Not totally buying into the precious metals bubble scenario. If what you're saying comes to pass the dollar is sure to decline further which by all indications and history will only drive up gold and silver which is what I'm assuming you're refering to.
As far as land is concerned that last thing I want to own right now is land. Now improved real estate (rental property) is an entirely different story. I'm a big proponent of owning investment property and continue to buld my portfolio accordingly. But bare land unless you're in an active path of progress I personally consider more of a liability.
Regardless of who gets elected, and I'm strongly for Romney, I think there will be some positive growth as it's not in the Country's interest to consider down the same path we'eve been on for the past 4 years. I think Congress will put pressure on a democratic/socialistic administration and Obama woud be forced to make dicisions not particular in his favor. Just my opinion.