workers, - as a rule they would be representatives of top management of transnational corporations, can earn such salaries with which it would be possible to create financial assets that allow not to worry about anything. Most of the people trade their time for work for a promised salary, albeit not always a small one, simply lose the opportunity to do something for themselves in terms of ensuring their financial stability. Time is the main asset of a person, and rich people once made their time a priority before working for a salary and they are good at using it well. Of course, there had to be also risk, but it usually happens to be justified. Nothing good would have happened if today's millionaires in their due time would have chosen the stability of a promised salary. Work in the morning, back home in the evening, monotonous pastime during evenings and rest only to start it all over again - the progress of a person living this way will be minimal in the long run. And if you consider that the majority has simply learned to endure and do the work they don’t like, one can imagine why they lack development and their income practically does not grow from year to year. It is the correct use of time that is the key to achieving wealth and to earning passive income as one of the tools of financial freedom. To create a reliable passive income you need to be very active and work hard so that you can quit your job forever and become a wealthy person.

To gain financial freedom and start building your life for yourself: 

-take time to create assets and regularly think about what you can do in order to receive money many times for what you have created;

 -immediately strive to have several sources of passive income so that your financial stability is under reliable protection;

- to do that, engage in self-education and raise the level of your financial literacy, because the primary asset in which you should be investing is yourself!

A specialist in financial literacy and without a doubt a successful person, the popular author Robert Kiyosaki is sure that "wealth is determined not by the size of a bank account, but by the amount of TIME during which the person does not have to work while maintaining a comfortable standard of living."

 

img

04

Sep

New Office in Cape Town

This Saturday one more partner’s office opened its doors to visitors. The atmosphere of a holiday and a solemn moment overwhelmed our guests. Our TOP leaders from all over the big country came to this event. Presentations from Mduduzi Mdubaneh Mpanza, Smangele Hadede,Bongani Velman, Thabita Kgopa were filled with energy and success.

We are now officially represented at Cape Town! Overthrow our partners will be able to attend daily presentations, use the meeting room to meet new people who want to join our team. Also, you can get professional advice from the best leaders of our team. Thanks to Christina and Lawrence for a wonderful event!

© OROONE co ©2020 All Rights Reserved.