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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?


To: TobagoJack who wrote (12482)12/14/2006 6:36:13 PM
From: Ilaine  Read Replies (2) | Respond to of 217573
 
especially the sort of land that has oil or gold on it?

You just seem to be naturally drawn to high stakes investing. Nobody on earth can predict whether an oil well will pay off until it's drilled, and then the payoff is something like one in seven wells. Gold mining has to be even more speculative.

So, no, hat's not the way I'd do it.

Although it is amazing the things you can learn hanging out with people in the business, realtors, real estate lawyers, title examiners, people who work in the land office.

I was in the land office of a little county in Mississippi last week, that seemed to have a rather unusual buzz that seemed to have something to do with oil and gas. People who were not regulars, out of towners, photocopying very old plats with great efficiency and mouths firmly shut.

I think a wildcat well just paid off, maybe.