Don and I were watching our six calves gamboling around the pasture yesterday, and we started talking about their futures. Some we'll sell, some we'll butcher, some we'll keep and breed... but ALL will contribute in some way to our family's welfare. It's no wonder we call the cattle our tangible investments.
Food prices are skyrocketing and the value of money is decreasing, but people will always need milk and meat. That's why we consider our cattle tangible investments.
But not everyone can raise cattle. Or goats. Or even a garden. Not everyone has the room, the means, or the ability. Nonetheless, faced with the uncertainty of our economy, I believe tangible investments to be smart.
So what are your tangible investments? What do you think is useful to own, do, or know in the face of our nation's future, even if you don't live on a farm? What kind of investments can act as an alternative to, say, stocks and bonds, or even a savings account?