Warren Buffett prefers Farm Land to buying Gold. You should too.
Today the world’s gold stock is about 171,000 metric tons. If all of this gold were melded together, it would form a cube of about 68 feet per side. (Picture it fitting comfortably within a baseball infield.) At $1,198 USD per ounce — gold’s price as I write this — its value would be about $9.6 trillion. Call this cube pile A. Let’s now create a pile B costing an equal amount. For that, we could buy all U.S. cropland (400 million acres with output of about $200 billion annually),…
World Renown Investor Jim Rogers gives his view on Farm Land Investments over the next 30 years
By Carolyn Cui from the Wall Street Jornal Agricultural prices have been rallying for several years now, but Jim Rogers thinks there’s still room to grow. The commodities investor said on Tuesday that he is still bullish on agriculture, calling it a great place for investors to be for the next two decades. Prices of agricultural commodities are still relatively cheap compared to those of metals and energy, and the world is scrambling for arable farmlands to feed a growing population, Mr. Rogers told a packed…
