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Can These Prices Hold??
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<blockquote data-quote="snake67" data-source="post: 1110415" data-attributes="member: 17764"><p>One thing you an be sure of - they will go down some day - that is the name of the game.</p><p></p><p>When?</p><p></p><p>Who knows - even the experts who predict have no skin in the game for the most part so I believe them about as much as I believe you when you tell me you want to kiss my azz. LOL</p><p></p><p>DO NOT!! I repeat - DO NOT - go and borrow money on these prices.</p><p></p><p>Just enjoy it and relax - the ride is always great - just know when to get off - and when is that?</p><p></p><p>When you have the feeling that they definitely WILL hold for one more year and you want to go to the bank and borrow money.</p><p></p><p>Some will do this and win. Some will do this and lose.</p><p></p><p>Me?</p><p></p><p>I am taking the money and using it to get a better handle on the debt that I am still carrying from the BSE crisis started in Canada by a US immigrant rancher a bit more than 10 years ago. </p><p></p><p>Him and one black Angus downer cow he tried to send to slaughter. Remember that guy? Haven't heard much about him since he got his big bailout package from the Canadian feds. The rest of us went hungry when the industry died over night.</p><p></p><p>I knew it was going to be bad when I sold a pretty decent 2400 pound registered black Angus bull later that summer for 2.5 cents a pound.</p><p></p><p>We liquidated a herd of bred cow for less than 250 bucks a head. Banks ordered that sale and we had to follow through - that one hurt. And we were not talking 5 cows here. It was enough to create a half million dollar debt.</p><p></p><p>I had a lot of skin in the game that year - that is when I learned how things can go bad in a hurry because we were riding high and fairly big players at that time.</p><p></p><p>And we were well treated by our federal government when the bail outs came through - although I admit to being a bit jealous when my wife got her check because it was about 50 bucks more than mine. My cheque was just over a hundred bucks. Between the two of us we did not get enough money to fill both trucks parked in the yard with fuel. LOL</p><p></p><p>Probably should have declared bankruptcy but I was dammed if I would. We still have the land today but it is still close at times. Only 200K (plus) more to go and it is all ours again! And that ladies and gentlemen is why I have done 5 tours overseas while the old girl runs this place - that little bit if extra cash - who says being a merc does not pay! LOL</p><p></p><p>Am up for one more tour - will know in about 15 - 20 days. Then I will call it quits.</p><p></p><p>Remember this - someone - somewhere is getting ready to take a big bite of cash on low interest rates and high prices - and someone is - as always - going to get burned.</p><p></p><p>Enjoy the ride - to H'E'L'L' with when the prices will go down - clean up everything first!</p><p></p><p>Best to all</p><p></p><p>Bez</p></blockquote><p></p>
[QUOTE="snake67, post: 1110415, member: 17764"] One thing you an be sure of - they will go down some day - that is the name of the game. When? Who knows - even the experts who predict have no skin in the game for the most part so I believe them about as much as I believe you when you tell me you want to kiss my azz. LOL DO NOT!! I repeat - DO NOT - go and borrow money on these prices. Just enjoy it and relax - the ride is always great - just know when to get off - and when is that? When you have the feeling that they definitely WILL hold for one more year and you want to go to the bank and borrow money. Some will do this and win. Some will do this and lose. Me? I am taking the money and using it to get a better handle on the debt that I am still carrying from the BSE crisis started in Canada by a US immigrant rancher a bit more than 10 years ago. Him and one black Angus downer cow he tried to send to slaughter. Remember that guy? Haven't heard much about him since he got his big bailout package from the Canadian feds. The rest of us went hungry when the industry died over night. I knew it was going to be bad when I sold a pretty decent 2400 pound registered black Angus bull later that summer for 2.5 cents a pound. We liquidated a herd of bred cow for less than 250 bucks a head. Banks ordered that sale and we had to follow through - that one hurt. And we were not talking 5 cows here. It was enough to create a half million dollar debt. I had a lot of skin in the game that year - that is when I learned how things can go bad in a hurry because we were riding high and fairly big players at that time. And we were well treated by our federal government when the bail outs came through - although I admit to being a bit jealous when my wife got her check because it was about 50 bucks more than mine. My cheque was just over a hundred bucks. Between the two of us we did not get enough money to fill both trucks parked in the yard with fuel. LOL Probably should have declared bankruptcy but I was dammed if I would. We still have the land today but it is still close at times. Only 200K (plus) more to go and it is all ours again! And that ladies and gentlemen is why I have done 5 tours overseas while the old girl runs this place - that little bit if extra cash - who says being a merc does not pay! LOL Am up for one more tour - will know in about 15 - 20 days. Then I will call it quits. Remember this - someone - somewhere is getting ready to take a big bite of cash on low interest rates and high prices - and someone is - as always - going to get burned. Enjoy the ride - to H'E'L'L' with when the prices will go down - clean up everything first! Best to all Bez [/QUOTE]
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