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Message: Re: Ed Steer

Sep 19, 2010 01:27PM

Sep 19, 2010 06:02PM

It's interesting though....regarding the preservation of wealth over time (ie gold etc) in contrast to "paper money" which reflects only a relative wealth....why would things like (and I'm only saying this out of interest and not as an investor in the field....) why would tangibles like realestate not be considered as "safe" as things like gold?? Gold, like realestate holds a value only relative to that of which others are willing to pay for it.....ultimately it will produce you nothing (if a true fiat money devaluation was to occur)....so why wouldn't something like arridable land trump gold in terms of long term wealth savings?? I'm just interested??? My wife and I have the farm in SGR (wise or not)....but have always wondered why land was not the last asset of choice.....

Thanks guys....just interested in your knowledge and opinions.

Mike


Sep 19, 2010 07:54PM
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Sep 19, 2010 10:30PM
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