On Don's board you commentedI'm beginning to believe more and more that one of the few safe harbors for wealth to be placed is rural farm land.
To keep it on topic for here, my reply:
Soro's old partner, Mr. Bowtie with the young wife and young family, Jim Rogers says the same but he also took his family to Asia to be closer to the nexus.
I've thought about this since I realized in high school that the liberal teachers were a vast majority and they were teaching the next generations....
Do you think land in London, Amsterdam, Rome or New York has seen a significant decline in price over a generation since any of those countries were the center of power? Add in Hong Kong, Singapore and perhaps some other major trade cities in the middle east that I don't track.
Thus...
#1 buying QUALITY land in areas such as the above will preserve wealth. Figuring out new areas to buy, such as South of the Silicon Valley to North of San Francisco, perhaps Napa as the NEW center of brain power for the new economy.... close to China for those wishing to pull money out of the commie country and send their families to where it is safe to live with great weather for when you visit. Vancouver and other areas like Portland also qualify.
#2 Income producing assets that benefit from what the big government members buy with their paychecks... Intel servers, Coach purses, Food, beverages, telecom services, Apple or Samsung phones (after the Palm, Blackberry, Motorolla, etc. became unfashionable.) etc.....
#3 Some sort of 100% safe asset that will hold value or possibly gain when stock markets crash.... that you can use to buy stuff pennies on the dollar (much like my buying GE at $5.76 or FNSR under $2 split adjusted when the clowns on CNBC admitted yesterday they were going to cash despite Mark Hains saying he thought it was a bottom! I remember Cramer was very scared and bearish.)
I have some of all three in significant allocations. |
