A couple of buddies of mine from down in Houston (long term Peoplenomics subscribers) were up here in the hinterlands this week looking at property near us. Believe me when I tell you these are 24 kt. solid guys who have nice professional situations and high incomes down in oil patch country, but they’re also super bright and looking at backup plans
For them, that means looking at areas which are able to build local self-sufficiency and (no surprise here) they ended up looking at one parcel just up the street (goat path?) from us.
As often happens, another reader email popped in which gets to the same kind of strategic planning decision-making processes and it says in part:
“I have asked you before but I fear I may have asked you the wrong question. And before I clarify let me say thy I know that nothing you write can/will/or should be construed as financial advice, yadda yadda, and all that.
Regarding the potential upcoming crash, I asked you what I should do with some cash I had on hand, and you replied via one of your posts, in so many words, continue investing in prepping. This I know and agree is excellent advice, but here’s where I’m unsure.
You see, I already have a good deal of food stored – almost as much food/water/first aid/prepping items/books as my 875 sq. ft. Jacksonville Beach (I know, I know – ocean front property) attic can hold. I am formally studying permaculture design and am already trying to become a better gardener, learning about sowing and saving seeds, harvesting, etc. I have been actively learning about herbal remedies and plants, and am learning to do as many things ‘old school’ as I can.
So prepping I am, as much as I can do outside of my corporate, fulltime tech job.
I do have some cash available (about 75k), and my house and all my possessions are already paid off. The only thing I am trying to find now is a reputable place where I can buy bullion, as currently I have none. Do you know where I can safely purchase a single gold and silver coin? I sure hope you have some ideas…
But, my real question is about my cash. I am doing all that I can and buying all I have space for, and using some of my cash to purchase training. Since I have some left over, what would you do with your cash if you found yourself in a very similar position, given the potential upcoming tank-pocalypse?
Hypothetically of course.
Fortunately, this is a hypothetical answer: If someone came to me and said “I know how to do permaculture and I’m looking for where to park some cash, I would sure hit the www.unitedcountry.com website. I clicked on their “nationwide” search tool and put in one bedroom and $75,000 for a top price and 20 acres of land and came up with way more than 200 properties to choose from.
Now, I don’t usually do free commercials for folks, but here’s a search hint: Put in a minimum price of $25,000 because that will weed out all the listings which don’t have a price (and some of a gazillion or more). In fact, for giggles, I put in a nationwide search for 20 acres, minimum one bedroom, and $50,000 and under and still came up with five properties including a few that looked promising.
What they have in common is this: they are generally rural, generally mobile homes, but if you’re serious about really “doing it” then this is one place to consider parking your money.
I’m doing a collection of articles from various Peoplenomics reports over the past dozen years which will include all the hints and kinks about buying rural land and maintaining some income while getting out of the rat race.
Which gets me to the simple answer: If you are looking for a survival platform, there are lots of them out there, some are dirt cheap and can be made into grand permaculture spots and somewhere in here I should point out that in addition to the two boys from Houston, Oilman2has 36-acres or so down in the Crocket, Texas area about 45-minutes south of us where he’s planning permaculture, too.
If you figure that I’m a huge fan of rural life, other than my own rifle range, huge ham radio antenna farm, solar panels, and being able to step outside and pee wherever I feel like, then yes, you’d have figured it out.
Try almost anything on that list in a big city – especially if you live under the thumb of condo Nazis (or their antenna-busting HOA equivalents) and you’ll find out soon enough just how “free ‘Merica” is lately.
Even though we’re still looking at moving back to the PNW to be closer to our kids, a long-term summer rental (if funds permit) is a much better option than moving, since moving costs are so damn high.
If I were looking for property in today’s market? I’d be looking to buy something complete with tractor, tools, and so forth because acquisition and transportation costs are so high.
With a little diligence, and $60K, I would have a free and clear rural place to spend off time, an office away from corporate settings, and once there, I’d find a postal carrier job, or something on that order. Why, postal workers in rural areas make really good money and the secret anywhere to getting a job is just opening your eyes and looking for a situation where someone needs something done.
If you have any leftover money after that, let me know…I’m always willing to help people spend money.
On investing, if you want to play paper abstractions in commodities, call JB at www.fortwealth.com. To buy a lone gold or silver coin, two choices: Kitco (click any of the charts above to get to their site) and California Numismatic Investments (CNI) which is out in Inglewood, CA and has a website at www.golddealer.com. I’ve used both and no problems.