Unfortunatly it takes me forever to type as I have a bad arm shake after a terrible brain injury (type with 1 finger), so I won't be able to be as thorough. I'll do my best
YUPPP
Our first purchase was a house and 200 acres in 1981 all together for $135,000.
In 1948 my grandfather received the 350 acres of land and a house...ALL FOR $5600!! (THAT WS BASED ON MARKET PRICES AT THE TIME)
My great grandfather likely got the original 350 and a house for next to nothing... I think there was an incentive set up by the gov't at the time where you could keep as much land as the settlers could clear...
Land was worth F all then. My family left the farms in Ireland to escape the potato famine... both my mom and Dad's family. (my mom's side settled near Shelter Valley (Coulbourne) ON.
Now that original house + 200 we bought in 1981 is worth over $4million!!
INFLATION can be a game changer if used to your advantage... Personally, I think it will be again with OIL STOCKS.... OIL AND GOLD ARE the most inflation sensitive places to be next to real estate!"
__________________________________________ Inflation Thoughts———- OIL; COPPER; and GOOD FARMLAND
From a post I made over on AgTalk when asked what I’m doing to prepare:
“OIL; COPPER; and GOOD FARMLAND
I don't know the answer to your question.... but I am trying to hold the EXACT OPPOSITE of what can be easily re-created.
IF you think about how simple is to create new $$, they just fire up the printing press... Today its digital, so it's even easier.
That's why housing and land has gone up so much---- it can't easily be re-created. People don't understand the WHY of why real estate is a good inflation hedge...it just IS. But I think this is WHY...
There is a lag time in housing, as once there is enough material mined/produced... they can build more....
But things like GOOD FARMLAND, OIL... they're not making anymore of. When it's gone... it's gone.
WHICH is why I have ALL OUR WEALTH in GOOD FARMLAND, OIL COMPANIES AND COPPER COMPANIES.
HERE's the list of stocks we're in:
O&G EPs (70%)
VET
CVE
MEG
CPG
PEY
TOU
ARX
WCP
BNE
CJ
BTE
FRU
CR
copper (30%):
southern copper
FCX
TECK
first quantum
BHP
RIO Tinto
________________
and now:
BTO
and
HBM