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 - Tractor Profile: Farmall M - by Staff. H so that mountable implements were interchaneable. The Farmall M was most popular with large-acreage row-crop farmers. It was powered by either a high-compression gas engine or a distillate version with lower compression. Options included the Lift-All hydraulic system, a belt pulley, PTO, rubber tires, starter, lights and a swinging drawbar. It could be ordered in the high-crop, wide-front or tricycle configurations. The high-crop version was called a Model MV.
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