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Place at the End

Like 65

By Bill Bonner, Wednesday, 30 April 2025

“Get six jolly cowboys to carry my coffin Six dance-hail maidens to bear up my pall Throw bunches of roses all over my coffin Roses to deaden the clods as they fall.”

—Streets of Laredo, Johnny Cash version

“Death is not something to be feared. It is just a part of life,” the priest explained.

We were listening to the funeral oration for one of our workers who died suddenly last week. A young man, he got pneumonia… and then, on the way to the hospital, died of a heart attack.

“We do not fear death,” the Padre continued. “Because God let his only son die. We follow his example. And we do so in the knowledge that Jesus conquered death for us all. So, we die… but like our brother Jose… we will have eternal life.”

Thus had the priest spelled out the most dramatic promise of Christianity. People believe it. Still, they are in no rush to put it to the test. A young man steps on the gas. An older man knows where he will end up… he is in no hurry to get there. Jose was one of the young ranch hands who were on the job when we got here — nearly 20 years ago. He was 48 when he died.

For the benefit of new readers, we’ve come down to Argentina to check on farm properties, now run by our daughter and her husband. These were the result of trying to solve one problem by buying more of them. The first ranch never ran at break-even…so we bought another ranch next door. Fortunately, Argentina was in a financial crisis, so the amounts were not huge.

But we had to think of the future. We hoped to leave our children with a beautiful property that more or less paid for itself. But the two ranches, working together, still failed to produce a profit. So, we bought more farmland — but cropland this time, far to the East. There, the real estate is uninteresting…flat, fertile and productive. And there is enough rainfall to eliminate the expense of ‘regadors.’

‘Regadors’ are irrigators, who go around with shovels directing small rivulets of water throughout huge fields of alfalfa, corn, onions or other crops. Wages are very low here, but…they add up.

Typically, the older workers spend their days irrigating. The younger men, like Jose, are cowboys. They ride on horseback tending the herds. They are hearty men, ready to wrestle a calf to the ground…fight off condors…or puncture the intestines of a bloated cow.

Jose was a cowboy. Short and stocky, he was very strong and very fit. In one round-up, we watched him lasso a big cow, wrap the rawhide rope behind his back, and get pulled by the angry animal, skidding across the corral as though he were water skiing.

So, the news that he had died came as a shock. Along with relatives and friends, we hastened back to the ranch to say goodbye.

The little chapel held only about 50 people. It over-flowed. All of the mourners, except your editor and his family, appeared to be related. Dark skin, heads full of shiny black hair, it was as if the Spanish blood had never reached the valley. And maybe it didn’t. Our ranch is called ‘Gualfin’ — which means, the ‘place at the end.’ It is at 9,000 feet. Dry. Windy. And it backs up to a high desert that stretches over to Chile.

Fat Tail Investment Research

Source: From the ranch at Gualfin

We’ve never actually seen the back of the ranch. We tried once. We mounted an expedition to ride on horseback, further up the valley and then over a mountain ridge to the desert. There, in the middle, is the ‘River of the Ducks,’ said to have the tastiest trout in the world. The ride was supposed to take about 24 hours. Our goal was to ride up, spend the night at a remote stone cabin, and then continue the next day onto the desert and to the river.

The trouble was, it was too late in the season. Overnight, the temperature dropped and everything froze. Not only that, but we were camped over 10,000 feet. In our late 60s, we couldn’t sleep. When the morning sun rose, we packed up and headed back down the valley.

Jose would have continued. He was a tough hombre.

After the mass was over, we piled into pick-up trucks and drove over to the soccer field. Jose had been a player and a fan. His teammates dug a hole on the field and buried his jersey. Horns honked. Hands clapped. And a cheer went up.

Next came the sad part. The cortege made its way to the ranch graveyard. Surrounded by a stout granite wall, in the winter months the graveyard looks like the most forbidding, least welcoming resting place you can imagine. A terminally sick man, seeing it in July, might want to hold on at least until September.

But yesterday, there was still a smattering of green grass and leafy bushes. The sky was clear — as it almost always is — and our Boot Hill didn’t look so bad.

Six jolly cowboys carried the coffin and laid it next to the grave. Until then, the poor widow, who is deaf, had appeared dazed, but sturdy. Then, she bent to the box and kissed it. She cried quietly and held fast. Then the sobs grew louder and more desperate.

Finally, a couple of cousins — for they are almost all cousins, nephews, uncles — pried her loose and held her tight. Then, came the sons…brothers…sisters…father… mother. Many of them needed the comfort of relatives — strong arms shored them up…gentle words cushioned the falling tears. We Episcopalians are taught not to show emotion in public. But with so much wailing, sobbing, and keening…all of it so authentic…so moving…even the North Americans in the group found their glasses fogging up.

One little boy, a nephew, was inconsolable. His father had to take him away from the gravesite.

When we had all sprinkled water on the coffin, some of Jose’s favorite things were laid on top — a lasso…and a flag from his soccer team. And the Padre, who had been watching events from the periphery, stepped forward. He pronounced the familiar words…from dust to dust…ashes to ashes.

The cowboys lowered him into the ground. We walked over, grabbed a handful of dirt, and tossed it onto the coffin as the grievers poured in bottles of wine, of coca cola, and whiskey. They tossed in cigarettes. And coca leaves. More of Jose’s favorite things.

“It is not exactly a Catholic custom,” the priest explained. “But here in the valley, we have always mixed a little bit of Pachamama with our religion.”

And then came the shovels…and the clods fell…quickly covering the coffin. One man shoveled for a while and then turned the tool over to someone else. It continued until the hole was filled. Rocks were placed on top…with a wooden cross at the head…and bouquets of flowers…so many that they practically covered the grave.

When all was in order, Jose’s father shouted out thanks to everyone who had come to say goodbye and announced a luncheon to follow at Jose’s house.

After sharing a meal of beef, potatoes and tomato salad, we expressed our regrets as best we could and took our leave. It was early evening… shadows were marching up the mountains to the south. And a cool wind was beginning to blow across the high plains.

Regards,

Bill Bonner Signature

Bill Bonner,
For Fat Tail Daily

All advice is general advice and has not taken into account your personal circumstances.

Please seek independent financial advice regarding your own situation, or if in doubt about the suitability of an investment.

Bill Bonner

Bill’s Premium Subscriptions

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All advice is general in nature and has not taken into account your personal circumstances. Please seek independent financial advice regarding your own situation, or if in doubt about the suitability of an investment.

The value of any investment and the income derived from it can go down as well as up. Never invest more than you can afford to lose and keep in mind the ultimate risk is that you can lose whatever you’ve invested. While useful for detecting patterns, the past is not a guide to future performance. Some figures contained in our reports are forecasts and may not be a reliable indicator of future results. Any actual or potential gains in these reports may not include taxes, brokerage commissions, or associated fees.

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