brin
Super Member
Same here Ken...Land and other real estate has been my concentration since the early 70's as well...and I am so glad..
Thoughts on investing in gold/silver
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Same here Ken...Land and other real estate has been my concentration since the early 70's as well...and I am so glad..
sweettractors
Advertiser
You know Bob, The auctioneer always says this before the auction starts. "They ain't ever going to be anymore of it made" Ken Sweet
brin
Super Member
Yep he does Ken...I remember my Aunt blessing me out years ago for selling calves ..she told me to never do that ..hold all your calves and build your heard..sell your bull...LOL...she also told me to never sell any of the land since they were not making any more . So true.
beppington
Elite Member
tallyho8
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Even though I made the most money investing in real estate, it still depends vastly on your choice of purchases.
The 160 acres of land in the Ozark National Forest that I inherited in 1975 was worth $200 and acre then and is only worth about $900 an acre now.
All my other investments did much better than this.
I do know people who lost money in real estate simply because they were not knowledgeable enough to know what they were doing and would frequently buy the best, most expensive home in the area and expect it to appreciate.
I always buy the cheapest home in a good area knowing that the more expensive surrounding homes will pull up it's value.
The 160 acres of land in the Ozark National Forest that I inherited in 1975 was worth $200 and acre then and is only worth about $900 an acre now.
All my other investments did much better than this.
I do know people who lost money in real estate simply because they were not knowledgeable enough to know what they were doing and would frequently buy the best, most expensive home in the area and expect it to appreciate.
I always buy the cheapest home in a good area knowing that the more expensive surrounding homes will pull up it's value.
MossRoad
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We have a 40% house vacancy rate here in South Bend, Indiana. You can buy houses for under 20K all over the place. The problem is, there is no one to live in them. No jobs. No renters. No buyers, either. Just plain down, down, down around here. It is a good time to buy cheap, buy only if you have money to tie up for an unforeseeable amount of time. The way things are around here, no new jobs are on the horizon, the kids are moving away and that is that. Game over for this town. It will be an empty crime ridden slum in town and a few nice subdivisions on the outskirts at best. There are vacant factory buildings, vacant land, empty apartment houses, etc.... really bleak.
That's why I don't invest in real estate around here and stick to the stock market.
tallyho8
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That is a wiser choice in your situation because I don't believe in buying real estate far from home and in your situation, not near home either.
sweettractors
Advertiser
Our most prominent auctioneer in the area will sell a manure spreader, but won't stand behind it
Ain't he got the nerve Ken Sweetdmccarty
Super Star Member
Oil will run out.
The question is WHEN.
We were supposed to be out of oil 10 years ago in 2000. That is what the "experts" told us back in the 70's.
When will oil run out?
Knowing the WHEN will determine how much money one makes. Or looses.
It is called timing the market.
Later,
Dan
sweettractors
Advertiser
If we could develop Anwar, we would not be Dependant on foreign oil for many years. Ken Sweet
brin
Super Member
Cuba is deep water drilling 60 miles off the Florida coast...go figure - What am I missing? Make sense out of that .
77transam
Silver Member
The most important industrial use of gold is in the manufacture of electronics. Solid state electronic devices use very low voltages and currents which are easily interrupted by corrosion or tarnish at the contact points. Gold is the highly efficient conductor that can carry these tiny currents and remain free of corrosion. Electronic components made with gold are highly reliable. Gold is used in connectors, switch and relay contacts, soldered joints, connecting wires and connection strips.
A small amount of gold is used in almost every sophisticated electronic device. This includes: cell phones, calculators, personal digital assistants, global positioning system units and other small electronic devices. Most large electronic appliances such as television sets also contain gold.
Gold is used in many places in the standard desktop or laptop computer. The rapid and accurate transmission of digital information through the computer and from one component to another requires an efficient and reliable conductor. Gold meets these requirements better than any other metal. The importance of high quality and reliable performance justifies the high cost.
A small amount of gold is used in almost every sophisticated electronic device. This includes: cell phones, calculators, personal digital assistants, global positioning system units and other small electronic devices. Most large electronic appliances such as television sets also contain gold.
Gold is used in many places in the standard desktop or laptop computer. The rapid and accurate transmission of digital information through the computer and from one component to another requires an efficient and reliable conductor. Gold meets these requirements better than any other metal. The importance of high quality and reliable performance justifies the high cost.
beppington
Elite Member
Oil is a commodity, so its pricing comes as much from the whim of investors as it does whether or not it's really "running out".
Stocks go thru booms & drops, & yet we're not running out of them.
Nobody can regularly predict the price movements of anything. Or else somebody out there would be way, way, way richer than Bill Gates & Warren Buffett.
Stocks go thru booms & drops, & yet we're not running out of them.
Nobody can regularly predict the price movements of anything. Or else somebody out there would be way, way, way richer than Bill Gates & Warren Buffett.
Redneck in training
Elite Member
Let's say we will not run out of oil anytime soon. We will just run out of cheap oil prety soon.
OP
carpenter383
Platinum Member
I know it's against the laws of physics, but take a look at some youtube vids on perpetual motion. Seems pretty convincing, and could mean a BIG drop in the demand of oil in the near future.
dcyrilc
Super Member
The airport in Japan was the first thing I thought of as I read your reply.:laughing::thumbsup:
300UGUY
Super Member
What I read was that Anwar would provide only a small % of our oil needs. I don't have the numbers at hand, but I am sure it was well under 10%.
sweettractors
Advertiser
I was quoting The former Gov of the State, She said that Anwar development could eliminate dependence on "Foreign Oil" from countries that hate us anyway. Not replace all our oil needs. Ken Sweet
Travelover
Elite Member
I think we have wandered off the original topic and into politics. Just my opinion.
