Why is George Soros selling gold and buying farmland?

redrumloa

redrumloa

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Why is George Soros selling gold and buying farmland?

Food prices are skyrocketing all across the globe, and there's no end in sight. The United Nations says food inflation is currently at 30% a year, and the fast-eroding value of the dollar is causing food prices to appear even higher (in contrast to a weakening currency). As the dollar drops in value due to runaway money printing at the Federal Reserve, the cost to import foods from other nations looks to double in just the next two years -- and possibly every two years thereafter.
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redrumloa said:
Why is George Soros selling gold and buying farmland?
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Coz you can't eat gold?
Owning food production is almost as good as owning air. People will work for food - because otherwise they will die.

Meanwhile - it seems like the US is inching towards preventing gold ownership - or at least discouraging it by making it more difficult. Still, making things hard to get hasn't made pot and heroin less desirable.

Not only do I agree with Soros about farmland, I also agree with him to a large degree about Greece and Portugal and the Euro.
 
Soros is clearly not perfect. He lost and estimated $100M on Lehman Bros. He's taken other losses too. So have others such as Donald Trump. The way it works is simple. Big bets and more winner than losers make up for the difference. It's kinda like a Casino there are always bad bets and good bets. The house gets a better chance at the good bets do to it's spread.
 
Land is always a good investment. if i was rich I'd buy farm land too. makes perfect sense.
 
redrumloa said:
Why is George Soros selling gold and buying farmland?
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Jim Rogers has been very long on buying farm land. He has been encouraging people to invest in farmland (as well as Gold/Silver) for most of this year on his many speaking engagements as well as his comments on investment TV shows.

After the great collapse, US will return to agriculture as a primary export, and I would guess, oil as well.
 
Dammy said:
After the great collapse, US will return to agriculture as a primary export, and I would guess, oil as well.
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Until of course global warming turns the US into a giant desert.
 
Glaucus said:
Until of course global warming turns the US into a giant desert.
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Raining every day here like clockwork.

We should see drier conditions next week, although we'll need to keep an eye on the tropical systems in the Atlantic.
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Bzzt, wrong. We still have a downpour every afternoon that you can set your watch to.

I guess we need to go back to the 1930's and have them stop plowing with mules and living with no electric or air conditioning, because the drought back then was far worse than now.

New scientific evidence suggests that the drought of the 1930s was the worst in North America in the last 300 years, but it may pale in comparison with droughts in prehistoric times. The data suggests that droughts may have lasted decades or even longer, much longer than the seven years between 1933 and 1940. Which leaves farmers wondering how and when they might have to cope with another drought.
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Damn those dinosaurs and their SUVs!
 
That's what it was like here last summer. Seemed to rain every day. This year it's the opposite; very hot and drought for weeks. Sure it rained a bit today, but it was just a light drizzle for maybe a couple of hours, the sun is back now. All our grass is dead or dying. Pretty sad. What's really weird is that both our rivers are flooded. Drought + flood at the same time is just too weird.
 
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