Last month, we posed the following question to our audience: Would you rather own an ounce of gold or an acre of land? LANDTHINK.com, an authoritative online resource for advice, knowledge, opinions and trends related to land, can finally announce the results or our interesting and out of the ordinary question. An overwhelming, 89.6% of respondents said that they would rather own an acre of land than an ounce of gold. There are strong arguments to support the fact that both land and gold are solid investments, but the advantages that come along with land ownership incontestably outshines gold. Investors are choosing to purchase land over gold because land has something gold doesn’t- utility. As LANDTHINK Contributor Jonathan Goode pointed out in his article, An Ounce of Gold or an Acre of Land?, land owners can grow crops for food or income, raise cattle and farm animals, build a home, grow timber, and enjoy the recreation opportunities it allows. Additionally, there are tax benefits to land as opposed to gold; land is taxed at capital gains rates and gold as a collectible. Also, land can be purchased with a self-directed IRA, but it’s recommended that land buyers always seek the advice of a tax/legal professional if planning to do so.
LANDTHINK subscribers, fans, followers and land industry professionals across the country voiced their opinion on which they would rather own – an ounce of gold or an acre of land. Here are the final results:
- 89.6% said they would rather own an Acre of Land
- 10.4% said they would rather own an Ounce of Gold
LANDTHINK.com has asked for participation in a series of questions, the LANDTHINK Pulse. Each month, we ask one, straightforward question, in an effort to gather interesting insight into the current land real estate market. Thank you to everyone who participated and shared the Pulse with friends and connections in the land industry. We at LANDTHINK are proud to announce that we received a whopping 1,021 responses last month! That was a record number of responses received since we launched the first survey question!
Congratulations to Wendy Fitzpatrick, the winner of the $100 Amazon gift card in December! Wendy is with Northern Tier Properties in Tioga, Pennsylvania.
Sponsorship of the LANDTHINK Pulse is an excellent opportunity for land industry businesses and professionals to receive significant exposure by leveraging our entire network of web and social media sites. Pulse sponsorships are offered on a first come first serve basis and are subject to certain limitations. If your business would be interested in sponsoring next month’s February Pulse question, please contact us.
Click here to answer the January Pulse question and tell us where you are most likely to begin your search for land. All respondents will be automatically entered to win a $100 Amazon gift card!
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