Gold Magazine January - February 2014, Issue 34 | Page 6

EDITORIAL

Investing in the Future

PUBLISHED BY IMH
ISSN 1986 - 3543

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lthough it is both tempting and easy to look back at 2013 and to blame all kinds of
people in Cyprus and abroad for the problems that finally became too big to ignore
or resolve without enormous sacrifices, you don’t need me to do that for you, especially two weeks into the New Year. Everyone knows what happened in March and
we all have a strong suspicion that what lies ahead will be neither easy nor pleasant. However,
while it may still be premature to believe that the only way is up, it is essential that we maintain a
positive outlook in 2014 and believe in the country’s ability to emerge from the present difficult
situation.
As in previous years, we start the New Year with our annual Investment Guide (page 16)
and the views of four financial experts on what those fortunate enough not to have lost their
wealth and/or assets should be doing to see a good return on their investments. While most
of their clients will be looking to foreign markets and studying the major share indexes, which
rose impressively during 2013, some will doubtless be looking to Cyprus for a way of taking
advantage of the island’s current predicament. The American authors of Crisis Investing in Cyprus
(page 58) certainly believe that there is money to be made by investing in local companies and
real estate at the present time. Others will take a less aggressive, longer-term view and see that
Cyprus is now taking the necessary steps to restore confidence in those areas that have always
proved lucrative and successful. Peter Long, the CEO of Europe’s biggest tour operator, TUI,
believes that Cyprus will have more visitors this year than it did in 2013 (page 54), though he
notes that var