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Avg wage in relation to farmland values
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John Burns
Posted 1/31/2015 15:19 (#4352448 - in reply to #4351774)
Subject: when the world is fiat, it is all relative



Pittsburg, Kansas

It depends if you are selling, buying, or just holding.

I quit buying land seven or eight years ago. Have no desire to buy any currently.

BUT.............. I might very well be a buyer in another five or ten years, if land price changes in relation to my other assets.

One comment I have made about my gold and silver, is that likely will never sell any of it. Unless I run into some dire financial problems likely it will be passed on.

But if precious metals happen to increase at an opportune time and land prices decreased, I would have no problem being a bigger landowner.

Your post brings out a very good point. When all the official currencies in the world are fiat, the absolute price has little relevance. It is the relationship of price to earning power and other assets that matters.

Great post. Thanks

John



Edited by John Burns 1/31/2015 15:19
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