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Topic Review (Newest First)

  • 11-21-2012, 07:42 PM
    nganga
    I agree with Doc on the land thing. I also have put quite a bit into Silver and here's why. There has been a historic ratio between the price of gold and the price of silver of about 30:1. It is now, as we speak 53:1. For the historic ratio to come back into balance silver needs to go to roughly 58oz. It is now 33oz. Gold, some say will go to over 3koz, if it did silver would need to be 100oz.

    That said, how to buy bread with silver or gold? can't say but I would rather hold a 100oz bar of silver than a 100 TRILLION dollar note as seen in Zimbabwe before their dollar tanked.

    We are in extremely bad shape and Nero fiddles while America burns.

    Guns
    Ammo
    Precious metals
    Fuel
    power generating

    I'm no survivalist but look at what happen from a little storm up in New York last month. Imagine a run on the banks followed by a run on the grocery stores followed by roving bans or anarchists. Not much or a reach really.
  • 11-21-2012, 06:38 PM
    SNiC
    Quote Originally Posted by The Doctor View Post
    Nothing in my remarks stated land should be an exclusive investment vehicle. Personally, I find food, firearms and ammunition to be equally valuable for our coming years. I have been storing them for well over four decades.
    Agreed...Excellent investments indeed!

    Speaking of investments;
    I wish "political ignorance" was traded on the NYSE (Symbol: PIG). I would be very interested in investing as this appears to be the new upcoming commodity that people are seeking. Do you suppose we could introduce this "PIG" Stock as an IPO @ 2 cents per share?
    As over 50% of the people currently partake and utilize "it" daily, investors would be in for one "hell of a return"!!!! PLUS, with an endless supply of political ignorance readily available, the Market Cap for "PIG" would be unlimited!
  • 11-21-2012, 06:27 PM
    thatguy
    Quote Originally Posted by wolfie View Post
    Hate to say this, but if we face an economic disaster, no investment is going to matter. Gold is only worth what someone is going to pay for it. If we take a shit, the world does as well, including China. Land is the only thing that will have any value, but only to the point of farming. Unless the government takes it away too.
    In the economic disasters you all are talking about, you can bet that Obama has already studied up (remember, he taught Clower/Piven) on how to successfully transition our government into a more socialistic society.
    This sort of reminded me of a show I saw last week called "Jungle Gold".
    Anyone seen that?
    These 2 buddies from Utah that used to be realtors lost their asses and have a combed debt of over a million bucks. They are both facing forclosures and possible divorces from the looks of it.
    They scheme to go to Africa and gold mine. Sort of a spin on the Hoffman jokers in Alaska.
    They have a large claim staked out, Gov. approved lease, and have even greased the local tribal cheif. EVERYTHING is in order. Then they get there and hundreds of chinamen are mining their claim. Excavators, dozers etc. they freak out and go to the Cheif. He says that the Chinamen are there illegaly, but they are too many and are armed with shotguns. Nothing he can do to remove them.
    Too bad.
    Chinamen just took over and stole it. Common practice as it turns out.
  • 11-21-2012, 05:44 PM
    The Doctor
    Quote Originally Posted by SNiC View Post
    Tell this to the thousands and thousands of previous land owners who lost their land and property due to "Eminent domain"....
    I have zero intention of arguing this point but I'll say that I've spoken as an expert witness in multiple eminent domain hearings and the land owners, in every single case I've seen in my thirty five+ years was compensated at NO LESS THAN fair market value when the condemnation proceedings completed and the government took the land. In nearly every single case the property taken was for widening of roadways, establishment of power corridors, establishment of drainage corridors, flood control or some similar need. I never once saw this process used irresponsibly. I'm not saying a corrupt government couldn't do it one day but we have had a couple hundred years of governance where property owners were well protected.

    It would be wise to NEVER underestimate the ruthless, over reaching, and abusive powers of our Government and current POTUS.
    I'll not disagree and I'll admit that what we are seeing these days is more overreaching than ever before in our country's history.

    Granted, I agree land is a good investment, but "they" will have to pry the gold out of my dead fingers or crawl over my body to access my safe. And once it all collapses and the majority of the people are left holding WORTHLESS PAPER MONEY, who will purchase your land and for what possible purpose? Can you easily "break off" a piece of land to trade for some bread? If so, at what value or worth?..... I would diversify to say the least, with emphasis on GOLD! In addition, land's portability factor is ZERO!
    Nothing in my remarks stated land should be an exclusive investment vehicle. Personally, I find food, firearms and ammunition to be equally valuable for our coming years. I have been storing them for well over four decades.
  • 11-21-2012, 05:15 PM
    wolfie
    Hate to say this, but if we face an economic disaster, no investment is going to matter. Gold is only worth what someone is going to pay for it. If we take a shit, the world does as well, including China. Land is the only thing that will have any value, but only to the point of farming. Unless the government takes it away too.
    In the economic disasters you all are talking about, you can bet that Obama has already studied up (remember, he taught Clower/Piven) on how to successfully transition our government into a more socialistic society.
  • 11-21-2012, 04:42 PM
    SNiC
    Quote Originally Posted by The Doctor View Post
    ... Nobody will have rights to take that away without a complete revolution in this country .....
    Tell this to the thousands and thousands of previous land owners who lost their land and property due to "Eminent domain"....

