Posted by dhermesc on December 04, 2012 at 09:49:31 from (24.248.193.103):
In Reply to: In a Quandry. posted by Dalet on December 03, 2012 at 18:06:35:
I'd buy silver and keep a healthy reserve of cash.
Right now land is too high priced, couple that with higher interest rates that will come and it will look like the late 1970s early 1980s all over again. Equipment will go the same way - especially used equipment. High interest will drive down the price making it a buyers market for people with cash.
The other problem with land is property taxes. Most states value property taxes based on production value rather than market value. With states getting tax hungry to cover their exploding unfunded pensions you can count on that ending. Who do you think state legislators are going to listen to - a small contengent of farmers or the unions that decide if you keep your office.
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Today's Featured Article - Listening to Your Tractor - by Curtis Von Fange. Years ago there was a TV show about a talking car. Unless you are from another planet, physically or otherwise, I don’t think our internal combustion buddies will talk and tell us their problems. But, on the other hand, there is a secret language that our mechanical companions readily do speak. It is an interesting form of communication that involves all the senses of the listener. In this series we are going to investigate and learn the basic rudimentary skills of understanding this lingo.
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