Lord Beria3 wrote:[After all, everybody has their price eh.
And not everybody thinks as highly of farmland as you do.
I think very highly of food on the table.
You are right that there will be sellers of land but the price they will ask and get for productive farmland will soar at least as fast as the price of gold once oil and fertilizer supplies start to decline.[/quote]
Who knows, as I can't afford farmland now, and won't for some time to come, I will worry about that when I get there!
Either way, I am confident that gold will do very well in the future either way!
Peace always has been and always will be an intermittent flash of light in a dark history of warfare, violence, and destruction
In the depression of the 1930s the price of land fell because no one could make a living from it, despite people being hungry. Even today the EU farmers rely on a large subsidy to make a living. The price of land could possibly soar, but only until people's money ran out, either because they needed it for food or because the government engineered inflation made it worthless.
woodburner wrote:In the depression of the 1930s the price of land fell because no one could make a living from it, despite people being hungry. Even today the EU farmers rely on a large subsidy to make a living. The price of land could possibly soar, but only until people's money ran out, either because they needed it for food or because the government engineered inflation made it worthless.
+1
Peace always has been and always will be an intermittent flash of light in a dark history of warfare, violence, and destruction
woodburner wrote:In the depression of the 1930s the price of land fell because no one could make a living from it, despite people being hungry. Even today the EU farmers rely on a large subsidy to make a living. The price of land could possibly soar, but only until people's money ran out, either because they needed it for food or because the government engineered inflation made it worthless.
+1
In the 1930s we were on the gold standard that some here want to go back to. Also the government foolishly took actions that tightened the money supply. I expect the opposite extremely bad choices will be tried this time.
Lord Beria3 wrote:It might be that a farmer has died (indeed, very likely as the average farmer in the UK is in his 60's) and his remaining family don't want to own a farm.
Anyway, people sell for many reasons, thats not my problem.
No, I haven't worked on a farm. And I would rent the land out to a farmer after I had brought, so the question is pointless.
And yes, I would grow my own food, but in my own back garden.
Or maybe the land-rich widow could just rent her land off to the tenant farmer directly, retaining both ownership of the asset and generating an income, cutting you and your gold out of the loop completely.
Lord Beria3 wrote:It might be that a farmer has died (indeed, very likely as the average farmer in the UK is in his 60's) and his remaining family don't want to own a farm.
Anyway, people sell for many reasons, thats not my problem.
No, I haven't worked on a farm. And I would rent the land out to a farmer after I had brought, so the question is pointless.
And yes, I would grow my own food, but in my own back garden.
Or maybe the land-rich widow could just rent her land off to the tenant farmer directly, retaining both ownership of the asset and generating an income, cutting you and your gold out of the loop completely.
Quite possibily but there is always somebody prepared to sell.
This debate is becoming pointless.
Basically you think that at some point down the line no farmer will EVER sell any land - is that it?
Peace always has been and always will be an intermittent flash of light in a dark history of warfare, violence, and destruction
Lord Beria3 wrote:
Quite possibily but there is always somebody prepared to sell.
This debate is becoming pointless.
Basically you think that at some point down the line no farmer will EVER sell any land - is that it?
No.
I think that after your hoped for collapse of paper money no farmer will ever sell to you.
Until that collapse your investment is unlikely to garner the growth it needs to catch up with land prices but after that collapse your position will be worthless.
A lot of land is sold without ever going on the market. If you were born and bred in the area and move in the right circles, you'll know about it, otherwise you won't.
Lord Beria3 wrote:There will be many people who will have no choice but to sell their farmland, if that is their only asset left. This is something that you do not factor into your equations.
And not everybody thinks as highly of farmland as you do.
Sell their land in order to buy what, exactly ?
Food ? Water ? Fuel ?
If law breaks down completely then land will be worth nothing, farmers will not invest time and effort to see their crops stolen. Personally I think that kind of crash is unlikely for some considerable time, we might just slip slowly and quietly into poverty, at least the smallholders will have food and fuel enough to see them out.
Lord Beria3 wrote:
Quite possibily but there is always somebody prepared to sell.
This debate is becoming pointless.
Basically you think that at some point down the line no farmer will EVER sell any land - is that it?
No.
I think that after your hoped for collapse of paper money no farmer will ever sell to you.
Until that collapse your investment is unlikely to garner the growth it needs to catch up with land prices but after that collapse your position will be worthless.
Shiny, but worthless.
After the 'collapse' of paper money, wouldn't gold be the officially accepted money?
Farmers might be quite happy to sell a few acres of land for gold and maybe they might use that gold/money (as they won't touch paper money) to buy something else?
Surely the collapse of paper money will make gold very shiny and valuable as money itself?
After this collapse, what do you think farmers would be prepared to swap land for? Paper money? Gold? Coal?
Peace always has been and always will be an intermittent flash of light in a dark history of warfare, violence, and destruction
If you've got land you can have most of what would you need. What would you want anything else for. You keep your capital and barter the interest, the produce, for what ever else is necessary: labour, parts, fertilizer, defence. As the problems increase the produce and, therefore, the land become more and more valuable.
kenneal - lagger wrote:If you've got land you can have most of what would you need. What would you want anything else for. You keep your capital and barter the interest, the produce, for what ever else is necessary: labour, parts, fertilizer, defence. As the problems increase the produce and, therefore, the land become more and more valuable.
+1
Saved me a bit of typing. The farmer trading produce solves his customers immediate problem (hunger). The gold dealer trading gold requires at least one more transaction before any human need can be met.
