Not offended at all. Just making my observation. Cotton. my guess is things have a way of turning out and this won't be any different. I think anyone over the last 100 years who is doom and gloom or waiting for the meltdown have done far worse financially then those who play whatever the current "game" ( lack of a better term). If what you say is true then savers will get hit the worst whether it's cash or equities. Realistate will always stand the test of time. Farmland is only one component of this
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Totally agree cotten but vvalk has a point. If u took errols way of looking at things u might as well crawl in your bear cave a go back to sleep.
I totally believe there will be a correction like errol says but u can not always think that way being in the business we are in. Would be Ritchie bros time.
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I will stick up for errol here didn't he say in possibly feb/march of 2014 wheat and canola prices were attractive and it was prudent to have a risk management plan in place, he wasn't being bearish just cautious again cotton and errol are stating to likely scenarios, not beating there chests just observing, I for one learn a lot off agriville and often do due dillengce after stuff is posted on here and go and check it out for myself and make ration al decisions.
And its not as nasty as some other sites when bulls and bears are constantly at it, kinda big picture stuff here. The other big question is its gonna be 45 here possibly new years will the pub run out of takeaway beer...
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IMO Errol and everyone and i are just trying to see how the dominoes fall in the future which is very very hard.
One of the thing i know for sure is that the top analysts and hedge fund guys are very very scared.
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The question I've asked in the past and got no response to is what has anyone done on a personal/business level to protect their "ass"ets?
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Ya, that's what I had in mind. People of Sask are already ahead of their western neighbors on that front.
I must admit I'm happy farmland, an actual useful hard asset compared to gold, makes up the biggest portion of my portfolio. My only regret is I didn't buy more before the run-up.... maybe after the correction if there is one.
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Old school buses are cheap and easy to bury for bunkers.
Keep bug out fast bags full of gear and fresh spam handy.
Water purification gear a must.
Kruggerands are buried in safe spot.
Happy New Year)
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