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 - A Lifetime of Farm Machinery - by Joe Michaels. I am a mechanical engineer by profession, specializing in powerplant work. I worked as a machinist and engine erector, with time spent overseas. I have always had a love for machinery, and an appreciation for farming and farm machinery. I was born and raised in Brooklyn, New York. Not a place one would associate with farms or farm machinery. I credit my parents for instilling a lot of good values, a respect for learning, a knowledge of various skills and a little knowledge of farming in me, amo
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