I agree that land has been a wonderful investment over the last 30, 40, 50 years. But most is overpriced now, and has come down in both real and adjusted terms over the past 2 years. I will be 62 in August, and have plenty of real estate to sell to be set up for retirement- or that was the plan. Now, because of decrease in value, I'll keep working, I guess.
As far as a coming financial collapse being just political BS, we have never been in as bad a deficit position as we are now, and with "entitlements" making up over 60% of the budget, there's no easy solution. As long as we can keep "refinancing" the national debt by selling new bonds to pay the old ones (guy named Ponzi invented that technique), we're OK- but when we can't sell our bonds anymore, "granny bar the door". They will just start printing money to hand out, and inflation will run wild. That's when I'm thinking my silver will come in handy.
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Today's Featured Article - Choosin, Mounting and Using a Bush Hog Type Mower - by Francis Robinson. Looking around at my new neighbors, most of whom are city raised and have recently acquired their first mini-farms of five to fifteen acres and also from reading questions ask at various discussion sites on the web it is frighteningly apparent that a great many guys (and a few gals) are learning by trial and error and mostly error how to use a very dangerous piece of farm equipment. It is also very apparent that these folks are getting a lot of very poor and often very dangerous advice fro
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