It is an axiom in investment finance that as currencies or economies–or both, become unstable due to economic downturns, political instability, or civil conflict (war), gold becomes a good investment. Gold has often been called the “crisis commodity” because it tends to outperform other investments during periods of world tensions. With the integration of regional and global economies, we have seen how a banking crisis in one country can drag down the economies of multiple countries, and even destabilize the world economy.
With recent world events in mind, there are other things to consider when hedging one’s future opportunities. Securing one’s investments through diversification, including investing in gold, is only one aspect of investing. A savvy businessman or professional will also acknowledge that the ability to speak and understand two or more languages well, is another way of attaining flexibility in times of trouble. An currency may crash, a political coup could occur, a country could be annexed by hostile forces, adversaries may impose sanctions that can crush a business or destroy an entire economy–the myriad of destabilizing influences are nearly endless.
Because it is the de facto language of international business, science, and diplomacy, English is the best second language in which to have high-level skills during normal times. In fact, it can be said that English is the “gold standard” of languages. In times of instability or complete chaos, and expert knowledge of the Englsih language is a lifeline for those whose life as they have known it has ended, and there is no way out but to change one’s permanent address. Over the years, I have met countless PhD’s in science, medical doctors, engineers, and other highly skilled men and women who were working in menial jobs in their newly adopted countries. The nearly universal reason for their reversal of fortune and opportunity was that they could not adequately speak the language of their new country. They were professionally qualified to still be at the top of their professions in business, scientific research, medicine, and engineering, but instead they were driving taxis, cleaning offices, or washing dishes in restaurants.
If you are at the top of your profession now, but your skills in the English language are not commensurate with the level of English you would need to “re-boot” at the same level in an English-speaking country, then you need to strongly consider improving those skills. Even if your country and economy are currently stable and you are doing business internationally, collaborating with colleagues in English-speaking countries, or conducting business or diplomatic negotiations in any country, a higher, more sophisticated use of English will help you to gain additional advantages and increase your likelihood of success—no matter where you live or what you do. But if that current stable economy or political situation ever changes, it will be too late to smoothly transition to a new life if you have not already prepared yourself for it.
Contact Exim English today for a professional evaluation of your English skills and based on your current level of English, a recommended plan for quickly improving your efficacy in the language.
Hedge your investments and diversify your skills. It is the thinking man’s strategy for insuring a viable future.