
Originally Posted by
Raype
Eh, not really.
5 minutes with any sort of economic teacher will probably give you the same idea.
Natural resources are always solid, and there's a reason gold is considered a sound investment. It's used in a lot more shit than people realize. The economy might as well function on it. Technically speaking, it does, but that's another story.
As for real estate, it was a really really awesome way to make money provided you invested at the right time 30 years ago, give or take a decade. If you got your hand on the right property and kept it appropriately debt free you stood to make plenty to retire on. See all these old people selling their home to move somewhere warm? There's a reason that happens, and a reason why they can just do that. It's not currently likely you'll see a similar thing, but land is a static commodity. A good pick that was well researched can work out pretty well. Hell some of the most expensive chunks of land in this city were swamps or huge rows of trees a decade or two ago. I'd love to have bought that shit up for nearly nothing way back. With the plans for expansion in this city, I might yet see my opportunity.