The Oil Drum

Hi Stoneleigh,

You put a good case for not putting ones trust in gold, I hope others will read your reply to that question.

There are better places to be putting any spare dinero one may have than in gold and the one thing I really would and am doin, is putting it into cash (saving) despite the immediate problem of inflation.

One thing that I would suggest is that the purchase of land be held off until such a time as there is a drop in that market . While I do have what I consider a minimum holding necessary to grow enough to get buy on (slightly over as quarter of an acre.) I would prefer to have enough for fallow or as you mention a wood lot. I am putting aside a few dollars for that but with the price of land here (Coastal B.C.) a little bit crazy, it will have to fall quite a bit before I will be able to afford anything extra other than a rock/stump farm on top of a mountain. Many of these decisions depend on circumstances, now and later, but as a generalization would you put land (including that very scarce item good quality farm land) in the same category as any other item you are thinking of in your statement above, to wit: That would mean you should (in theory) be able to buy gold at a lower nominal price later, along with all manner of other things, with any cash you've managed to hold on to.

I see you have posted a new Roundup so will end this here. Thanks.

PS. As we pass PO it would become increasingly difficult for individuals and corporations to farm large acreage, therefore I would expect there to be more willingness on both government and individuals part to allow these to be broken down to smaller holdings which would be manageable by individuals. As well government support might be given to groups to collectively run larger holdings... Vive la revolución!