I just do not know.
That makes two of us.
The real estate in beautiful places hedge was a no brainer, however, and I take no credit for it as it was obvious is still obvious and still eminently viable especially if inflation makes a comeback. Unlike gold, you can live in it, rent it, depreciate it, develop it, condominiumize it, etc., instead of simply waiting for teotwawki. As teotwawki approaches, those with gold will be fleeing hither and yon, looking for berautiful and exotic places in which to land.
An uncle has made a fortune buying and selling Hawaiian real estate to and from the Japanese. I had a chance to buy Aspen and Telluride real estate in the 80s but stupidly didn't. These are a couple of real life examples which probably make gold look like anemic by comparison.
I do agree that teotwawki is possible given the Islamic insanity. Thanks to the Iranians, we'll either see a replay of the Carter years and the economic dislocation it brought, or we'll see a real shooting war, nukes and all, as I don't see how the West can foil the Islamists' nuclear ambitions forever. In either case, gold and real estate in beautiful places will do very well indeed. |
