I think you have the right approach. The US$ is a huge bubble. Gold is going to correct a little and today may be a good day to buy. Agricultural land and land with water access will be more valuable than gold soon.
Just got done fighting a bunch of freepers who can’t see beyond their social issues to realize the house is coming down around them. I agree with them for the most part, but i can’t fathom how they can get so caught up in social issues when they will be looking for something to eat in the next few years.
In five days gold's dropped about 10%. If we had a gold standard that would be called 10,000% hyperinflation.
My family has farmed in this county in TX since the mid 1880’s. We are producers, not speculators. In fact I hate what the commodities traders do to the markets. They don’t want to take physical posession of the commodity, only own it.
It is one thing to trade non-perishable commodities, but quite another to trade perishable items.
This area has historically grown cotton, wheat, maize, sesame and peanuts. Although you can produce most other crops. And we raise cattle.
The big issue with Ag products is physical location. Most of the items are freight intensive. When the area was “settled”, after the railroads came in during the early 1900’s, the transportation problem had a huge reduction. Now almost all the railroads have been taken out (maintainance cost issues). It is all trucked to market.
We will always be capable of feeding ourselves, I plan a bigger garden next year but do not plan to produce all we eat. But we could.
I am glad I do not live in a North Eastern city or in a California metro area.