Why is George Soros Selling Gold and Buying Farmland

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WHY IS GEORGE SOROS SELLING GOLD AND BUYING
FARMLAND?

By Mike Adams – August 14, 2011

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.

That’s probably why investors around the globe are flocking to farmland as the
new growth industry.  Investors are pouring into farmland in the U.S. and
parts of Europe, Latin America and Africa as global food prices soar, reports
Bloomberg magazine.  A fund controlled by George Soros, the billionaire
hedge-fund manager, owns 23.4 percent of South American farmland venture
Adecoagro SA.  Jim Rogers is also quoted in the same story, saying,
I have frequently told people that one of the best investments in the world
will be farmland.

That’s because demand for food is accelerating even as radical climate changes,
a loss of fossil water supplies, and the failure of genetically engineered
crops is actually reducing food yields around the globe. Ceres Partners, which
invests in farmland, has produced astonishing 16 percent annual returns since
its launch in 2008. And this is during a depressed economy when most other
industries are showing losses.

http://www.naturalnews.com/033319_food_prices_farmland.html

Post available in: English