Extending an old adage

If you subscribe to the view that one should invest in land because they're not making any more of it, what then do you make of the dollar? Shouldn't the reverse apply too: "Don't invest in dollars, they're making lots of them"?

I suppose many who believe the first adage invest in land precisely because they believe the second. But maybe other investments can similarly fit the bill:

Invest in gold, they're not making any more of it.
Invest in oil, they're not making any more of it.
Invest in water, they're not making any more of it.
Invest in non-renewable resources....

You get the idea.

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Both oil and gold may one

Both oil and gold may one day not be necessary, however, I cant see how this could apply to land. Furthermore, all three adages are potentially subject to review if we end up colonising the solar system.

Oh, and anyone who suggests

Oh, and anyone who suggests that “they’re not making more land” has never seen a skyscraper, or Hong Kong’s airport.

Maybe that was the point. All of the other things he mentioned have, over the long term, been pretty lousy investments. The real value of gold is about what it was a hundred years ago, whereas oil and (I think) water have gotten significantly cheaper in the last century. Land, I'm not sure about. I suspect that its real value has probably increased, but it certainly hasn't paid off to the extent that investment in businesses has.

"they're", not "their".

"they're", not "their".

It might help to resolve the

It might help to resolve the paradox if one keeps in mind that, while one does "invest" in land (because it generates a return), one does not "invest" in gold, oil, water or non-renewable resources -- one "speculates" in them.

You speculate in gold; you invest in a gold mine. Etc.

Oh, and anyone who suggests that "they're not making more land" has never seen a skyscraper, or Hong Kong's airport.