AtTheMurph
Well-known member
http://pricedingold.com/charts/Farmland-1992.pdf
Farm ground priced in gold.
Our perception bias makes us believe that dollars are a constant measure of value when in fact they are anything but that. They can be and are being created out of thin air every second of every day. They are a mirage.
Real value has to be measured on a relative basis. Gold, being the single best money on the planet is a damn fine place to start when measuring real values. It's worked for over 2000 years. In Rome a very fine mans suit of clothing would cost you 1oz of gold.
Today, 1oz of gold will buy you a very fine man's suit. Relative values may change slightly over time but not a whole hell of a lot. There are occasional pricing anomalies but these create the buying or selling opportunities.
When a currency is being destroyed by debasement, that is a time to get into real things, farm ground, gold, timber, guns or ammo or anything else that is real and not paper.
Paper is a fraud. It can be controlled, manipulated and destroyed with the press of a button. It isn't wealth but the illusion of wealth. Real wealth resides in real assets owned and controlled personally.
Farm ground priced in gold.
Our perception bias makes us believe that dollars are a constant measure of value when in fact they are anything but that. They can be and are being created out of thin air every second of every day. They are a mirage.
Real value has to be measured on a relative basis. Gold, being the single best money on the planet is a damn fine place to start when measuring real values. It's worked for over 2000 years. In Rome a very fine mans suit of clothing would cost you 1oz of gold.
Today, 1oz of gold will buy you a very fine man's suit. Relative values may change slightly over time but not a whole hell of a lot. There are occasional pricing anomalies but these create the buying or selling opportunities.
When a currency is being destroyed by debasement, that is a time to get into real things, farm ground, gold, timber, guns or ammo or anything else that is real and not paper.
Paper is a fraud. It can be controlled, manipulated and destroyed with the press of a button. It isn't wealth but the illusion of wealth. Real wealth resides in real assets owned and controlled personally.