De,
As you know, I recently speculated in a post here that from this point onward GOOD ag land, with water, with a 50% loan would out perform gold going forward.
More recently -- about a week ago, to be exact -- I got a letter from a realtor specializing in farmland and so I inquired how my land is doing. He said he's currently in escrow on a similar piece of property with two bidders now at $9800 an acre. I purchased in 2003 at about $3200 an acre. So...that is already about a 6X "profit" (although I think the term profit is borderline absurd in a situation such as is currently brewing). Gold has gone up about 5X in roughly the same period (or 6X if you got in at the rock bottom of $250 a few years earlier).
So...good farmland is already out performing. I expect this trend has a long, long way to run, however. After all, how may people do YOU know who are substantially invested in farmland? Have you yet seen a farm listed as Time's "Man of the Year" or seen any interest in a TV show named "Flip that Farm"? People disrespect farming and farmers and most, honestly, haven't a clue what is involved in growing food. The hedgies are speculating but there are MULTIPLE real trends, with enormous momentum and rationale, behind good farm land and farming at this point.
I want to point out that in the 1970's farmland actually outperformed gold as well, from my understanding and to repeat that LAND is one of the key routes the wealthy in bankrupt countries, such as the US, have historically kept their wealth intact through currency events. But in this case, currency collapse is only ONE of the factors in play.
The dumb clucks in this country who are supporting EITHER mainstream Democrat or mainstream Republican politics and war as usual have little idea what is coming soon to a theater near them ... like on their street and in their house. I'd like to say the dumb clucks don't deserve what they are going to get but that isn't true and wouldn't change anything anyway. We -- the human race -- is in for a bloodbath, almost for certain, and that is PRECISELY what we in America, at least, have been voting for for a long, long time. There is going to be a lot more shucking, jiving, and finger pointing as things move along toward Truth or Consequences but this is one of those cases where the longer we put off taking PERSONAL responsibility the worse things are going to become.
Do something r3VO_|utionary and liberating this weekend: sheetmulch your front lawn, poke holes through the cardboard, and plant tomatoes, strawberries, corn, etc. therein. Get real and get busy.
I have come to realize that men are not born to be free. Liberty is a need felt by a small class of people whom nature has endowed with nobler minds than the mass of men. -Napoleon
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