Cotton, Pars -- Gold?

[parsley]

Never underestimate the value of good milling wheat. It will be worth a lot, imho. Cargill bought up swags of it, I read. Pars

[perfecho]

If things got real ugly, what would you rather have.....an ounce of gold or a steer to butcher?
(out there I know, but.....!)

[Hopperbin]

Not sure parsley look at 5 year housing morgage rates as flat as they have ever been, I think cibc was advertising 5 year at 4.5 percent. Pretty sure they got that secured. China seems still to be able to take up any commodity silver gold copper slack yet except for cwb wheat.

[parsley]

There are some serious problems brewing in the Canadian housing market that are jelling.

perf, for me, personally,I can go out and pop a jumper anytime if my stomach craves a burger. Have enough food on the farm for prob 3 years.

Fruit alone, is plenty...rasps, strawberries, black currant, cranberries, gooseberries, apples, crabapples, rhubarb, chokecherries, saskatoons, pincherries, etc.

Crops..lentils, beans, grains for breadmaking. Vegetables.

Need gas-negotiating material for my Rhino, tho. You know how I drive.lol

Even though Canada fares better than most, it's a good time to practice fiscal restraint, considering the eyes of the countries who have a problem feeding themselves, will watch us expectantly.

We cannot afford to feed the world. Pars

[checking]

Since everyone is being a worry wart, I think this is a good time to buy another fishing boat!!

[malleefarmer]

relatively speaking canada and australia for that matter similar type economies in many ways are actually in good shape compared to the rest of the world and can and will hang tough

worry is were the money will come from to buy our exportable goods

[mbratrud]

I agree Malle, the thing our nations have going for them is for the most part we are exporting Natural Resources Food and Energy. Were not trying to sell trinkets and toys.

[cottonpicken]

http://www.investorsfriend.com/Canadian%20GDP%20Canadian%20imports%20and%20export s.htm


Ag and mining and oil and gas and forestry and fishing account for about 8% of gdp.

Everything else is an anchor around our necks.



When the housing bubble burst the banks will not have to be re-capitalized because cmhc already quarantees they will receive
there money from the canadian tax payer,funny huh?

This has led to the banks not being afraid at all to lend money.