Jeevindra’s Weblog

June 5, 2009

In Praise of Land

Filed under: Uncategorized — jeevindra @ 4:32 am

The doom sayers have been recommending Gold and Oil and Silver. They have all missed land, the ultimate hard asset.

We will probably see most nations adopt a Gold/Silver backed currency in the next two decades. The chances of Governments then making private ownership of these metals illegal or heavily taxed is pretty probable if we look at history.

Land is probably the only asset that they can’t touch with impunity. It’s a finite resource, nearly impossible to steal, it has the greatest number of uses and forms the basis for all wealth.

Get smart, buy Land. This recession /depression has a long way to go yet, we are still screwed fundamentally, and in this scenario, the best defense is a good offense. Keeping part of your wealth in land is good offense.

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