We love your site. It is part of our daily must reads. While driving to view possible retreat locations today, we printed out your advice on retreat locations and read it again as we drove to the determined area. After looking most of the day, we literally stumble upon (because it was not visible from the road – only a for sale sign) a nearly perfect location, several springs, trees, hillside with level areas, in the top three in all categories of your retreat lists, etc.
In looking to make an offer we wanted your advice regarding financing the purchase. Would you recommend selling gold reserves, home equity line of credit (HELOC) on debt-free primary residence, seller financing to the extent available or institutional financing? Why and/or why not for each? Thank you so much for all you are doing. You are providing an extremely valuable and much appreciated service. – Ken I.
JWR Replies: I can understand the temptation to to hang on to your gold and take a mortgage, but to be conservative and low-risk, my advice is to be debt free. We will probably experience another year or two of deflation before inflation re-emerges. Avoid debt in deflationary times! Mortgage debt is a killer when layoffs occur in droves. So go ahead and sell your gold. But, if possible, wait for a short-term rally.