Posted by ChrisinMO on April 25, 2010 at 15:10:20 from (207.119.180.127):
In Reply to: one more time: Gold posted by Hughb on April 25, 2010 at 12:13:43:
The only way to save wealth (ie: value) from the legalized thievery of these days is to put it somewhere the thieves won't think to look for it. Yes, land can be an excellent investment over time. Gold can be good too, but you can't eat it.
We are obviously in uncharted waters. Being a bit younger than others involved in this discussion (42 y.o.), I've got to wonder what lies in store for us say 20 years and more from now. What we've been doing with part of our 'investment' money is to plow it back into our land, literally. For starters, we've worked very hard to have all the land we own debt free. Beyond this, we put a lot of effort into permanently improving the fertility of our soil through good management and adding organic and mineral amendments without worrying about whether they'll pencil out this year or next year. Urban government types don't really understand farming and certainly don't understand soil fertility. Hiding our wealth there will give us access to it later when we might not be able to afford fertilizers or fuels. And in the meantime, it will help grow better crops.
Sounds kind of like a crackpot idea, I admit. But the games being played with the money supply, etc sure makes you wonder about the future.
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