    It would be wise to NEVER underestimate the ruthless, over reaching, and abusive powers of our Government and current POTUS.

    Granted, I agree land is a good investment, but "they" will have to pry the gold out of my dead fingers or crawl over my body to access my safe. And once it all collapses and the majority of the people are left holding WORTHLESS PAPER MONEY, who will purchase your land and for what possible purpose? Can you easily "break off" a piece of land to trade for some bread? If so, at what value or worth?..... I would diversify to say the least, with emphasis on GOLD! In addition, land's portability factor is ZERO!
  • 11-21-2012, 04:30 PM
    The Doctor
    Quote Originally Posted by Jake View Post
    yeah until you try to sell it!
    I sell it all the time.
  • 11-21-2012, 04:25 PM
    Jake
    Quote Originally Posted by Forkin' Crazy View Post
    One thing about land, they aren't making any more of it. The acreage I bought 6 years ago is worth 5 times what I paid for it. I am looking at more.


    yeah until you try to sell it!
  • 11-21-2012, 09:14 AM
    Forkin' Crazy
    One thing about land, they aren't making any more of it. The acreage I bought 6 years ago is worth 5 times what I paid for it. I am looking at more.
  • 11-21-2012, 09:11 AM
    The Doctor
    Quote Originally Posted by Icy View Post
    You really think or constitution will stand when the banks collapse? Because you are in Arizona I think you'll be alright and they will maintain that ownership even when that happens. But if you were in Cali or somewhere else, I think you should be just as worried as someone in stocks.
    When the stock market fails or a company folds, you are left holding the paper certificates.
    When the real estate market takes a complete dump, I hold not only the paper deed but I can walk to all four corners of the parcels I own and I will always be able to do that. Nobody will have rights to take that away without a complete revolution in this country and such a revolution will see the military and law enforcement stand clearly on the side of the constitution that they took an oath to uphold. In other words, they've already promised to protect me and my rights.
  • 11-21-2012, 08:26 AM
    snoopjonnyjon
    Quote Originally Posted by The Doctor View Post
    I'm rather pleased with my investments in land. Nothing is without risk but I don't have to watch markets every day, wonder if the institution will remain solvent or question how the next round of legislation will slaughter my net worth. Besides, if everything crumbles I can still go plant food on every single parcel I own and eat!

    It's not the answer for everyone but it's an affordable alternative to today's typical market vehicles. Besides, it's priced to buy right now!
    I just bought 160 acres last Friday. I actually had to pay about 15% higher than any land has ever sold for in our area, but it is also the highest assessed land in the R.M. (similar to a county in the US). Our economy is actually booming here, so there are no bargains on real estate. Houses in the city are horrendously overpriced. A run down 750 sq ft house built in 1945, underneath the freeway is worth about $300,000 in Saskatoon now, and our dollar is par with a USD now. I'll be quitting my engineering job with Fiat, and farming full-time starting next spring.
  • 11-21-2012, 02:27 AM
    Carlson-jet
    Quote Originally Posted by Icy View Post
    You really think or constitution will stand when the banks collapse? Because you are in Arizona I think you'll be alright and they will maintain that ownership even when that happens. But if you were in Cali or somewhere else, I think you should be just as worried as someone in stocks.
    This is pretty deep.

    If some clown who promised to uphold the constitution decides he wants to upend it in favor of some other entity, he gets the same treatment I would give any traitor. Yes, some of us will promote any means to protect what we believe is ours to protect. This is nothing new.

    Are you planning on running for the hills? We don't have alot of hills around here. I see no point in running.
  • 11-20-2012, 11:20 PM
    Icy
    Quote Originally Posted by The Doctor View Post
    Until the constitution completely fails, I have the right to private ownership of property. Banks are the institutions that are in jeopardy of not remaining solvent. I buy my land with cash and own all my properties fee-simple with valid deeds demonstrating ownership. In between those four corner pins are property I personally own. Not some government entity and not some institution. Me, the holder of the deeds. That's how I really own that land.

    I've been selling land for a living for over thirty-five years and I actually know a thing or two about property rights and ownership.

    Our last sale of investment property netted us a 200% return on our investment. I wouldn't sell any of the other parcels we currently hold for a return that is less than that in today's markets either. Now, did I miss your point or address your concerns.
    You really think or constitution will stand when the banks collapse? Because you are in Arizona I think you'll be alright and they will maintain that ownership even when that happens. But if you were in Cali or somewhere else, I think you should be just as worried as someone in stocks.
  • 11-20-2012, 11:16 PM
    The Doctor
    Quote Originally Posted by Icy View Post
    Really, even legislation that says you can't own land doesn't worry you? The institution remaining solvent is required for your land investment to stay solvent. If everything crumbles, how do you really own that land?
    Until the constitution completely fails, I have the right to private ownership of property. Banks are the institutions that are in jeopardy of not remaining solvent. I buy my land with cash and own all my properties fee-simple with valid deeds demonstrating ownership. In between those four corner pins are property I personally own. Not some government entity and not some institution. Me, the holder of the deeds. That's how I really own that land.

    I've been selling land for a living for over thirty-five years and I actually know a thing or two about property rights and ownership.

    Our last sale of investment property netted us a 200% return on our investment. I wouldn't sell any of the other parcels we currently hold for a return that is less than that in today's markets either. Now, did I miss your point or address your concerns.
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