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 - What Oil Should I Use? - by Francis Robinson. I keep seein this question pop up over and over again in discussion groups all over the web. As with many things there are often several right answers and a few wrong ones. Some purist I'm sure will disagree to no end with what I will tell you but most of us out here in the real world don't really care do we ? Some of them only bring their noses down out of the air long enough to look down them anyway. If you are like me you are only doing this old tractor stuff because you enjoy it. You
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