I saw an interesting, if not outrageous video about "Ameros", the replacement currency allegedly minted to replace the dollar. The author was suggesting that we all move to hard assets, i.e. non-US currencies, gold, silver, etc. Nothing denominated in US $. I don't want to discuss the veracity of such a claim, but I do think an interesting question is raised:
Land is the basis of wealth through-out the history of man-kind. So this got me to thinking. In the face of a possible economic melt-down (and I am NOT promoting such an idea or ever want to see it happen), would land be a good asset to hold? Not just from a monetary standpoint, but from a living/survival view as well?
Would you want to be in a high-rise appartment downtown somewhere or have a place to go to for security?
This is not a "survivalist" question, ala eat 'possum and dandylion salads out in the woods.
I just met yesterday with a devleoper/investor group that is buying up timber land, oil & gas leases, hunting properties and then holding/developing them as opportunity permits. i.e. they're putting their money into good old American dirt! And they're wanting my company to begin building the models out of green materials and energy production systems.
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